---
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"
generated_at: "2026-05-28T17:47:29.034596+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Molecular Templates initiates wind-down; entire board and CEO resign

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-000647
- form_type: 8-K
- cik: 0001183765
- company_name: Molecular Templates, Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 5.02, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-000647
- JSON: https://secwatch.observer/filing/0001193125-25-000647.json
- Plain text: https://secwatch.observer/filing/0001193125-25-000647.txt

## Key facts
- Executive change
  Eric E. Poma resigned as Chief Executive Officer, Chief Scientific Officer, Treasurer and Interim Chief Financial Officer at Molecular Templates, Inc..
  - Action: resigned
  - Role: Chief Executive Officer, Chief Scientific Officer, Treasurer and Interim Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  Harold E. Selick resigned as Director at Molecular Templates, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  David R. Hoffmann resigned as Director at Molecular Templates, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  Kevin M. Lalande resigned as Director at Molecular Templates, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  Gabriela Gruia resigned as Director at Molecular Templates, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  Craig Jalbert was appointed as sole director, President, Chief Executive Officer, Treasurer and Chief Financial Officer at Molecular Templates, Inc..
  - Action: appointed
  - Role: sole director, President, Chief Executive Officer, Treasurer and Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  Eric E. Poma resigned as Director at Molecular Templates, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm
- Executive change
  Corsee Sanders resigned as Director at Molecular Templates, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1183765/000119312525000647/0001193125-25-000647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.