---
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"
generated_at: "2026-06-16T03:40:15.977184+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Exicure names Michael Kim CEO/CFO/President; prior CEO Schroff and CFO Papadimas resign with severance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698530-23-000037
- JSON: https://secwatch.observer/filing/0001698530-23-000037.json
- Plain text: https://secwatch.observer/filing/0001698530-23-000037.txt

## Key facts
- Executive change
  Matthias Schroff resigned as Class I Director at EXICURE, INC..
  - Action: resigned
  - Role: Class I Director
  source text: Mr. Schroff and Seung Shoo Shin resigned from the Board as Class I and Class II Directors, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
- Executive change
  Jiyoung Hwang was appointed as Class I Director at EXICURE, INC..
  - Action: appointed
  - Role: Class I Director
  source text: Jiyoung Hwang was appointed to fill the Class I Director vacancy
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
- Executive change
  Matthias Schroff resigned as Chief Executive Officer and President at EXICURE, INC..
  - Action: resigned
  - Role: Chief Executive Officer and President
  source text: Matthias Schroff resigned as the Chief Executive Officer and President of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
- Executive change
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
- Executive change
  Seung Shoo Shin resigned as Class II Director at EXICURE, INC..
  - Action: resigned
  - Role: Class II Director
  source text: Mr. Schroff and Seung Shoo Shin resigned from the Board as Class I and Class II Directors, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
- Executive change
  Elias Papadimas resigned as Chief Financial Officer and Corporate Secretary at EXICURE, INC..
  - Action: resigned
  - Role: Chief Financial Officer and Corporate Secretary
  source text: Elias Papadimas resigned as Chief Financial Officer and Corporate Secretary of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
- Executive change
  Jung Sang (Michael) Kim was appointed as Class II Director at EXICURE, INC..
  - Action: appointed
  - Role: Class II Director
  source text: The Board appointed Mr. Kim to fill the Class II Director vacancy
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm

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