Scholar Rock names Jay Backstrom as CEO; founder Mahanthappa to exit Oct 20

Scholar Rock Holding Corp

Jay Backstrom appointed CEO-Elect Sept 20; assumes President & CEO and board seat Oct 20, 2022.
Founding CEO Nagesh Mahanthappa resigns as Interim CEO and President effective Oct 20; role as strategic advisor.
Backstrom gets $600K base salary, 60% bonus target, and inducement option for 1,000,000 shares.
Backstrom previously EVP R&D at Acceleron (acquired by Merck); led TGFβ therapies REBLOZYL and sotatercept.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Nagesh Mahanthappa

Interim Chief Executive Officer and President

SRRK · Scholar Rock Holding Corp

Effective: 2022-10-20
Successor: Jay Backstrom
Filed: September 20, 2022, 7:59 PM ET

Nagesh Mahanthappa was resigning as the Company’s Interim Chief Executive Officer and President and as a member of the Board.

Appointed

Jay Backstrom

President & Chief Executive Officer

SRRK · Scholar Rock Holding Corp

Effective: 2022-10-20
Filed: September 20, 2022, 7:59 PM ET

appointed Dr. Jay Backstrom as Chief Executive Officer-Elect effective as of September 20, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nagesh Mahanthappa departed as Interim Chief Executive Officer and President at Scholar Rock Holding Corp.

Action: resigning
Role: Interim Chief Executive Officer and President

Exact text from the filing

Nagesh Mahanthappa was resigning as the Company’s Interim Chief Executive Officer and President and as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Backstrom was appointed as President & Chief Executive Officer at Scholar Rock Holding Corp.

Action: appointed
Role: President & Chief Executive Officer

Exact text from the filing

appointed Dr. Jay Backstrom as Chief Executive Officer-Elect effective as of September 20, 2022.

View on SEC.gov

Scholar Rock Holding Corp filing history →

Source: SEC EDGAR

accession 0001104659-22-101344

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