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QCOR > SEC Filings for QCOR > Form 8-K on 14-Nov-2013All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements and

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

On November 9, 2013 the Board of Directors (the "Board") of Questcor Pharmaceuticals, Inc. (the "Company") added Mr. G. Kelly Martin to the Board.

As a non-employee director, Mr. Martin will receive an annual retainer of $55,000 for his service on the Board. The Company also (i) granted Mr. Martin an option to acquire 6,187 shares of the Company's common stock at a per share price of $61.598, the closing price of the Company's common stock on November 8, 2013, and (ii) awarded Mr. Martin 2,812 shares of restricted common stock. These equity awards are of the same type granted to the Board's other non-employee directors following their election or appointment to the Board.

The Company will enter into its standard indemnification agreement with Mr. Martin, which provides for indemnification to the fullest extent permitted by the California General Corporation Law.

On November 12, 2013, the Company issued a press release announcing the appointment of Mr. Martin to the Board, which is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

No. Description

99.1 Press Release issued on November 12, 2013.

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