Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 26, 2021, Verastem, Inc. (the "Company") announced the following
changes to the Company's board of directors (the "Board").
On October 21, 2021, Gina Consylman resigned from the Board and its audit
committee, effective November 15, 2021.
On October 22, 2021, the Board unanimously voted to elect Ms. Michelle Robertson
as a Class III director of the Company and to serve on the audit committee of
the Board as chairperson, effective November 15, 2021. In connection with her
appointment as a director, on November 15, 2021, Ms. Robertson will receive a
stock option grant of 63,493 shares of the Company's common stock. Upon joining
the Board, Ms. Robertson will be eligible to receive certain annual cash
retainer fees and an annual stock option grant under the Company's director
compensation policy. Ms. Robertson will also enter into a customary
indemnification agreement with the Company.
A press release announcing Ms. Robertson's appointment and other matters is
filed as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
99.1 Press Release issued by Verastem, Inc. on October 26, 2021
104 Cover Page Interactive Data File (formatted in Inline XBRL and
contained in Exhibit 101)
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