CEO John Bencich departs; Richard Stewart named CEO, Thomas King Executive Chairman

ACHIEVE LIFE SCIENCES, INC.

John Bencich removed as CEO effective Aug 21, 2024; receives lump-sum severance of 18-month base salary and accelerated equity vesting.
Richard Stewart, previously Executive Chairman, appointed CEO effective Aug 21; base salary $615K, annual bonus up to 50%, 157,500 performance RSUs and 67,500 stock options.
Thomas King appointed Executive Chairman; base salary $495K, option for 195,000 shares, 455,000 performance RSUs.
King steps down from Compensation, Audit, and Nominating committees; Thomas Sellig appointed Compensation Committee Chair.

item 5.02 item 8.01

Executive movements

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Role change

Richard Stewart

Chief Executive Officer

ACHV · ACHIEVE LIFE SCIENCES, INC.

Effective: 2024-08-21
Filed: August 26, 2024, 7:59 PM ET

the Board of Directors of the Company (the “ Board ”) appointed Richard Stewart as the Company’s Chief Executive Officer, “principal executive officer” and “principal financial officer.”

Departed

John Bencich

Chief Executive Officer

ACHV · ACHIEVE LIFE SCIENCES, INC.

Effective: 2024-08-21
Successor: Richard Stewart
Filed: August 26, 2024, 7:59 PM ET

determined that John Bencich will no longer serve as the Company’s Chief Executive Officer, “principal executive officer” or “principal financial officer,” effective as of August 21, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Stewart was appointed as Chief Executive Officer at ACHIEVE LIFE SCIENCES, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board of Directors of the Company (the “ Board ”) appointed Richard Stewart as the Company’s Chief Executive Officer, “principal executive officer” and “principal financial officer.”

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Bencich resigned as Chief Executive Officer at ACHIEVE LIFE SCIENCES, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

determined that John Bencich will no longer serve as the Company’s Chief Executive Officer, “principal executive officer” or “principal financial officer,” effective as of August 21, 2024

View on SEC.gov

ACHIEVE LIFE SCIENCES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-207129

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