{"schema_version":"secwatch.filing_event.v1","accession":"0001698530-23-000037","form_type":"8-K","ticker":"XCUR","cik":"0001698530","company_name":"EXICURE, INC.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.092290+00:00","generated_at":"2026-06-16T03:40:15.977184+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Exicure names Michael Kim CEO/CFO/President; prior CEO Schroff and CFO Papadimas resign with severance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001698530-23-000037","json":"https://secwatch.observer/filing/0001698530-23-000037.json","markdown":"https://secwatch.observer/filing/0001698530-23-000037.md","text":"https://secwatch.observer/filing/0001698530-23-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/xcur-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:40:15.977184+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"468ecf592a","claim":"Matthias Schroff resigned as Class I Director at EXICURE, INC..","evidence_excerpt":"Mr. Schroff and Seung Shoo Shin resigned from the Board as Class I and Class II Directors, respectively.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"798206f149","claim":"Jiyoung Hwang was appointed as Class I Director at EXICURE, INC..","evidence_excerpt":"Jiyoung Hwang was appointed to fill the Class I Director vacancy","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"9579129c64","claim":"Matthias Schroff resigned as Chief Executive Officer and President at EXICURE, INC..","evidence_excerpt":"Matthias Schroff resigned as the Chief Executive Officer and President of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"a09ab5d6df","claim":"Jung Sang (Michael) Kim was appointed as Chief Executive Officer, Chief Financial Officer and President at EXICURE, INC..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer, Chief Financial Officer and President"}],"fact_type":"executive_change"},{"claim_id":"b5ad1b18fd","claim":"Seung Shoo Shin resigned as Class II Director at EXICURE, INC..","evidence_excerpt":"Mr. Schroff and Seung Shoo Shin resigned from the Board as Class I and Class II Directors, respectively.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Class II Director"}],"fact_type":"executive_change"},{"claim_id":"ea310c7673","claim":"Elias Papadimas resigned as Chief Financial Officer and Corporate Secretary at EXICURE, INC..","evidence_excerpt":"Elias Papadimas resigned as Chief Financial Officer and Corporate Secretary of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer and Corporate Secretary"}],"fact_type":"executive_change"},{"claim_id":"f81229d75e","claim":"Jung Sang (Michael) Kim was appointed as Class II Director at EXICURE, INC..","evidence_excerpt":"The Board appointed Mr. Kim to fill the Class II Director vacancy","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class II Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}