8-K
filed June 27, 2023, 7:59 PM ET
CIK 0001117480
leadership
confidence high
sentiment neutral
materiality 0.65
Chimerix CEO Michael Sherman to retire Aug 1; Michael Andriole named President & CEO, becomes Board Chair
CHIMERIX INC
- Michael Sherman to retire as President and CEO as of Aug 1, 2023; will become Chair of Board.
- Michael Andriole, previously Chief Business Officer and CFO, promoted to President and CEO, effective same date.
- Andriole's compensation: $600k base salary, 150,000 share option (4yr vest), 25,000 RSUs (4yr vest), 55% target bonus.
- Martha Demski transitions from Board Chair to Lead Independent Director.
- Sherman and Demski each receive $35k annual retainer for their new board roles in addition to $40k board retainer.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Sherman was appointed as Chair of the Board at CHIMERIX INC.
- Action
- appointed
- Role
- Chair of the Board
Exact text from the filing
the Board appointed Mr. Sherman as Chair of the Board to succeed Martha J. Demski in that role
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Andriole was appointed as Class I Director at CHIMERIX INC.
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
the Board appointed Mr. Andriole to serve as a Class I director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Andriole was appointed as President and Chief Executive Officer at CHIMERIX INC.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
the Board of Directors (the “Board”) of the Company had appointed Michael Andriole, age 50, to succeed Mr. Sherman as the Company’s President and Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Sherman retired as President and Chief Executive Officer at CHIMERIX INC.
- Action
- retired
- Role
- President and Chief Executive Officer
Exact text from the filing
Michael Sherman intends to retire as the Company’s President and Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martha J. Demski was appointed as Lead Independent Director at CHIMERIX INC.
- Action
- appointed
- Role
- Lead Independent Director
Exact text from the filing
appointed Ms. Demski to serve as Lead Independent Director
View on SEC.gov
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