Alpha Cognition Inc.

10/09/2024 | Press release | Distributed by Public on 10/09/2024 14:16

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 October 8, 2024, Alpha Cognition Inc. (the "Company") appointed Mr. Jay Yoo to act as the Company's interim Principal Accounting and Financial Officer effective October 2, 2024.

Mr. Yoo, 47, has over 20 years of accounting and finance experience across technology, automotive, real estate, insurance, and consumer goods industries in Southern California. For the last 4 years, Mr. Yoo work as a financial reporting consultant for multiple publicly traded and privately held clients. Before entering the consulting role, Mr. Yoo served as Vice President, finance and accounting for a $4 billion healthcare REIT in Orange County, CA from 2017 to 2020. Mr. Yoo also served in various finance and accounting roles for large companies such as Hyundai Motor America, Ingram Micro, and Western Digital. Mr. Yoo is a certified Public Accountant in the state of California since 2007.

Mr. Yoo currently is a consultant at CFO Vertical, LLC ("CFO Vertical"), since September 2024. CFO Vertical is an accounting and finance resource firm providing interim CFO and controller solutions. The Company engaged CFO Vertical to provide interim principal accounting and finance support.

Mr. Yoo is not related by family to any director or other officer of the Company. There are no arrangements or understandings between Mr. Yoo and any other person pursuant to which he was selected as an officer. There are no transactions between the Company and Mr. Yoo required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The Company previously announced the resignation of Mr. Don Kalkofen as Chief Financial Officer on August 27, 2024, effective October 1, 2024. The Company had announced that Mr. Kalkofen would provide part-time services to the Company from October 1, 2024 through November 30, 2024. However, the Company and Mr. Kalkofen have mutually agreed that his services will not be needed in this transition period.