Longeveron Inc. (NASDAQ: LGVN) recently disclosed in an 8-K filing to the Securities and Exchange Commission that Mr. Neil Hare has tendered his resignation from the company’s Board of Directors, effective immediately. The resignation notice was provided on January 27, 2025.
In the filing, it was clarified that Mr. Neil Hare’s decision to resign stemmed from accepting a new professional role that prevents him from continuing to serve as a member of any public company Board of Directors. It was emphasized that the departure was not due to any disagreements with Longeveron Inc. on matters related to the company’s operations, policies, practices, or management.
The 8-K filing further outlined that as an emerging growth company as per Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934, Longeveron Inc. has elected not to use the extended transition period for adhering to any new or revised financial accounting standards set forth in Section 13(a) of the Exchange Act.
As per the filing, no other significant events were reported apart from the resignation of Mr. Neil Hare from the Board of Directors. The departure does not impact the company’s operations, policies, practices, or the overall management and Board of Longeveron Inc.
This news marks a notable change within the company’s leadership structure as Longeveron Inc. navigates through its ongoing activities in the field of regenerative medicine and life sciences.
The company’s shares on The Nasdaq Capital Market present an area of interest for investors and analysts who track emerging growth companies in various sectors. Longeveron Inc. remains focused on its commitment to advancing regenerative medicine solutions and addressing key healthcare challenges.
The 8-K filing concluded with the formal resignation statement from Mr. Neil Hare, underscoring the professional shift that led to his decision. Wa’el Hashad, Longeveron Inc’s Chief Executive Officer, signed the report on behalf of the company.
This update brings about changes in Longeveron Inc.’s governance and sets the stage for potential adjustments in the Board composition moving forward.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Longeveron’s 8K filing here.
About Longeveron
Longeveron Inc, a clinical stage biotechnology company, develops cellular therapies for aging-related and life-threatening conditions in the United States and Japan. The company’s lead investigational product is the LOMECEL-B, an allogeneic mesenchymal stem cell formulation sourced from the bone marrow of young and healthy adult donors.
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