UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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| Item 1.01 | Entry into a Material Definitive Agreement |
The information contained in “Item 5.02 - Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers” is incorporated herein by reference.
| Item 5.02 | Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On August 21, 2020, Kerri-Ann Millar, formerly Vice President of Finance, was appointed Chief Financial Officer (“CFO”) of Cue Biopharma, Inc. (the “Company”).
In connection with Ms. Millar’s appointment as CFO, on August 21, 2020 the Company entered into an Executive Employment Agreement (the “Employment Agreement”) with Ms. Millar pursuant to which, among other things, (1) Ms. Millar is entitled to an annual base salary of $325,000 (the “Base Salary”) and an annual target bonus of no less than thirty-five percent (35%) of the Base Salary, (2) Ms. Millar received a grant of 65,000 stock options vesting over four years in equal, semi-annual installments beginning six months from issuance, and (3) Ms. Millar received a grant of 20,000 restricted stock units, one-third vesting on the grant date and the balance vesting in two equal annual installments on the first and second anniversaries of the grant date.
Ms. Millar joined the Company in September 2017 as Corporate Controller and became the Company’s Vice President, Finance on May 1, 2018. Prior to joining the Company, Ms. Millar served as Corporate Controller of Flexion (Nasdaq: FLXN), a biopharmaceutical company focused on treatments for patients with musculoskeletal conditions, from March 2014 to September 2017. From May 2005 to March 2014, Ms. Millar served as Finance Specialist for Curis, Inc. (Nasdaq: CRIS), a biotechnology company focused on treatments for cancer. Ms. Millar holds a B.S. in Accounting and Finance from Boston University and is a Certified Public Accountant.
A copy of the Employment Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K, and the foregoing description of the terms of the Employment Agreement is qualified in its entirety by reference to such exhibit.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit |
Description | |
| 10.1 | Executive Employment Agreement dated August 21, 2020 between the Company and Kerri-Ann Millar | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Cue Biopharma, Inc. | ||||||
| Date: August 24, 2020 | By: | /s/ Daniel R. Passeri | ||||
| Name: | Daniel R. Passeri | |||||
| Title: | Chief Executive Officer | |||||