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Korro Bio (NASDAQ: KRRO) CFO exits; CEO assumes finance role

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Korro Bio reported that Chief Financial Officer Vineet Agarwal plans to resign effective October 17, 2025 to pursue another opportunity. He has agreed to remain available as an advisor for 30 days to help with the transition. His separation is being handled under his November 2023 employment agreement, with a Separation Agreement providing benefits outside a change in control context, and his vested stock options as of October 17, 2025 may be exercised through March 31, 2027. The company states his departure is not due to any disagreement over management, operations, policies, or practices.

The board has appointed President and Chief Executive Officer Ram Aiyar to serve additionally as interim Chief Financial Officer and principal financial officer starting October 17, 2025. He will not receive additional compensation for these interim duties, and the company notes there are no special arrangements, family relationships, or related-party transactions tied to his appointment. The Separation Agreement with Mr. Agarwal is filed as an exhibit.

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0001703647falseNASDAQ00017036472025-10-072025-10-07

 

 

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 7, 2025

 

Korro Bio, Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware

001-39062

47-2324450

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(IRS Employer
Identification No.)

60 First Street, 2nd floor, Suite 250

Cambridge, MA

 

02141

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (617) 468-1999

N/A

(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 stock, par value $0.001 per share

 

KRRO

 

The Nasdaq Capital Market

 

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.

 

Departure of Chief Financial Officer

 

On October 7, 2025, Vineet Agarwal announced his intention to resign from his position of Chief Financial Officer of Korro Bio, Inc., or Korro, effective October 17, 2025 to pursue another opportunity. In order to ensure the smooth transition of his functions, Mr. Agarwal has agreed to be available to serve as an advisor for 30 days thereafter. The board of directors of Korro, or the Board, and Korro are incredibly thankful to Mr. Agarwal for his long-standing service at Korro.

 

In recognition of Mr. Agarwal’s agreement to be available to advise Korro through a transition period, Mr. Agarwal’s employment with Korro will be treated as an ending pursuant to Section 3(d) of Mr. Agarwal’s employment agreement dated November 8, 2023, or the Employment Agreement. Accordingly, in connection with his resignation, Korro and Mr. Agarwal entered into a Separation Agreement, or the Separation Agreement, effective October 7, 2025, providing for separation benefits outside of the change in control period as described in the summary of the Employment Agreement included in Korro’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission, or SEC, on April 29, 2024, which description is incorporated herein by reference. In addition, Korro agreed to extend the post-termination exercise period for any vested stock options as of October 17, 2025 through March 31, 2027. Mr. Agarwal’s departure is not related to any disagreement between the parties as to the management of Korro or as to any matter relating to its operations, policies or practices.

 

The foregoing description of the Separation Agreement does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is filed as exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

Appointment of Interim Chief Financial Officer and Principal Financial Officer

 

In light of Mr. Agarwal’s resignation, the Board appointed Dr. Ram Aiyar, President and Chief Executive Officer (principal executive officer), to serve as Korro’s interim Chief Financial Officer and principal financial officer, in addition to his current duties effective from October 17, 2025.

 

Biographical information for Dr. Aiyar is set forth in Korro’s definitive proxy statement on Schedule 14A filed with the SEC on April 29, 2025 and is incorporated herein by reference. Dr. Aiyar will not receive any additional compensation in connection with this interim appointment.

 

There is no arrangement or understanding between Dr. Aiyar and any other persons, respectively, pursuant to which he was selected as an officer. There are no family relationships among any of Korro’s directors or executive officers and Dr. Aiyar, and Dr. Aiyar does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

No.

 

Description

 

 

 

10.1

 

Separation Agreement and Release by and between Korro Bio, Inc. and Vineet Agarwal, dated October 7, 2025.

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 


 

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.

 

 

KORRO BIO, INC.

 

 

Date: October 8, 2025

By:

/s/ Ram Aiyar

 

 

 

 

 

Name: Ram Aiyar

 

 

Title: President and Chief Executive Officer

 

 


FAQ

What executive change did Korro Bio (KRRO) disclose in this 8-K?

Korro Bio disclosed that Chief Financial Officer Vineet Agarwal intends to resign effective October 17, 2025, and that President and CEO Ram Aiyar will serve as interim Chief Financial Officer and principal financial officer starting that date.

Why is Korro Bio CFO Vineet Agarwal leaving and when is his last day?

Vineet Agarwal announced his intention to resign as Chief Financial Officer of Korro Bio effective October 17, 2025 in order to pursue another opportunity. The company states that his departure is not related to any disagreement about management, operations, policies, or practices.

What transition and separation terms did Korro Bio agree with its departing CFO?

Korro Bio and Vineet Agarwal entered into a Separation Agreement effective October 7, 2025, providing separation benefits outside the change in control period as described in his employment agreement. He will be available to advise the company for 30 days after October 17, 2025, and the post-termination exercise period for any vested stock options as of that date is extended through March 31, 2027.

Who will act as Korro Bio’s interim Chief Financial Officer after the CFO resignation?

Korro Bio’s board appointed Dr. Ram Aiyar, currently President and Chief Executive Officer and principal executive officer, to also serve as the company’s interim Chief Financial Officer and principal financial officer effective October 17, 2025.

Will Korro Bio CEO Ram Aiyar receive extra pay for serving as interim CFO?

No. The filing states that Dr. Ram Aiyar will not receive any additional compensation in connection with his appointment as interim Chief Financial Officer and principal financial officer.

Does Korro Bio disclose any related-party or family relationships tied to the interim CFO role?

Korro Bio states there is no arrangement or understanding with other persons under which Dr. Aiyar was selected, there are no family relationships between him and other directors or executive officers, and he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

What key exhibit is included with Korro Bio’s report on the CFO change?

The report includes as Exhibit 10.1 the Separation Agreement and Release between Korro Bio, Inc. and Vineet Agarwal dated October 7, 2025, along with Exhibit 104, the cover page interactive data file.
Korro Bio, Inc.

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