BioCryst Pharmaceuticals Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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On April 30, 2025, the Board of Directors (the “Board”) of BioCryst Pharmaceuticals, Inc. (the “Company”) approved an increase in the size of the Board from ten to eleven directors and elected Steven Frank to fill the vacancy created by the enlargement of the Board, effective May 2, 2025 (the “Effective Date”). Mr. Frank’s initial term will expire at the Company’s annual meeting of stockholders in 2027.
Pursuant to the Company’s Stock Incentive Plan and in accordance with the Company’s amended and restated director compensation policy, Mr. Frank will receive an initial equity grant equal to $500,000 upon joining the Board, prorated based on the Effective Date of his appointment relative to the Company’s annual meeting of stockholders on June 12, 2025 (the “2025 Annual Meeting”) and payable 60% in stock options and 40% in restricted stock units. He will also receive compensation consistent with the Company’s amended and restated director compensation policy as described in the Company’s proxy statement for its 2025 Annual Meeting.
Mr. Frank has no direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K and there are no arrangements or understandings pursuant to which he was selected as a director. He will not initially serve on any committees of the Board.
On May 1, 2025, the Company issued a press release announcing the addition of Mr. Frank to the Board. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press release dated May 1, 2025 entitled “BioCryst Appoints Steve Frank to Board of Directors” | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| BioCryst Pharmaceuticals, Inc. | ||
| Date: May 1, 2025 | By: | /s/ Alane Barnes |
| Alane Barnes | ||
| Chief Legal Officer | ||