Biofrontera appoints Kevin Weber to board; amends Chairman Lübbert's employment, sets $468.5k salary

Biofrontera Inc.

Board increased to five; Kevin D. Weber appointed as Class II director with $35k annual retainer (pro-rated).
Employment agreement amendment for Executive Chairman Hermann Lübbert effective Dec 15, 2021; now full-time.
Lübbert's base salary set at $468,500; cash bonus capped at 65% of base (down from 100%) with 70% minimum achievement.
Catch-up payment to be made for amounts accrued between the effective date and the amendment execution date.

item 5.02 item 9.01

Executive movements

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Appointed

Kevin D. Weber

Class II Director

BFRI · Biofrontera Inc.

Effective: 2022-03-02
Filed: March 8, 2022, 6:59 PM ET

On March 2, 2022, the board of directors (“Board”) of Biofrontera Inc. (the “Company”) voted to increase the size of the Board from four directors to five directors and appointed Kevin D. Weber to fill the vacancy resulting from such increase.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin D. Weber was appointed as Class II Director at Biofrontera Inc..

Action: appointed
Role: Class II Director

Exact text from the filing

On March 2, 2022, the board of directors (“Board”) of Biofrontera Inc. (the “Company”) voted to increase the size of the Board from four directors to five directors and appointed Kevin D. Weber to fill the vacancy resulting from such increase.

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Biofrontera Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-006300

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