UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Termination of Employment of Mark H. Kirschbaum, M.D.
On January 25, 2024, the employment of Mark H. Kirschbaum, M.D. as Chief Medical Officer of Cyclacel Pharmaceuticals, Inc. (the “Company”) was terminated by the Company, effective immediately.
Dr. Kirschbaum will have the right to continue his health insurance benefits under the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). If Dr. Kirschbaum does not elect COBRA coverage, his participation in any employee benefits programs will end on January 31, 2024. In connection with the termination of Dr. Kirschbaum’s employment, Dr. Kirschbaum is not entitled to any severance benefits.
Item 8.01. Other Events.
Appointment of Interim Chief Medical Officer
On January 25, 2024, the board of directors of the Company (the “Board”) appointed Dr. Brian Schwartz, a member of the Board, to serve in the position of interim Chief Medical Officer of the Company, effective immediately. Dr. Schwartz will not be considered an independent director while serving as interim Chief Medical Officer.
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.
| CYCLACEL PHARMACEUTICALS, INC. | ||
| By: | /s/ Paul McBarron | |
| Name: | Paul McBarron | |
| Title: | Executive Vice President-Finance, | |
| Chief Financial Officer and Chief Operating Officer | ||
Date: January 30, 2024