Business Context and Reporting Period
This Form 8-K Current Report is filed by Hyperion DeFi, Inc. (Nasdaq: HYPD) for the reporting period ending September 29, 2025. The filing primarily addresses Item 5.02 regarding the appointment of a new Chief Financial Officer and Item 7.01 regarding Regulation FD disclosure.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
Material Changes
The material change reported is the appointment of David Knox as Chief Financial Officer, Treasurer, and Secretary, effective September 29, 2025. Mr. Knox joins from PayPal Holdings, Inc., where he served as Head of Capital Markets and Head of Finance for Global Credit and Financial Services.
Management Commentary and Compensation Details
Mr. Knox's appointment is governed by an executive employment agreement with the following terms:
- Base Salary: $400,000 annually.
- Sign-on Bonus: One-time payment of $75,000.
- Inducement Equity Award: 100,000 restricted stock units (RSUs) vesting in two equal installments (6 months and 1 year) subject to continued employment.
- Milestone Grants: 200,000 RSUs (two grants of 100,000 each) subject to the Company reaching specific milestones. These vest quarterly over 12 months following milestone achievement.
- Employment Status: "At-will" with no set term. Termination entitles Mr. Knox to accrued obligations.
The filing states there are no family relationships between Mr. Knox and other directors/officers, and no undisclosed transactions exist under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the specific performance milestones required for the 200,000 RSU Milestone Grants by reviewing the attached Employment Agreement (Exhibit 10.1).
- Confirm the vesting schedule and forfeiture conditions for the 100,000 RSU Inducement Award.
- Review the press release (Exhibit 99.1) for any additional strategic context regarding the leadership change.
- Note that this filing contains no financial results; investors should refer to the most recent 10-Q or 10-K for financial health metrics.