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COHBAR, INC.
FORM 8-K
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 14, 2021, the board of directors (the “Board”) of CohBar, Inc. (the “Company”) appointed Joanne Yun to serve as director of the Company, effective immediately.
Dr. Yun has over 30 years of experience in board and executive level positions in the medical industry with global pharmaceutical and biotechnology companies. She is a partner at Egon Zehnder International, a leadership advisory firm and is currently a member of the firm’s Health Practice, where she leads their Research & Development segment. Prior to joining Egon Zehnder in June 2007, Dr. Yun served as a director in the Global Oncology Business Unit for Bayer HealthCare Pharmaceuticals from April 2001 to April 2007, with responsibility for oncology program management and new product planning. Dr. Yun started her career in February 1998 with Bayer AG and continued there until March 2001 in various research management roles. Dr. Yun earned a bachelor’s degree in chemistry and French from Amherst College and a Ph.D. in chemistry from the Massachusetts Institute of Technology. She was a National Institutes of Health Postdoctoral Fellow at The Scripps Research Institute and is a member of the American Society of Clinical Oncology, the American Society of Hematology, and the American Chemical Society.
In connection with her appointment as a member of the Board, Dr. Yun was granted stock options to purchase 200,000 shares of the Company’s common stock, at an exercise price of $1.18 per share (the “Option”). The Option will vest and become exercisable in equal monthly installments over a period of four years based on Dr. Yun’s continued service to the Company during the vesting period. Dr. Yun will also receive annual cash compensation of $60,000 in consideration of her service as a director.
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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.
COHBAR, INC. | |||
(Registrant) | |||
September 15, 2021 | By: | /s/ Jeffrey F. Biunno | |
(Date) | Jeffrey F. Biunno | ||
Chief Financial Officer |
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