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TMCNet:  NEPHROGENEX, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers

[August 18, 2014]

NEPHROGENEX, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 14, 2014, based on the recommendation of the Compensation Committee of the Board of Directors (the "Board"), which, among other things, considered data provided by a compensation consultant, of NephroGenex, Inc. (the "Company") and as permitted by the terms of the employment agreement of John Hamill, the Company's Chief Financial Officer, dated December 12, 2013, and the employment letter of Bob Peterson, the Company's Vice President of Product Development and Regulatory Affairs, dated August 8, 2009, the base salaries of each of Messrs.


Hamill and Peterson were increased by $20,000 and $12,000, respectively. As a result, Mr. Hamill's new base salary will be $320,000 and Mr. Peterson's new base salary will be $250,000.

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