Legend Biotech (LEGN) reshapes board as GenScript chair joins, two directors exit
Rhea-AI Filing Summary
Legend Biotech Corporation reported several board changes effective January 20, 2026. The company appointed Robin Meng, chairman and executive director of GenScript, as a Class III director with a term running until the 2026 annual general meeting of shareholders. GenScript is Legend Biotech’s largest shareholder and the companies are party to related-party agreements previously described in Legend Biotech’s Form 20-F for the year ended December 31, 2024.
Two directors, Dr. Li Zhu and Yau Wai Man Philip, resigned from the Board, and each resignation was stated not to result from any dispute or disagreement over Legend Biotech’s operations, policies, or practices. In recognition of Mr. Yau’s service, the Compensation Committee approved accelerated vesting of his unvested restricted share units and a one-time cash payment of $56,250, equal to his remaining 2026 board compensation. Following his resignation, Tomas Heyman was appointed chair of the Audit Committee.
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FAQ
What board changes did Legend Biotech (LEGN) announce in this Form 6-K?
Legend Biotech announced that Robin Meng was appointed to its Board as a Class III director, while Dr. Li Zhu and Yau Wai Man Philip resigned from the Board, all effective January 20, 2026.
Who is Robin Meng and what is his relationship to Legend Biotech (LEGN)?
Robin Meng has senior leadership and finance experience in life sciences and biotechnology. He is the chairman and an executive Director of GenScript, which is Legend Biotech’s largest shareholder and a counterparty in several related-party agreements described in Legend Biotech’s Form 20-F for the year ended December 31, 2024.
Did the resignations from Legend Biotech’s (LEGN) Board involve any disputes?
The company stated that the resignations of Dr. Li Zhu and Yau Wai Man Philip were not the result of any dispute or disagreement with Legend Biotech regarding its operations, policies (including accounting or financial policies), or practices.
What compensation did Legend Biotech (LEGN) approve for outgoing director Yau Wai Man Philip?
The Compensation Committee approved accelerated vesting of Mr. Yau’s unvested restricted share units and a one-time cash payment of $56,250, equal to his remaining annual cash compensation for serving on the Board for the remainder of 2026.
Who became chair of Legend Biotech’s (LEGN) Audit Committee after the board changes?
Following the resignation of Yau Wai Man Philip, Tomas Heyman was appointed as the chair of the Audit Committee of the Board, effective January 20, 2026.
How is this Legend Biotech (LEGN) Form 6-K used with existing registration statements?
This Form 6-K is deemed incorporated by reference into Legend Biotech’s registration statements on Form F-3 (Nos. 333-278050, 333-257625, 333-272222) and Form S-8 (Nos. 333-239478, 333-283217), except to the extent later filings supersede it.