electroCore, Inc. announced on September 8, 2026, that its Board of Directors has appointed Joshua S. Lev and Michael Fox as Co-Chief Executive Officers and Co-Presidents. Mr. Lev, who previously served as Interim President and Chief Financial Officer, will continue in his role as Chief Financial Officer. Mr. Fox, who joined the company in April 2026 as Chief Operating Officer, will continue in his role as Chief Operating Officer. Both executives were also appointed as Class III members to the Board of Directors.
In connection with these appointments, the Board increased its size from six to eight members. The company also entered into amendments to the employment offer letters for Mr. Lev and Mr. Fox. These amendments reflect the new titles and responsibilities. Specifically, Mr. Lev’s annual base salary was increased from $470,000 to $540,000, with a target annual cash bonus of 50%. Mr. Fox’s annual base salary was increased from $505,000 to $540,000, with a target annual cash bonus of 50%.
Additionally, the Compensation Committee approved the grant of 55,000 restricted stock units (RSUs) to each executive under the company’s 2018 Omnibus Incentive Equity Plan. These RSUs vest in equal annual installments over three years. The company also approved an Amended and Restated Executive Severance Policy and the Third Amended and Restated Bylaws. The Bylaws were updated to comply with SEC universal proxy rules, including requirements for advance notice, solicitation commitments, and stockholder coordination disclosures.
The company held its Annual Meeting on September 8, 2026, where shareholders elected three Class II directors and ratified the selection of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
