Geron Corporation
05/14/2021 | Press release | Distributed by Public on 05/14/2021 18:18
Management Change/Compensation (Form 8-K)
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Amendment to 2018 Inducement Award Plan
On May 11, 2021, the Compensation Committee of the Board of Directors of Geron Corporation (the 'Company') approved an amendment to increase the reserve of shares of the Company's common stock under the 2018 Inducement Award Plan from 10,100,000 to 15,100,000 shares of common stock (subject to customary adjustments in the event of a change in capital structure of the Company) to be used exclusively for grants of inducement awards to individuals who were not previously employees or directors of the Company, other than following a bona fide period of non-employment, as a material inducement within the meaning of Rule 5635(c)(4) of the Nasdaq Listing Rules to each such individual's entry into employment with the Company. The terms and conditions of the 2018 Inducement Award Plan and the inducement awards to be granted thereunder are substantially similar to the Company's stockholder-approved 2018 Equity Incentive Plan.
The foregoing description of the 2018 Inducement Award Plan, as amended, is not complete and is subject to, and qualified in its entirety by reference to, the complete text of the 2018 Inducement Award Plan, as amended, which will be filed with the Securities and Exchange Commission as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.
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