---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-000656"
form_type: "8-K"
ticker: "CLNN"
cik: "0001822791"
company_name: "Clene Inc."
filed_at: "2022-02-02T23:59:59+00:00"
generated_at: "2026-06-27T12:29:37.373946+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-000656
- form_type: 8-K
- ticker: CLNN
- cik: 0001822791
- company_name: Clene Inc.
- filed_at: 2022-02-02T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822791/000095017022000656/0000950170-22-000656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822791/000095017022000656/clnn-20220201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-000656
- JSON: https://secwatch.observer/filing/0000950170-22-000656.json
- Plain text: https://secwatch.observer/filing/0000950170-22-000656.txt

## Key facts
- Executive change
  Morgan Brown was appointed as Chief Financial Officer at Clene Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822791/000095017022000656/0000950170-22-000656-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.