Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 9, 2019, the board of directors of Omeros Corporation (the “Company”), upon recommendation of the Nominating and Governance Committee of the Company’s board of directors, increased the number of its directors to eight and appointed Thomas F. Bumol, Ph.D., as a director, effective immediately. Dr. Bumol’s initial term will expire at the Company’s 2019 annual meeting of shareholders or his earlier resignation or removal.
Dr. Bumol, 65, is Executive Director of the recently established Allen Institute for Immunology in Seattle, Washington. He joined the Allen Institute for Immunology in 2018 following a35-year career at Eli Lilly and Company. He was most recently the Senior Vice-President of Biotechnology and Immunology Research and the Site Head of Lilly’s Biotechnology Center in San Diego, California.
As of the date of this Current Report on Form8-K, neither Dr. Bumol nor any of his immediate family members is a party, either directly or indirectly, to any transaction that would be required to be reported under Rule 404(a) of RegulationS-K, nor is Dr. Bumol party to any understanding or arrangement pursuant to which he was appointed as a director. In connection with his appointment, the Company’s board of directors determined that Dr. Bumol is an independent director under applicable listing standards of the Nasdaq Stock Market. Dr. Bumol has not yet been appointed to any committee of the Board of Directors.
Pursuant to the Company’snon-employee director compensation policy Dr. Bumol was granted a stock option to purchase 15,000 shares of the Company’s common stock on the date of his appointment. Dr. Bumol will be indemnified by the Company pursuant to the terms of the Company’s standard form of director indemnification agreement.
Item 7.01 | Regulation FD Disclosure. |
On February 12, 2019, the Company issued a press release announcing Dr. Bumol’s appointment. A copy of the press release is furnished as Exhibit 99.1 hereto.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.