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 3, 2017, the aTyr Pharma, Inc. (the “Company”) Board of Directors (the “Board”) appointed Jeffrey S. Hatfield to the Board. Mr. Hatfield was appointed as a Class III director, and will serve until the Company’s annual meeting of stockholders in 2018 or until his successor is duly elected and qualified or his earlier resignation or removal. As a non-employee director, Mr. Hatfield will receive cash and equity compensation to the Company’s current non-employee director compensation policy.
Mr. Hatfield most recently served as President, Chief Executive Officer and a member of the Board of Directors of Vitae Pharmaceuticals (“Vitae”) from 2004 to 2016. Mr. Hatfield took Vitae public in 2014, and in October 2016, Vitae was acquired by Allergan plc. Prior to joining Vitae, Mr. Hatfield worked at Bristol-Myers Squibb in a variety of executive positions, including: Senior Vice President of BMS’s Immunology and Virology Divisions, where he was responsible for all aspects of the $1 billion business; President and General Manager, Canada; and Vice President, U.S. Managed Health Care. He previously served as a Board member of Ambit Biosciences before its acquisition by Daiichi-Sankyo in 2015, and as a member of the Board of Directors of the Biotechnology Industry Organization (BIO), serving on the Executive Company Section. Mr. Hatfield currently serves as a Board member of InVivo Therapeutics, a biotechnology company, and as a member of the Advisory Committees for: Purdue University’s College of Pharmacy, where he is a Distinguished Alumni and is on faculty; Drexel University’s LeBow College of Business; and the Chapman-KGI School of BioPharmacy. Mr. Hatfield holds an M.B.A. from The Wharton School, University of Pennsylvania and a bachelor’s degree in Pharmacy from Purdue University.
Mr. Hatfield 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. Hatfield and any other persons to which Mr. Hatfield was selected as a director.
In connection with the appointment as director, Mr. Hatfield 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 3, 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. Hatfield’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 3.50 with 61,370 shares trading hands.
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