Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Messinger was appointed as Chief Executive Officer at CONTRAFECT Corp.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed Michael Messinger as the Chief Executive Officer, President and Chief Financial Officer of the Company
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Roger J. Pomerantz resigned as Chief Executive Officer at CONTRAFECT Corp.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
on November 15, 2023, Roger J. Pomerantz resigned as the Chief Executive Officer and President of the Company.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
CONTRAFECT Corp announced a restructuring with charges of approximately $0.2 million of costs in connection with the Restructuring Plan related to one-time termination and other related costs affecting workforce (reduction to the Company's workforce from a total of 23 employees to five employees).
- Type
- restructuring
- Charge
- approximately $0.2 million of costs in connection with the Restructuring Plan related to one-time termination and other related costs
- Affected area
- workforce
- Headcount
- reduction to the Company's workforce from a total of 23 employees to five employees
Exact text from the filing
On November 15, 2023, ContraFect Corporation (the “Company”) implemented a restructuring plan resulting in a reduction to the Company’s workforce from a total of 23 employees to five employees (the “Restructuring Plan”). The Company estimates that it will incur approximately $0.2 million of costs in connection with the Restructuring Plan related to one-time termination and other related costs, all of which are expected to be paid in cash. The Company expects all of the costs associated with the Restructuring Plan to be incurred during the quarter ending December 31, 2023.
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