Bluejay Diagnostics Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported by Bluejay Diagnostics, Inc. (the “Company”) in its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, the Company has been discussing the terms and timing of a separation from employment with its Chief Technology Officer, Jason Cook. On May 28, 2025, the Company and Dr. Cook entered into a separation agreement and general release, which will become effective on June 4, 2025 unless earlier revoked by Dr. Cook (the “Separation Agreement”).
Under the terms of the Separation Agreement, Dr. Cook will cease employment with the Company on May 30, 2025. Following separation, Dr. Cook will receive the severance amounts provided for under his existing employment agreement with the Company, which consist of six-months’ base salary and a pro rata target bonus for the 2025 calendar year based on the portion of the 2025 calendar year in which he was employed. The payment of such amounts, which will occur in equal installments over the six-month period following his cessation of employment, are subject to the compliance by Dr. Cook of certain ongoing covenants with respect to confidentiality, cooperation and other matters. The Separation Agreement provides that the parties may mutually agree for Dr. Cook to serve as a paid consultant following his cessation of employment, and any such consulting arrangement, if any, will be on terms to be mutually agreed by the parties in the future.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 10.1 | Separation and Release Agreement, entered into on May 28, 2025, by and between Bluejay Diagnostics, Inc. and Jason Cook |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Bluejay Diagnostics, Inc. | ||
| By: | /s/ Neil Dey | |
| Neil Dey | ||
| President and Chief Executive Officer | ||
Date: May 28, 2025
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