ATYR PHARMA, INC. (NASDAQ:LIFE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of April 7, 2017, the aTyr Pharma, Inc. (the “Company”) Board of Directors (the “Board”) appointed Timothy P. Coughlin to the Board. Mr. Coughlin was appointed as a Class I director, and will serve until the Company’s annual meeting of stockholders in 2019 or until his successor is duly elected and qualified or his earlier resignation or removal. As a non-employee director, Mr. Coughlin will receive cash and equity compensation to the Company’s current non-employee director compensation policy. The Board also appointed Mr. Coughlin to serve as a member of the Company’s Audit Committee and to Chair the Audit Committee. Kathryn E. Falberg, the prior Chair of the Audit Committee will continue to serve as a member of the Audit Committee through May 9, 2017, the date of completion of her term as a director.
Timothy P. Coughlin served as Chief Financial Officer of Neurocrine Biosciences, Inc. from September 2006 to February 2017, where he previously served as Vice President, Controller. Prior to joining Neurocrine in 2002, he was with Catholic Health Initiatives, a nationwide integrated healthcare delivery system, where he served as Vice President, Financial Services. Mr. Coughlin also served as a Senior Manager in the Health Sciences practice of Ernst & Young LLP and its predecessors from 1989 to 1999. Mr. Coughlin currently serves on the board of directors of Retrophin, Inc. and Fate Therapeutics, Inc., two biotechnology companies where he chairs the audit committees and is a member of the compensation committee and nominating committee. Mr. Coughlin holds a master’s degree in international business from San Diego State University and a bachelor’s degree in accounting from Temple University and is a certified public accountant in both California and Pennsylvania.
Mr. Coughlin is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K, and there are no arrangements or understanding between Mr. Coughlin and any other persons to which Mr. Coughlin was selected as a director.
In connection with the appointment as director, Mr. Coughlin entered into the Company’s standard form of indemnification agreement and was granted an option to purchase 32,000 shares of the Company’s Common Stock at an exercise price to be the closing price of the Company’s common stock on the Nasdaq Global Select Market on April 7, 2017, which will vest in equal monthly installments during the three years following the effective date of his appointment to the Board, subject to Mr. Coughlin’s continued service on the Board.
About ATYR PHARMA, INC. (NASDAQ:LIFE)
aTyr Pharma, Inc. is a clinical-stage biotherapeutics company. The Company is engaged in the discovery and clinical development of medicines for patients suffering from severe, rare diseases using its Physiocrine biology, a discovered set of physiological modulators. The Company focuses on the development of Physiocrine-based therapeutics for the treatment of rare diseases, including facioscapulohumeral muscular dystrophy (FSHD) and limb-girdle muscular dystrophy (LGMD) 2B. The Company is developing Resolaris, an intravenous protein therapeutic for the treatment of rare myopathies with an immune component (RMICs). The Company is investigating Resolaris in patients with LGMD2B. The Company is conducting approximately three open label trials in patients with early onset FSHD, in adult patients with FSHD or LGMD2B and a long-term extension study in adult patients with FSHD. The Company has not generated any revenues. ATYR PHARMA, INC. (NASDAQ:LIFE) Recent Trading Information
ATYR PHARMA, INC. (NASDAQ:LIFE) closed its last trading session 00.00 at 3.25 with 31,264 shares trading hands.
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