09/03/2024 | Press release | Distributed by Public on 09/03/2024 06:36
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 30, 2024, the Board of Directors (the "Board") of CVRx, Inc. (the "Company") appointed Kevin Ballinger and Mitch Hill as directors, effective September 3, 2024. Messrs. Ballinger and Hill will serve as Class I directors with terms expiring at the 2025 annual meeting of stockholders. The Board determined that Messrs. Ballinger and Hill qualify as independent directors pursuant to the listing standards of the Nasdaq Stock Market. Mr. Ballinger was appointed to serve on the Board's Nominating and Corporate Governance Committee and Mr. Hill was appointed to serve on the Board's Audit Committee and Compensation Committee. Messrs. Ballinger and Hill will receive compensation for their service in accordance with the non-employee director compensation program described under "Director compensation" set forth in the Company's proxy statement for its 2024 annual meeting of stockholders.
On August 27, 2024, Ali Behbahani gave notice of his intention to resign from the Board effective at the close of business on September 2, 2024. In connection with Mr. Behbahani's resignation and the two new director appointments, the Board increased the number of directors constituting the Board to seven, effective September 3, 2024.