Former Moderna, Dentsply Sirona CFO agrees to clawback of $700K severance

Moderna could claw back its $700,000 severance to former CFO Jorge Gomez, who recently joined the company after leaving Dentsply Sirona, according to a May 16 Charlotte Business Journal report.

Mr. Gomez exited his CFO position at Moderna May 10 after one day with the company, the same day Dentsply Sirona publicly disclosed its ongoing internal investigation into possible securities fraud.

Three things to know:

1. If it is found that Mr. Gomez engaged in any wrongdoing or is required to pay a fine because of investigation by Dentsply Sirona or the Securities and Exchange Commission, Moderna could recoup and terminate his payments.

2. In a May 11 Securities and Exchange Commission filing, Moderna disclosed that Mr. Gomez forfeited his $500,000 signing bonus and "new hire" equity awards valued at $4 million. Moderna said he would be provided a year's salary of $700,000 and COBRA coverage for a year.

3. Mr. Gomez and Moderna signed an agreement that could take away his Moderna benefits and open him to legal action by the company. This agreement holds him to noncompete, nondisclosure and nondisparagement clauses.

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