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enGene (NASDAQ: ENGN) raises Cooper change-in-control bonus multiple

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

enGene Holdings Inc. updated the employment agreement of executive Ronald H. W. Cooper. The Board of Directors, following a recommendation from its Compensation Committee, approved an amendment that increases his potential cash payout if his employment ends in connection with a change in control of the company.

Under the revised terms, if Mr. Cooper experiences a CIC Termination as defined in his agreement and complies with its conditions, he will receive a lump sum payment equal to 1.5x his annual target bonus, instead of the prior 1.0x multiple. This payment would be made within 45 days of the qualifying termination. The full amendment will be included as an exhibit to enGene’s Form 10-K for the fiscal year ending October 31, 2025.

Positive

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Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 02, 2025

 

 

enGene Holdings Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

British Columbia

001-41854

Not applicable

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

4868 Rue Levy, Suite 220

 

Saint-Laurent, Quebec, Canada

 

H4R 2P1

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 514 332-4888

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Shares

 

ENGN

 

The Nasdaq Stock Market LLC

Warrants, each exercisable for one Common Share, at an exercise price of $11.50 per Share

 

ENGNW

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 2, 2025, the Board of Directors (the “Board”) of enGene Holdings Inc. (the “Company”), upon recommendation from the Compensation Committee of the Board, approved an amendment (the “Amendment”) to the Employment Agreement, dated July 22, 2024, by and between enGene USA Inc., an indirect, wholly-owned subsidiary of the Company, and Ronald H. W. Cooper (the “Cooper Employment Agreement”). The Amendment modifies Section 7(b)(ii) of the Cooper Employment Agreement to provide that, in the event of a CIC Termination (as defined in the Cooper Employment Agreement) and subject to his compliance with the terms thereof, Mr. Cooper will be entitled to receive a lump sum payment equivalent to 1.5x his annual target bonus (rather than 1.0x), payable within 45 days of the CIC Termination.

The foregoing description of the Amendment is qualified in its entirety by the complete text of the Amendment, a copy of which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ending October 31, 2025.

 


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.

 

 

 

ENGENE HOLDINGS INC.

 

 

 

 

Date:

October 2, 2025

By:

/s/ Lee Giguere

 

 

 

Name:Lee Giguere
Title: Chief Legal Officer

 


FAQ

What executive compensation change did enGene (ENGN) disclose?

enGene Holdings Inc. disclosed an amendment to Ronald H. W. Cooper’s employment agreement that increases his change-in-control cash severance from 1.0x to 1.5x his annual target bonus following a qualifying CIC Termination.

Who approved the amendment to Ronald H. W. Cooper’s employment agreement at enGene (ENGN)?

The Board of Directors of enGene Holdings Inc. approved the amendment, acting on a recommendation from the Board’s Compensation Committee.

When will Ronald H. W. Cooper receive the enhanced payout after a CIC Termination at enGene (ENGN)?

If there is a CIC Termination under the agreement and Mr. Cooper meets the required conditions, he will receive the lump sum payment within 45 days of the CIC Termination.

Does the enGene (ENGN) filing define what a CIC Termination is?

The filing states that CIC Termination is defined in Ronald H. W. Cooper’s employment agreement, but it does not restate the definition; it simply references the existing definition in that agreement.

Where can investors find the full text of the amendment to Ronald H. W. Cooper’s agreement with enGene (ENGN)?

The company states that the complete text of the amendment will be filed as an exhibit to enGene Holdings Inc.’s Annual Report on Form 10-K for the fiscal year ending October 31, 2025.

Does the enGene (ENGN) filing mention any other changes to executive employment terms?

The disclosure focuses on modifying Section 7(b)(ii) of Ronald H. W. Cooper’s employment agreement to increase his change-in-control bonus multiple; no additional employment changes are described in this content.