{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-000647","form_type":"8-K","ticker":null,"cik":"0001183765","company_name":"Molecular Templates, Inc.","filed_at":"2025-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.102788+00:00","generated_at":"2026-05-28T17:47:29.034596+00:00","sec_items":["5.02","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Molecular Templates initiates wind-down; entire board and CEO resign","bullets":["All six directors (Selick, Hoffmann, Lalande, Poma, Gruia, Sanders) resigned effective Dec 31, 2024.","CEO Eric Poma resigned with no severance; vesting of options continues to Mar 31, 2025; consulting at $500/hr.","Craig Jalbert appointed sole director and officer for wind-down; to be paid $150,000.","Board approved wind-down effective Dec 31, 2024; company warns holders unlikely to receive value.","Company expects insufficient resources to continue SEC reporting obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-000647","json":"https://secwatch.observer/filing/0001193125-25-000647.json","markdown":"https://secwatch.observer/filing/0001193125-25-000647.md","text":"https://secwatch.observer/filing/0001193125-25-000647.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/d853375d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T17:47:29.034596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0746969e42","claim":"Eric E. Poma resigned as Chief Executive Officer, Chief Scientific Officer, Treasurer and Interim Chief Financial Officer at Molecular Templates, Inc..","evidence_excerpt":"Additionally, Dr. Poma resigned from his roles as Chief Executive Officer, Chief Scientific Officer, Treasurer and Interim Chief Financial Officer of the Company effective as of 11:59 pm EST on December 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer, Chief Scientific Officer, Treasurer and Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"088b1f89e8","claim":"Harold E. Selick resigned as Director at Molecular Templates, Inc..","evidence_excerpt":"On December 31, 2024, Harold E. Selick, David R. Hoffmann, Kevin M. Lalande, Eric E. Poma, Gabriela Gruia, and Corsee Sanders each resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2a1c3555d1","claim":"David R. Hoffmann resigned as Director at Molecular Templates, Inc..","evidence_excerpt":"On December 31, 2024, Harold E. Selick, David R. Hoffmann, Kevin M. Lalande, Eric E. Poma, Gabriela Gruia, and Corsee Sanders each resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3de2c1d1c2","claim":"Kevin M. Lalande resigned as Director at Molecular Templates, Inc..","evidence_excerpt":"On December 31, 2024, Harold E. Selick, David R. Hoffmann, Kevin M. Lalande, Eric E. Poma, Gabriela Gruia, and Corsee Sanders each resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5272ed1628","claim":"Gabriela Gruia resigned as Director at Molecular Templates, Inc..","evidence_excerpt":"On December 31, 2024, Harold E. Selick, David R. Hoffmann, Kevin M. Lalande, Eric E. Poma, Gabriela Gruia, and Corsee Sanders each resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6e5ffbd3d5","claim":"Craig Jalbert was appointed as sole director, President, Chief Executive Officer, Treasurer and Chief Financial Officer at Molecular Templates, Inc..","evidence_excerpt":"Effective as of 12:00 am EST on January 1, 2025, the Board appointed Craig Jalbert, age 63, as sole director, President, Chief Executive Officer, Treasurer and Chief Financial Officer of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"sole director, President, Chief Executive Officer, Treasurer and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"b9f4aefedd","claim":"Eric E. Poma resigned as Director at Molecular Templates, Inc..","evidence_excerpt":"On December 31, 2024, Harold E. Selick, David R. Hoffmann, Kevin M. Lalande, Eric E. Poma, Gabriela Gruia, and Corsee Sanders each resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e3587ac6d8","claim":"Corsee Sanders resigned as Director at Molecular Templates, Inc..","evidence_excerpt":"On December 31, 2024, Harold E. Selick, David R. Hoffmann, Kevin M. Lalande, Eric E. Poma, Gabriela Gruia, and Corsee Sanders each resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}