electroCore, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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Item 5. Other Information
(a)
Resignation of Director
On May 5, 2026, Thomas M. Patton resigned as a member of the Company’s Board, and as chair of the Audit Committee, effective May 16, 2026.
In connection with Mr. Patton’s resignation, the size of the Board was decreased by resolution of the Board from seven to six members, effective on the effective date of Mr. Patton’s resignation.
Mr. Patton has confirmed that his resignation was not the result of any disagreement with the Company, the Board, or management regarding any matter relating to the Company’s operations, policies, or practices.
In connection with Mr. Patton’s resignation, the Compensation Committee and the Board approved the accelerated vesting of 6,337 deferred stock units previously granted to Mr. Patton, effective as of the date of his resignation.
The Board and the Company are deeply grateful for Mr. Patton’s service, dedication, and contributions to the Company.
Effective as of May 16, 2026, John P. Gandolfo, a member of the Board and the Audit Committee, was appointed as chair of the Audit Committee. As disclosed in the Annual Report, the Board has determined that Mr. Gandolfo is an “audit committee financial expert” as defined by SEC rules and regulations, and is independent under Nasdaq listing rules and under Rule 10A-3 of the Securities Exchange Act of 1934, as amended.
| (b) | Not applicable. |
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| (c) | Trading Plans. |
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During the quarter ended March 31, 2026, no director or Section 16 officer adopted orterminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (in each case, as defined in Item 408(a) of Regulation S-K promulgated by the SEC).
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