Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Pauline Kenny was terminated as General Counsel and Secretary at KINETA, INC./DE.
- Action
- terminated
- Role
- General Counsel and Secretary
Exact text from the filing
the Company terminated the employment of Pauline Kenny as General Counsel and Secretary of the Company, effective as of March 1, 2024
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Shawn Iadonato was terminated as Chief Executive Officer at KINETA, INC./DE.
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
the Company terminated the employment of Shawn Iadonato, Ph.D. as Chief Executive Officer of the Company, effective as of March 1, 2024
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
KINETA, INC./DE announced a restructuring with charges of The restructuring includes a significant workforce reduction to substantially reduce expenses and preserve cash. (Kineta is reducing its workforce by approximately 64%, which will result in the elimination of seven positions. This inc).
- Type
- restructuring
- Charge
- The restructuring includes a significant workforce reduction to substantially reduce expenses and preserve cash.
- Headcount
- Kineta is reducing its workforce by approximately 64%, which will result in the elimination of seven positions. This inc
Exact text from the filing
On February 29, 2024, Kineta, Inc. (the “Company”) announced its intention to explore strategic alternatives, as described further under Item 7.01 of this Current Report on Form 8-K (this “Current Report”). In connection therewith, the Company made a decision to implement a workforce reduction of the Company’s workforce by seven full-time employees, or approximately 64% of the Company’s then-current employee base.
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