secwatch.observer — SEC 8-K summary
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Issuer:     Alector, Inc. (ALEC)
CIK:        0001653087
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001193125-24-073821
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Alector announces director resignation and appointment of two new board members
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- Terry McGuire resigns from Board and all committees effective March 20, 2024; personal reasons, no disagreement.
- Errol De Souza, Ph.D. and Mark Altmeyer appointed to Board on March 19, 2024.
- De Souza as Class II director (term to 2026 annual meeting); Altmeyer as Class III (term to 2024 annual meeting).
- Board size increased to ten then reduced to nine after McGuire's resignation.
- Each new director receives initial equity: option for 19,420 shares and RSU for 41,250 shares, vesting over time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653087/000119312524073821/0001193125-24-073821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653087/000119312524073821/d773925d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-073821

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