Form 8-K - Current report
10 Outubro 2024 - 6:02PM
Edgar (US Regulatory)
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2024-10-09
2024-10-09
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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 9, 2024
Cocrystal
Pharma, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38418 |
|
35-2528215 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
19805
N. Creek Parkway |
|
|
Bothell,
WA |
|
98011 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (877) 262-7123
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 (see General Instruction A.2. below):
☐ |
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 |
|
COCP |
|
The
Nasdaq Stock Market LLC
(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.
(e)
On
October 9, 2024, the Board of Directors of Cocrystal Pharma, Inc. (the “Company”) ratified certain actions of the Compensation
Committee effective as of August 12, 2024.
The Board of Directors approved increases in the base salary of each of
the Company’s executive officers consisting of James Martin, the Company’s Chief Financial Officer and Co-Chief Executive
Officer, and Dr. Sam Lee, the Company’s President and Co-Chief Executive Officer, from $400,000 to $416,000. Additionally, each
executive officer received a bonus of $200,000 and a grant of 40,000 restricted stock units (“RSUs”).
The
Board of Directors also approved the following cash stipends and RSU grants to the Company’s non-employee directors: (i) a $60,500
cash stipend for service as a director, a $100,000 cash stipend for service on the Company’s Scientific Advisory Board, and 28,109
RSUs to Dr. Roger Kornberg; (ii) a $44,770 cash stipend and 27,100 RSUs to Dr. Philip Frost; (iii) a $82,280 cash stipend and 18,957
RSUs to Steven Rubin; (iv) a $36,300 cash stipend and 8,067 RSUs to Fred Hassan; (v) a $36,300 cash stipend and 8,067 RSUs to Richard
Pfenniger; and (vi) a $54,450 cash stipend and 14,924 RSUs to Dr. Anthony Japour.
With
respect to each grant of RSUs described above, half of the RSUs are fully vested as of the grant date and the remaining half vest in
eight equal quarterly installments on the last day of March, June, September, and December, commencing on September 30, 2025, subject
to the applicable recipient continuing to serve as an officer or director of the Company, as applicable, on each applicable vesting date.
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.
Dated:
October 10, 2024
|
Cocrystal
Pharma, Inc. |
|
|
|
|
By: |
/s/
James Martin |
|
Name: |
James
Martin |
|
Title: |
Chief
Financial Officer and Co-Chief Executive Officer |
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