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| SUPN > SEC Filings for SUPN > Form 8-K on 17-Jan-2013 | All Recent SEC Filings |
17-Jan-2013
Change in Directors or Principal Officers, Other Events, Financial S
On January 14, 2013, Supernus Pharmaceuticals, Inc. (the "Supernus") announced the appointment of Mr. Victor Vaughn to the position of Senior Vice President of Sales. Prior to joining Supernus, since 2005, Mr. Vaughn, 55, owned and operated Mt. Zion Consulting, a consulting firm that worked with small to medium sized pharmaceutical companies, assisting them with their commercial operations. From 1992 to 2005, Mr. Vaughn led the sales organization at Shire Pharmaceuticals, where he last served as Senior Vice President of Sales. Prior to that he held various positions in sales and sales management at Fujisawa and SmithKline Beecham (Glaxo). Mr. Vaughn holds a Bachelors Degree in Business Administration from East Tennessee State University.
Mr. Vaughn's annual base salary will be $275,000. In addition, he is eligible to receive an annual target bonus of 30% of his annual base salary, prorated for 2013 based on his starting date. He will also be entitled to receive other customary fringe benefits generally available to our executive employees. Mr. Vaughn will also receive a grant of options to purchase 85,000 shares of common stock which will vest equally over four years. Mr. Vaughn will also be entitled to receive reimbursement of reasonable travel and residence rental expenses in the Rockville, MD area, up to a maximum of $20,000 annually for the first two years of service and up to a maximum of $15,000 annually for the next three years of service, not to exceed $85,000 over the course of his employment.
On January 14, 2013, Supernus issued a press release providing details regarding the appointment of Victor Vaughn as Senior Vice-President of Sales. A copy of this press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
(d) Exhibits
The following document is furnished as an Exhibit pursuant to Item 8.01 hereof:
Exhibit 99.1 - Press Release dated January 14, 2013 of the Company providing details on the appointment of Victor Vaughn as Senior Vice-President of Sales.
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