Current Report Filing (8-k)
April 12 2017 - 5:16PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): April 10, 2017
Kite Pharma, Inc.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
001-36508
|
|
27-1524986
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
2225 Colorado Avenue
Santa Monica, California
|
|
90404
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrants telephone number, including area code: (310) 824-9999
Not Applicable
(Former
name or former address, if changed since last report.)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On April 10, 2017, the Compensation Committee (the Committee) of the Board
of Directors (the Board) of Kite Pharma, Inc. (Kite) considered a milestone achievement award for Arie Belldegrun, M.D., FACS, President and Chief Executive Officer, Cynthia M. Butitta, Chief Operating Officer, David Chang,
M.D., Chief Medical Officer and Executive Vice President of Research and Development, Helen Kim, Executive Vice President of Business Development, Paul Jenkinson, Chief Financial Officer, and Jeff Wiezorek, M.D., Senior Vice President of Clinical
Development.
The Committee desired to recognize Kites executive officers achievements, increase retention incentives and motivate the
executive officers for outstanding future performance, particularly to recognize the submission of Kites Biologics License Application to the U.S. Food and Drug Administration (FDA) for the accelerated approval of axicabtagene
ciloleucel, and to obtain approval for axicabtagene ciloleucel. As a result, the Committee approved the grant of restricted stock units (RSUs) with 100% vesting upon FDA approval of axicabtagene ciloleucel in the amount of
(1) 15,000 RSUs to Dr. Chang, (2) 10,000 RSUs to Dr. Wiezorek, (3) 8,000 RSUs to Ms. Butitta, (4) 6,000 RSUs to Ms. Kim and (5) 2,500 RSUs to Mr. Jenkinson.
In addition, the Committee recommended to the Board that Dr. Belldegrun receive 100,000 RSUs with 50% vesting upon FDA approval of axicabtagene
ciloleucel and 50% vesting on the one year anniversary of such approval. On April 10, 2017, the Board approved the proposed grant to Dr. Belldegrun.
The RSUs granted to the Kite executive officers will be issued pursuant to Kites 2014 Equity Incentive Plan.
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.
|
|
|
|
|
|
|
Date: April 12, 2017
|
|
|
|
KITE PHARMA, INC.
(Registrant)
|
|
|
|
|
|
|
|
|
By:
|
|
/s/ Paul Jenkinson
|
|
|
|
|
Name:
|
|
Paul Jenkinson
|
|
|
|
|
Title:
|
|
Chief Financial Officer
|
KITE PHARMA, INC. (NASDAQ:KITE)
Historical Stock Chart
From Mar 2024 to Apr 2024
KITE PHARMA, INC. (NASDAQ:KITE)
Historical Stock Chart
From Apr 2023 to Apr 2024