SmartKem Inc. Announces Revised Compensation Plan, Granting Equity Awards and Increasing CEO Severance Package
SmartKem Inc. has announced new compensation terms for its executive officers and board members, effective September 3, 2025. The company's CEO, Ian Jenks, has been granted options to purchase 160,005 shares of common stock, while CFO Barbra Keck received options for 71,077 shares. Non-employee board members Klaas de Boer, Sri Peruvemba, Melisa Denis, and Steven DenBaars were each awarded options for 22,466 shares. These options have an exercise price of $1.16, matching the closing price on the Nasdaq Capital Market on the grant date, and vest over a 36-month period. Additionally, an amendment to Mr. Jenks's employment agreement increases his cash severance entitlement to twelve months of base salary if terminated without cause or upon resignation for good reason. As of September 5, 2025, SmartKem reported 5,479,787 shares of common stock outstanding.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SmartKem Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-087838), on September 05, 2025, and is solely responsible for the information contained therein.
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