CBIO 8-K
Crescent Biopharma, Inc. (CBIO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On June 10, 2024, the Board of Directors (the “Board”) of GlycoMimetics, Inc. (the “Company”), upon the recommendation of the Compensation Committee of the Board (the “Committee”), granted performance-based stock options (each, an “Award” and together, the “Awards”) to the Company’s named executive officers (the “NEOs”) under the terms of the Company’s Amended and Restated 2013 Equity Incentive Plan (the “Amended 2013 Plan”). The Awards are exercisable for the number of shares of common stock set forth in the table below, with each option having an exercise price of $0.2589 per share.
Officer |
| Title | Shares Underlying |
Harout Semerjian |
| President and Chief Executive Officer | 521,250 |
Brian Hahn | Chief Financial Officer | 187,500 | |
Edwin Rock, M.D. |
| Chief Medical Officer | 187,500 |
Each Award will vest in full upon FDA approval of the Company’s product candidate uproleselan for the treatment of acute myeloid leukemia, subject to the recipient’s continued service through the vesting date.
The Awards are in addition to the service-based stock options that the Committee awarded to the NEOs on January 12, 2024, each of which has an exercise price of $3.11 per share.
The description of the Awards contained herein is a summary of their material terms, does not purport to be complete and is qualified in its entirety by reference to the Amended 2013 Plan and the forms of Stock Option Grant Notice and Stock Option Agreement under the Amended 2013 Plan, which were filed as Exhibit 10.1 and Exhibit 10.2, respectively, to the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission on March 27, 2024.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GLYCOMIMETICS, INC. | ||
By: | /s/ Brian M. Hahn | |
Date: June 13, 2024 | Brian M. Hahn |
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