OmniAb Inc.
07/01/2024 | Press release | Distributed by Public on 07/01/2024 06:59
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 27, 2024, Joshua Tamaroff resigned from the Board of Directors (the "Board") and Audit Committee of the Board (the "Audit Committee") of OmniAb, Inc. (the "Company"), effective June 28, 2024, due to his pending departure from Avista Capital Partners. Mr. Tamaroff advised the Company that his decision to resign was not the result of any disagreement with the Company or its management on any matter relating to the Company's operations, policies or practices. Mr. Tamaroff was initially appointed to the Board as the designee of Avista pursuant to the Amended and Restated Registration and Stockholder Rights Agreement, dated as of November 1, 2022, among the Company, Avista Acquisition LP II and the other parties thereto. Avista has advised the Company that Avista does not currently intend to designate a Board successor for Mr. Tamaroff.
Additionally, on June 28, 2024, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Sarah Boyce, a current independent member of the Board, to fill the vacancy on the Audit Committee created by Mr. Tamaroff's resignation. Furthermore, on June 28, 2024, the Board reduced the size of the Board from seven to six members to remove the vacancy on the Board created by Mr. Tamaroff's resignation.