UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
January 14, 2025 (
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
On January 8, 2025, the Board of Directors (the “Board”) of Raphael Pharmaceuticals Inc. (the “Company”) increased the size of its Board by one and appointed Mr. Ajay Kumar Dhadha to serve as a Director of the Company in order to fill the resulting vacancy of the Board. The Board also selected Mr. Dhadha to be Chairman of the Board, replacing Mr. Shlomo Pilo in such role.
Mr. Dhadha, age 79, is a diamond dealer and a member of the Israel Diamond Exchange, residing in Israel for the last 45 years. Mr. Dhadha is the founder and owner and Chief Executive Officer of Shanti Gems (1982) Ltd. in Israel, which exports and sells diamonds.
There is no arrangement or understanding between Mr. Dhadha and any other person pursuant to which Mr. Dhadha was selected as a Director. There are no transactions, relationships or agreements between Mr. Dhadha and the Company that would require disclosure pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
The Board concluded that Mr. Dhadha is qualified to serve as a Director and meets the independence requirement under relevant securities laws. The Company expects to enter into a standard indemnification agreement with Mr. Dhadha.
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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.
RAPHAEL PHARMACEUTICAL INC. | ||
By: | /s/ Shlomo Pilo | |
Name: | Shlomo Pilo | |
Title: | Chief Executive Officer |
Date: January 14, 2025
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