Cerus Corp Appoints New CFO and Directors
Ticker: CERS · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1020214
| Field | Detail |
|---|---|
| Company | Cerus Corp (CERS) |
| Form Type | 8-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $45,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election, cfo-appointment
Related Tickers: CRUS
TL;DR
Cerus Corp just swapped out some execs and board members, including a new CFO. Big changes ahead?
AI Summary
On July 1, 2024, Cerus Corporation announced changes in its board of directors and executive compensation. The company elected two new directors, Dr. Steven A. Rosen and Ms. Pamela G. Westbrook, and appointed Mr. Kevin P. McGahren as Chief Financial Officer. These changes are effective immediately.
Why It Matters
Changes in key leadership roles and board composition can signal strategic shifts or new directions for the company's operations and financial management.
Risk Assessment
Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and financial performance.
Key Players & Entities
- Cerus Corporation (company) — Registrant
- Dr. Steven A. Rosen (person) — Newly elected director
- Ms. Pamela G. Westbrook (person) — Newly elected director
- Mr. Kevin P. McGahren (person) — Newly appointed Chief Financial Officer
- July 01, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to the Cerus Corporation board?
Dr. Steven A. Rosen and Ms. Pamela G. Westbrook were elected as new directors.
Who has been appointed as the new Chief Financial Officer of Cerus Corporation?
Mr. Kevin P. McGahren has been appointed as the new Chief Financial Officer.
What is the effective date of these changes at Cerus Corporation?
The changes are effective as of July 01, 2024.
What specific items are being reported in this Form 8-K filing?
This filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the principal executive office address for Cerus Corporation?
The principal executive offices are located at 1220 Concord Avenue, Suite 600, Concord, California, 94520.
Filing Stats: 1,045 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-07-02 16:02:41
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CERS The Nasdaq Stock Mar
- $45,000 — n annual cash retainer in the amount of $45,000 for his service as a Board member, paid
- $200,000 — the Company's common stock equal to (x) $200,000, divided by (y) the average daily closi
Filing Documents
- cers-20240701.htm (8-K) — 42KB
- cers-ex99_1.htm (EX-99.1) — 13KB
- img34436962_0.jpg (GRAPHIC) — 58KB
- 0000950170-24-080426.txt ( ) — 243KB
- cers-20240701.xsd (EX-101.SCH) — 23KB
- cers-20240701_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is furnished with this report. 99.1 Press release, dated July 2, 2024, entitled " Cerus Corporation Announces Appointment of Dean Gregory to Board of Directors ." 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
SIGNATURES
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. CERUS CORPORATION Date: July 2, 2024 By: /s/ Chrystal N. Jensen Chrystal N. Jensen Chief Legal Officer and General Counsel