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CRTX > SEC Filings for CRTX > Form 8-K on 19-Sep-2013All Recent SEC Filings




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 September 15, 2013, Cornerstone Therapeutics Inc. (the "Company") increased the annual base salary of the Company's Chief Financial Officer, Alastair McEwan. Mr. McEwan's annual base salary was increased from $190,000 to $300,000 in recognition of Mr. McEwan's assumption of additional corporate responsibilities in connection with the previously disclosed resignation of the Company's General Counsel and the proposed merger with Chiesi Farmaceutici S.p.A. ("Chiesi"), which was previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on September 16, 2013. Mr. McEwan's salary increase was approved in connection with, and contingent upon, the mutual agreement of Mr. McEwan and the Company, which was effective September 15, 2013, terminating Mr. McEwan's letter agreement with the Company dated November 6, 2012 (the "Side Letter").

The Company has previously filed the Side Letter as Exhibit 10.2 to the Company's Current Report on Form 8-K filed with the SEC on November 9, 2012. The Company refers you to such exhibit for the complete terms of the Side Letter.

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