UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 6, 2016
Alder BioPharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-36431 | 90-0134860 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
11804 North Creek Parkway South Bothell, WA |
98011 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (425) 205-2900
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Executive Officer Promotion
On October 6, 2016, Alder BioPharmaceuticals, Inc. (Alder) promoted Larry K. Benedict to the position of Executive Vice President and Principal Accounting Officer from his previous position of Senior Vice President, Finance (and in such capacity, Mr. Benedict will continue to serve as Alders principal financial officer and principal accounting officer, as defined under applicable securities laws). In connection with the promotion, Mr. Benedicts annual base salary for 2016 was increased to $316,800 and his target bonus for 2016 was increased to 33% of his annual base salary. In addition, Mr. Benedict was a granted an option under Alders 2014 Equity Incentive Plan to purchase 30,000 shares of Alders common stock at an exercise price of $30.20 per share. The 2014 Equity Incentive Plan and the form of option agreement under the 2014 Equity Incentive Plan were filed as Exhibits 10.4 and 10.5, respectively, to Alders Form S-1 (File No. 333-194672) filed with the Securities and Exchange Commission on April 25, 2014.
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.
Alder BioPharmaceuticals, Inc. | ||||||
Dated: October 11, 2016 | ||||||
By: | /s/ James B. Bucher | |||||
James B. Bucher | ||||||
Senior Vice President and General Counsel |