Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 10, 2021, Amyris, Inc. (the “Company”) was notified of Patrick Yang’s decision to resign from the Company’s Board of Directors (the “Board”), effective September 1, 2021. Mr. Yang had been serving on the Board since July 2014. His resignation is not the result of any disagreement with the Company or due to any matter relating to its operations, policies or practices.
On August 10, 2021, the Board appointed Ryan Panchadsaram as a Class III director (whose initial term will expire at the Company’s annual meeting of stockholders to be held in 2022 or upon his earlier death, resignation or removal) to fill the vacancy resulting from the resignation of Christoph Goppelsroeder from the Board on April 1, 2021. Mr. Panchadsaram formerly served as Deputy Chief Technology Officer for the United States and currently serves as Advisor to the Chairman of Kleiner Perkins.
Mr. Panchadsaram is eligible for the Company’s standard compensation for non-employee directors, as disclosed in the “Director Compensation” section of the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 12, 2021. The Company will enter into an indemnification agreement with Mr. Panchadsaram in the form that it has entered into with its other directors and that is filed as Exhibit 10.01 to the Company’s registration statement on Form S-1 (File No. 333-166135). The indemnification agreement and the Company’s restated certificate of incorporation, as amended, and restated bylaws require the Company to indemnify its directors to the fullest extent permitted by Delaware law.
There is no arrangement or understanding with any person pursuant to which Mr. Panchadsaram was appointed as a member of the Board, and Mr. Panchadsaram does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibits are furnished herewith:
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Exhibit Number
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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