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Corbus Pharmaceuticals (NASDAQ: CRBP) adds industry veteran to board and expands 2024 equity plan

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Corbus Pharmaceuticals Holdings, Inc. appointed Brent Pfeiffenberger to its Board of Directors, expanding the board to seven members. He is considered independent under Nasdaq rules and will receive a $40,000 annual cash retainer, pro-rated, plus equity awards under the company’s standard non-employee director plan.

Stockholders approved an amendment to the 2024 Equity Compensation Plan to increase the shares of common stock authorized for issuance by 3,000,000 to 5,000,000, and also ratified EisnerAmper LLP as auditor, approved executive compensation on an advisory basis, and chose an annual say-on-pay vote. A press release highlighted upcoming data for oncology candidate CRB-701 and obesity candidate CRB-913, including a planned registrational study for CRB-701 and a 240-patient Phase 1b CANYON-1 study for CRB-913 expected to complete in summer 2026.

Positive

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Negative

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Insights

Board strengthened and equity plan expanded while key clinical milestones approach.

Corbus added Brent Pfeiffenberger, an experienced oncology and cell therapy executive, to its board, potentially supporting future commercialization and partnering decisions. He brings leadership experience from Century Therapeutics, Neogene Therapeutics and Bristol Myers Squibb’s U.S. oncology franchise.

Stockholders approved increasing the 2024 Equity Compensation Plan authorization by 3,000,000 shares to 5,000,000, giving the company more capacity for stock-based incentives. This can help attract and retain talent but also adds potential equity dilution over time, depending on actual grants.

The press release underscores near-term clinical catalysts: updated Phase 1/2 data for CRB-701 at the 2026 ASCO meeting, an expected registrational study in second-line HNSCC starting this summer, and completion of the 240-patient CANYON-1 Phase 1b study of CRB-913 in obesity in summer 2026. Subsequent disclosures will clarify outcomes and regulatory paths.

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 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Board size 7 directors Expanded board with Brent Pfeiffenberger appointment
Director cash retainer $40,000 per year Standard annual cash retainer for non-employee directors, pro-rated
Equity plan increase 3,000,000 shares Additional shares authorized under 2024 Equity Compensation Plan
Total equity plan authorization 5,000,000 shares Total common stock authorized for issuance under 2024 plan after amendment
Votes for 2024 Plan Amendment 5,950,038 votes For votes on equity plan amendment proposal
Votes against 2024 Plan Amendment 4,099,773 votes Against votes on equity plan amendment proposal
Auditor ratification votes for 14,102,264 votes Votes for ratifying EisnerAmper LLP as auditor
CANYON-1 study size 240 patients Planned enrollment for CRB-913 Phase 1b CANYON-1 study
2024 Equity Compensation Plan financial
"approved the amendment to the Company’s 2024 Equity Compensation Plan (the “2024 Plan Amendment”)"
indemnification agreement regulatory
"the Company entered into an indemnification agreement with Dr. Pfeiffenberger"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
broker non-votes financial
"Votes For | | Votes Withheld | | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Phase 1/2 study medical
"Updated clinical data from Corbus’s Phase 1/2 study of CRB-701"
A phase 1/2 study is an early-stage clinical trial that first tests a new drug or treatment for how safe it is and what dose people can tolerate (phase 1), then expands to see whether it shows initial signs of working in patients (phase 2). Think of it as a combined test-drive and small pilot launch: it helps companies gather crucial safety and early effectiveness data faster than separate trials, so investors use the results to gauge whether a treatment is worth further development or funding, while remembering that outcomes at this stage are still preliminary and risky.
registrational study medical
"expects to initiate a registrational study for CRB-701 in second-line HNSCC"
A registrational study is a late-stage clinical trial designed to give the government regulators the evidence they need to decide whether a drug, therapy, or medical device can be approved for sale. Think of it as the final exam or road test for a medical product: its results largely determine whether the product can reach the market, which directly affects potential revenue, company valuation, and investor risk.
CB1 inverse agonist medical
"CRB-913, a highly peripherally restricted oral CB1 inverse agonist, is on track"
A CB1 inverse agonist is a drug that binds to the brain and nervous system’s CB1 cannabinoid receptor and pushes its activity below its normal resting level, producing effects opposite to those of cannabis-like stimulation. For investors, these drugs matter because altering appetite, mood, pain or addiction pathways can create significant market opportunities or regulatory risks—think of it as turning a dimmer switch lower than the factory setting to achieve a different therapeutic outcome.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 13, 2026

CORBUS PHARMACEUTICALS HOLDINGS, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-37348

46-4348039

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

500 River Ridge Drive

Norwood, Massachusetts

02062

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (617) 963-0100

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

Common Stock, par value $0.0001 per share

CRBP

The 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.

Director Appointment

 

On May 13, 2026, the board of directors (the “Board”) of Corbus Pharmaceuticals Holdings, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Brent Pfeiffenberger, age 48, to serve as a member of the Board, thereby expanding the Board to seven members. Dr. Pfeiffenberger will hold this position until the next annual meeting of the Company’s stockholders or until his successor is elected and qualified, subject to his earlier resignation or removal. The Board has determined that Dr. Pfeiffenberger is independent within the meaning of the Nasdaq Listing Rules and Rule 10A-3 under the Securities Exchange Act of 1934, as amended.

 

Dr. Pfeiffenberger has been the President and Chief Executive Officer and a member of the board of directors of Century Therapeutics, Inc. (NASDAQ: IPSC) since December 2023, and was appointed chairman of the board of directors in August 2025. Dr. Pfeiffenberger previously served as Chief Operating Officer of Neogene Therapeutics Inc., a clinical-stage biotechnology company, from May 2021 until December 2023. Prior to this, Dr. Pfeiffenberger held various positions at Bristol-Myers Squibb Company, or Bristol-Myers, a global biopharmaceutical company, including Senior Vice President and Head of U.S. Oncology from October 2019 until May 2021; Co-Lead of Worldwide Commercial Oncology from July 2018 until October 2019; General Manager for Australia and New Zealand from March 2016 until June 2018; and several additional leadership and managerial positions within Bristol-Myers prior to this. Dr. Pfeiffenberger received an M.B.A. from The Wharton School at the University of Pennsylvania and a Pharm.D. from Duquesne University.

 

Dr. Pfeiffenberger will participate in the Company’s standard non-employee director compensation plan, including an annual cash retainer fee of $40,000 for board members (pro-rated for the current year), and an annual grant of equity awards. In addition, the Board expects to grant Dr. Pfeiffenberger an initial equity award in connection with his appointment; however, the terms and amount of such award have not yet been determined by the Board as of the date of this filing. The Company will disclose the material terms of any such equity award on a Current Report on Form 8-K or an amendment to this Current Report following the Board’s determination.

 

There are no transactions between Dr. Pfeiffenberger and the Company that would be reportable under Item 404(a) of Regulation S-K.

 

Concurrently with the appointment, the Company entered into an indemnification agreement with Dr. Pfeiffenberger (the “Indemnification Agreement”), in the form previously filed as Exhibit 10.15 to Amendment No. 1 to the Company’s Registration Statement on Form S-1 (filed September 30, 2014). The Indemnification Agreement obligates the Company, to the fullest extent permitted by applicable law, to indemnify Dr. Pfeiffenberger for expenses (including attorneys’ fees), judgments, penalties, fines and settlement amounts incurred in any action or proceeding arising out of his service as a director, and to advance such expenses subject to repayment if indemnification is ultimately determined to be unavailable. The Indemnification Agreement also preserves the Company’s right to assume the defense of claims and does not limit any other indemnification rights available under applicable law, the Company’s organizational documents, or otherwise.

 

The foregoing is a summary of the material terms of the Indemnification Agreement and does not purport to be complete.

 

Amendment to 2024 Equity Compensation Plan

 

On May 13, 2026, the Company held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders of the Company approved the amendment to the Company’s 2024 Equity Compensation Plan (the “2024 Plan Amendment”) to increase the number of shares of common stock authorized for issuance thereunder by 3,000,000 shares to 5,000,000. The Board had previously approved the 2024 Plan Amendment on March 20, 2026, subject to stockholder approval, and the 2024 Plan Amendment became effective upon such stockholder approval.

 

The 2024 Plan Amendment was summarized in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 2, 2026 (as supplemented, the “Proxy Statement”) under the heading “Proposal 2: Approval of an Amendment to the Corbus Pharmaceuticals Holdings, Inc. 2024 Equity Compensation Plan to Increase the Number of Shares of Common Stock Authorized For Issuance Thereunder by 3,000,000 Shares to 5,000,000 Shares” and reflected in Annex B to the Proxy Statement, which description is incorporated herein by reference.

 

The foregoing description of the 2024 Plan Amendment is not complete and is qualified in its entirety by reference to the full text of the 2024 Plan Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.


Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 13, 2026, the Company held its annual meeting of stockholders (the “Annual Meeting”). The matters voted on at the Annual Meeting were: (1) the election of directors, (2) the approval of the 2024 Plan Amendment, (3) the ratification of the appointment of EisnerAmper LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026, (4) the approval, on an advisory basis, of the executive compensation of the Company’s named executive officers, and (5) the approval, on an advisory basis, of how often the Company will conduct an advisory vote on executive compensation. The final voting results were as follows:

1. The election of each of Yuval Cohen, Rachelle Jacques, John Jenkins, Anne Altmeyer, Yong Ben, and Winston Kung as directors to hold office for a term of one year, until his or her successor is duly elected and qualified or he or she is otherwise unable to complete his or her term.

The votes were cast for this matter as follows:

 

Nominees

Votes For

Votes Withheld

Broker Non-Votes

Yuval Cohen

9,986,956

87,114

4,060,300

Rachelle Jacques

9,647,139

426,931

4,060,300

John Jenkins

9,636,703

 

437,367

4,060,300

Anne Altmeyer

9,621,769

 

452,301

4,060,300

Yong Ben

9,988,459

85,611

4,060,300

Winston Kung

9,979,901

94,169

4,060,300

2. The proposal to approve the 2024 Plan Amendment, was approved based on the following votes:

Votes For

Votes Against

Abstentions

Broker Non-Votes

5,950,038

4,099,773

24,259

4,060,300

3. The proposal to ratify the appointment of EisnerAmper LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026, was approved based upon the following votes:

Votes For

Votes Against

Abstentions

14,102,264

14,731

17,375

4. The proposal to vote, on an advisory basis, on the compensation of the Company’s named executive officers as described in the Company’s definitive proxy statement was approved based upon the following votes:

Votes For

Votes Against

Abstentions

Broker Non-Votes

9,325,932

721,442

26,696

4,060,300

 

5. The votes were cast as follows with respect to the proposal to vote, on an advisory basis, on whether an advisory vote on executive compensation should occur every year, two years or three years. In accordance with the votes, an advisory vote to approve executive compensation will occur every year until the next required vote on the frequency of future advisory votes to approve executive compensation, or until the Company otherwise determines that a different frequency for such advisory votes is in the best interest of the Company:

Every Year

Every Two Years

Every Three Years

Abstentions

9,712,048

151,354

198,373

12,295

 

Item 7.01 Regulation FD Disclosure.

 

On May 14, 2026, the Company issued a press release announcing the appointment of Dr. Pfeiffenberger to its Board. A copy of the press release is furnished as Exhibit 99.1 hereto and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

 


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.

Description

10.1

Amendment to the Corbus Pharmaceuticals Holdings, Inc. 2024 Equity Compensation Plan.

99.1

 

Press Release issued by Corbus Pharmaceuticals Holdings, Inc. dated May 14, 2026.

104

Cover 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.

Corbus Pharmaceuticals Holdings, Inc.

Date:

May 14, 2026

By:

/s/ Yuval Cohen

Name: Yuval Cohen
Title: Chief Executive Officer

 

 

 


Exhibit 99.1

 

Corbus Pharmaceuticals Appoints Pharma Industry Veteran Brent Pfeiffenberger to Board of Directors

 

NORWOOD, Mass., May 14, 2026 (GLOBE NEWSWIRE) -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), a clinical-stage company focused on developing promising new therapies in oncology and obesity, today announced the appointment of Brent Pfeiffenberger, PharmD, MBA, to the Company’s Board of Directors.

 

“Brent is an accomplished pharma industry leader with deep expertise across research, development, and commercialization of life-saving drugs,” said Rachelle Jacques, Chair of the Corbus Board of Directors. “His proven record of delivering value-generating commercial successes and steering notable corporate evolutions adds distinctive perspective to the Corbus Board. We look forward to Brent’s contributions as we work to advance our CRB-701 and CRB-913 clinical programs.”

 

Dr. Pfeiffenberger is currently President and Chief Executive Officer of Century Therapeutics (NASDAQ: IPSC) and the Chair of its Board of Directors. Prior to joining Century, Dr. Pfeiffenberger served as Chief Operating Officer of Neogene Therapeutics. He played a central role in driving Neogene’s evolution from a preclinical company to a global, clinical-stage organization with multiple assets, ultimately culminating in its acquisition by AstraZeneca in 2023. Prior to Neogene, Dr. Pfeiffenberger spent nearly two decades in leadership roles of increasing responsibility at Bristol Myers Squibb, most recently as Senior Vice President, Head of U.S. Oncology, where he oversaw business operations for the multi-billion-dollar franchise. Earlier, he held several critical global leadership positions at Bristol Myers Squibb, building, leading, and expanding commercial and business operations, including serving as Co-Lead, Head of Worldwide Commercial Oncology. In this role, he led strategy and execution for a large-scale oncology portfolio, working in close partnership with Research and Development to shape global development strategies. Dr. Pfeiffenberger received his PharmD from Duquesne University and his MBA from the Wharton School of Business at the University of Pennsylvania.

 

“I’m impressed with the clinical opportunities presented by CRB-701 in oncology and CRB-913 in obesity, and the Corbus team’s strategic cultivation of these assets’ markedly differentiated profiles,” said Dr. Pfeiffenberger. “With important data readouts for both programs expected this summer, as well as the anticipated initiation of a registrational study for CRB-701, it’s a particularly exciting time to join Corbus’s board,” said Dr. Pfeiffenberger. “I look forward to working with the management team and my fellow Board colleagues as Corbus advances toward critical near- and longer-term milestones.”

 

Updated clinical data from Corbus’s Phase 1/2 study of CRB-701, a next generation Nectin-4 ADC, in both head and neck squamous cell carcinoma (HNSCC) and cervical cancer will be presented at the upcoming 2026 American Society of Clinical Oncology (ASCO) Annual Meeting, to be held May 29 – June 2 in Chicago, IL. Corbus recently announced broad alignment with the


FDA on the registration path for CRB-701 in HNSCC and expects to initiate a registrational study for CRB-701 in second-line HNSCC this summer. The Company’s CANYON-1 Phase 1b dose-ranging 16-week study (n=240) for CRB-913, a highly peripherally restricted oral CB1 inverse agonist, is on track to be completed in the summer of 2026.

 

About Corbus

Corbus Pharmaceuticals Holdings, Inc. is a clinical-stage company focused on developing promising new therapies in oncology and obesity and is committed to helping people defeat serious illness by bringing innovative scientific approaches to well-understood biological pathways. Corbus’ pipeline includes CRB-701, a next-generation antibody drug conjugate for the treatment of Nectin-4-expressing tumors, and CRB-913, an orally delivered highly peripherally restricted CB1 inverse agonist for the treatment of obesity. Corbus is headquartered in Norwood, Massachusetts. For more information on Corbus, visit corbuspharma.com. Connect with us on X, LinkedIn and Facebook.

 

Forward-Looking Statements

 

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act of 1995, as amended, including those relating to the Company’s trial results, product development, clinical and regulatory timelines, including timing for completion of trials and presentation of data, anticipated regulatory interactions and outcomes,market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities, sufficiency of cash runway and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management’s current beliefs and assumptions.

 

These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors on our operations, clinical development plans and timelines, which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company’s filings with the Securities and Exchange Commission including those described in our Annual Report on Form 10-K for the year ended December 31, 2025. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

 


All product names, logos, brands and company names are trademarks or registered trademarks of their respective owners. Their use does not imply affiliation or endorsement by these companies.

 

INVESTOR CONTACTS:

Sean Moran

Chief Financial Officer

Corbus Pharmaceuticals

smoran@corbuspharma.com

 

Dan Ferry

Managing Director

LifeSci Advisors, LLC

daniel@lifesciadvisors.com

 

MEDIA CONTACT:

Liz Melone

Founder & Principal

Melone Communications, LLC

liz@melonecomm.com


FAQ

What board change did Corbus Pharmaceuticals (CRBP) announce in this 8-K?

Corbus appointed Brent Pfeiffenberger to its Board of Directors, expanding the board to seven members. He is deemed independent under Nasdaq rules and brings senior experience from Century Therapeutics, Neogene Therapeutics and Bristol Myers Squibb’s oncology business, potentially enhancing strategic and commercial expertise on the board.

How did Corbus (CRBP) change its 2024 Equity Compensation Plan?

Stockholders approved an amendment increasing shares authorized under the 2024 Equity Compensation Plan by 3,000,000 to 5,000,000. The plan provides stock-based awards to employees, directors and other service providers, and the larger share pool gives the company more flexibility in using equity incentives for compensation and retention.

What shareholder voting results did Corbus Pharmaceuticals (CRBP) report?

Shareholders elected six directors, approved the equity plan amendment, ratified EisnerAmper LLP as auditor, and backed executive pay on an advisory basis. They also supported holding an advisory vote on executive compensation every year, setting the frequency until the next required say-on-pay frequency vote.

What upcoming clinical milestones did Corbus (CRBP) highlight for CRB-701?

Corbus plans to present updated Phase 1/2 data for CRB-701 in HNSCC and cervical cancer at the 2026 ASCO Annual Meeting. The company also reported broad alignment with the FDA on the registration path and expects to initiate a registrational study in second-line HNSCC this summer.

What is Corbus Pharmaceuticals’ CRB-913 obesity program mentioned in the filing?

CRB-913 is described as a highly peripherally restricted oral CB1 inverse agonist being developed for obesity. The CANYON-1 Phase 1b dose-ranging 16-week study, with an enrollment target of 240 participants, is reported to be on track for completion in the summer of 2026.

What compensation will Brent Pfeiffenberger receive as a Corbus (CRBP) director?

Pfeiffenberger will receive Corbus’s standard non-employee director compensation, including a $40,000 annual cash retainer, pro-rated for 2026. He will also receive annual equity awards, and the board expects to grant him an initial equity award, with specific terms to be disclosed later.

Filing Exhibits & Attachments

3 documents