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
On September 15, 2022, the Board of Directors of Generation Bio Co., or the Company, appointed Phillip Samayoa, Ph.D., as Chief Strategy Officer of the Company, effective as of September 16, 2022.
Prior to being appointed as the Company’s Chief Strategy Officer, Dr. Samayoa, age 35, served as the Company’s Senior Vice President, Head of Corporate Development, from April 2021 to September 2022, its Vice President, Strategy and Portfolio Development from December 2018 to April 2021 and its Senior Director, Strategy and Portfolio Development from December 2017 to December 2018. Before joining the Company, Dr. Samayoa served as a Principal at Atlas Ventures. He received dual bachelor of science degrees in biological engineering and physics from the Massachusetts Institute of Technology and his Ph.D. in bioinformatics and systems biology from the University of California, San Diego.
In connection with his appointment as Chief Strategy Officer, Dr. Samayoa’s annual base salary was increased to $390,000 and his annual target bonus is 40% of his annual base salary, prorated for 2022. The Company has also granted Dr. Samayoa an option to purchase 110,000 shares of the Company’s common stock under the Company’s 2020 Stock Incentive Plan. The option has an exercise price equal to $5.53 per share, the closing price of the Company’s common stock on the Nasdaq Global Select Market on September 16, 2022, and a term of 10 years. The option will vest as to 25% of the shares underlying the option on September 16, 2023 and as to an additional 6.25% of the underlying shares quarterly thereafter until September 16, 2026.
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.
GENERATION BIO CO. | ||
Date: September 20, 2022 | By: | /s/ Geoff McDonough |
Name: Geoff McDonough, M.D. | ||
Title: President and Chief Executive Officer | ||