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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.02 Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 11, 2023 the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Aytu BioPharma, Inc. (“Aytu” or the “Company”) approved the following bonus for the Named Executive Officers (“NEOs”):
Name |
| Title |
| Bonus Amount |
| % of Target |
|
Joshua R. Disbrow | Chief Executive Officer | $118,000 | 33% | ||||
Mark K. Oki | Chief Financial Officer & Secretary | $ 83,000 | 50% |
The bonuses earned by Mr. Disbrow and Mr. Oki will be paid in January 2024. If Mr. Disbrow or Mr. Oki’s employment terminates prior to January 2024, the approved bonus will be paid in full.
