Lixte appoints Geordan Pursglove as CEO, contingent on Nasdaq financing by July 3

LIXTE BIOTECHNOLOGY HOLDINGS, INC.

Geordan Pursglove appointed CEO and Chairman; Bastiaan van der Baan resigns as CEO, remains President and CSO.
Employment agreement with Pursglove has $240K annual salary, plus potential bonus and stock option grant for 350K shares.
Van der Baan's existing stock option for 250K shares fully vested; exercise period extended to one year after service ends.
Pursglove's appointment automatically terminates if Lixte fails to complete a financing enabling Nasdaq listing by July 3, 2025.
If financing condition not met, van der Baan to be reinstated as CEO and Chairman, and Pursglove's option grant cancelled.

item 1.01 item 5.02 item 9.01

Executive movements

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Role change

Bastiaan van der Baan

President and Chief Scientific Officer

LIXT · LIXTE BIOTECHNOLOGY HOLDINGS, INC.

Effective: 2025-06-16
Successor: Geordan Pursglove
Filed: June 17, 2025, 7:59 PM ET

Bastiaan van der Baan resigned as Chairman of the Board of Directors and Chief Executive Officer

Appointed

Geordan Pursglove

Chief Executive Officer and Chairman

LIXT · LIXTE BIOTECHNOLOGY HOLDINGS, INC.

Effective: 2025-06-16
Filed: June 17, 2025, 7:59 PM ET

effective June 16, 2025, Geordan Pursglove was appointed as the Company’s Chairman of the Board of Directors and Chief Executive Officer,

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bastiaan van der Baan departed as President and Chief Scientific Officer at LIXTE BIOTECHNOLOGY HOLDINGS, INC..

Action: resigned as Chairman and Chief Executive Officer
Role: President and Chief Scientific Officer

Exact text from the filing

Bastiaan van der Baan resigned as Chairman of the Board of Directors and Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Geordan Pursglove was appointed as Chief Executive Officer and Chairman at LIXTE BIOTECHNOLOGY HOLDINGS, INC..

Action: appointed
Role: Chief Executive Officer and Chairman

Exact text from the filing

effective June 16, 2025, Geordan Pursglove was appointed as the Company’s Chairman of the Board of Directors and Chief Executive Officer,

View on SEC.gov

LIXTE BIOTECHNOLOGY HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-015346

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