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Actionable news in PRTA: Prothena Corporation plc,

Departure of Directors or Certain

On December 9, 2015, the Compensation Committee of the Board of Directors of Prothena Corporation plc (the Company) approved certain changes to the severance plan of Prothena Biosciences Inc (PBI), a wholly-owned subsidiary of the Company, as set forth in the Prothena Biosciences Inc Amended and Restated Severance Plan (the Severance Plan).

The named executive officers of the Company, other than Dale B. Schenk who is eligible for severance benefits under a separate employment agreement, are eligible to participate in the Severance Plan, which provides for certain compensation to be paid and benefits to be provided to them (and other eligible participants in that Plan) in the event of certain involuntary terminations of...