---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-035265"
form_type: "8-K"
ticker: null
cik: "0001368148"
company_name: "ATHERSYS, INC / NEW"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T07:48:03.862040+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Athersys terminates employees, CEO and COO to depart Dec 31; estimates $0.36M in charges

## Summary
- On Dec 15, terminated 4 employees; remaining employees including CEO Camardo and COO Hansen to be terminated effective Dec 31, 2023.
- Estimated one-time pre-tax cash charges of $0.360 million for employee severance and termination benefits.
- CEO and COO will receive one month salary and two months COBRA in exchange for release of claims.
- The departures may lead to additional costs not currently contemplated.

## SEC filing metadata
- accession: 0001437749-23-035265
- form_type: 8-K
- cik: 0001368148
- company_name: ATHERSYS, INC / NEW
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368148/000143774923035265/0001437749-23-035265-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368148/000143774923035265/athx20231222_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-035265
- JSON: https://secwatch.observer/filing/0001437749-23-035265.json
- Plain text: https://secwatch.observer/filing/0001437749-23-035265.txt

## Key facts
- Restructurings & Charges
  ATHERSYS, INC / NEW announced a restructuring with charges of approximately $0.360 million affecting corporate (terminated four of its employees. Effective December 31, 2023, the Company anticipates terminating its remaining employe).
  - Type: restructuring
  - Charge: approximately $0.360 million
  - Affected area: corporate
  - Headcount: terminated four of its employees. Effective December 31, 2023, the Company anticipates terminating its remaining employe
  source text: The Company anticipates that some of the terminated employees may continue to advise the Company on a consulting basis. The Company estimates that it will incur approximately $0.360 million of one-time pre-tax cash charges related to the employee terminations, consisting of employee severance and other one-time termination benefits. These estimates are subject to a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368148/000143774923035265/0001437749-23-035265-index.htm

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