Post by lakers on Feb 23, 2016 17:07:38 GMT -5
Form 8-K for MANNKIND CORP
23-Feb-2016
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On February 17, 2016, Alfred E. Mann notified us of his resignation from our Board of Directors, effective immediately. We issued a press release announcing the resignation described above on February 19, 2016.
(e)
Mr. Mann continues to serve as an employee of MannKind Corporation and receives salary at the annual rate of $240,000.
On February 18, 2016, we granted the following stock option to Matthew J. Pfeffer, our chief executive officer, in connection with his promotion to such office on January 10, 2016:
Exercise Price
Name Options Per Share
Matthew J. Pfeffer 604,267 (1) $ 0.92
(1) Twenty-five percent of the shares subject to the option vest one year following the vesting commencement date of January 1, 2016, and thereafter the remaining shares subject to the option vest in equal monthly installments over the following 36 months.
The foregoing stock option was granted under our 2013 Equity Incentive Plan (the "Plan") and is evidenced by a Stock Option Grant Notice and Option Agreement (collectively, the "Grant Documents"), which, together with the Plan, set forth the terms and conditions of the stock option. The foregoing is only a brief description of the material terms of the stock option, does not purport to be complete and is qualified in its entirety by reference to the Plan, attached as Exhibit 99.1 to our Registration Statement on Form S-8 (File No. 333-188790) filed with the Securities and Exchange Commission on May 23, 2013, and the forms of Grant Documents under the Plan, which are attached as Exhibit 99.2 to our Registration Statement on Form S-8 (File No. 333-188790) filed with the Securities and Exchange Commission on May 23, 2013.
[Matt Has Great Incentive to Get The Price Up!]
23-Feb-2016
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On February 17, 2016, Alfred E. Mann notified us of his resignation from our Board of Directors, effective immediately. We issued a press release announcing the resignation described above on February 19, 2016.
(e)
Mr. Mann continues to serve as an employee of MannKind Corporation and receives salary at the annual rate of $240,000.
On February 18, 2016, we granted the following stock option to Matthew J. Pfeffer, our chief executive officer, in connection with his promotion to such office on January 10, 2016:
Exercise Price
Name Options Per Share
Matthew J. Pfeffer 604,267 (1) $ 0.92
(1) Twenty-five percent of the shares subject to the option vest one year following the vesting commencement date of January 1, 2016, and thereafter the remaining shares subject to the option vest in equal monthly installments over the following 36 months.
The foregoing stock option was granted under our 2013 Equity Incentive Plan (the "Plan") and is evidenced by a Stock Option Grant Notice and Option Agreement (collectively, the "Grant Documents"), which, together with the Plan, set forth the terms and conditions of the stock option. The foregoing is only a brief description of the material terms of the stock option, does not purport to be complete and is qualified in its entirety by reference to the Plan, attached as Exhibit 99.1 to our Registration Statement on Form S-8 (File No. 333-188790) filed with the Securities and Exchange Commission on May 23, 2013, and the forms of Grant Documents under the Plan, which are attached as Exhibit 99.2 to our Registration Statement on Form S-8 (File No. 333-188790) filed with the Securities and Exchange Commission on May 23, 2013.
[Matt Has Great Incentive to Get The Price Up!]