COMPASS Pathways CFO Mike Falvey departs; Mary-Rose Hughes named interim CFO

COMPASS Pathways plc

CFO Michael Falvey resigns effective Oct 26; will advise through Nov 3 to pursue other opportunities.
Separation agreement includes $638,000 payment (12 months salary + bonus) and 25% equity acceleration.
Interim CFO Mary-Rose Hughes (VP Finance since May 2020) appointed; base salary raised 30% plus £30k bonus.
Company has initiated a search for a permanent chief financial officer.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed (interim)

Michael Falvey

Chief Financial Officer

CMPS · COMPASS Pathways plc

Effective: 2023-10-26
Successor: Mary-Rose Hughes
Filed: October 26, 2023, 7:59 PM ET

Michael Falvey, Chief Financial Officer, principal financial officer and principal accounting officer of COMPASS Pathways plc (the “Company”), resigned from his role as chief financial officer to pursue other opportunities effective October 26, 2023.

Appointed (interim)

Mary-Rose Hughes

Interim Chief Financial Officer

CMPS · COMPASS Pathways plc

Effective: 2023-10-26
Filed: October 26, 2023, 7:59 PM ET

Effective October 26, 2023, the Company appointed Mary-Rose Hughes as its Interim Chief Financial Officer until such time as the Company appoints a new chief financial officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Falvey resigned as Chief Financial Officer at COMPASS Pathways plc.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Michael Falvey, Chief Financial Officer, principal financial officer and principal accounting officer of COMPASS Pathways plc (the “Company”), resigned from his role as chief financial officer to pursue other opportunities effective October 26, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Mary-Rose Hughes was appointed as Interim Chief Financial Officer at COMPASS Pathways plc.

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

Effective October 26, 2023, the Company appointed Mary-Rose Hughes as its Interim Chief Financial Officer until such time as the Company appoints a new chief financial officer.

View on SEC.gov

COMPASS Pathways plc filing history →

Source: SEC EDGAR

accession 0001816590-23-000131

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