---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012106"
form_type: "8-K"
ticker: "CAPR"
cik: "0001133869"
company_name: "CAPRICOR THERAPEUTICS, INC."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:01:52.410573+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Capricor expands board to 8, appoints former Novartis BD executive Philip Gotwals

## Summary
- Board increased from 7 to 8 directors; Philip Gotwals, Ph.D. elected effective July 21, 2023.
- Gotwals brings nearly 30 years biotech experience, most recently Global Head of BD at Novartis.
- Received initial grant of nonstatutory stock option to purchase 115,000 shares, vesting over 4 years.
- Will not initially serve on any committee; standard indemnification agreement.

## SEC filing metadata
- accession: 0001558370-23-012106
- form_type: 8-K
- ticker: CAPR
- cik: 0001133869
- company_name: CAPRICOR THERAPEUTICS, INC.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133869/000155837023012106/0001558370-23-012106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133869/000155837023012106/capr-20230721x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012106
- JSON: https://secwatch.observer/filing/0001558370-23-012106.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012106.txt

## Key facts
- Executive change
  Philip Gotwals was elected as Director at CAPRICOR THERAPEUTICS, INC..
  - Action: elected
  - Role: Director
  source text: approved an increase of the size of the Board from seven to eight directors, and elected Philip Gotwals, Ph.D. as a member of the Board to fill the newly created vacancy, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133869/000155837023012106/0001558370-23-012106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.