LISATA THERAPEUTICS, INC. (LSTA): director Jeffrey Farrow elected to the board

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(d) On October 13, 2026, upon the recommendation of the Nominating and
Corporate Governance Committee, the Board of Directors (the “Board”) of Lisata Therapeutics, Inc. (the “Company”) approved an increase in the size of the Board from seven to eight members and appointed Jeffrey Farrow as a Class III member of
the Board to fill the newly created seat effective immediately, with an initial term
expiring at the Company’s 2028 annual meeting of stockholders. The Board also appointed Mr. Farrow as a member of the Audit Committee.
Jeffrey Farrow (Age 65) has served as Chief Financial Officer and Chief Strategy Officer of Tarsus Pharmaceuticals, Inc. (Nasdaq:
TARS), a commercial stage biopharmaceutical company focused on the development and commercialization of therapeutics in eye care and beyond, since April 2023. Mr. Farrow has also served as a director of Clover Biopharmaceuticals, Ltd., a
development stage biotechnology company listed on the Hong Kong Stock Exchange, since September 2021 and a director, chairperson of the audit committee and member of the nominating and corporate governance committee of Achieve Life Sciences, Inc.
(Nasdaq: ACHV), a late stage specialty pharmaceutical company, since May 2026. Mr. Farrow previously served as Chief Financial Officer of Global Blood Therapeutics, Inc. (formerly Nasdaq: GBT), a biopharmaceutical company, from April 2016 until
December 2022 when it was acquired by Pfizer Inc. Prior to that, Mr. Farrow served as chief financial officer of ZS Pharma, Inc., a biopharmaceutical company, which was acquired by AstraZeneca in December 2015. Prior to ZS Pharma, he served as
the chief financial officer at Hyperion Therapeutics, Inc., a commercial pharmaceutical company, from July 2010 until May 2015 which was acquired by Horizon Therapeutics in May 2015. He previously served as vice president of finance at Evotec AG,
a drug discovery and development company. Prior to Evotec, Mr. Farrow served as vice president of finance and chief accounting officer at Renovis, Inc., a drug discovery and development company, which was acquired by Evotec AG. Earlier in his
career, Mr. Farrow spent seven years working in the audit practice of KPMG LLP. Mr. Farrow holds a B.A. in business administration with a concentration in corporate finance from California State University at Fullerton and is a certified public
accountant (inactive).
The Company believes that Mr. Farrow is qualified to serve on our board of directors based on his experience as a principal financial
officer at and as a board member of multiple publicly traded companies in the biopharmaceutical industry, as well as his prior experience in finance and accounting.
Mr. Farrow has entered into the Company’s standard form of indemnification agreement, a copy of which was filed as Exhibit 10.2 to
the Company’s Current Report on Form 8-K, filed with the SEC on September 15, 2022.
Mr. Farrow has no family relationships with any of the executive
officers or directors of the Company. There are no arrangements or understandings between Mr. Farrow and any other person pursuant to which he was selected as a member of the Board. The Company is not aware of any transaction in which Mr.
Farrow has an interest requiring disclosure under Item 404(a) of Regulation S-K promulgated
under the Securities Act of 1933, as amended. The Board has determined that Mr. Farrow is an independent director in accordance with the listing requirements of the Nasdaq Capital Market. On October 14, 2026, the Company issued a press release
announcing the appointment of Mr. Farrow to the Board. A copy of this press release is filed as Exhibit 99.1 to this current report.