8-K
filed May 2, 2023, 7:59 PM ET
ticker XCUR
CIK 0001698530
leadership
confidence high
sentiment negative
materiality 0.65
Exicure names Michael Kim CEO/CFO/President; prior CEO Schroff and CFO Papadimas resign with severance
EXICURE, INC.
- Jung Sang (Michael) Kim appointed CEO, CFO, President and Class II director; Jiyoung Hwang appointed Class I director.
- Kim's agreement: $300,000 base salary, at-will, discretionary bonus on sale of company; duties performed remotely from Korea.
- Former CEO Matthias Schroff receives $603,800 lump sum severance plus up to $275,000 on change in control; equity vests in 3 months.
- Former CFO Elias Papadimas receives $370,000 lump sum, fully vested equity, and two-month consulting at $15,000/month.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthias Schroff resigned as Class I Director at EXICURE, INC..
- Action
- resigned
- Role
- Class I Director
Exact text from the filing
Mr. Schroff and Seung Shoo Shin resigned from the Board as Class I and Class II Directors, respectively.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jiyoung Hwang was appointed as Class I Director at EXICURE, INC..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
Jiyoung Hwang was appointed to fill the Class I Director vacancy
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthias Schroff resigned as Chief Executive Officer and President at EXICURE, INC..
- Action
- resigned
- Role
- Chief Executive Officer and President
Exact text from the filing
Matthias Schroff resigned as the Chief Executive Officer and President of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jung Sang (Michael) Kim was appointed as Chief Executive Officer, Chief Financial Officer and President at EXICURE, INC..
- Action
- appointed
- Role
- Chief Executive Officer, Chief Financial Officer and President
Exact text from the filing
Jung Sang (Michael) Kim has been appointed to Chief Executive Officer, Chief Financial Officer and President by the Board of Directors (the “ Board ”) effective as of April 26, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seung Shoo Shin resigned as Class II Director at EXICURE, INC..
- Action
- resigned
- Role
- Class II Director
Exact text from the filing
Mr. Schroff and Seung Shoo Shin resigned from the Board as Class I and Class II Directors, respectively.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elias Papadimas resigned as Chief Financial Officer and Corporate Secretary at EXICURE, INC..
- Action
- resigned
- Role
- Chief Financial Officer and Corporate Secretary
Exact text from the filing
Elias Papadimas resigned as Chief Financial Officer and Corporate Secretary of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jung Sang (Michael) Kim was appointed as Class II Director at EXICURE, INC..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
The Board appointed Mr. Kim to fill the Class II Director vacancy
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.