Seer 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. |
On September 2, 2025, the board of directors (the “Board”) of Seer, Inc. (the “Company”) appointed Isaac Ro to the Board to serve until the Company’s next annual meeting of stockholders and until his successor is elected and qualified or until his earlier death, resignation or removal. In connection with his appointment, Mr. Ro was also appointed as a member of the Audit Committee of the Board and as the “audit committee financial expert” within the meaning of Item 407(d)(5)(ii) of Regulation S-K and, accordingly, he also satisfies the financial sophistication requirement in the listing rules of The Nasdaq Stock Market LLC (the “Nasdaq Listing Rules”). The Company believes that Mr. Ro’s appointment resolves any potential non-compliance with the applicable Nasdaq Listing Rules.
In accordance with the Company’s outside director compensation policy (the “Policy”), Mr. Ro will receive annual cash compensation in accordance with the Policy for his service on the Board and on those committees of the Board on which he serves. In addition, in accordance with the Policy, on September 2, 2025, Mr. Ro was automatically granted an initial award of a stock option to purchase 61,000 shares of the Company’s common stock and an award of restricted stock units covering 41,000 shares of the Company’s common stock (collectively, the “Initial Award”). The Initial Award is scheduled to vest in three equal annual installments following Mr. Ro’s start date, on the same day of the month as the start date, subject to continued services to the Company through the applicable vesting dates. The Initial Award to Mr. Ro was granted under and subject to the terms of the Company’s 2020 Equity Incentive Plan. Furthermore, Mr. Ro will be eligible to receive automatic awards of a stock option and restricted stock units on the date of each of the Company’s annual meeting of stockholders, subject to continued service on such dates. The Policy provides that each equity award granted to Mr. Ro while serving as a non-employee director will vest in full as of immediately prior to a change in control, provided such individual continue to be a non-employee director through the date of such change in control.
Mr. Ro also entered into the Company’s standard form of indemnification agreement, a copy of which has been filed as Exhibit 10.1 to the Company’s Registration Statement on Form S-1 (File No. 333-250035) filed with the Securities and Exchange Commission on November 12, 2020.
There is no arrangement or understanding between Mr. Ro and any other persons pursuant to which Mr. Ro was elected as a director. In addition, Mr. Ro is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K.
On September 2, 2025, the Company issued a press release announcing the appointment of Mr. Ro as a director. The press release is attached hereto as Exhibit 99.1.
Item 9.01 |
Financial Statements and Exhibits. |
Exhibit No. |
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Description |
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Press Release dated September 2, 2025. |
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104 |
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Cover Page from this Current Report on Form 8-K, formatted in Inline XBRL. |
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.
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SEER, INC. |
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Date: September 5, 2025 |
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By: |
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/s/ David Horn |
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David Horn |
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President and Chief Financial Officer |