SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 February 25, 2021, the Compensation Committee (the “Committee”) of the Board of Directors of ChemoCentryx, Inc. (the “Company”) approved an increase to the base salaries to be paid to the named executive officers listed below (the “NEOs”), effective January 1, 2021 in the amount of 4.3% to Thomas Schall, Susan Kanaya and Markus Cappel. On February 25, 2021, the Committee also approved cash bonuses to be paid to the NEOs listed below for the 2020 fiscal year and approved and awarded the stock options and restricted stock units listed below to the NEOs under the Company’s 2012 Equity Incentive Award Plan. The exercise price per share of such stock options is $65.87, the closing price per share of the Company’s common stock on the Nasdaq Global Select Market on February 25, 2021. Twenty-five percent of the total number of shares of common stock subject to each NEO’s option will vest on January 1, 2022, and 1/48th of the total number of shares of common stock subject to such option will vest monthly thereafter, subject to such NEO’s continued employment or service relationship with the Company on each such vesting date. One third of each of the NEO’s restricted stock unit awards will vest on January 1, 2022, and the remaining two thirds of each of the NEO’s restricted stock unit awards will vest on January 1, 2023 and January 1, 2024, respectively, subject to such NEO’s continued employment or service relationship with the Company on each such vesting date.
The 2020 actual cash bonus payments, stock option grants and restricted stock unit awards are as follows:
Thomas J. Schall, Ph.D.
|President and Chief Executive Officer||$||424,200||54,600||79,000|
Susan M. Kanaya
|Executive Vice President, Chief Financial and Administrative Officer and Secretary||$||234,450||21,700||31,400|
Markus J. Cappel, Ph.D.
|Chief Business Officer||$||160,200||13,500||19,500|
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.
|Date: March 3, 2021|
|Name:||Susan M. Kanaya|
Executive Vice President
Chief Financial and Administrative Officer and Secretary