Hepion Pharmaceuticals Inc. filed SEC Form 8-K: Leadership Update
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| Item 5.02 | Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 3, 2025, the Board of Directors of Hepion Pharmaceuticals, Inc., a Delaware corporation (the “Company”), approved the appointment of Dr. Kaouthar Lbiati, a director of the Company, as interim Chief Executive Officer, effective June 16, 2025. Dr. Lbiati has been serving on the Company's Board of Directors since June 2022. The initial term of Dr. Lbiati’s appointment as CEO is 3 months and her annual base salary is $350,000 with $50,000 being deferred until the earlier of (i) an equity financing of at least $3 million and (ii) Dr. Lbiati’s departure from the Company and/or a change in control of the Company. In addition, Dr. Lbiati shall be eligible for a performance bonus equal to 35% of her annual base salary contingent upon the achievement of mutually agreed upon performance milestones. In the event that Dr. Lbiati is terminated without cause prior to the expiration of her interim term, she may be entitled to a pro rated bonus.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 9, 2025 |
Hepion Pharmaceuticals, Inc. | |
| By: | /s/ John Brancaccio | |
| John Brancaccio | ||
| Interim Chief Financial Officer | ||
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