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ATHX > SEC Filings for ATHX > Form 8-K on 18-Jun-2013All Recent SEC Filings

Show all filings for ATHERSYS, INC / NEW

Form 8-K for ATHERSYS, INC / NEW


Change in Directors or Principal Officers, Financial Statements and Exhibits

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

On June 18, 2013, at the Annual Meeting of Stockholders of Athersys, Inc. (the "Company"), the Company's stockholders approved and adopted the Athersys, Inc. Amended and Restated 2007 Long-Term Incentive Plan (Amended and Restated Effective June 18, 2013) (the "Plan"). The purpose of the amendment and restatement was to increase the aggregate number of shares of the Company's common stock available for issuance under the Plan from 4,035,000 shares to 10,035,000 shares, to permit accelerated vesting of awards in the event of involuntary termination of a participant's employment by the Company without cause, and to clarify that restricted stock units may vest ratably over the restriction period. The description of the Plan is qualified in its entirety by reference to the full text of the Plan, a copy of which is being filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Number                                    Description

10.1         Athersys, Inc. Amended and Restated 2007 Long-Term Incentive Plan
             (Amended and Restated Effective June 18, 2013)

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