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|Item 5.02|| |
Departure of Directors or Certain Officers; Election; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective June 16, 2022, Douglas Paulin resigned as Chief Financial Officer of MediciNova, Inc. (the “Company”).
In addition, effective June 16, 2022, the Board appointed Jason J. Kruger, CPA (inactive), of the accounting services firm Signature Analytics (“Signature Analytics”) to serve as Chief Financial Officer and Principal Financial Officer of the Company. Mr. Kruger replaces Mr. Paulin. Mr. Paulin had also served as the Company’s Chief Financial Officer through a services agreement (the “Services Agreement”) between the Company and Signature Analytics. Under the Services Agreement, as amended, the Company will continue to pay pre-approved hourly rates for the services provided under the Services Agreement. The current term of the Services Agreement, as amended, will expire on August 1, 2022 with automatic annual renewals, subject to earlier termination according to its terms.
Mr. Kruger, age 45, is the president and founder of Signature Analytics since September 2008. From January 2003 until September 2008, Mr. Kruger served as Senior Manager for Deloitte & Touche LLP. From July 1999 to January 2003 Mr. Kruger served as a Senior Accountant for Moss Adams LLP. Mr. Kruger received a Bachelor of Science in Business Administration Accounting and Finance from the University of Arizona.
There are no family relationships between Mr. Kruger and any of the Company’s other directors or executive officers, and Mr. Kruger does not have any direct or indirect material interests in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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.
President and Chief Executive Officer
|Date: June 21, 2022|