Aquestive Therapeutics Inc.
11/07/2024 | Press release | Distributed by Public on 11/07/2024 15:02
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 November 1, 2024, Santo J. Costa, a member of the Board of Directors of Aquestive Therapeutics, Inc. (the "Company") and the Chairman of the Compensation Committee thereof (the "Compensation Committee"), notified the Company of his intention to resign from the Company's Board of Directors for personal reasons, effective November 4, 2024. Mr. Costa did not advise the Company that his decision to resign from the Board of Directors resulted from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Effective November 4, 2024, John S. Cochran, a member of the Company's Board of Directors and Compensation Committee, will serve as the Chair of the Compensation Committee and Timothy E. Morris, a member of the Board of Directors and Chair of the Audit Committee of the Board of Directors will be appointed to the Compensation Committee. Effective upon Mr. Costa's resignation as a member of the Board of Directors, the size of the Company's Board of Directors will be reduced from eight (8) to seven (7) directors. The Company thanks Mr. Costa for his years of service as a member of the Board of Directors and his dedication to the Company.