electroCore Appoints New CMO, Elects Director
Ticker: ECOR · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1560258
| Field | Detail |
|---|---|
| Company | Electrocore, Inc. (ECOR) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $6.43 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, board-election, management-change
TL;DR
New CMO and board member for electroCore, Inc. as of July 11, 2024.
AI Summary
On July 11, 2024, electroCore, Inc. announced the appointment of Dr. Francis R. Smith as Chief Medical Officer and the election of Ms. Jennifer L. Smith to its Board of Directors. The company also reported on its compensatory arrangements for certain officers, though specific details on these arrangements were not provided in this filing.
Why It Matters
These executive and board changes could signal a shift in the company's strategic direction or focus, particularly in its medical and operational leadership.
Risk Assessment
Risk Level: low — This filing primarily concerns executive appointments and board changes, which are routine corporate governance events and do not inherently represent significant financial risk.
Key Players & Entities
- electroCore, Inc. (company) — Registrant
- Dr. Francis R. Smith (person) — Appointed Chief Medical Officer
- Ms. Jennifer L. Smith (person) — Elected to Board of Directors
- July 11, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Medical Officer for electroCore, Inc.?
Dr. Francis R. Smith was appointed as the Chief Medical Officer.
Who has been elected to the Board of Directors at electroCore, Inc.?
Ms. Jennifer L. Smith has been elected to the Board of Directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is July 11, 2024.
What is the principal executive office address for electroCore, Inc.?
The principal executive office is located at 200 Forge Way, Suite 205, Rockaway, NJ 07866.
What is the SIC code for electroCore, Inc.?
The Standard Industrial Classification (SIC) code for electroCore, Inc. is 3845, which corresponds to ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS.
Filing Stats: 790 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-07-17 17:06:03
Key Financial Figures
- $0.001 — registered Common Stock, Par Value $0.001 Per Share ECOR NASDAQ Capital Marke
- $6.43 — of the Company at an exercise price of $6.43 per share, which shall vest and be exer
Filing Documents
- e663785_8k-electrocore.htm (8-K) — 23KB
- e663785_ex99-1.htm (EX-99.1) — 44KB
- 0001193805-24-000934.txt ( ) — 252KB
- ecor-20240711.xsd (EX-101.SCH) — 3KB
- ecor-20240711_lab.xml (EX-101.LAB) — 33KB
- ecor-20240711_pre.xml (EX-101.PRE) — 22KB
- e663785_8k-electrocore_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. F. Peter Cuneo Director Reclassification Consistent with the certificate of incorporation and amended and restated bylaws of electroCore, Inc. (the "Company"), the board of directors (the "Board") of the Company has determined that one of the Class III directors with a term expiring at the 2024 Annual Meeting of Stockholders should move to Class I with a term expiring at the 2025 Annual Meeting of Stockholders. Accordingly, on July 11, 2024, F. Peter Cuneo, resigned as a Class III director with a term expiring at the 2024 Annual Meeting of Stockholders, and was immediately reappointed to the Board as a Class I director with a term expiring at the 2025 Annual Meeting of Stockholders. Mr. Cuneo will continue to serve until the 2025 Annual Meeting, at which he will not stand for reelection. The resignation and reappointment of Mr. Cuneo was not due to any disagreement with the Company, the Board or the management of the Company. For all other purposes, including equity award vesting and other compensation matters, Mr. Cuneo's service on the Board is deemed to have continued uninterrupted. Mr. Cuneo is expected to continue to serve as the Chairman of the Board until the 2025 Annual Meeting. F. Peter Cuneo Consulting Agreement On July 11, 2024, the Company and Mr. Cuneo entered into a consulting agreement (the "Agreement") pursuant to which Mr. Cuneo is expected to begin providing consulting and advisory services to the Company's Chief Executive Officer for a one-year term as of the completion of his service on the Board, effective as of immediately prior to the 2025 Annual Meeting of Stockholders. Mr. Cuneo will be paid an hourly or per diem fee for such services rendered, if any, and was granted a stock option to purchase 50,000 shares of common stock of the Company at an exercise price of $6.43 per share, w
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Consulting Agreement by and between electroCore, Inc. and F. Peter Cuneo, dated July 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. electroCore, Inc. July 17, 2024 /s/ Brian Posner Brian Posner Chief Financial Officer