8-K - Beyond Air, Inc. | StockGist

AI Analysis

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Beyond Air, Inc. announced the resignation of CEO and Director Steven A. Lisi, effective March 27, 2026, and the appointment of Robert Goodman as his successor, alongside a separation agreement providing $650,000 in compensation continuation and equity acceleration.

Key Takeaways

1Steven A. Lisi resigned as CEO and Director effective March 27, 2026, to pursue other opportunities; the departure was not due to any disagreement with the Company.

2Robert Goodman, current Chief Commercial Officer and Director, was appointed CEO effective March 27, 2026, bringing over 25 years of healthcare commercial experience.

3The Company entered a Separation Agreement with Mr. Lisi providing $650,000 in separation pay over 12 months and 12 months of COBRA premiums.

4All of Mr. Lisi's unvested equity awards immediately vested, and all vested and newly vested awards remain exercisable for 24 months post-separation.

5No new employment agreement or compensation arrangements have been finalized for Mr. Goodman as of the filing date.

Current Report Details

Event Type

Material Agreement

Management Change

Regulation Fd

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

| Entry into a Material Definitive Agreement. | |---|---| The description in Item 5.02 below, as it relates to the terms and conditions of the Separation and Re

Material Agreement

Source Document

5.02

. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |---|

Management Change

$650.0KCompany or its Board or any matter relating to the Company

7.01

, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Secur

Regulation Fd

Executive & Director Changes

Steven A. Lisi

Chief Executive Officer and Director

Resigned

Effective: 2026-03-27

To pursue other opportunities; resignation not due to disagreement with Company

Robert Goodman

Chief Executive Officer

Appointed

Effective: 2026-03-27

Board appointment to succeed Mr. Lisi

Transaction Details

Material Agreement

Agreement: Separation and Release of Claims Agreement
Parties: Beyond Air, Inc., Steven A. Lisi

•Separation Date: March 27, 2026
•Separation Pay: $650,000 (representing base salary) paid over 12 months via regular payroll
•COBRA Premiums: Company to pay for 12 months
•Equity Treatment: All unvested options and restricted stock units accelerated and vested as of Separation Date
•Exercise Period: Vested equity remains exercisable for 24 months from Separation Date
•Release: Contains general release of claims by Mr. Lisi in favor of the Company
•Revocation Period: Seven business days from March 27, 2026

Exhibits (3)

10.1

EX-10.1

8-K

99.1

EX-99.1