secwatch.observer — SEC 8-K summary
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Issuer:     Biofrontera Inc. (BFRI)
CIK:        0001858685
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001493152-22-006300
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1858685/000149315222006300/0001493152-22-006300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1858685/000149315222006300/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006300

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