MediciNova 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 29, 2011
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (858) 373-1500
(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 (see General Instruction A.2. below):
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 29, 2011, the Board of Directors of the Company increased the size of the Board of Directors from five to six members and elected Kousuke Nakata CPA to the newly-created vacancy as a Class II director. Mr. Nakata is Licensing Manager of Kissei Pharmaceutical, Co. Ltd. (Kissei) and has been employed by Kissei since 1997. Kissei does not have a contractual right to designate any members of the Board, but after the recent financing transaction and development agreement between Kissei and the Company closed (see disclosure relating to the financing transaction in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on September 27, 2011), Kissei requested that the Company consider appointing Mr. Nakata to the Board as a representative of Kissei. The Board of Directors believes Mr. Nakata will provide a beneficial link between the Company and Kissei, which is both the licensor of the Companys lead compound, MN-221, and the Companys largest stockholder. As the head of business development and licensing for Kissei, Mr. Nakata also has substantial experience in collaborations and licensing transactions for drug candidates, and Mr. Nakata may advise the Company in executing on its partnering strategy. Mr. Nakata will not receive any compensation in connection with his appointment as a member of the Board of Directors.
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: December 2, 2011