Vaxcyte adds Moncef Slaoui to board
Vaxcyte, Inc. announced a planned change on its board of directors.
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Rhea-AI Filing Summary
Vaxcyte, Inc. announced a planned change on its board of directors. On June 17, 2026, long‑serving director Jacks Lee retired from the board, with the company stating his retirement was not due to any disagreement or dispute. He will continue to support Vaxcyte under a consulting agreement focused on global strategic supply and manufacturing operations.
That same day, the board appointed Moncef Slaoui as a Class II independent director, effective immediately, with a term running until the 2028 annual stockholder meeting. He qualifies as an independent director under Nasdaq Rule 5605(a)(2), and the company reports no related‑party transactions requiring disclosure. Slaoui will be compensated under Vaxcyte’s non‑employee director compensation program, which currently sets the equivalent value of the annual equity grant for each director at $430,000, and he has entered into the company’s standard indemnification agreement.
8-K Event Classification
Key Figures
Key Terms
independent director financial
Rule 5605(a)(2) regulatory
Item 404(a) of Regulation S-K regulatory
non-employee director compensation program financial
indemnification agreement legal
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board changes did Vaxcyte (PCVX) disclose on June 17, 2026?
Why did Vaxcyte director Jacks Lee retire from the board?
Who is Moncef Slaoui and what role will he have at Vaxcyte (PCVX)?
Is Moncef Slaoui considered an independent director at Vaxcyte?
How will Vaxcyte compensate new director Moncef Slaoui?
AI-generated analysis. How Rhea-AI works. Not financial advice.