Business Context and Reporting Period
Beyond Air, Inc. filed a Form 8-K dated September 23, 2026, reporting executive compensation arrangements and a material employment agreement. The filing concerns Robert Goodman, who was appointed Chief Executive Officer effective March 27, 2026, and Daniel Moorhead, the Chief Financial Officer.
Key Financial and Compensation Terms
- CEO base salary: Mr. Goodman will receive annual base salary of at least $650,000.
- CEO annual bonus: Target bonus is 60% of base salary, with potential payout ranging from 0% to 150% of target based on performance objectives.
- CEO equity and benefits: Mr. Goodman is eligible for equity incentive programs, officer benefit programs, and reimbursement of reasonable business expenses.
- CFO base salary: Mr. Moorhead’s annual base salary increased from $325,000 to $463,000, effective September 23, 2026.
- Financial metrics: The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating performance data.
Material Changes Versus the Prior Comparable Period
- The Company entered into a formal employment agreement with Mr. Goodman, who had previously been appointed CEO without an employment agreement or disclosed compensation arrangement.
- Mr. Moorhead’s annual base salary increased by $138,000, or approximately 42.5%, from $325,000 to $463,000. All other terms of his employment agreement reportedly remain unchanged.
Termination Provisions, Outlook, and Unusual Items
- If the Company terminates Mr. Goodman without Cause, or he resigns for Good Reason, he is generally entitled to accrued compensation and benefits, 12 months of continued base salary, and COBRA premium reimbursement for the salary-continuation period.
- If such termination occurs from three months before through 12 months after a Change in Control, Mr. Goodman is generally entitled to a lump-sum payment equal to 24 months of base salary and up to 18 months of COBRA reimbursement.
- The CEO agreement includes confidentiality, invention assignment, non-competition, and non-solicitation covenants, generally applying during employment and for 12 months afterward.
- The filing provides no revised business guidance, financial outlook, liquidity update, or contingent liability estimate.
Investor Verification Items
- Review Exhibit 10.1 for the complete definitions of Cause, Good Reason, Disability, and Change in Control and the precise severance mechanics.
- Assess the potential cost of CEO severance, including the Change in Control provisions.
- Verify the effective date and payroll treatment of the CFO salary increase.
- Review subsequent filings for equity awards, bonus determinations, further executive compensation changes, or updated financial information.