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. |
On December 12, 2024, Michael Altman and Konstantin Poukalov each resigned from the Board of Directors (the “Board”) of Lyra Therapeutics, Inc., effective immediately.
On December 13, 2024, in order to achieve an equal balance of membership among the classes of directors, the Board determined to move Maria Palasis, Ph.D. from Class III with a term expiring at the 2026 Annual Meeting of Stockholders to Class I with a term expiring at the 2027 Annual Meeting of Stockholders. Accordingly, on the same date, Dr. Palasis, who was a Class III Director, resigned as a director and was immediately elected by the Board as a Class I Director. The resignation and re-election of Dr. Palasis was effected solely to rebalance the Board’s classes and, for all other purposes, Dr. Palasis’s service on the Board is deemed to have continued uninterrupted. The Board now consists of two Class I Directors, two Class II Directors, and two Class III Directors.
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: December 13, 2024 | Lyra Therapeutics, Inc. | |||||
| By: | /s/ Jason Cavalier | |||||
| Jason Cavalier | ||||||
| Chief Financial Officer | ||||||