SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 2, 2020 (May 27, 2020)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|(SEC File Number)|| |
|1111 Main Street, Suite 660 Vancouver, Washington||98660|
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (360) 980-8524
(Former name or former address, if changed since last report.)
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 27, 2020, the Board of Directors (the Board) of CytoDyn Inc. (the Company) promoted current interim Chief Financial Officer Michael D. Mulholland to Chief Financial Officer. Mr. Mulholland was appointed interim Chief Financial officer on April 23, 2020 upon the departure of the former Chief Financial Officer Craig S. Eastwood. Mr. Mulholland joined the Company in December 2012 and served as Chief Financial Officer, Treasurer and Corporate Secretary until November 2019, when he assumed the position of SVP-Finance and Executive Advisor to the CEO.
On May 27, 2020, the Compensation Committee of the Board set the annual base salaries for the Chief Executive Officer, Nader Pourhassan, Ph.D., at $1,000,000 and Chief Financial Officer, Mr. Mulholland, at $425,000, effective June 1, 2020.
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.
June 2, 2020
/s/ Michael D. Mulholland
Name: Michael D. Mulholland
Title: Chief Financial Officer