PharmChem : Announces Stock Option Grant and Employment of Matthew Katz June 23 2022
June 24, 2022 at 01:56 am IST
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Stock Option Grant and Employment of Matthew Katz
Fort Worth, TX (June 23, 2022) - PharmChem, Inc. (the "Company" or "PharmChem") (OTC: PCHM) today announces the grant of stock options to Matthew Katz, the Company's Chief Executive Officer, and the commencement of Mr. Katz's employment.
As previously announced, the Company's Board of Directors (the "Board") appointed Mr. Katz as the Company's Chief Executive Officer. Mr. Katz's first day of employment as PharmChem's CEO was June 23, 2022.
The Company today announces the grant of stock options to Mr. Katz in connection with his employment. The Board approved the grant of non-qualified stock options to Mr. Katz to purchase up to 265,000 shares of the Company's common stock (the "Options"), subject to various terms and conditions. The Options are exercisable at $4.60 per share.
About PharmChem, Inc.
PharmChem, Inc. (OTC: PCHM), headquartered in Fort Worth, TX, is the manufacturer and sole source provider of the PharmChek® Drugs of Abuse Sweat Patch.
0142949.0744357 4861-0560-1061v1
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PharmChem Inc. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 20:25:08 UTC.
PharmChem Inc. is engaged in selling and distributing the PharmChek Sweat Patch Device (PharmChek). PharmChek is a system that uses sweat to detect the presence of illegal drugs. It consists of a transparent polyurethane outer covering, a small absorbent pad, and a release liner. PharmChek functions as a storage device where drugs are retained on the absorbent pad for detection in the laboratory. PharmChek detects Marijuana, Cocaine, Opiates, Amphetamine, Methamphetamine, PCP, Fentanyl, Oxycodone, Oxymorphone, Hydrocodone, and Hydromorphone. Its products include PharmChek Overlay, PharmChek Analysis Panels, and PharmChek for the Workplace. The PharmChek Overlay is made of the same polyurethane film as the PharmChek Sweat Patch and can be used to extend the wear time of the PharmChek Sweat patch. It is used in various industries, such as oil and gas field and marine environments, manufacturing, utilities, mining, transportation, and aerospace/aviation.
PHARMCHEM, INC. 
