CING 8-K
Cingulate Inc. (CING)
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 Arrangements of Certain Officers.
On March 27, 2026, following stockholder approval of the Issuance Proposal (defined below), Zhanpeng “Frederick” Jiang was appointed as a member of the Board of Directors (the “Board”) of Cingulate Inc. (the “Company”), effective immediately, to serve as a Class I director until the Company’s 2028 Annual Meeting of Stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal, subject to the terms and conditions of the securities purchase agreement, which was filed previously with the Company’s Current Report on Form 8-K, dated January 28, 2026. Following the appointment of Mr. Jiang, the Class I directors will consist of Peter Werth, Jeff Hargroves and Mr. Jiang.
Mr. Jiang was appointed to serve as a member of the Audit Committee of the Board. Following the appointment of Mr. Jiang, the Audit Committee will consist of Jeffrey S. Ervin, as chairman, John A. Roberts, Bryan Lawrence, Mr. Hargroves and Mr. Jiang.
Mr. Jiang was appointed to serve as a member of the Compensation Committee of the Board. Following the appointment of Mr. Jiang, the Compensation Committee will consist of Mr. Lawrence, as chairman, Mr. Ervin, Mr. Roberts, Mr. Hargroves and Mr. Jiang.
Mr. Jiang was also appointed to serve as a member of the Nominating and Corporate Governance Committee of the Board. Following the appointment of Mr. Jiang, the Nominating and Corporate Governance Committee will consist of Mr. Ervin, as chairman, Mr. Lawrence, Mr. Roberts, Mr. Hargroves and Mr. Jiang.
The Board has determined that Mr. Jiang is independent as defined in Listing Rule 5605 of the Nasdaq Stock Market LLC for purposes of serving on the Board. Pursuant to the Company’s Non-Employee Director Compensation Program (the “Director Compensation Program”), Mr. Jiang was granted an option to purchase 15,000 shares of the Company’s common stock (the “Option”). The shares subject to Mr. Jiang’s Option will have a per share exercise price equal to the last reporting sale price reported by the Nasdaq Stock Market on the date of grant and the Option will vest over a period of one year in two equal installments on each six-month anniversary of the grant date for so long as Mr. Jiang remains on the Board through each such vesting date. In addition, Mr. Jiang will be entitled to receive annual cash retainers in the amount of $ $40,000 per year for his service on the Board and $7,500, $5,000 and $4,000 per year for his service on the Audit Committee, Compensation Committee and Nominating and Governance Committee, respectively, and any other compensation provided pursuant to the Director Compensation Program.
SIGNATURE
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.
| CINGULATE INC. | ||
| Dated: April 2, 2026 | By: | /s/ Shane J. Schaffer |
| Name: | Shane J. Schaffer | |
| Title: | Chief Executive Officer | |