Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers.
On April 20, 2020, the Board of Directors (the "Board") of Rocket
Pharmaceuticals, Inc. (the "Company"), upon the recommendation of the Nominating
and Corporate Governance Committee, appointed Elisabeth Björk, M.D., Ph.D., to
the Board, effective April 20, 2020. Dr. Björk will hold office until the date
of the annual meeting of stockholders following the year ending December 31,
2019 or until her earlier death, resignation or removal. Dr. Björk was also
appointed to the Board's Audit Committee.
Pursuant to the Company's non-employee director compensation policy, the Board
granted Dr. Björk an option to purchase 40,000 shares of the Company's common
stock at an exercise price equal to the closing market price per share of the
Company's common stock on the Nasdaq Global Market on the date of grant. The
options will vest over a three-year period, with the first third vesting upon
the one year anniversary of the grant date, and the remaining two-thirds vesting
over the subsequent two years in equal monthly installments, subject to Dr.
Björk's continued service on the Board.
Dr. Björk has entered into the Company's standard form of indemnification
agreement, which is filed as Exhibit 10.1 to the Company's Current Report on
Form 8-K filed on January 5, 2018.
Dr. Björk, age 58, will serve as a member of the Board as of April 20, 2020. She
is currently the Senior Vice President, Head of Late-Stage Development,
Cardiovascular, Renal and Metabolism (CVRM), BioPharmaceuticals R&D at
AztraZeneca, leading the global development of medicines in this area. Prior to
taking on this role in June 2012, Dr. Bj?rk had several roles of increasing
seniority within AstraZeneca, with responsibility for clinical phases I-IV. She
is an endocrinologist by training and an associate professor of medicine at
Uppsala University, and was Head of the Diabetes and Endocrinology Unit at the
University Hospital, Uppsala, where she spent 15 years in clinical practice and
diabetes research, before joining AstraZeneca in 2002. She is also a board
member of Chalmers University of Technology, Chalmers Ventures AB, Bj?rks
Matematik o Mera AB and rfidcompare europe AB. We believe that Dr. Bj?rk's
qualifications to serve on our Board include her depth of knowledge of the
pharmaceutical industry and her many years of experience in drug development.
There are no arrangements or understandings between Dr. Björk and any other
person pursuant to which Dr. Björk was appointed as a member of the Board. There
are no family relationships between Dr. Björk, on the one hand, and any
director, executive officer or any other person nominated or chosen by the
Company to become a director or executive officer, on the other. There are no
related person transactions (within the meaning of Item 404(a) of Regulation S-K
promulgated by the Securities and Exchange Commission) between Dr. Björk, on the
one hand, and the Company, on the other.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses