UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
As previously disclosed by Longeveron Inc. (the “Company”) on a Form 8-K filed with the SEC on April 10, 2023, on April 4, 2023, James Clavijo, Chief Financial Officer, provided notice to the Company of his intention to resign from his position with the Company, effective June 9, 2023. On June 1, 2023, the Company and Mr. Clavijo agreed to an arrangement whereby Mr. Clavijo will continue in the role of interim Chief Financial Officer beyond June 9, 2023, pursuant to the terms of a Consulting Agreement entered into by and between the Company and Mr. Clavijo, effective June 10, 2023 (the “Consulting Agreement”), while the Company continues to find a permanent candidate for Chief Financial Officer.
The Consulting Agreement provides that Mr. Clavijo will continue to serve as interim Chief Financial Officer through December 31, 2023 unless sooner terminated by either party upon ten days written notice to the other party. Mr. Clavijo will be paid an hourly cash consulting fee, not to exceed 20 hours per week unless agreed to in writing by both parties. As an independent consultant, Mr. Clavijo will no longer be entitled to any benefits afforded by the Company to full or part-time employees. Mr. Clavijo will remain bound by the Confidentiality/Nondisclosure and any other continuing obligations under the terms of his Employment Agreement with the Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURE
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.
| LONGEVERON INC. | ||
| Date: June 5, 2023 | /s/ Wa’el Hashad | |
| Name: | Wa’el Hashad | |
| Title: | Chief Executive Officer | |