Celcuity Inc. 8-K Summary
Business context and reporting period: This current report covers a board appointment effective October 1, 2026; it is not a periodic financial-results filing. The company is a Delaware corporation whose common stock trades on Nasdaq under CELC.
Financial information
The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating results, and no comparison with a prior period. It reports no guidance or financial outlook.
Board change and compensation
- The board increased from eight to nine members and appointed David W. Gryska as an independent director. His term runs through the 2027 Annual Meeting and election of a successor, unless ended earlier.
- Mr. Gryska was appointed to the Audit Committee and Compensation Committee.
- Director compensation currently includes an annual cash retainer of $70,000 and an annual equity award with a fair market value of $100,000; amounts for Mr. Gryska are prorated. He received 893 restricted stock units under the 2026 Stock Incentive Plan, vesting in full at the earlier of the 2027 Annual Meeting or April 30, 2027.
- The company reported no arrangements underlying his selection and no related-party relationships or transactions requiring disclosure under Item 404(a) of Regulation S-K.
Disclosure and items to verify
The company announced the appointment in a press release dated October 2, 2026, furnished as Exhibit 99.1. The Item 7.01 information and exhibit are furnished, not deemed filed for Exchange Act Section 18 purposes.
- Verify the terms and vesting of the 893 restricted stock units and the pro-rated compensation amounts in subsequent disclosures.
- Review the furnished press release for any additional details about Mr. Gryska’s appointment or background.