8-K
filed April 7, 2025, 7:59 PM ET
CIK 0001492674
leadership
confidence high
sentiment negative
materiality 0.95
T2 Biosystems loses entire board and top management; appoints turnaround specialist as CEO
T2 Biosystems, Inc.
- Directors John Sperzel and Robin Toft resigned March 31; Cumming, Elsbree, Toft, Liebman, Adams resigned April 3.
- Michael Gibbs resigned as SVP/GC/Secretary March 18; John Sperzel as CEO/President March 31; John Sprague as CFO/Treasurer April 3.
- Board appointed Craig Jalbert as CEO, President, Treasurer, Secretary, and Class I director effective April 3, 2025.
- Jalbert is a principal at Verdolino & Lowey, P.C., focusing on distressed businesses; compensated $50,000/year.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Gibbs resigned as Senior Vice President, General Counsel and Corporate Secretary at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Senior Vice President, General Counsel and Corporate Secretary
Exact text from the filing
On March 18, 2025, Michael Gibbs notified the Company of his termination of that certain Consulting Agreement between himself and the Company, dated February 15, 2025 and his resignation from his position as the Company’s Senior Vice President, General Counsel and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Laura Adams resigned as Director at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On April 3, 2025, John W. Cumming, David Elsbree, Robin Toft, Seymour Liebman and Laura Adams each notified the Company of their respective resignations as members of the Company’s Board and all committees thereof, effective as of 2;25 p.m on April 3, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Sperzel resigned as Chief Executive Officer and President at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Chief Executive Officer and President
Exact text from the filing
On March 31, 2025, John Sperzel notified the Company of his termination of that certain Consulting Agreement between himself and the Company, dated February 15, 2025 and his resignation from his position as the Company’s Chief Executive Officer and President.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John W. Cumming resigned as Director at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On April 3, 2025, John W. Cumming, David Elsbree, Robin Toft, Seymour Liebman and Laura Adams each notified the Company of their respective resignations as members of the Company’s Board and all committees thereof, effective as of 2;25 p.m on April 3, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robin Toft resigned as Director at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 31, 2025, John Sperzel and Robin Toft each notified T2 Biosystems, Inc. (the “Company”) of their respective resignations as members of the Company’s board of directors (the “Board”) and all committees thereof, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seymour Liebman resigned as Director at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On April 3, 2025, John W. Cumming, David Elsbree, Robin Toft, Seymour Liebman and Laura Adams each notified the Company of their respective resignations as members of the Company’s Board and all committees thereof, effective as of 2;25 p.m on April 3, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Elsbree resigned as Director at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On April 3, 2025, John W. Cumming, David Elsbree, Robin Toft, Seymour Liebman and Laura Adams each notified the Company of their respective resignations as members of the Company’s Board and all committees thereof, effective as of 2;25 p.m on April 3, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Sprague resigned as Chief Financial Officer and Corporate Treasurer at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Chief Financial Officer and Corporate Treasurer
Exact text from the filing
On April 3, 2025, John Sprague notified the Company of his resignation from his position as the Company’s Chief Financial Officer and Corporate Treasurer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Sperzel resigned as Director at T2 Biosystems, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 31, 2025, John Sperzel and Robin Toft each notified T2 Biosystems, Inc. (the “Company”) of their respective resignations as members of the Company’s board of directors (the “Board”) and all committees thereof, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig R. Jalbert was appointed as Class I Director at T2 Biosystems, Inc..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
On April 3, 2025, the Board appointed Craig R. Jalbert, age 63, as a Class I director and the Company’s Chief Executive Officer, President, Corporate Treasurer, and Corporate Secretary, effective as of 11:30 a.m. on April 3, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig R. Jalbert was appointed as Chief Executive Officer, President, Corporate Treasurer and Corporate Secretary at T2 Biosystems, Inc..
- Action
- appointed
- Role
- Chief Executive Officer, President, Corporate Treasurer and Corporate Secretary
Exact text from the filing
On April 3, 2025, the Board appointed Craig R. Jalbert, age 63, as a Class I director and the Company’s Chief Executive Officer, President, Corporate Treasurer, and Corporate Secretary, effective as of 11:30 a.m. on April 3, 2025.
View on SEC.gov
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