leadership
confidence high
sentiment neutral
materiality 0.50
Director Peter Cuneo reclassified to Class I; to become consultant after 2025 board term
electroCore, Inc.
- F. Peter Cuneo resigned as Class III director and reappointed as Class I director, term expiring at 2025 Annual Meeting.
- He will not stand for reelection at 2025 meeting and will then serve as consultant to CEO for one year.
- Granted option to purchase 50,000 shares at $6.43/share, vesting monthly over 12 months.
- Consulting fee: $500/hour or $3,000/day for days over 6 hours; expenses reimbursed.
- Change is not due to any disagreement; Chairman role continues until 2025 meeting.