SELLAS Life Sciences Group Inc. filed SEC Form 8-K: Leadership Update
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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 January 10, 2025, the Board of Directors (the “Board”) of SELLAS Life Sciences Group, Inc. (the “Company”) approved an amendment to the Change in Control Severance Agreement, dated December 14, 2021 (the “Cicic Severance Agreement”), by and between the Company and Dragan Cicic, Senior Vice President and Chief Development Officer of the Company, to provide for severance of 15 months of the applicable then-current base salary upon a termination in connection with a change of control.
Additionally, on January 10, 2025, the Board approved an amendment to the Change in Control Severance Agreement, dated December 14, 2021 (the “Burns Severance Agreement”), by and between the Company and John Burns, Senior Vice President and Chief Financial Officer of the Company, to provide for severance of 15 months of the applicable then-current base salary upon a termination in connection with a change of control.
All other provisions in the Cicic Severance Agreement and Burns Severance Agreement, respectively, remain the same.
The foregoing descriptions of the amendments to the Cicic Severance Agreement and Burns Severance Agreement are not complete and are qualified in their entirety by reference to the full text of the amendments to the Cicic Severance Agreement and Burns Severance Agreement, copies of which will be filed with the Company’s next periodic report to be filed with the U.S. Securities and Exchange Commission.
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.
| SELLAS Life Sciences Group, Inc. | |||
| Date: January 16, 2025 | By: | /s/ John T. Burns | |
| Name: | John T. Burns | ||
| Title: | Senior Vice President, Chief Financial Officer | ||