Current Report Filing (8-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): July 29, 2022

Athersys, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

001-33876

20-4864095

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

3201 Carnegie Avenue,

Cleveland,

Ohio

44115-2634

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (216) 431-9900

(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))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.001 per share	ATHX	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 4, 2022, Athersys, Inc. (the “Company”) announced that the Board of Directors of the Company has appointed Kasey Rosado as interim Chief Financial Officer of the Company, effective as of July 29, 2022. Mr. Dan Camardo, the Company’s Chief Executive Officer, will continue to act as the Company's principal financial officer until the Company files its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.

Ms. Rosado, age 49, has served as a Senior Managing Director with Ankura Consulting Group, LLC, a leading global expert services and advisory firm (“Ankura”), since 2018. Prior to joining Ankura, Ms. Rosado was a managing director at CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm, since 1998. Pursuant to an engagement agreement between the Company and Ankura, Ms. Rosado will continue to receive her compensation and benefits from Ankura. In connection with the appointment of Ms. Rosado as interim Chief Financial Officer of the Company, the Company expects to pay Ankura approximately $100,000 per month under the engagement agreement.

Except as described above, there are no arrangements or understandings between Ms. Rosado and any other persons pursuant to which Ms. Rosado was named interim Chief Financial Officer of the Company. Ms. Rosado does not have any family relationship with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Ms. Rosado does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.

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: August 4, 2022