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RMTI > SEC Filings for RMTI > Form 8-K on 19-Jun-2013All Recent SEC Filings

Show all filings for ROCKWELL MEDICAL, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ROCKWELL MEDICAL, INC.


19-Jun-2013

Change in Directors or Principal Officers, Financial Statements and Exhibi


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

On June 14, 2013, the Compensation Committee (the "Committee") of the Board of Directors of Rockwell Medical, Inc. (the "Company") made grants of restricted stock under the Company's Amended and Restated 2007 Long Term Incentive Plan (the "Plan") for certain of the "named executive officers" listed in the 2013 annual meeting proxy statement, as follows:

Executive                   Position           No. of Restricted Shares Granted
Robert Chioini      Chief Executive Officer                             100,000
Thomas Klema        Chief Financial Officer                              60,000
Dr. Ajay Gupta      Chief Scientific Officer                             75,000
Dr. Raymond Pratt   Chief Medical Officer                                75,000

The restricted stock grants were made pursuant to a revised form of restricted stock agreement attached to this Report as Exhibit 10.54. The revised form of restricted stock agreement provides that, so long as the grantee remains employed by the Company, the restricted stock fully vests on August 14, 2014, or immediately upon a "change in control" (as defined in the Plan). The prior form of agreement provided for vesting 24 month anniversary of the grant date. If the grantee's employment is terminated for any reason prior to the restricted stock becoming fully vested, the grantee forfeits the restricted stock, unless otherwise determined by the Committee. The agreement also provides that restricted stock issued to the grantee may not be transferred by the grantee in any manner prior to vesting. Grantees otherwise have all rights of holders of common stock of the Company, including voting rights and the right to receive dividends, if any.

The above description of the form of restricted stock agreement does not purport to be a complete statement of the provisions thereof. Such description is qualified in its entirety by reference to the form of such agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.54 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

The following exhibit is filed herewith:

Exhibit number Exhibit Description
10.54 Form of Restricted Stock Award Agreement June 2013 (Executive Version)


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