Verastem, Inc. announced that on March 23, 2022, Tim Barberich, retired from the Board of Directors of the Company and from all committees of the Board. The resignation of Barberich is effective March 31, 2022, and is not the result of any disagreement with the Company. On March 23, 2022, the Board completed a process to reclassify the membership of the Board's three director classes into three classes of as equal size as possible.

In order to achieve an equal apportionment of membership among the Board's three classes of directors, the Board determined that one of its members should be reclassified from Class III (with a term expiring at the Company's 2024 Annual Meeting of Stockholders) to Class II (with a term expiring at the Company's 2023 Annual Meeting of Stockholders). Accordingly, effective March 31, 2022, Lesley Solomon, a member of the Board, resigned from her position as a Class III Director, subject to and conditioned upon her immediate reappointment as a Class II Director. The Board accepted Solomon's resignation and immediately reappointed her as a Class II Director, to serve in such capacity until the Company's 2023 Annual Meeting of Stockholders or until her successor is duly elected and qualified, or her earlier death, resignation, or removal.

The resignation and reappointment of Solomon was effected solely for the purpose of reclassifying the members of the Board into three classes of as equal size as possible, and for all other purposes, Solomon's service on the Board is deemed to have continued uninterrupted. There were no changes to Solomon's committee assignments or compensation as a non-employee director as a result of the resignation as a Class III Director and appointment as a Class II Director.