Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On November 11, 2021, we appointed Roshawn Blunt to our Board of Directors (the
"Board") as a Class II director with a term ending at our annual meeting of
stockholders to be held in 2022. Ms. Blunt was also appointed as a member of the
Compensation Committee of the Board.
In accordance with our non-employee director compensation policy, Ms. Blunt
received an initial option grant to purchase 41,200 shares of our common stock.
The option vests in a series of three annual installments over the three-year
period measured from the date of grant. Ms. Blunt is also eligible to receive an
annual retainer of $35,000 for her service on the Board, an additional annual
retainer of $5,000 for her service on the Compensation Committee of the Board,
and an annual option grant on the date of each of our annual stockholder
meetings.
We have also entered into our standard form of indemnity agreement for directors
and officers with Ms. Blunt.
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