The latest announcement is out from Electrocore (ECOR).
ElectroCore, Inc. has reclassified F. Peter Cuneo from a Class III director to a Class I director, extending his term to the 2025 Annual Meeting of Stockholders, where he will conclude his service and not seek reelection. Despite this change, Cuneo’s Board service is considered uninterrupted for compensation purposes. Additionally, Cuneo has entered into a consulting agreement with the Company to advise the CEO after his board term ends, for which he’ll receive an hourly fee and a stock option for 50,000 shares, vesting over a year or upon certain conditions.
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