Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(f) OnDecember 17, 2021 ,CinCor Pharma, Inc. (the "Company") filed a Registration Statement on Form S-1 (File No.: 333-261738) with theSecurities and Exchange Commission , which was subsequently amended (the "Registration Statement"). Pursuant to Instruction 1 to Item 402(c)(2)(iv) of Regulation S-K, the Company omitted from the Summary Compensation Table included in the Registration Statement final annual, performance-based bonus amounts payable to the Company's named executive officers with respect to performance during the Company's fiscal year endedDecember 31, 2021 (the "FY 2021 Annual Incentive Bonuses") because the FY 2021 Annual Incentive Bonuses had not yet been determined at the time the Registration Statement was filed. OnJanuary 25, 2022 , the Board of Directors of the Company (the "Board"), upon recommendation by the Compensation Committee (the "Committee") of the Board, confirmed and approved the FY 2021 Annual Incentive Bonuses forMarc de Garidel , the Company's Chief Executive Officer,Mary Theresa Coelho , M.B.A., the Company's Executive Vice President, Chief Financial Officer and Chief Business Development Officer, andMason Freeman , M.D., the Company's Executive Vice President, Clinical Development. In accordance with Item 5.02(f) of Form 8-K, the Company is providing a revised Summary Compensation Table, which includes the FY 2021 Annual Incentive Bonuses and revised total compensation figures for the Company's fiscal year endedDecember 31, 2021 for each of the foregoing named executive officers. No other amounts have changed and are qualified in their entirety by reference to the full text of the Summary Compensation Table in the section titled "Executive Compensation-Summary Compensation Table" in the Registration Statement, which is incorporated herein by reference. A narrative of the Summary Compensation Table is set forth in the section titled "Executive Compensation-Narrative to the Summary Compensation Table" in the Registration Statement, which is incorporated herein by reference. The "Non-Equity Incentive Plan Compensation" column of the following table sets forth the amounts of the FY 2021 Annual Incentive Bonuses approved by theBoard for each of the named executive officers set forth below:
2021 Summary Compensation Table
The following table sets forth information concerning the compensation of the Company's named executive officers who were eligible to receive FY 2021 Annual Incentive Bonuses for the fiscal year endedDecember 31, 2021 . Non-Equity Option Incentive Plan All Other Salary Bonus Awards Compensation Compensation Name and Principal Position Year ($)(1 ) ($) ($) ($) ($) Total ($)Marc de Garidel Chief Executive Officer 2021 250,000 - 8,807,859 256,507 (2) 30,355 9,344,721Mary Theresa Coelho , M.B.A. Executive Vice President, Chief Financial Officer and Chief Business Development Officer 2021 70,385 50,000 2,697,244 147,637 (3) 16,165
2,981,431
Mason Freeman , M.D. Executive Vice President, Clinical Development 2021 80,000 - 1,783,119 91,562 (4) 2,000 1,956,681
(1) Salary amounts represent actual amounts paid during 2021. See the section
titled "Executive Compensation-Narrative to the Summary Compensation Table"
in the Registration Statement, which is incorporated herein by reference.
(2) Represents (i)
(pro-rated for the portion of fiscal 2021 in which
employed by the Company) in the amount of
discretionary bonus forMr. de Garidel's extraordinary performance in connection with the Company's initial public offering in the amount of$125,000 .
(3) Represents (i)
(pro-rated for the portion of fiscal 2021 in which
the Company) in the amount of
bonus for
Company's initial public offering in the amount of
(4) Represents (i)
(pro-rated for the portion of fiscal 2021 in which
by the Company) in the amount of
discretionary bonus for
with the Company's initial public offering in the amount of
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