8-K
filed September 21, 2023, 7:59 PM ET
CIK 0001532346
other material
confidence high
sentiment neutral
materiality 0.80
Atreca Terminates HQ Lease, Saves $13M/Year; CFO Departs; Cash Runway to Q1 2024
Atreca, Inc.
- Lease termination with ARE-San Francisco No. 63, LLC; $5.1M payment; vacates by Nov 30, 2023; originally due April 2033.
- CFO Herb Cross resigns effective Sept 22, 2023, to pursue external opportunity; CEO John Orwin named principal financial officer.
- VP Finance Rick Ruiz appointed principal accounting officer; base salary $350,000 + $125,000 retention bonus through Feb 29, 2024.
- Lease termination reduces annual expenditures ~$13M; cash runway extended through Q1 2024; company evaluating strategic transactions.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Herbert Cross resigned as Chief Financial Officer at Atreca, Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
On September 15, 2023, Herbert Cross, Chief Financial Officer of the Company, resigned from his position, effective September 22, 2023 (the “ Separation Date ”), to pursue a new business opportunity.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John A. Orwin was appointed as principal financial officer at Atreca, Inc..
- Action
- appointed
- Role
- principal financial officer
Exact text from the filing
John A. Orwin, Chief Executive Officer of the Company, was appointed to serve as the principal financial officer of the Company, effective as of the Separation Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rick Ruiz was appointed as principal accounting officer at Atreca, Inc..
- Action
- appointed
- Role
- principal accounting officer
Exact text from the filing
the Board of Directors of the Company (the “ Board ”) approved the appointment of Rick Ruiz, Vice President of Finance of the Company, to serve as the principal accounting officer of the Company, effective as of the Separation Date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Atreca, Inc. terminated Lease Modification Agreement with ARE-San Francisco No. 63, LLC valued at $5.1 million (effective 2023-09-20).
- Action
- termination
- Agreement
- lease
- Counterparty
- ARE-San Francisco No. 63, LLC
- Value
- $5.1 million
- Effective
- 2023-09-20
Exact text from the filing
On September 20, 2023, Atreca, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement for Modification of Lease and Voluntary Surrender of Premises (the “ Lease Modification Agreement ”) with ARE-San Francisco No. 63, LLC, a Delaware limited liability company (the “ Landlord ”), to terminate that certain Lease Agreement dated as of July 17, 2019
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.