Clene appoints Morgan Brown as CFO, new employment agreements for CEO and CMO

Clene Inc.

Morgan Brown appointed CFO effective Feb 1, 2022; base salary $375k, bonus target 40%.
Outgoing CFO Ted Jeong to consult through Dec 2022; receives $20k consulting fee, $80k bonus, and stock option vesting.
CEO Robert Etherington enters new agreement: base salary $560k, bonus target 50%.
CMO Robert Glanzman amends agreement: base salary $410k, bonus target 40%.
Brown brings experience from Lipocine, Innovus, World Heart, and over $1B in financings.

item 5.02 item 9.01

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Appointed

Morgan Brown

Chief Financial Officer

CLNN · Clene Inc.

Effective: 2022-02-01
Filed: February 2, 2022, 6:59 PM ET

On February 1, 2022, Clene Inc. (the “Company”) announced the hiring and appointment of Morgan Brown as its Chief Financial Officer, effective February 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Morgan Brown was appointed as Chief Financial Officer at Clene Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On February 1, 2022, Clene Inc. (the “Company”) announced the hiring and appointment of Morgan Brown as its Chief Financial Officer, effective February 1, 2022.

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Clene Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-000656

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