Alpha Cognition Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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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.
Departure of John Havens
On April 7, 2025, John Havens informed Alpha Cognition Inc. (the “Company’) of his intention not to run for re-election to the Board of Directors (the “Board”) of the Company at the Company’s annual meeting of stockholders in 2025. Mr. Havens’ decision was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Appointment of Robert Wills
On April 7, 2025, the Board appointed Robert Wills, Ph.D., (“Dr. Wills”) to the Board and Governance and Nominating Committee, effective April 7, 2025.
Dr. Wills brings decades of experience in the pharmaceutical and biotechnology industries, with a distinguished career in drug development, corporate strategy, and executive leadership. Dr. Wills joins the Board with over four decades of experience as a leader in the pharmaceutical industry. Dr Wills serves as Chairman of the Board of Milestone Pharmaceuticals, Inc. (Nasdaq: MIST), serves on as a board member at Parion Sciences, Inc., and a board member at Oncternal Therapeutics (Nasdaq: ONCT). Dr Wills previously served as the Chairman of the Board of CymaBay Therapeutics (Nasdaq: CBAY) prior to the acquisition by Gilead Sciences, Inc. in March 2024, and served as Executive Chairman of GTx, Inc. from 2015-2019. Prior to that he spent over 25 years at Johnson & Johnson. His roles included Vice President, Alliance Management, Janssen Pharmaceutical Companies of Johnson & Johnson and as Senior Vice President Global Development, where he was responsible for the R&D pipeline and a member of the R&D Board of Directors. Dr. Wills holds a B.S. in Biochemistry and a M.S. in Pharmaceutics from the University of Wisconsin and a Ph.D. in Pharmaceutics from the University of Texas.
Dr. Wills will receive an annual base salary of $40,000 as a member of the Board and $5,000 annually for his service on the Company’s Governance and Nominating Committee, in accordance with the Company’s non-employee director compensation policy.
In addition to his retainer and Governance Committee compensation, Dr. Wills received an initial grant of 35,575 stock options to purchase shares of the Company’s common stock at an exercise price of $4.83 per share (the “Stock Options”). The options will vest over 24 months, with 12.5% vesting on the grant date and remainder to vest 12.5% per quarter thereafter. Dr. Wills’ Stock Options were granted pursuant to the Company’s 2023 Stock Option Plan.
There is no arrangement or understanding between Dr. Wills and any other persons pursuant to which Dr. Wills was elected as a director. There is no family relationship between Dr. Wills and any director or executive officer of the Company, and except as stated herein, Dr. Wills does not have any direct or indirect material interest in any transaction with the Company or its subsidiaries of the type required to be disclosed pursuant to Item 404(a) of Regulation S-K, and no such transaction is currently contemplated.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit Number | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| ALPHA COGNITION INC. | ||
| By: | /s/ Michael McFadden | |
| Michael McFadden | ||
| Chief Executive Officer | ||
| Dated: April 10, 2025 | ||