Management Change/Compensation Form 8 K

On September 25, 2024, the board of directors (the "Board") of Windtree Therapeutics, Inc. (the "Company") appointed Jamie McAndrew as Senior Vice President and Chief Financial Officer, effective as of September 25, 2024 (the "Effective Date"). Ms. McAndrew will continue to serve as the principal accounting officer of the Company and began serving as the principal financial officer of the Company on the Effective Date.

Ms. McAndrew, 44, has served as the Company's Vice President, Controller, and Chief Accounting Officer and the Company's principal accounting officer since August 2023. Having joined the Company as Manager of Accounting and Reporting in November 2013, Ms. McAndrew held various roles at the Company from 2013 to 2023, including Director of Accounting and Reporting, Controller, and Executive Director and Corporate Controller. Prior to joining the Company, from January 2008 to October 2013, Ms. McAndrew worked in public accounting, holding positions of increasing responsibility in transaction services and audit at KPMG LLP. Ms. McAndrew received her Bachelor of Arts in Philosophy and Political Science from Villanova University and her Master of Professional Accountancy from the J. Mack Robinson College of Business at Georgia State University. Ms. McAndrew is also a certified public accountant.

There are no arrangements or understandings between Ms. McAndrew and any other persons pursuant to which Ms. McAndrew was appointed as Chief Financial Officer or principal financial officer of the Company. In addition, there are no family relationships between Ms. McAndrew and any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer, and there are no transactions involving Ms. McAndrew requiring disclosure under Item 404(a) of Regulation S-K.

In connection with Ms. McAndrew's appointment, the Board approved an increase to her annual base salary to $370,000. The Company expects to enter into an employment agreement with Ms. McAndrew, the details of which have not been finalized as of the date of this Current Report on Form 8-K. The Company will provide this information by filing an amendment to this Current Report on Form 8-K after the information is determined or becomes available.