NeuroBo appoints Gil Price as CEO; Richard Kang resigns with $150k severance

MetaVia Inc.

CEO Richard Kang resigned Nov 3, 2021; remains on Board and will consult for up to one year at $10,000/month.
Kang receives $150,000 severance, $130,680 prorated 2021 bonus, and up to 12 months COBRA reimbursement.
Gil Price appointed CEO, President, Principal Executive and Financial Officer; base salary $400,000, target bonus 50%.
Board adopted 2021 Inducement Plan, reserving 1,000,000 shares for equity grants to new hires without stockholder approval.
Price granted inducement option for 616,666 shares at $2.04 (closing price Nov 3, 2021); vests over two years.

item 5.02 item 7.01 item 8.01 item 9.01

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Departed

Richard Kang

Chief Executive Officer and President

MTVA · MetaVia Inc.

Effective: 2021-11-03
Filed: November 4, 2021, 7:59 PM ET

Richard Kang, Ph.D. resigned from his positions as Chief Executive Officer and President of the Company, effective as of November 3, 2021

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Kang resigned as Chief Executive Officer and President at MetaVia Inc..

Action: resigned
Role: Chief Executive Officer and President

Exact text from the filing

Richard Kang, Ph.D. resigned from his positions as Chief Executive Officer and President of the Company, effective as of November 3, 2021

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MetaVia Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-134050

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