RZLT Rezolute

Filed: 18 Feb 21, 4:08pm













Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of report (Date of earliest event reported):  February 11, 2021 





(Exact Name of Registrant as Specified in Charter)




Delaware 000-54495 27-3440894

(State or Other Jurisdiction

of Incorporation)



File Number)


(I.R.S. Employer

Identification No.)


201 Redwood Shores Pkwy, Suite 315, Redwood City, CA 94065

 (Address of Principal Executive Offices, and Zip Code)



Registrant’s Telephone Number, Including Area Code


Not Applicable

 (Former Name or Former Address, if Changed Since Last Report) 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


¨Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 ¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 ¨Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 ¨Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareRZLTNasdaq Capital Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).


Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨








Item 5.02 Departure of Directors or Certain Officers; Election of Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On February 11, 2021, the board of directors of Rezolute, Inc. (the “Company”) approved the compensation arrangements set forth below for the Company’s named executive officers. Such compensation arrangements were previously reviewed and determined by the Company’s compensation committee.


OfficerTitle2021 Target Bonus %2021 SalaryYear-Over-Year Increase
Nevan ElamChief Executive Officer60%$505,0003.06%
Brian RobertsSVP, Clinical Development25%$390,0008.33%


In addition, the Company’s board of directors approved the compensation arrangements of certain other officers of the Company that are not named executive officers of the Company. The 2021 salary ranges of such officers range from $270,000 to $340,000 with target bonus amounts of 25%









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.



DATE:  February 11, 2021By:/s/ Nevan Elam                                   

Nevan Elam

Chief Executive Officer