NASDAQ false 0001588972 0001588972 2021-01-08 2021-01-08





Washington, DC 20549







Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 8, 2021



Recro Pharma, Inc.

(Exact name of registrant as specified in its charter)




Pennsylvania   001-36329   26-1523233

(State or other jurisdiction of

incorporation or organization)



File Number)


(I.R.S. Employer

Identification No.)


490 Lapp Road, Malvern, Pennsylvania   19355
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (484) 395-2470

Not Applicable

(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class





Name of Exchange

on Which Registered

Common Stock, par value $0.01   REPH   Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐




Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Equity Grants to Chief Financial Officer

On January 8, 2021, the Compensation Committee (the “Committee”) of the Board of Directors of Recro Pharma, Inc. (the “Company”) approved equity grants to Ryan D. Lake, Chief Financial Officer of the Company, as compensation for his service in 2020. The Committee approved an award of 36,000 restricted stock units (“RSUs”) to Mr. Lake, which will vest in two equal installments on April 8, 2021 and July 8, 2021. The RSUs were awarded in lieu of a cash bonus award for Mr. Lake for 2020. The Committee also approved an award of 200,000 RSUs to Mr. Lake, which will vest with respect to fifty percent (50%) of such award on December 31, 2021 and with respect to the remaining fifty percent (50%) of such award, in 24 equal monthly installments thereafter. The additional award represents Mr. Lake’s equity bonus compensation with respect to his service in 2020.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


Date: January 14, 2021    



/s/ J. David Enloe, Jr.

      J. David Enloe, Jr.
      President and Chief Executive Officer