false 0001389545 0001389545 2025-01-15 2025-01-15
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 earliest event reported: January 15, 2025
 
NovaBay Pharmaceuticals, Inc.
(Exact Name of Registrant as Specified in Charter)
 
Delaware
001-33678
68-0454536
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
2000 Powell Street, Suite 1150, Emeryville, CA 94608
(Address of Principal Executive Offices) (Zip Code)
 
(510) 899-8800
(Registrant’s telephone number, including area code)
 
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):
 
☐
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 $0.01 per share
  
NBY
  
NYSE American
 
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 Arrangement of Certain Officers.
 
On January 15, 2025, the Company and Justin M. Hall, the Chief Executive Officer and General Counsel of the Company, executed a Third Amendment (the “Third Amendment”) to Mr. Hall’s Executive Employment Agreement, dated January 31, 2020 (the “Employment Agreement”), as amended by the First Amendment to Executive Employment Agreement, effective as of December 31, 2021 (the “First Amendment”) and the Second Amendment to Executive Employment Agreement, effective as of December 31, 2023 (the “Second Amendment”), to further extend the term of his employment under the Employment Agreement until December 31, 2025 (unless terminated earlier in accordance with the terms of the Employment Agreement).
 
The foregoing description of the terms of the Employment Agreement, the First Amendment, the Second Amendment and the Third Amendment do not purport to be complete and are subject to, and are qualified in their entirety by, reference to the Employment Agreement, the First Amendment, the Second Amendment and the Third Amendment, which are filed herewith as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and are incorporated by reference.
 
Item 9.01
Financial Statements and Exhibits.
 
 
(d)
Exhibits
 
Exhibit No.
  
Description
10.1+
  
10.2+
  
10.3+
  
10.4+
  
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document)
+ Indicates a management contract or compensatory plan or arrangement
 
 
 
 
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.
 
NovaBay Pharmaceuticals, Inc.
By:
/s/ Justin M. Hall
Justin M. Hall
Chief Executive Officer and General Counsel
 
Dated: January 22, 2025
 
 
 

Exhibit 10.4

 

THIRD AMENDMENT TO

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Third Amendment, effective as of December 31, 2024 (the “Amendment”), to the Executive Employment Agreement, dated January 31, 2020, by and between NovaBay Pharmaceuticals, Inc. (the “Company”) and Justin M. Hall (“Executive”), as amended by the First Amendment to Executive Employment Agreement, effective as of December 31, 2021, and as further amended by the Second Amendment to Executive Employment Agreement, effective as of December 31, 2023 (collectively, the “Agreement”).

 

WHEREAS, the Company and Executive desire to amend the Agreement to further extend the term of the Executive’s employment with the Company.

 

NOW, THEREFORE, in consideration of the foregoing recital, the mutual covenants herein contained and for other good and valuable consideration, the parties hereby agree as follows:

 

1.        Amendments to the Agreement. Effective as of the date hereof:

 

       (a)         Section I(B) of the Agreement is hereby amended as follows:

 

B.          Term. Executive’s employment with the Company is at-will and shall be governed by the terms of this Agreement, which employment of Executive shall be continuing from January 1, 2025 until and including December 31, 2025, unless this Agreement is terminated at some earlier time in accordance with the terms of this Agreement.

 

2.       No Other Changes. Except as expressly stated herein, this Amendment does not amend or otherwise modify any of the terms or conditions of the Agreement, which shall remain in full force and effect pursuant to its terms. Any terms not defined herein shall have the meaning set forth in the Agreement. To the extent applicable, each party hereby represents and warrants that its respective signatory has been and is on the date of this Amendment duly authorized by all necessary corporate action to execute this Amendment.

 

3.        Governing Law. This Amendment shall be governed by the laws of the State of California, without regard for choice-of-law provisions. Executive consents to personal and exclusive jurisdiction and venue in the State of California.

 

4.        Counterparts. This Amendment may be executed in counterparts and by electronic mail, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned.

 

[Signature Page Follows]

 

 
 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed and Executive has hereunto set his hand, all as of the date first written above.

 

 

NOVABAY PHARMACEUTICALS, INC.

 

 

 

 

 

 

 

 

 

 

By:

/s/ Paul Freiman

 

 

 

Name: Paul Freiman

 

 

 

Title: Chairman

 
       
       
  EXECUTIVE  
       
       
  By: /s/ Justin M. Hall  
    Name: Justin M. Hall  

 

  

 
v3.24.4
Document And Entity Information
Jan. 15, 2025
Document Information [Line Items]  
Entity, Registrant Name NovaBay Pharmaceuticals, Inc.
Document, Type 8-K
Document, Period End Date Jan. 15, 2025
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-33678
Entity, Tax Identification Number 68-0454536
Entity, Address, Address Line One 2000 Powell Street
Entity, Address, Address Line Two Suite 1150
Entity, Address, City or Town Emeryville
Entity, Address, State or Province CA
Entity, Address, Postal Zip Code 94608
City Area Code 510
Local Phone Number 899-8800
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol NBY
Security Exchange Name NYSE
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001389545
NovaBay Pharmaceuticals (AMEX:NBY)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more NovaBay Pharmaceuticals Charts.
NovaBay Pharmaceuticals (AMEX:NBY)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more NovaBay Pharmaceuticals Charts.