Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Interim Chief Financial Officer On September 29, 2026, Erick Frim notified Apimeds Pharmaceuticals US, Inc., a Delaware corporation (the “Company”), of his resignation as Interim Chief Financial Officer of the Company, effective immediately.…
Filed Oct 1, 2026Accepted Oct 1, 2026, 9:15 AM EDTCIK 1894525Accession 0001213900-26-105484
We are a clinical stage biopharmaceutical company that is in the process of developing Apitox, an intradermally administered bee venom-based toxin which potentially exhibits diverse therapeutic effects. Apitox is currently marketed and sold by Apimeds Inc. (“Apimeds Korea”) in the South Korea as “Apitoxin.” Apimeds US is not associated with the market, sale and revenues generated from Apitoxin in South Korea, and Apitoxin has not been approved by the U.S. Food and Drug Administration (the “FDA”) for any indication. Apimeds is currently developing Apitox as a potential osteoarthritis (“OA”) treatment for patients with knee pain who failed to respond adequately to conservative non-pharmacologic therapy and simple analgesics.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Interim Chief Financial Officer
On September 29, 2026,
Erick Frim notified Apimeds Pharmaceuticals US, Inc., a Delaware corporation (the “Company”), of his resignation as
Interim Chief Financial Officer of the Company, effective immediately. As previously disclosed, Mr. Frim was reappointed as Interim Chief
Financial Officer on March 30, 2026. Mr. Frim’s resignation was not the result of any disagreement with the Company on any matter
relating to the Company’s operations, policies or practices.
Appointment of
Chief Financial Officer
On September 30, 2026, the Board of Directors
(the “Board”) of the Company appointed Eric Sherb, age 40, as Chief Financial Officer of the Company, effective October
1, 2026.
Mr. Sherb will serve as the Company’s principal
financial officer and principal accounting officer. Mr. Sherb is a Certified Public Accountant with over 18 years of experience in the
capital markets. In January 2019, Mr. Sherb founded EMS Consulting Services, LLC, an accounting and advisory firm, where he has since
served as its Principal. Through EMS Consulting Services, Mr. Sherb has assisted private and public companies via CFO services, complex
technical accounting, U.S. GAAP and SEC reporting, PCAOB audit coordination, IPO readiness, mergers and acquisitions, corporate governance,
and the oversight of accounting and controllership functions. Prior to founding EMS Consulting Services, Mr. Sherb began his career at
PricewaterhouseCoopers LLP in New York before working at mid-market accounting and advisory firms in the capital markets. Mr. Sherb received
his degree from Emory University. Since February 2026, through EMS Consulting Services, Mr. Sherb has also served as fractional Chief
Financial Officer of MindWave Innovations Inc., a wholly owned subsidiary of the Company, an engagement that will terminate in connection
with his appointment.
In connection with his appointment, the Company
entered into an Executive Employment Agreement with Mr. Sherb, effective October 1, 2026 (the “Employment Agreement”).
Under the Employment Agreement, Mr. Sherb will receive a base salary of $60,000 per year.
The compensation described above does not include
any equity-based compensation awards that may be granted to Mr. Sherb in the future under the Company’s equity incentive plan.
There is no arrangement or understanding between
Mr. Sherb and any other person pursuant to which he was selected to this position. There are no transactions involving the Company and
Mr. Sherb that are required to be reported pursuant to Item 404(a) of Regulation S-K. Mr. Sherb has no family relationships with any of
the Board or executive officers of the Company.