Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 57

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 1
Chunk 57
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 connection with the resignation, retirement or other termination of a named executive officer, or a change in control of the smaller reporting company or a change in the named executive officer’s responsibilities following a change in control.

Summary Compensation Table for 2024 and 2023

Our named executive officers as of the end of 2024 are John Tan Honjian and Mohd Azham Azudin, and our named executive officers who served at various points during 2024 are David Lazar, our former Chief Executive Officer, Oliver Schacht, Ph.D., our former Chief Executive Officer, Albert Weber, our former Chief Financial Officer, and Johannes Bacher, our former Chief Operating Officer. The table below provides disclosure for the years ended December 31, 2024 and 2023 for our named executive officers. In connection with the transactions contemplated by the March 2024 Private Placement, in March 2024, each of Messrs. Schacht, Weber and Bacher resigned as officers of the Company, and Mr. Lazar was appointed as our Chief Executive Officer. In connection with the July 2024 transaction whereby Mr. Lazar sold his shares of Series E Preferred Stock together with his rights to purchase the additional shares of Series E Preferred Stock under the March 2024 Purchase Agreement to AEI Capital Ltd, Mr. Lazar resigned as CEO, Chairman and Director of the Company, effective August 2, 2024, and John Tan Honjian was appointed to CEO, Chairman and Director of the Company. Mr. Lazar currently maintains a role as President.

    Named Executive Officer and Principal Position
     
    Year

        Salary ($)

        Bonus
        ($)

    Stock Awards (1) ($)

    Option Awards (1) ($)

    Non-Equity Incentive Plan Compensation (2)(3) ($)

        All Other Compensation
        ($)

        Total
        ($) 

    John Tan Honjian(4)
     
    2024
     
    $
    -

    $
    -

    $
    -

    $
    -

    $
    -

    $
    -

    $
    -

    Chief Executive Officer

    Mohd Azham Azudin
     
    2024
     
    $
    -

    $
    -

    $
    50,000

    $
    -

    $
    -

    $
    -

    $
    50,000

    Chief Operating Officer

    David Lazar
     
    2024