Cingulate Inc. (NASDAQ: CING) announced that two Class II directors, Jeff Ervin and Jay Roberts, will not seek re-election when their terms expire at the company's 2026 Annual Meeting of Stockholders. The board plans to reduce its size to five directors and appoint a new chairman at that time.

To maintain the required balance among director classes under the company's certificate of incorporation, Jeff Hargroves resigned from his position as a Class I director and was immediately reappointed as a Class II director on May 18, 2026. The board also nominated Hargroves to stand for election at the annual meeting.

Following these changes, the Class I directors consist of Peter Werth and Frederick Jiang. The company's certificate of incorporation requires each class to consist of approximately one-third of the total number of directors on the board.

The information is based on a company press release statement.