UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 15, 2021, the Board of Directors (the “Board”) of Cyteir Therapeutics, Inc. (the “Company”) appointed Jeffrey Humphrey, M.D., as a Class I director of the Company and as a member of the Science and Technology Committee of the Board (the “Science and Technology Committee”), effective immediately.
In accordance with the Company’s current Non-Employee Director Compensation Policy (the “Policy”), Dr. Humphrey will receive an initial grant of an option to purchase 28,300 shares of the Company’s common stock. The option will vest as to one-third of the shares subject to the option on each of the first, second and third anniversaries of the date of grant, subject to Dr. Humphrey’s continued service to the Board through the applicable vesting date.
In addition, consistent with the Policy, Dr. Humphrey will receive cash compensation of $35,000 per year for his service on the Board; in addition, he will receive cash compensation of $4,000 per year for his service as a member of the Science and Technology Committee, in each case, payable in arrears on a quarterly basis prorated for any calendar quarter of partial service. Dr. Humphrey will also be eligible to receive annual grants of equity awards pursuant to, and in accordance with, the Policy as in effect from time to time.
In connection with his appointment, Dr. Humphrey will enter into a standard indemnification agreement in the form previously approved by the Board.
On December 15, 2021, Karen Hong, Ph.D., tendered her resignation from the Board, effective immediately. The Board appointed Jean George to serve on the Audit Committee of the Board, to fill the vacancy resulting from Dr. Hong’s resignation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CYTEIR THERAPEUTICS, INC. | ||||||
| Date: | December 16, 2021 | By: | /s/ Andrew Gengos | |||
| Name: Andrew Gengos Title: Chief Business Officer | ||||||