{"url_path":"/sec/bysi/8-k/2026-06-29/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of","topic":"sec","document":{"doc_type":"8-K/A","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/1677940/0001171843-26-004354-index.html","accession_number":"0001171843-26-004354","cik":"0001677940","ticker":"BYSI","issuer_name":"BeyondSpring Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1677940/0001171843-26-004354-index.html","primary_entity_key":"0001677940","primary_entity_name":"BeyondSpring Inc."},"word_count":378,"has_tables":true,"body_markdown":"Item 5.02. Departure of Directors or Certain Officers; Election of\nDirectors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\n \n\nIn connection with the previously disclosed appointment of Mr. Qiu as Chief\nExecutive Officer, the Company has entered into an employment agreement with Mr. Qiu providing for the compensation described below.\n\n \n\nMr. Qiu will receive an annual salary of $100,000 and is eligible to participate\nin any bonus program sponsored by the Company on a basis consistent with that applicable to other employees at his level, in accordance\nwith Company policy, with a target annual bonus of 30% of base salary.\n\n \n\nIn connection with his appointment as Chief Executive Officer, Mr. Qiu will\nalso be granted options to purchase 100,000 ordinary shares of the Company, which will vest in four equal annual instalments following\nthe grant date. The options will be granted pursuant to the terms and conditions of the Company’s 2017 Omnibus Incentive Plan (the\n“Plan”) and the Company’s standard form of option award agreement.\n\n \n\nIn the event of a qualifying termination of employment or a change in control,\nMr. Qiu will be entitled to severance payments and benefits identical to those previously applicable to Dr. Lan Huang, as disclosed in\nthe section entitled “Potential Payments Upon Termination or Change in Control” in Item 11 of the Company’s most recent\nAnnual Report on Form 10-K. Specifically, in the event of a termination without cause or resignation for good reason, subject to his execution\nof a release, Mr. Qiu would receive 9 months of continued base salary payments and a pro-rated bonus for the year of termination based\non actual performance. In addition, under the terms of the Plan and option award agreement, if the options are assumed or substituted\nfor in the change in control and Mr. Qiu’s employment is terminated without cause within 12 months thereafter, any unvested options\nwill immediately vest, and if the options are not assumed or substituted for in the change of control, any unvested options will immediately\nvest.\n\n \n\nThe foregoing description of Mr. Qiu’s employment agreement does not\npurport to be complete and is qualified in its entirety by the full text of the agreement, a copy of which will be filed as an exhibit\nto the Company’s next periodic report."}