Longeveron 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 August 27, 2025, Longeveron Inc. (the “Company”) and Wa’el Hashad, Chief Executive Officer, determined that Mr. Hashad would step down from his role as Chief Executive Officer and member of the Company’s Board of Directors (the “Board”), effective immediately, so as to allow Mr. Hashad to pursue other opportunities. In connection with Mr. Hashad’s departure, the Board has appointed Than Powell, the Company’s current Chief Business Officer and head of business development, to serve as interim Chief Executive Officer, effective September 4, 2025, and until such time as a permanent successor has been identified.
Further, the Board has appointed Dr. Joshua Hare, the Company’s founder, Chief Science Officer and current Board Chair, as Executive Chairman of the Board.
Mr. Powell, age 47, has over 25 years of pharmaceutical and biotech leadership across multiple industry-leading organizations, including GSK and Eli Lilly. Prior to Longeveron, Mr. Powell led Corporate Development & Strategy for Surescripts, ultimately resulting in the company’s acquisition by TPG. Before that role, Mr. Powell was founder and CEO of Epulate, a venture-backed health technology company focused on Transplant Immunology. Mr. Powell holds a Bachelor of Arts in Economics from DePauw University and a Master of Business Administration from Stanford University, Graduate School of Business. In the role of interim Chief Executive Officer, Mr. Powell will be entitled to receive a base salary of $500,000, potential prorated target bonus payments at 60% of base salary, and an equity grant consisting of restricted stock units and stock options, subject to vesting.
There are no arrangements or understandings between Mr. Powell and any other person pursuant to which he was selected as an officer. Mr. Powell has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
9.01 Financial Statements and Exhibits
(d) Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
| Exhibit No. | Description | |
| 99.1 | Press Release dated September 3, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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.
| LONGEVERON INC. | ||
| Date: September 3, 2025 | /s/ Lisa Locklear | |
| Name: | Lisa Locklear | |
| Title: | Chief Financial Officer | |
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