Corvus Pharmaceuticals Inc. filed SEC Form 8-K: Leadership Update
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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. |
On April 8, 2025, the Board of Directors (the “Board”) of Corvus Pharmaceuticals, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee (the “Nominating Committee”), appointed Richard van den Broek to the Board. Mr. van den Broek was appointed as a Class II director with a term expiring at the 2027 annual meeting of stockholders and until his successor is elected and qualified, or until his earlier death, resignation or removal. Mr. van den Broek was also appointed to the Audit Committee of the Board (the “Audit Committee”) and the Nominating Committee, effective April 8, 2025.
Pursuant to the Company’s non-employee director compensation program, as a non-employee director, Mr. van den Broek will receive (i) a $35,000 annual retainer for his service on the Board, earned on a quarterly basis and prorated for the remainder of the current calendar quarter and (ii) an automatic initial grant of a stock option to purchase 30,000 shares of Common Stock under the Company’s 2016 Equity Incentive Award Plan. Mr. van den Broek will receive additional annual cash compensation of $10,000 for his service as a member of the Audit Committee and an additional annual cash compensation of $4,000 for his service as a member of the Nominating Committee, both earned on a quarterly basis and prorated for the remainder of the current calendar quarter. Mr. van den Broek will also be eligible for subsequent equity awards in accordance with the Company’s non-employee director compensation program.
The foregoing description is qualified in its entirety by reference to the text of the Company’s non-employee director compensation program, the form of which was filed as Exhibit 10.12 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2025.
In addition, Mr. van den Broek will enter into the Company’s standard indemnification agreement for directors and executive officers, the form of which was filed as Exhibit 10.6 to the Company’s Annual Report on Form 10-K filed with the SEC on March 25, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CORVUS PHARMACEUTICALS, INC. | |||
| Date: April 9, 2025 | By: | /s/ Leiv Lea | |
| Leiv Lea | |||
| Chief Financial Officer | |||