Oncorus Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Leadership Update
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Item 1.02 Termination of a Material Definitive Agreement.
On July 18, 2023, Oncorus, Inc. (the "Company") entered into a Lease Termination Agreement with IQHQ-4 Corporate, LLC ("Landlord") for certain premises (the "Premises") located at 4 Corporate Drive, Andover, Massachusetts 01810 (the "Lease Termination Agreement"). The Lease Termination Agreement provides that the Lease Agreement entered into as of December 29, 2020, by and between the Company and Landlord (as amended to date, the "Lease"), will terminate on July 31, 2023 (the "Lease Termination Date"). On before the Lease Termination Date, the Company is obligated under the Lease Termination Agreement to vacate and surrender the Premises consistent with the Company's surrender obligations under the Lease, including the surrender of all leasehold improvements remaining in the Premises. Following the Lease Termination Date, the Company shall have no further right to possess, use, occupy, enter or otherwise enjoy the Premises, and the Company shall have no further obligations to the Landlord under the Lease.
As consideration for Landlord’s agreement to enter into the Lease Termination Agreement and as full and final settlement of the Company's obligations to the Landlord under the Lease, the Landlord shall have the right to draw upon the full amount of a letter of credit that it currently holds under the Lease.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 18, 2023, Douglas M. Fambrough, III, Ph.D. notified the Company of his resignation from the Company's Board of Directors (the "Board") as well as the Compensation Committee of the Board, effective as of July 20, 2023. Dr. Fambrough's resignation was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
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.
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ONCORUS, INC. |
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Date: |
July 19, 2023 |
By: |
/s/ Alexander Nolte |
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Alexander Nolte Interim Chief Financial Officer |