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BeyondSpring (BYSI) finalizes CEO Min Qiu salary, bonus and option grant

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8-K/A

Rhea-AI Filing Summary

BeyondSpring Inc. filed an amended report to detail the finalized employment terms for its new Chief Executive Officer, Min Qiu. His agreement provides a base annual salary of $100,000 and eligibility for a target annual bonus equal to 30% of base salary under the company’s bonus programs.

Qiu will receive options to purchase 100,000 ordinary shares, vesting in four equal annual installments under the 2017 Omnibus Incentive Plan. If he is terminated without cause or resigns for good reason, he is entitled to nine months of continued base salary and a pro-rated annual bonus, plus accelerated vesting of unvested options upon certain change-in-control scenarios. Compensation for CFO Na Li remains unchanged.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
CEO base salary $100,000 per year Annual salary for CEO Min Qiu under employment agreement
Target bonus 30% of base salary Annual bonus opportunity for CEO Min Qiu
Option grant size 100,000 ordinary shares Stock options granted to CEO Min Qiu, vesting over four years
Severance duration 9 months base salary Salary continuation on termination without cause or for good reason
Post-change control window 12 months Period after change in control during which a qualifying termination accelerates options
2017 Omnibus Incentive Plan financial
"The options will be granted pursuant to the terms and conditions of the Company’s 2017 Omnibus Incentive Plan"
change in control financial
"In the event of a qualifying termination of employment or a change in control, Mr. Qiu will be entitled to severance payments"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
termination without cause financial
"in the event of a termination without cause or resignation for good reason"
good reason financial
"in the event of a termination without cause or resignation for good reason"
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K/A

 

(Amendment No. 1)

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 4, 2026

 

 

 

BeyondSpring Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands 001-38024 Not Applicable
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

 

100 Campus Drive, West Side, 4th Floor, Suite 410

Florham Park, New Jersey

 07932
(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: +1 (646) 305-6387

 

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:

 

☐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 Trading Symbol(s) Name of each exchange on which registered
Ordinary Shares, par value $0.0001 per share BYSI The NASDAQ Stock Market LLC

 

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. ☐

 

 

 

 

Explanatory Note

 

This Amendment No. 1 on Form 8-K/A (this “Amendment”) amends the Current Report on Form 8-K filed by BeyondSpring Inc. (the “Company”) on June 4, 2026 (the “Original Form 8-K”). The Original Form 8-K reported the appointment of Mr. Min Qiu as Chief Executive Officer of the Company. At the time of the Original Form 8-K, the Company had not yet finalized the compensatory arrangements for Mr. Qiu entered into in connection with his appointment as Chief Executive Officer. This Amendment is being filed to disclose those now finalized arrangements with Mr. Qiu. Except as set forth below, the original filing remains unchanged.

 

The Original Form 8-K also reported the appointment of Ms. Na Li as Chief Financial Officer of the Company. Her compensation remains unchanged in connection with her appointment.

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

In connection with the previously disclosed appointment of Mr. Qiu as Chief Executive Officer, the Company has entered into an employment agreement with Mr. Qiu providing for the compensation described below.

 

Mr. Qiu will receive an annual salary of $100,000 and is eligible to participate in any bonus program sponsored by the Company on a basis consistent with that applicable to other employees at his level, in accordance with Company policy, with a target annual bonus of 30% of base salary.

 

In connection with his appointment as Chief Executive Officer, Mr. Qiu will also be granted options to purchase 100,000 ordinary shares of the Company, which will vest in four equal annual instalments following the grant date. The options will be granted pursuant to the terms and conditions of the Company’s 2017 Omnibus Incentive Plan (the “Plan”) and the Company’s standard form of option award agreement.

 

In the event of a qualifying termination of employment or a change in control, Mr. Qiu will be entitled to severance payments and benefits identical to those previously applicable to Dr. Lan Huang, as disclosed in the section entitled “Potential Payments Upon Termination or Change in Control” in Item 11 of the Company’s most recent Annual Report on Form 10-K. Specifically, in the event of a termination without cause or resignation for good reason, subject to his execution of a release, Mr. Qiu would receive 9 months of continued base salary payments and a pro-rated bonus for the year of termination based on actual performance. In addition, under the terms of the Plan and option award agreement, if the options are assumed or substituted for in the change in control and Mr. Qiu’s employment is terminated without cause within 12 months thereafter, any unvested options will immediately vest, and if the options are not assumed or substituted for in the change of control, any unvested options will immediately vest.

 

The foregoing description of Mr. Qiu’s employment agreement does not purport to be complete and is qualified in its entirety by the full text of the agreement, a copy of which will be filed as an exhibit to the Company’s next periodic report.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.Exhibit
  
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

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: June 29, 2026

 

  BeyondSpring Inc.
   
  By: /s/ Lan Huang
  Name: Lan Huang
  Title: Chairperson

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What executive compensation changes did BeyondSpring (BYSI) disclose in this 8-K/A?

BeyondSpring disclosed finalized compensation terms for new CEO Min Qiu. He will receive a $100,000 annual salary, a target bonus equal to 30% of salary, and options to purchase 100,000 ordinary shares with four-year vesting, plus defined severance and change-in-control protections.

What is BeyondSpring (BYSI) CEO Min Qiu’s base salary and bonus opportunity?

Min Qiu’s employment agreement provides a $100,000 annual base salary and a target annual bonus of 30% of base salary. Bonus eligibility is under company programs applicable to employees at his level, with payouts based on actual performance and company policy.

How many stock options did BeyondSpring (BYSI) grant to CEO Min Qiu?

BeyondSpring will grant Min Qiu options to purchase 100,000 ordinary shares. These options vest in four equal annual installments after the grant date and are issued under the company’s 2017 Omnibus Incentive Plan and standard option award agreement terms.

What severance benefits can BeyondSpring (BYSI) CEO Min Qiu receive upon termination?

If Min Qiu is terminated without cause or resigns for good reason, he is entitled to nine months of continued base salary and a pro-rated annual bonus based on actual performance, subject to signing a release. These terms mirror prior CEO Dr. Lan Huang’s protections.

How are Min Qiu’s stock options treated if BeyondSpring (BYSI) has a change in control?

If Min Qiu’s options are assumed or substituted in a change in control and he is terminated without cause within 12 months, all unvested options vest immediately. If the options are not assumed or substituted in the change in control, all unvested options also fully vest.

Did BeyondSpring (BYSI) change CFO Na Li’s compensation in this filing?

No, the company stated that Na Li’s compensation remains unchanged in connection with her appointment as Chief Financial Officer. The amendment focuses solely on disclosing finalized employment and compensation arrangements for Chief Executive Officer Min Qiu.

Filing Exhibits & Attachments

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