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    PLUS THERAPEUTICS Inc. filed SEC Form 8-K: Leadership Update

    2/13/26 4:09:33 PM ET
    $PSTV
    Medical/Dental Instruments
    Health Care
    Get the next $PSTV alert in real time by email
    8-K
    0001095981false00010959812026-02-092026-02-09

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): February 9, 2026

     

     

    PLUS THERAPEUTICS, INC.

    (Exact name of Registrant as Specified in Its Charter)

     

     

    Delaware

    001-34375

    33-0827593

    (State or Other Jurisdiction
    of Incorporation)

    (Commission File Number)

    (IRS Employer
    Identification No.)

     

     

     

     

     

    6420 LEVIT GREEN BOULEVARD

    Suite 310

     

    Houston, Texas

     

    77021

    (Address of Principal Executive Offices)

     

    (Zip Code)

     

    Registrant’s Telephone Number, Including Area Code: (737) 255-7194

     

     

    (Former Name or Former Address, if Changed Since Last Report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:


    Title of each class

     

    Trading
    Symbol(s)

     


    Name of each exchange on which registered

    Common Stock, par value $0.001 per share

     

    PSTV

     

    The Nasdaq Capital Market

    Indicate by check mark whether the registrant is an emerging growth company 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 January 9, 2026, Plus Therapeutics, Inc. (the “Company”) filed a Registration Statement on Form S-1 (File No. 333-292637) with the Securities and Exchange Commission (as amended, the “Registration Statement”). Pursuant to Instruction 1 to Item 402(c)(2)(iii) and (iv) of Regulation S-K, the “Summary Compensation Table for 2025 and 2024” included in the Registration Statement noted that the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) had not yet determined the amount of discretionary cash bonuses payable to the Company’s principal executive officer and up to two of the most highly compensated executive officers other than the principal executive officer (the “Named Executive Officers”) for the fiscal year ended December 31, 2025 (“Fiscal Year 2025”), and that the amounts of such discretionary cash bonuses would be disclosed in a Current Report on Form 8-K under Item 5.02(f) once the amounts are determined.

     

    On February 9, 2026, the Compensation Committee approved discretionary cash bonuses payable to the Named Executive Officers for Fiscal Year 2025. In accordance with Item 5.02(f) of Form 8-K, set forth below is an updated “Summary Compensation Table for 2025 and 2024”, which includes the amount of discretionary cash bonuses payable to the Named Executive Officers for Fiscal Year 2025, as well as the total compensation figures for the Company’s Named Executive Officers for Fiscal Year 2025.

     

    NEO

    Year

    Salary
    ($)

    Option
    Awards
    ($)(1)

    Restricted
    Stock
    Awards
    ($)
    (1)

    Non-Equity
    Incentive Plan
    Compensation
    ($)

    All Other
    Compensation
    ($)(2)

    Total
    ($)

    Marc H. Hedrick, M.D.

    President and Chief Executive Officer

    2025

    585,000

    3,531,841

    1,100,647

    305,663 

    43,581

    5,566,732

    2024

    556,400

    335,348

    — 

    321,321

    47,216

    1,260,285

     

     

     

     

     

     

     

     

    Andrew Sims

    Chief Financial Officer

    2025

    390,000

    810,388

    264,154

    149,175 

    17,562

    1,631,279

    2024

    372,750

    74,758

    — 

    156,555

    17,053

    621,116

     

     

     

     

     

     

     

     

    Norman LaFrance, M.D.(3)

    Former Chief Medical Officer

    2025

    — 

    — 

    — 

    — 

    — 

    — 

    2024

    258,446

    — 

    — 

    — 

    27,466

    285,912

    (1)
    The amounts in this column reflect the aggregate grant date fair value of share-based awards granted to our NEOs during the years indicated. In accordance with SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions computed in accordance with ASC Topic 718.
    (2)
    This column includes standard benefits, including a 401K match, and health and life insurance premiums.
    (3)
    On June 11, 2024, Dr. LaFrance stepped down from his position as the Company’s Chief Medical Officer.
     

     


     

    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.

     

     

     

    PLUS THERAPEUTICS, INC.

     

     

     

     

    Date:

    February 13, 2026

    By:

    /s/ Marc H. Hedrick, M.D.

     

     

     

    Marc H. Hedrick, M.D.
    President and Chief Executive Officer

     

     


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