Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 17, 2021, Douglas Lind, M.D. was appointed to the Board of Directors
(the "Board") Enveric Biosciences, Inc. (the "Company"), to fill one of the
vacancies on the Board and to serve for a term expiring at the next annual
meeting of stockholders or until his successor is duly elected and qualified.
The Board appointed Dr. Lind to serve on the Audit Committee of the Board.
For his service on the Board, Dr. Lind will be paid an annual compensation of
$25,000 and, for his service on the Audit Committee of the Board, Dr. Lind will
be paid an annual compensation of $5,000. In addition, the Board approved an
equity award to Dr. Lind of 6,794 shares of restricted stock, one-third of which
are subject to time-based vesting conditions and two-thirds of which are subject
to performance-based vesting conditions.
The Company issued a press release announcing Dr. Lind's appointment, a copy of
which is attached to this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release, dated March 18, 2021
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