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CODEXIS INC FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On September 18, 2014, the Board of Directors (the "Board") of Codexis, Inc. (the "Company") increased the size of the Board from seven to eight members and appointed Kathleen Sereda Glaub as a Class II director, with an initial term expiring at the Company's 2015 annual meeting of stockholders. Committee appointments for Ms. Glaub have not been determined. Ms. Glaub will receive compensation as provided in the Company's non-employee director compensation policy. Ms. Glaub will receive an annual cash retainer of $50,000 per year and additional annual retainers for committee service as described in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2014 (the "2014 Proxy Statement"). Under the Company's non-employee director compensation policy, as amended in January 2013, upon her appointment to the Board, Ms. Glaub received a grant of $100,000 of restricted stock under the Company's 2010 Equity Incentive Award Plan, which amounted to 43,478 shares. The restricted stock will vest as to one-third of the shares on each anniversary of the grant date, subject to Ms. Glaub's continued service to the Company through each such vesting date. The Company expects to enter into the Company's standard indemnification agreement with Ms. Glaub. See the descriptions of the Company's standard indemnification agreement and of the 2010 Equity Incentive Award Plan contained in the 2014 Proxy Statement for additional information. |