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EDSA · Current Report (Form 8-K) · Filed May 15, 2026

Edesa Biotech Inc — Current Report (Form 8-K)

Form
8-K
Filed
May 15, 2026
Period
May 13, 2026
Ticker
EDSA
Accession
0001171843-26-003459
Boardroom Alpha · Filing insights

Board approves 90% of CEO Nijhawan's base salary as RSUs; 10% in cash. Replaces prior 50% RSU mix.

About Edesa Biotech Inc
Market cap
$43M
1Y TSR
+128.0%
3Y TSR
−5.3%
Board grade
B-
Sector
Healthcare
CEO
Pardeep Nijhawan
Last annual meeting: May 27, 2026 · View full Edesa Biotech Inc profile →

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 13, 2026

 

Edesa Biotech, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

British Columbia, Canada   001-37619   N/A

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

   
100 Spy Court, Markham, Ontario, Canada   L3R 5H6
(Address of Principal Executive Offices)   (Zip Code)
             

 

(289) 800-9600

Registrant’s telephone number, including area code

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
Common Shares   EDSA   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 13, 2026, the Board of Directors of Edesa Biotech, Inc. (the “Company”), at the request of Pardeep Nijhawan, the Company’s Chief Executive Officer, approved, pursuant to the terms of the Amended and Restated Employment Agreement, dated August 4, 2023, as amended (the “Employment Agreement”) between the Company and Dr. Nijhawan, that 90% of Dr. Nijhawan’s monthly base salary otherwise payable in cash shall be issued in the form of fully vested restricted share units (“RSUs”) under the Company’s 2019 Equity Incentive Compensation Plan (the “Plan”). The Employment Agreement provides that Dr. Nijhawan and the Company may agree that Dr. Nijhawan receive a portion of his base salary otherwise payable in cash in equity-based awards under the Plan, in amounts and on terms determined by the Board of Directors of the Company. The number of RSUs to be granted each month shall be calculated by dividing 90% of Dr. Nijhawan’s monthly base salary by the fair market value of the Company’s common shares at each month end. The RSU grants are subject to the terms and conditions of the Plan and the applicable award agreement. Dr. Nijhawan will receive the remaining 10% of his monthly salary in cash to satisfy local labor law and withholding requirements. Dr. Nijhawan previously received 50% of his base salary as RSUs.

 

The foregoing description of the compensatory arrangement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement, which is filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended September 30, 2025, filed on December 12, 2025, and incorporated herein by reference.

 

 

 

 

SIGNATURES

 

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.

 

  Edesa Biotech, Inc.
     
Date: May 15, 2026 By: /s/ Peter J. Weiler
  Name:  Peter J. Weiler
  Title: Chief Financial Officer

 

 

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Reference

Frequently asked questions

When did Edesa Biotech Inc file this 8-K?
Edesa Biotech Inc (EDSA) filed this Current Report (Form 8-K) with the SEC on May 15, 2026. The accession number assigned by EDGAR is 0001171843-26-003459.
What does an 8-K disclose?
Form 8-K is the SEC's current-report form, used to disclose material events between periodic reports (10-K / 10-Q). Triggers include CEO/CFO departures, acquisitions, bankruptcies, earnings releases, auditor changes, changes in fiscal year, and amendments to corporate governance. Each 8-K is keyed to one or more Item numbers (1.01 through 9.01).
What is the key takeaway from this filing?
Board approves 90% of CEO Nijhawan's base salary as RSUs; 10% in cash. Replaces prior 50% RSU mix. This is Boardroom Alpha's one-line summary of the current report; see the full filing text above for the formal disclosure.
What Item codes does an 8-K cover?
An 8-K's Item codes (1.01 through 9.01) specify what kind of event is being disclosed — e.g. Item 1.01 for entering a material agreement, Item 5.02 for departure/election of directors and executive officers, Item 8.01 for other events. The Item codes for this 8-K appear in the filing text above.
Where can I find Edesa Biotech Inc's prior current reports on EDGAR?
The SEC EDGAR browser lists every 8-K Edesa Biotech Inc has filed under CIK 1540159, sortable by date. Use the "View on SEC EDGAR" link in the page header, or browse directly via https://www.sec.gov/cgi-bin/browse-edgar.
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