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MNOV > SEC Filings for MNOV > Form 8-K on 18-Oct-2013All Recent SEC Filings

Show all filings for MEDICINOVA INC



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.

Effective October 15, 2013, the Board of Directors of MediciNova, Inc. (the "Company") appointed Mr. Yutaka Kobayashi as a Class III director to fill the vacancy in that director seat. Mr. Kobayashi has not been appointed as a member of any committees of the Board of Directors at this time.

In connection with his appointment as a member of the Board of Directors, Mr. Kobayashi received a fully vested and immediately exercisable nonstatutory stock option grant to purchase 15,000 shares of the Company's common stock with an exercise price equal to the fair market value of the common stock as of October 15, 2013. Mr. Kobayashi will also receive annual cash compensation as a non-employee member of the Board of Directors in the amount of $40,000, payable in equal quarterly installments in arrears.

There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Kobayashi had, or will have, a direct or indirect material interest.

Additional information about Mr. Kobayashi can be found in the press release issued by the Company on October 16, 2013, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press release issued by MediciNova, Inc. on October 16, 2013.

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