Traws Pharma President & CSO Oncology resigns; Board disputes severance claim

Traws Pharma, Inc.

Steven M. Fruchtman resigned as President and Chief Scientific Officer, Oncology, effective June 17, 2024.
Fruchtman's attorney claims resignation is for 'good reason' under employment agreement, expecting severance related to change in control.
Board accepted resignation immediately but disagrees with characterization; believes no severance payments are due.
Victor Moyo continues as Chief Medical Officer, Oncology.

item 5.02 item 9.01

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Departed

Steven M. Fruchtman

President and Chief Scientific Officer, Oncology

TRAW · Traws Pharma, Inc.

Effective: 2024-06-17
Filed: June 21, 2024, 7:59 PM ET

On June 17, 2024, Steven M. Fruchtman informed the board of directors (the “Board”) of Traws Pharma, Inc. (the “Company”) of his intent to resign from his positions of President and Chief Scientific Officer, Oncology.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Steven M. Fruchtman resigned as President and Chief Scientific Officer, Oncology at Traws Pharma, Inc..

Action: resigned
Role: President and Chief Scientific Officer, Oncology

Exact text from the filing

On June 17, 2024, Steven M. Fruchtman informed the board of directors (the “Board”) of Traws Pharma, Inc. (the “Company”) of his intent to resign from his positions of President and Chief Scientific Officer, Oncology.

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Source: SEC EDGAR

accession 0001104659-24-074003

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