UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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. |
2021 Annual Salaries and Stock Option Awards
On December 16, 2020, the Board of Directors (the “Board”) of Corvus Pharmaceuticals, Inc. (“Corvus” or the “Company”), approved, on recommendation of the Compensation Committee of the Board, 2021 annual base salaries and stock option awards for the Company’s Chief Executive Officer, Chief Financial Officer and Senior Vice President and Chief Medical Officer. The stock option awards to each of the executive officers were granted effective as of the close of business on December 16, 2020 with an exercise price equal to the closing price of the Company’s common stock as reported on The Nasdaq Global Market on the date of grant. The awards were made pursuant to the Company’s 2016 Equity Incentive Award Plan and will vest in equal monthly installments over 48 months, subject to continued service as of each vesting date.
The following table sets forth the 2021 annual base salary and number of shares underlying the stock option awards for each of the named executive officers and principal financial officer:
| Name and Principal Position | 2021 Base Salary
| Stock Option Award (shares) | ||||||
| Richard A. Miller, M.D. | $ | 300,000 | 320,000 | |||||
| Chief Executive Officer | ||||||||
| Leiv Lea | $ | 404,000 | 160,000 | |||||
| Chief Financial Officer | ||||||||
| Mehrdad Mobasher, M.D. . | $ | 482,000 | 85,000 | |||||
| Senior Vice President and Chief Medical Officer | ||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CORVUS PHARMACEUTICALS, INC. | ||
| Date: December 17, 2020 | By: | /s/ Leiv Lea |
| Leiv Lea | ||
| Chief Financial Officer | ||