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Connect Biopharma | 6-K: Report of foreign private issuer (related to financial reporting)

SEC announcement ·  Jun 13 04:52
Summary by Futu AI
Connect Biopharma Holdings Limited has announced significant changes in its executive leadership. On June 10, 2024, Zheng Wei, Ph.D., and Wubin Pan, Ph.D., communicated their intentions to resign from their respective roles as Chief Executive Officer and President of the company, effective June 12, 2024. Both executives are expected to continue serving in a transitional capacity post-resignation. Concurrently, the Board appointed Kleanthis G. Xanthopoulos, Ph.D., as the new Chairperson of the Board. Furthermore, Barry Quart, Pharm.D., with a notable background including leadership roles at Heron Therapeutics and Ardea Biosciences, has been appointed as the new CEO and a member of the Board. David Szekeres, with previous experience at Heron Therapeutics and Regulus Therapeutics, has been named the new President...Show More
Connect Biopharma Holdings Limited has announced significant changes in its executive leadership. On June 10, 2024, Zheng Wei, Ph.D., and Wubin Pan, Ph.D., communicated their intentions to resign from their respective roles as Chief Executive Officer and President of the company, effective June 12, 2024. Both executives are expected to continue serving in a transitional capacity post-resignation. Concurrently, the Board appointed Kleanthis G. Xanthopoulos, Ph.D., as the new Chairperson of the Board. Furthermore, Barry Quart, Pharm.D., with a notable background including leadership roles at Heron Therapeutics and Ardea Biosciences, has been appointed as the new CEO and a member of the Board. David Szekeres, with previous experience at Heron Therapeutics and Regulus Therapeutics, has been named the new President. These appointments coincide with the adoption of the 2024 Employment Inducement Incentive Award Plan, which is designed to provide incentives to new employees under Nasdaq rules. The plan initially reserves 4,500,000 shares for issuance under awards. The company has also entered into employment agreements with Dr. Quart and Mr. Szekeres, detailing their compensation, bonus eligibility, and severance terms.

This announcement is a separate document:

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