Lexicon appoints Jeffrey L. Wade as President, effective Oct 1, 2021; salary increased to $505k

LEXICON PHARMACEUTICALS, INC.

Jeffrey L. Wade, current EVP/CFO, promoted to President effective Oct 1, 2021; reports to CEO Lonnel Coats.
Base salary raised from $475,134 to $505,000; bonus target increased from 40% to 50% of base.
Wade has been with Lexicon since 1999, previously a partner at Andrews & Kurth L.L.P.

item 5.02

Executive movements

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Role change

Jeffrey L. Wade

President

LXRX · LEXICON PHARMACEUTICALS, INC.

Effective: 2021-10-01
Filed: September 9, 2021, 7:59 PM ET

On September 3, 2021, in preparation for the potential commercial launch of sotagliflozin, if approved, and management of future growth of our company, our board of directors appointed Jeffrey L. Wade as president, effective October 1, 2021, continuing to report to Lonnel Coats, who remains our chief executive officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeffrey L. Wade was appointed as President at LEXICON PHARMACEUTICALS, INC..

Action: appointed
Role: President

Exact text from the filing

On September 3, 2021, in preparation for the potential commercial launch of sotagliflozin, if approved, and management of future growth of our company, our board of directors appointed Jeffrey L. Wade as president, effective October 1, 2021, continuing to report to Lonnel Coats, who remains our chief executive officer.

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Source: SEC EDGAR

accession 0001062822-21-000055

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