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CUR > SEC Filings for CUR > Form 8-K on 7-Jun-2016All Recent SEC Filings

Show all filings for NEURALSTEM, INC.



Change in Directors or Principal Officers, Other Events

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

Effective June 1, 2016, the compensation committee ("Committee") of Neuralstem, Inc. (the "Company") approved amendments to the employment agreements of Richard Daly, the Company's President and Chief Executive Officer and Dr. Karl Johe, the Company's Chief Scientific Officer. Pursuant to the amendments, Mr. Daly's salary was reduced by $30,000 to $410,000 per annum and Dr. Johe's salary was reduced by $260,000 to $490,000 per annum. No other provisions of Mr. Daly's or Dr. Johe's employment agreements were changed.

Item 8.01. Other Events.

The Committee approved an amendment to the Company's non-employee director compensation policy to be effective on July 1, 2016. Pursuant to the amendment, the annual compensation of non-employee directors was reduced from $200,000 to $100,000 per annum, payable in common stock purchase options, restricted stock, or restricted stock units of the Company.

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