UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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.
On February 28, 2025, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of SmartKem, Inc. (the “Company”), approved discretionary cash bonuses for the Company’s executive officers, Ian Jenks, Chief Executive Officer, Barbra Keck, Chief Financial Officer, Simon Ogier, Ph.D., Chief Technology Officer and Beverley Brown, Ph.D., Chief Scientist, in the amounts set forth in the table below.
| Executive Officer | Title | Discretionary Bonus Amomunt |
| Ian Jenks | Chief Executive Officer | $150,000 |
| Barbra Keck | Chief Financial Officer | $99,041 |
| Simon Ogier, Ph.D. | Chief Technology Officer | $31,480(1) |
| Beverley Brown, Ph.D. | Chief Scientist | $31,480(1) |
(1) Amounts in pounds sterling have been converted to U.S. dollars at an exchange rate of 1.2592 U.S. dollars to one pound sterling, the exchange rate as of February 28, 2025 as published by the Bank of England.
Signature
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.
| SMARTKEM, INC. | ||
| Dated: March 4, 2025 | By: | /s/ Barbra C. Keck |
| Barbra C. Keck | ||
| Chief Financial Officer | ||