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 August 26, 2023, the Board of Directors (the “Board”) of Omega Therapeutics, Inc. (the “Company”) elected Michelle C. Werner as a Class I director of the Company and appointed Ms. Werner as a member of the Board’s Nominating and Corporate Governance Committee, effective August 28, 2023 (the “Effective Date”). On the Effective Date, Noubar B. Afeyan, Ph.D., submitted his resignation as a member of and Chair of the Board.
Ms. Werner is eligible to participate in the Company’s Non-Employee Director Compensation Program, including receipt of an annual retainer of $35,000 for her Board service, an additional annual retainer of $4,000 for her service as a member of the Nominating and Corporate Governance Committee, and an initial award of an option to purchase 36,713 shares of the Company’s common stock (the “Initial Award”). The Initial Award has an exercise price equal to $3.62 per share, the fair market value of a share of the Company’s common stock on the Effective Date, and will vest and become exercisable in 36 substantially equal monthly installments after the Effective Date, such that the Initial Award shall be vested and exercisable as to all shares on the third anniversary of the Effective Date, subject to Ms. Werner’s continued service with the Company. Ms. Werner has also entered into the Company’s standard indemnification agreement for directors and officers.
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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.
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OMEGA THERAPEUTICS, INC. |
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Date: August 29, 2023 |
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By: |
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/s/ Mahesh Karande |
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Mahesh Karande |
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President and Chief Executive Officer |
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