Scholar Rock Reports Officer/Director Changes & Comp Arrangements
Ticker: SRRK · Form: 8-K · Filed: Feb 15, 2024 · CIK: 1727196
Sentiment: neutral
Topics: executive-changes, board-changes, compensation, corporate-governance
TL;DR
**Scholar Rock filed an 8-K on Feb 15, signaling executive and board changes, plus new compensation deals.**
AI Summary
Scholar Rock Holding Corp filed an 8-K on February 15, 2024, reporting events concerning the departure or election of directors and certain officers, alongside details regarding compensatory arrangements for specific officers. The filing, under accession number 0001104659-24-024369, indicates potential changes in the company's leadership and executive compensation structure. Specific names, dollar amounts, or detailed arrangements are not provided in this excerpt of the filing.
Why It Matters
Changes in executive leadership and compensation can signal strategic shifts or operational adjustments within a company, potentially impacting investor confidence and future performance. Investors will be keen to understand the specifics of these personnel and pay changes.
Risk Assessment
Risk Level: medium — Changes in key personnel and compensation arrangements can introduce uncertainty, though the impact depends heavily on the specifics not detailed in this excerpt.
Key Players & Entities
- Scholar Rock Holding Corp (company) — Filer of 8-K
- Delaware (company) — State of Incorporation
- February 15, 2024 (date) — Date of earliest event reported
FAQ
What company filed this 8-K?
Scholar Rock Holding Corporation filed this 8-K.
What was the date of the earliest event reported in this filing?
The earliest event reported in this filing occurred on February 15, 2024.
What are the primary items reported in this 8-K?
The primary items reported are 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers'.
What is the state of incorporation for Scholar Rock Holding Corporation?
Scholar Rock Holding Corporation is incorporated in Delaware.
What is the CIK number for Scholar Rock Holding Corporation?
The Central Index Key (CIK) for Scholar Rock Holding Corporation is 0001727196.
Filing Stats: 819 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-02-15 08:57:24
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SRRK The Nasdaq Global Sel
Filing Documents
- tm246269d1_8k.htm (8-K) — 24KB
- tm246269d1_ex99-1.htm (EX-99.1) — 15KB
- 0001104659-24-024369.txt ( ) — 215KB
- srrk-20240215.xsd (EX-101.SCH) — 3KB
- srrk-20240215_lab.xml (EX-101.LAB) — 33KB
- srrk-20240215_pre.xml (EX-101.PRE) — 22KB
- tm246269d1_8k_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 15, 2024, the Board of Directors (the "Board") of Scholar Rock Holding Corporation (the "Company"), upon the recommendation of its Nominating and Corporate Governance Committee, increased the size of the Board to eleven (11) directors and subsequently appointed Katie Peng to join the Board, effective February 15, 2024, filling the vacancy created by the increase in the size of the Board. The Board determined that Ms. Peng is independent under the listing standards of NASDAQ and the Company's corporate governance guidelines. Ms. Peng will serve as a Class II director with a term expiring at the annual meeting of stockholders to be held in 2026. As a non-employee director, Ms. Peng will receive cash compensation and an equity award for her Board service, in accordance with the Company's non-employee director compensation policy, as amended from time to time. Ms. Peng is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K, and there are no arrangements or understandings between Ms. Peng and any other persons pursuant to which she was selected as a director. In addition, Ms. Peng will enter into an indemnification agreement with the Company consistent with the form of the existing indemnification agreement entered into between the Company and its non-employee directors. On February 15, 2024, Amir Nashat informed the Company that he will not stand for reelection as a Class II director at the Company's annual meeting of stockholders in 2024 (the "Annual Meeting"). Mr. Nashat's decision to not stand for reelection was not the result of any disagreement with the Company or any matter relating to the Company's operations, policies or practices. Mr. Nashat will continue to serve as a member of the Board and a member of the Audit Committee of th
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release issued by the Company on February 15, 2024, furnished hereto. 104 Cover Page Interactive Data. 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. Scholar Rock Holding Corporation Date: February 15, 2024 By: /s/ Junlin Ho Junlin Ho General Counsel & Corporate Secretary