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
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
AlloVir, Inc.
| |
| (Address of principal executive offices, including zip code) |
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(Former Name or Former Address, if Changed Since Last Report)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
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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 May 31, 2024, the board of directors (the “Board”) of AlloVir, Inc. (the “Company”), upon the recommendation of the compensation committee of the Board, approved potential cash bonus payments of $100,000 to each of Diana Brainard, the Company’s Chief Executive Officer, Vikas Sinha, the Company’s President and Chief Financial Officer, and Edward Miller, the Company’s General Counsel and Secretary (the “Transaction Bonuses”). Dr. Brainard and Mr. Sinha each abstained on the Board’s decision to approve their respective Transaction Bonus. The achievement and payment of the Transaction Bonuses are contingent upon the Board’s execution of a definitive agreement during fiscal year 2024 for a change of control transaction, the criteria of which is to be determined by the Board (the “Strategic Transaction”), and continued employment with the Company through the consummation of the Strategic Transaction.
SIGNATURE
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.
| AlloVir, Inc. | ||||||
| Date: June 3, 2024 | By: | /s/ Edward Miller | ||||
| Name: Edward Miller | ||||||
| Title: General Counsel | ||||||