UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c) On December 9, 2021, the Board of Directors of Acadia Pharmaceuticals Inc. (the “Company”) appointed Mark C. Schneyer as Executive Vice President, Chief Financial Officer. Mr. Schneyer was also appointed as the Company’s principal financial officer. Mr. Schneyer’s responsibilities include the functional areas of finance, accounting, investor relations, and business development.
Mr. Schneyer, age 47, joined the Company in May 2020 as Senior Vice President, Business Development and Chief Business Officer. Since September 2021, he has served as the Company’s Interim Chief Financial Officer. Mr. Schneyer joined Acadia from Pfizer Inc., where he was most recently Vice President, Business Development for the Upjohn division. He joined Pfizer’s Worldwide Business Development organization in 2011 and served in various business development positions of increasing responsibility, overseeing strategic transactions spanning licensing agreements, product acquisitions and divestitures, strategic collaborations and company acquisitions. Prior to Pfizer, Mr. Schneyer was an investment banker at Lazard and advised boards of directors and senior management teams in the healthcare sector. Mr. Schneyer earned a Bachelor of Science in economics with a concentration in finance from the Wharton School of the University of Pennsylvania.
There is no arrangement or understanding between Mr. Schneyer and any other person pursuant to which Mr. Schneyer was selected as an officer, and there are no actual or proposed transactions between the Company and Mr. Schneyer or any related person that would require disclosure under Item 404(a) of Regulation S-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Press Release dated December 9, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| Acadia Pharmaceuticals Inc. | ||||||
| Dated: December 14, 2021 | By: | /s/ Austin D. Kim | ||||
| Austin D. Kim | ||||||
| Executive Vice President, General Counsel & Secretary | ||||||
Exhibit 99.1
Acadia Pharmaceuticals Announces Promotion of Mark Schneyer to Executive Vice
President, Chief Financial Officer
SAN DIEGO—(BUSINESS WIRE)— Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced the promotion of Mark Schneyer to Executive Vice President, Chief Financial Officer (CFO), effective immediately. Mr. Schneyer has served as the company’s interim CFO since September 2021, while retaining his responsibilities as Acadia’s head of business development and Chief Business Officer. Mr. Schneyer’s responsibilities as CFO will include the functional areas of finance, accounting, investor relations, and business development. Mr. Schneyer will continue to report to Steve Davis, Chief Executive Officer, and will remain a member of the company’s Executive Management Committee.
“Mark is a highly valuable thought partner who has demonstrated strong leadership across the breadth of our business,” said Steve Davis, Chief Executive Officer. “I’m very excited to further leverage Mark’s robust experience in corporate finance and strategic transactions as we realize the promise of Acadia’s near-term opportunities and execute on our long-term strategy.”
Since joining Acadia in 2020, Mr. Schneyer has been instrumental in developing long-term strategic growth initiatives focused on expanding the breadth of transactions the company evaluates. He led the effort to acquire CerSci Therapeutics in late 2020 which brought in a Phase 2 ready pain program with a first-in-class mechanism.
“I look forward to serving as Acadia’s CFO and working with our talented teams across the company to drive our continued commercial success, advance our research and development pipeline, expand our portfolio, engage with the investment community, and serve the patients and families who can benefit from our innovative approach to meeting the unmet needs in neuroscience,” said Mr. Schneyer.
Mr. Schneyer joined Acadia from Pfizer Inc. where he was most recently Vice President, Business Development for the Upjohn division. He joined Pfizer’s Worldwide Business Development organization in 2011 and served in various business development positions of increasing responsibility overseeing strategic transactions spanning licensing agreements, product acquisitions and divestitures, strategic collaborations and company acquisitions. Prior to Pfizer, Mr. Schneyer was an investment banker at Lazard and advised boards of directors and senior management teams in the healthcare sector.
Mr. Schneyer earned a Bachelor of Science in economics with a concentration in finance from the Wharton School of the University of Pennsylvania.
About Acadia Pharmaceuticals
Acadia is advancing breakthroughs in neuroscience to elevate life. For more than 25 years we have been working at the forefront of healthcare to bring vital solutions to people who need them most. We developed and commercialized the first and only approved therapy for hallucinations and delusions associated with Parkinson’s disease psychosis. Our late-stage development efforts are focused on treating psychosis in patients with dementia, the negative symptoms of schizophrenia and Rett syndrome. Our early-stage development efforts are focused on novel approaches to pain management, cognition and neuropsychiatric symptoms in central nervous system disorders. For more information, visit us at www.acadia-pharm.com and follow us on LinkedIn and Twitter.
Contacts
Media Contact:
Acadia Pharmaceuticals Inc. Deb Kazenelson
(818) 395-3043
media@acadia-pharm.com
Investor Contact:
Acadia Pharmaceuticals Inc.
Mark Johnson, CFA
(858) 261-2771
ir@acadia-pharm.com
Source: Acadia Pharmaceuticals Inc.