Company: BOLT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058632
Chunk: 51

Company: Bolt Biotherapeutics, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 51
---
. Quinn is also eligible to receive potential termination or change in control payments pursuant to the Severance Plan, as described in “—Potential Payments upon Termination or Change in Control” below.

<div align='center'>33</div>

Grant Yonehiro

In October 2016, we entered into an offer letter with Mr. Yonehiro, which governs the terms of his employment with us. For 2024, Mr. Yonehiro was entitled to an annual base salary of $450,000 and was eligible to receive an annual performance bonus with a target amount of 40% of his annual base salary, based on his achievement of Company performance goals (50%) related to clinical, pipeline development, and financing milestones and objectives, and individual performance goals (50%). For 2025, Mr. Yonehiro is entitled to an annual base salary of $463,500 and is eligible to receive an annual performance bonus with a target amount of 40% of his annual base salary, based on his achievement of Company performance goals (50%) related to clinical, pipeline development, and financing milestones and objectives, and individual performance goals (50%). Mr. Yonehiro is also eligible to receive potential termination or change in control payments pursuant to the Severance Plan, as described in “—Potential Payments upon Termination or Change in Control” below.

Consulting Agreements

In connection with the reduction-in-force In May 2024, we announced a strategic pipeline prioritization and restructuring plan, and Dr. Schatzman and Dr. Perez resigned as our chief executive officer and chief medical officer, respectively. In connection with such resignations, in order to ensure an orderly transition of duties, we entered into a consulting agreement with each of Dr. Schatzman and Dr. Perez. The key terms of these consulting agreements are described below.

Randall C. Schatzman, Ph.D.

In May 2024, Dr. Schatzman's resigned as our chief executive officer and remained an employee until July 15, 2024, at which time he became an advisor to the Company pursuant to a consulting agreement entered into on May 13, 2024 (the “Schatzman Consulting Agreement”). Pursuant to the Schatzman Consulting Agreement, we and Dr. Schatzman mutually agreed that commencing July 15, 2024 until the earlier of (i) nine months following July 15, 2024 or (ii) a termination in accordance with the terms of the Schatzman