CEO Levy gets $375K salary, 150K options; McGuire named CFO

NEXGEL, INC.

Adam Levy's 2025 employment agreement: base salary $375K (up $50K), 26,116 shares grant, 150K stock options at $3.829.
Joseph McGuire appointed CFO effective Jan 1, 2025; salary $200K, 100K stock options at $3.829.
Prior CFO Adam Drapczuk resigns effective Jan 1, 2025; will remain as consultant.
Levy's option vests 37,500 shares annually over 4 years; McGuire's vests over September 2025 and monthly thereafter.
Levy eligible for performance bonuses tied to EBITDA and stock price thresholds up to $75K cash and 115K shares.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

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Appointed

Joseph F. McGuire

Chief Financial Officer

NXGL · NEXGEL, INC.

Filed: January 6, 2025, 6:59 PM ET

Joseph F. McGuire Appointment as Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph F. McGuire was appointed as Chief Financial Officer at NEXGEL, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Joseph F. McGuire Appointment as Chief Financial Officer

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NEXGEL, INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-001000

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