secwatch.observer — SEC 8-K summary
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Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001698530-23-000037
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/0001698530-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000037/xcur-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001698530-23-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer