ALX Oncology reduces workforce by 30%; President and CSO Pons to depart April 2025

ALX ONCOLOGY HOLDINGS INC

Board approved ~30% workforce reduction to prioritize pipeline and extend cash runway; substantially complete by May 2025.
Estimated $2.2 million in severance and benefits costs, recognized in Q1 2025.
President and CSO Jaume Pons will depart in April 2025; eligible for annual salary and 12 months COBRA.
No replacement named; position eliminated; transition consulting agreement expected.
Reduction part of pipeline prioritization and cash preservation strategy.

item 2.05 item 5.02

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Departed

Jaume Pons

President and Chief Scientific Officer

ALXO · ALX ONCOLOGY HOLDINGS INC

Filed: March 5, 2025, 6:59 PM ET

the Company’s President and Chief Scientific Officer position will be eliminated effective in April 2025

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jaume Pons departed as President and Chief Scientific Officer at ALX ONCOLOGY HOLDINGS INC.

Action: departed
Role: President and Chief Scientific Officer

Exact text from the filing

the Company’s President and Chief Scientific Officer position will be eliminated effective in April 2025

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ALX ONCOLOGY HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0000950170-25-033504

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