GRAIL, Inc. Amends Officer and Director Filings
Ticker: GRAL · Form: 8-K/A · Filed: Jul 2, 2024 · CIK: 1699031
Sentiment: neutral
Topics: amendment, officer-departure, director-election, compensation
TL;DR
GRAIL amended its 8-K to clarify exec comp & director changes from June 24.
AI Summary
GRAIL, Inc. filed an 8-K/A on July 2, 2024, to amend its previous filing regarding the departure of certain officers and the election of directors. Specifically, the amendment clarifies information related to compensatory arrangements for certain officers, effective June 24, 2024. The filing does not appear to involve any new financial transactions or significant business changes.
Why It Matters
This amendment to a previous filing clarifies details about executive compensation and board changes, which can be important for understanding corporate governance and potential future executive actions.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing clarifying existing information, not a report of new material events.
Key Players & Entities
- GRAIL, Inc. (company) — Registrant
- June 24, 2024 (date) — Effective date of changes
- July 2, 2024 (date) — Filing date of amendment
FAQ
What specific information is being amended in this 8-K/A filing?
The filing amends previous information regarding the departure of directors or certain officers, the election of directors, and compensatory arrangements of certain officers.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is June 24, 2024.
What is the filing type and accession number for this document?
The filing type is 8-K/A and the accession number is 0001628280-24-030858.
What is GRAIL, Inc.'s IRS Employer Identification No. and SEC File Number?
GRAIL, Inc.'s IRS Employer Identification No. is 86-3673636 and its SEC File Number is 001-42045.
Where is GRAIL, Inc. headquartered?
GRAIL, Inc. is headquartered at 1525 O'Brien Drive, Menlo Park, California 94025.
Filing Stats: 1,026 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2024-07-02 16:49:22
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share GRAL The Nasdaq Global Select
Filing Documents
- gral-20240624.htm (8-K/A) — 33KB
- a101grail-2024incentiveawa.htm (EX-10.1) — 151KB
- a102grail-2024employeestoc.htm (EX-10.2) — 143KB
- a103grail-directorcompensa.htm (EX-10.3) — 25KB
- 0001628280-24-030858.txt ( ) — 549KB
- gral-20240624.xsd (EX-101.SCH) — 2KB
- gral-20240624_lab.xml (EX-101.LAB) — 23KB
- gral-20240624_pre.xml (EX-101.PRE) — 13KB
- gral-20240624_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. Pursuant to the Employee Matters Agreement, dated June 21, 2024, between Illumina, Inc. and the Company (the "Employee Matters Agreement"), in connection with the Distribution, cash-based equity appreciation incentive awards issued by the Company to employees prior to the Distribution were converted into restricted stock units covering the Company's common stock ("Converted Awards") under the 2024 Plan based on the volume weighted average per share price of the Company's common stock on the first four trading days immediately following the Distribution Date, which period ended on June 28th, 2024. As a result, the Converted Awards consist of restricted stock units covering a total of 6,589,187 shares of Company common stock. As previously reported in the Original 8-K, the 2024 Plan became effective on June 21, 2024. As previously disclosed in the Information Statement, the number of shares of Company common stock initially available for issuance under awards granted pursuant to the 2024 Plan is equal to 23% of the fully diluted shares of the Company's common stock outstanding immediately following the Distribution (inclusive of Converted Awards). There are 8,656,817 shares of Company common stock initially available for issuance under awards granted pursuant to the 2024 Plan, subject to adjustments as provided by the 2024 Plan, which number includes shares of Company common stock underlying the Converted Awards. A description of the material terms of the 2024 Plan can be found in the Information Statement under the section entitled "Executive Compensation Arrangements—2024 Equity Incentive Plan" which is incorporated herein by reference. The description is qualified in its entirety by reference to the 2024 Plan, which is filed as Exhibit 10.1 hereto and incorporated herein by reference. As previously reporte
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 GRAIL, Inc. 2024 Incentive Award Plan 10.2 GRAIL, Inc. Employee Stock Purchase Plan 10.3 Non-Employee Director Compensation Program 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, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GRAIL, INC. Date: July 2, 2024 By: /s/ Aaron Freidin Name: Aaron Freidin Title: Chief Financial Officer