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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 17, 2021, Ziopharm Oncology, Inc. (the “Company”) appointed Timothy Cunningham, as the Company’s interim Chief Financial Officer, effective immediately. He was also appointed as the Company’s principal financial officer. Mr. Cunningham is a consultant to the Company, providing services to the Company pursuant to a consulting agreement between the Company and Danforth Advisors, LLC, a financial consultancy firm specializing in working with life sciences companies (the “Consulting Agreement”).
Mr. Cunningham, age 59, brings over 30 years of extensive finance and operations leadership experience in the biotechnology and software industries. He has been employed by Danforth Advisors, LLC since September 2020, providing financial consulting services on a project/interim basis for public and private life sciences companies. From July 2016 to August 2020, he served as chief financial officer at Organogenesis Inc., where he led the company through its initial public offering process and several subsequent public offering raises. From 2014 to 2015, he served as senior vice president and chief financial officer at DialogTech. Mr. Cunningham originally started his career with KPMG and PricewaterhouseCoopers. He holds an M.B.A. from Boston University, a B.S. in Accounting from Boston College and is a CPA in the states of New York and Florida.
The term of the Consulting Agreement continues until such time as either party gives written notice of termination. The Consulting Agreement may be terminated by either party with cause, upon 30 days’ written notice and without cause, upon 60 days’ written notice. The Consulting Agreement provides for compensation for services provided at a rate of $375 per hour and reimbursement of expenses. The foregoing summary of the Consulting Agreement is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Other than the Consulting Agreement, there are no arrangements or understandings between Mr. Cunningham and any other person pursuant to which he is being appointed as the principal financial officer of the Company. Mr. Cunningham has no family relationship with any of the executive officers or directors of the Company.
Item 9.01 | Financial Statements and Exhibits. |
Exhibit No. |
Description | |
10.1 | Consulting Agreement by and between Ziopharm Oncology Inc. and Danforth Advisors LLC, effective as of January 21, 2021. | |
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 hereunto duly authorized.
ZIOPHARM ONCOLOGY, INC. | ||||||
By: | /s/ Robert Hadfield | |||||
Date: February 23, 2021 | Name: Robert Hadfield | |||||
Title: Chief Legal Officer |