Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Director Retirement Effective March 17, 2023, Ms. Gail Maderis has assumed the role of Chair of the Board of Directors (the “Board”) of DURECT Corporation (“DURECT”). Ms. Maderis succeeds David Hoffmann as Chair of the Board. Mr. Hoffman has decided not to stand for re-election and will retire from the Board on June 21, 2023 when his current term as a board member expires. Mr. Hoffmann’s decision to retire did not involve any disagreement on any matter relating to DURECT’s operations, policies or practices. Ms. Maderis has been on the D(…)
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