UNITED STATES
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CURRENT REPORT
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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 January 17, 2023, the board of directors (the “Board”) of Harmony Biosciences Holdings, Inc. (the “Company”) approved a one-time cash bonus to each of the following named executive officers of the Company in the amounts set forth below to be paid upon the earlier of (i) June 30, 2024 and (ii) the closing of a change in control event for the Company, subject to the named executive officer’s continued employment through such earlier date.
Name | Title | Transition Bonus Amount |
Sandip Kapadia | Chief Financial Officer | $250,000 |
Jeffrey Dierks | Chief Commercial Officer | $250,000 |
Andrew Serafin | Chief Strategy Officer | $125,000 |
The Board also approved (i) a one-time cash performance bonus in the amount of $50,000 to Mr. Dierks, which shall be paid no later than January 31, 2023, subject to his continued employment through the applicable payment date and (ii) an increase of $50,000 to Mr. Dierks’s annual base salary, resulting in a new 2023 base salary of $486,796.
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.
HARMONY BIOSCIENCES HOLDINGS, INC. | ||
Date: January 23, 2023 | By: | /s/ Christian Ulrich |
Christian Ulrich | ||
SVP & General Counsel | ||