x

Posted 03 February, 2023

Metacrine, Inc. appointed Michael York as new CEO

Nasdaq:MTCR appointed new Chief Executive Officer Michael York in a 8-K filed on 03 February, 2023.


  As previously disclosed, on January 24, 2023, the Board of Directors (the "Board") of Metacrine, Inc. (the "Company") appointed Michael York, the Company's Chief Business Officer, to the additional positions of President, Chief Executive Officer and Secretary, and designated Mr. York as the Company's principal executive officer, in each case effective as of February 1, 2023.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Metacrine, Inc.
Health Care/Life Sciences • Pharmaceuticals
Metacrine, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovery and development of therapies for patients with liver and gastrointestinal (GI) diseases. It offers farnesoid X receptor (FXR), which is central to modulating liver and GI diseases. The company was founded by Ronald M. Evans, Richard A. Heyman, and Michael Downes in 2014 and is headquartered in San Diego, CA.
Market Cap
N/A
View Company Details
Metacrine, Inc. by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


As previously disclosed, on January 24, 2023, the Board of Directors (the "Board") of Metacrine, Inc. (the "Company") appointed Michael York, the Company's Chief Business Officer, to the additional positions of President, Chief Executive Officer and Secretary, and designated Mr. York as the Company's principal executive officer, in each case effective as of February 1, 2023. Mr. York continues to serve as the Company's Chief Business Officer, Treasurer, principal financial officer and principal accounting officer. 

On February 2, 2023, in connection with Mr. York's promotion to the positions of President, Chief Executive Officer and Secretary, the Compensation Committee of the Board approved (i) an $80,000 base salary increase, effective as of February 1, 2023, (ii) a one-time bonus of $100,000 payable upon the Company's entry into an asset purchase agreement to sell the assets related to its farnesoid X receptor program, and (iii) a target bonus percentage for fiscal year 2023 of 40%.