SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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.|
Resignation and Appointment of Directors
Effective as of March 16, 2020, the Board of Directors (the “Board”) of Esperion Therapeutics, Inc (the “Company”), elected Alan Fuhrman as a director of the Company. Mr. Fuhrman will serve as a Class III director with a term expiring at the annual meeting of stockholders to be held in 2022. The Board determined that Mr. Fuhrman is an independent director as that term is defined by the Securities and Exchange Commission (the “SEC”) and the Nasdaq Stock Market, LLC. Mr. Fuhrman will serve as the chairperson of the Audit Committee, effective as of March 16, 2020.
Mr. Fuhrman is a member of the board of directors for SpringWorks Therapeutics and for Checkmate Pharmaceuticals, and is currently chief financial officer of Amplyx Pharmaceuticals, a biotechnology company focused on developing novel products for life-threatening infections. He previously served as chief financial officer of Mirna Therapeutics, a clinical-stage microRNA company that merged with Synlogic in August 2017. Mr. Fuhrman also served as chief financial officer of Ambit Biosciences, where he helped lead the company through its initial public offering and oversaw financial, investor and administrative operations until its sale to Daiichi Sankyo in 2014.
As a non-employee director, Mr. Fuhrman will receive cash and equity compensation paid by the Company pursuant to its non-employee director compensation program. There are no arrangements or understandings between Mr. Fuhrman and any other person pursuant to which Mr. Fuhrman was selected as a director, and there are no transactions between Mr. Fuhrman and the Company that would require disclosure under Item 404(a) of Regulation S-K. In addition, the Company has entered into an indemnification agreement with Mr. Fuhrman in connection with his appointment to the Board which is in substantially the same form as that entered into with the other directors of the Company.
On March 14, 2020, Scott Braunstein resigned from the Board, effective immediately. Mr. Braunstein’s resignation was not caused by any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
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: March 18, 2020||Esperion Therapeutics, Inc.|
|By:||/s/ Tim M. Mayleben|
|Tim M. Mayleben|
|President and Chief Executive Officer|