Apricus Biosciences, Inc. (NASDAQ:APRI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Apricus Biosciences, Inc. (NASDAQ:APRI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Item 5.02

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Employee Bonuses
On June 1, 2017, the Compensation Committee of the Board of
Directors (the Committee) of Apricus Biosciences, Inc. (the
Company) approved and ratified certain employee bonuses, which were
intended to recognize their efforts related to the Company’s sale
of its ex-US Vitaros business. Special cash bonuses were issued to
the following executive officers and other employees:
Name
Title
Special Cash Bonus
Richard Pascoe
Chief Executive Officer and Secretary
$97,479.20
Brian Dorsey
Senior Vice President, Chief Development Officer
$63,860.00
Neil Morton
Senior Vice President, Chief Business Officer
$55,000.00
All other employees
$75,000.00 (in the aggregate)
* * *


About Apricus Biosciences, Inc. (NASDAQ:APRI)

Apricus Biosciences, Inc. is a pharmaceutical company, which develops pharmaceutical products. The Company primarily focuses on the development and commercialization of products and product candidates in the areas of urology and rheumatology. The Company’s drug delivery technology is a permeation enhancer called NexACT. The Company has over two product candidates in Phase II development, fispemifene for the treatment of symptomatic male secondary hypogonadism and RayVa for the treatment of Raynaud’s phenomenon, secondary to scleroderma. The Company has a commercial product, Vitaros for the treatment of erectile dysfunction (ED), which is in development in the United States, approved in Canada and marketed throughout Europe.

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