BeyondSpring Inc 8-K/A, filed Jun 29, 2026
BeyondSpring Inc. (BYSI)
About this 8-K/A
BeyondSpring Inc filed this 8-K/A on June 29, 2026, reporting on events of June 4, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
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Explanatory Note
The Original Form 8-K also reported the appointment of Ms. Na Li as Chief Financial Officer of the Company. Her compensation remains unchanged in connection with her appointment.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In connection with the previously disclosed appointment of Mr. Qiu as Chief Executive Officer, the Company has entered into an employment agreement with Mr. Qiu providing for the compensation described below.
Mr. Qiu will receive an annual salary of $100,000 and is eligible to participate in any bonus program sponsored by the Company on a basis consistent with that applicable to other employees at his level, in accordance with Company policy, with a target annual bonus of 30% of base salary.
In connection with his appointment as Chief Executive Officer, Mr. Qiu will also be granted options to purchase 100,000 ordinary shares of the Company, which will vest in four equal annual instalments following the grant date. The options will be granted pursuant to the terms and conditions of the Company’s 2017 Omnibus Incentive Plan (the “Plan”) and the Company’s standard form of option award agreement.
In the event of a qualifying termination of employment or a change in control, Mr. Qiu will be entitled to severance payments and benefits identical to those previously applicable to Dr. Lan Huang, as disclosed in the section entitled “Potential Payments Upon Termination or Change in Control” in Item 11 of the Company’s most recent Annual Report on Form 10-K. Specifically, in the event of a termination without cause or resignation for good reason, subject to his execution of a release, Mr. Qiu would receive 9 months of continued base salary payments and a pro-rated bonus for the year of termination based on actual performance. In addition, under the terms of the Plan and option award agreement, if the options are assumed or substituted for in the change in control and Mr. Qiu’s employment is terminated without cause within 12 months thereafter, any unvested options will immediately vest, and if the options are not assumed or substituted for in the change of control, any unvested options will immediately vest.
The foregoing description of Mr. Qiu’s employment agreement does not purport to be complete and is qualified in its entirety by the full text of the agreement, a copy of which will be filed as an exhibit to the Company’s next periodic report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit |
| 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.
Date: June 29, 2026
| BeyondSpring Inc. | ||
| By: | /s/ Lan Huang | |
| Name: | Lan Huang | |
| Title: | Chairperson | |