secwatch / observer
8-K filed September 8, 2023, 7:59 PM ET CIK 0001718108
M&A confidence high sentiment neutral materiality 0.80

Surface Oncology, Inc.: M&A transaction — Coherus closes acquisition of Surface Oncology for ~$66.9M; adds IL-27 and CCR8 assets

Surface Oncology, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jessica Fees

Other Named Officer
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
Departed

Henry Rath

Other Named Officer
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
Departed

Robert W. Ross, M.D.

Other Named Officer
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
Departed

Denice Torres

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Chandra Adams

Other Named Officer
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
Departed

Laurie D. Stelzer

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

David S. Grazel, M.D.

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Benjamin Hickey

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Alison O’Neil

Other Named Officer
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
Departed

J. Jeffrey Goater

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Armen B. Shanafelt, Ph.D.

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Ramy Ibrahim, M.D.

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Elliott Sigal, M.D., Ph.D.

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Robert W. Ross, M.D.

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
Departed

Vito J. Palombella, Ph.D.

Other Named Officer
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
Departed

Carsten Brunn, Ph.D.

Director
Surface Oncology, Inc.
Effective
2023-09-08
Filed
September 8, 2023, 7:59 PM ET
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jessica Fees departed as other_named_officer at Surface Oncology, Inc..

Action
ceased serving
Exact text from the filing
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Henry Rath departed as other_named_officer at Surface Oncology, Inc..

Action
ceased serving
Exact text from the filing
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Robert W. Ross, M.D. departed as other_named_officer at Surface Oncology, Inc..

Action
ceased serving
Exact text from the filing
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Denice Torres departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Chandra Adams departed as other_named_officer at Surface Oncology, Inc..

Action
ceased serving
Exact text from the filing
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Laurie D. Stelzer departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

David S. Grazel, M.D. departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin Hickey departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Alison O’Neil departed as other_named_officer at Surface Oncology, Inc..

Action
ceased serving
Exact text from the filing
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

J. Jeffrey Goater departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Armen B. Shanafelt, Ph.D. departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ramy Ibrahim, M.D. departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Elliott Sigal, M.D., Ph.D. departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Robert W. Ross, M.D. departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Vito J. Palombella, Ph.D. departed as other_named_officer at Surface Oncology, Inc..

Action
ceased serving
Exact text from the filing
In addition, Robert W. Ross, M.D., Jessica Fees, Chandra Adams, Vito J. Palombella, Ph.D., Henry Rath and Alison O’Neil ceased to serve as officers of the Company pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Carsten Brunn, Ph.D. departed as Director at Surface Oncology, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
At the Effective Time, pursuant to the terms of the Merger Agreement, each of J. Jeffrey Goater, David S. Grazel, M.D., Ramy Ibrahim, M.D., Carsten Brunn, Ph.D., Benjamin Hickey, Robert W. Ross, M.D., Armen B. Shanafelt, Ph.D., Elliott Sigal, M.D., Ph.D., Laurie D. Stelzer and Denice Torres ceased serving as directors of the Company.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Surface Oncology, Inc. underwent a change of control involving Coherus BioSciences, Inc. for $66.9 million (closed 2023-09-08).

Action
change of control
Counterparty
Coherus BioSciences, Inc.
Consideration
$66.9 million
Closing
2023-09-08
Exact text from the filing
employee equity awards (which exchange ratio was calculated based on a $5.2831 per share price of Coherus common stock) for a total value equal to approximately $66.9 million, the sum of $40 million plus Surface’s net cash at closing of the transaction of $26.9 million. Surface shareholders also received contingent value rights (CVRs) for 70% of
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Surface Oncology, Inc. shareholders approved Approval of the Merger Proposal at the 2023-09-07 meeting.

Proposal
merger approval
Outcome
passed
Meeting
2023-09-07
Exact text from the filing
The Company’s stockholders approved the proposal to adopt the Merger Agreement (the “ Merger Proposal ”). The Merger Proposal was approved by the requisite vote of the Company’s stockholders. The following votes were cast at the Special Meeting (in person or by proxy): Votes For Votes Against Abstentions Broker Non-Votes 40,908,190 683,979 66,868 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Surface Oncology, Inc. shareholders approved Approval of the Advisory, Non-Binding Compensation Proposal at the 2023-09-07 meeting.

Proposal
say on pay
Outcome
passed
Meeting
2023-09-07
Exact text from the filing
The Company’s stockholders approved, on an advisory (non-binding) basis, the compensation that will or may be paid to the Company’s named executive officers in connection with the Mergers (the “ Advisory Compensation Proposal ”). The Advisory Compensation Proposal was approved by the requisite vote of the Company’s stockholders. The following votes were cast at the Special Meeting (in person or by proxy): Votes For Votes Against Abstentions Broker Non-Votes 26,592,107 10,199,559 4,867,371 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-231197
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