Company: SCYX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001140361-25-016641
Chunk: 34

Company: SCYNEXIS INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 34
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 awards, performance-based restricted stock unit awards, and outstanding option awards held by each of our named executive officers as of December 31, 2024. |

| (2) | Dr. Angulo was promoted from Chief Medical Officer to President and Chief Executive Officer effective January 1, 2023. |

| (3) | This amount represents match of contributions to our 401(k) savings plan paid by us in the amount of $10,350. |

| (4) | This amount represents match of contributions to our 401(k) savings plan paid by us in the amount of $10,350. |

| (5) | This amount represents match of contributions to our 401(k) savings plan paid by us in the amount of $10,350. |

Narrative Disclosure to Summary Compensation Table The elements of the compensation program for our named executive officers include: base salary; an annual cash (non-equity) incentive plan bonus; long-term equity awards; and eligibility to participate in employee benefit and 401(k) plans. The Compensation Committee and the Board of Directors determines compensation amounts based on individual and corporate performance, market data, and other information following discussion and consultation with Pearl Meyer, the Compensation Committee’s independent compensation consultant. Annual Base Salary Base salaries for our named executive officers are initially established through arm’s-length negotiation at the time the executive is hired or promoted, taking into account such executive’s qualifications, experience, prior salary, the scope of his or her responsibilities, and competitive market compensation paid by other companies for similar positions within the industry. Base salaries are reviewed annually, typically in connection with our annual performance review process, and adjusted from time to time to realign salaries with market levels of compensation paid by our peer companies and after taking into account individual responsibilities, performance and experience. In making decisions regarding salary increases, we draw upon the expertise of our independent compensation consultant, who provides comparative compensation data from similar companies in our industry. We also draw upon the experience of members of our Board of Directors with other companies. The Compensation Committee has not previously applied specific formulas to determine increases, although it has generally awarded increases as a percentage of an executive officer’s then-current base salary. This strategy is consistent with our intent of offering base salaries that are cost-effective while remaining competitive.

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The compensation of our named executive officers other than our Chief Executive Officer is generally determined and approved by our Compensation Committee. The compensation of our Chief Executive Officer had, through March 2024, been determined and approved