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PTIE > SEC Filings for PTIE > Form 8-K on 10-Jun-2013All Recent SEC Filings

Show all filings for PAIN THERAPEUTICS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for PAIN THERAPEUTICS INC


10-Jun-2013

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 5, 2013, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Pain Therapeutics, Inc. (the "Company") approved changes in compensation for the Company's named executive officers (as defined in Item 402(a)(3) of Regulation S-K promulgated by the Securities and Exchange Commission) with respect to the officers' and the Company's performance from mid-2012 to mid-2013.

The base salary for Remi Barbier, President and Chief Executive Officer, was increased to $725,000 per year from $700,000 per year. The base salary for Nadav Friedmann, Ph.D., M.D., Chief Medical and Operating Officer was increased to $275,000 per year from $250,000. The base salary for Peter S. Roddy, Vice President and Chief Financial Officer was increased to $330,000 from $300,000 per year. The base salary for Grant L. Schoenhard, Ph.D., Chief Scientific Officer was increased to $275,000 from $250,000 per year.

Bonus payments for the named executive officers were:

Name                                  Title                                Bonus
                                      President and Chief Executive
Remi Barbier                          Officer                            $  300,000
                                      Chief Medical and Operating
Nadav Friedmann, Ph.D., M.D.          Officer                            $  110,000
                                      Vice President and Chief
Peter S. Roddy                        Financial Officer                  $   50,000
Grant L. Schoenhard, Ph.D.            Chief Scientific Officer           $   60,000


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