OPKO Health (OPK) appoints former CFO Subbarao Uppaluri to board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
OPKO Health, Inc. has appointed Subbarao V. Uppaluri, Ph.D. as a new independent director, effective March 18, 2026. He will serve until the 2026 Annual Meeting of Stockholders and is expected to join the Compensation Committee.
Dr. Uppaluri previously served as OPKO’s Senior Vice President and Chief Financial Officer from 2007 to 2012 and later as a consultant. The board cites his independence under SEC and Nasdaq rules and notes there are no related-party transactions requiring disclosure. He fills a vacancy created by the passing of longtime director Dr. Richard Krasno and will receive the company’s standard non-employee director compensation and indemnification protections.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
FAQ
What did OPKO Health (OPK) announce regarding its board of directors?
OPKO Health appointed Subbarao V. Uppaluri, Ph.D. as a new independent director effective March 18, 2026. He will serve until the 2026 Annual Meeting of Stockholders and is expected to join the board’s Compensation Committee.
Who is Subbarao V. Uppaluri, the new OPKO Health (OPK) director?
Subbarao V. Uppaluri, Ph.D. is a former OPKO Senior Vice President and Chief Financial Officer who served from 2007 to 2012. He has extensive prior experience in finance and strategic planning roles at IVAX and several publicly traded banks.
Is the new OPKO Health (OPK) director considered independent?
Yes, OPKO’s board determined that Subbarao V. Uppaluri is independent under applicable Securities and Exchange Commission and Nasdaq Stock Market rules. The company also states there are no related-party transactions involving him that require disclosure under Item 404(a) of Regulation S-K.
Why was Subbarao V. Uppaluri appointed to OPKO Health’s board?
He was appointed to fill a vacancy created by the passing of director Dr. Richard Krasno, who served on OPKO’s board since 2017. The appointment adds financial and strategic expertise, supported by Uppaluri’s prior CFO and banking background.
What compensation will the new OPKO Health (OPK) director receive?
Subbarao V. Uppaluri will participate in OPKO’s standard non-employee director compensation program described in its 2025 proxy statement. The company also entered into its standard director indemnification agreement with him, previously filed with its 2019 annual report.