Current Report Filing (8-k)
17 Juni 2015 - 10:17PM
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):
June 11, 2015
ARCH THERAPEUTICS, INC.
(Exact name of registrant as specified in
its charter)
Nevada |
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000-54986 |
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46-0524102 |
(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
of incorporation) |
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File Number) |
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Identification No.) |
235 Walnut Street, Suite 6 |
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Framingham, Massachusetts |
02481 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including
area code: (617) 431-2313
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 (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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. |
(b), (e)
On June 11, 2015, William M. Cotter informed
Arch Therapeutics, Inc. (the “Company”) of his desire to retire and resign from his role as the Chief Operating
Officer (the “COO”) of the Company. On June 15, 2015, the Company and Mr. Cotter entered into a Separation Agreement
(the “Separation Agreement”) pursuant to which Mr. Cotter resigned as an employee and as the Company’s
COO, agreed to the termination of that certain Executive Employment Agreement by and between the Company and Mr. Cotter effective
as of July 2, 2013 and as amended effective March 13, 2014, and agreed to provide certain advisory services to the Company.
Under the terms of the Separation Agreement,
which also contains customary post-employment covenants, the Company has agreed to (i) pay Mr. Cotter $60,000 (less applicable
withholding and customary payroll deductions), which shall be payable over three months in accordance with the Company’s
pay policies; and (ii) provide Mr. Cotter healthcare reimbursements for a three-month period at an amount of up to $2,500.00 per
month.
The foregoing description of the Separation
Agreement does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, a copy of
which the Company expects to file with the Company’s applicable Quarterly Report on Form 10-Q.
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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ARCH THERAPEUTICS, INC. |
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Dated: June 17, 2015 |
By: |
/s/ Terrence W. Norchi, M.D. |
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Name: Terrence W. Norchi, M.D. |
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Title: President, Chief Executive Officer |
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