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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Targanta Therapeutics Corp (MM) | NASDAQ:TARG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.64 | 0 | 01:00:00 |
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): August 25, 2008
TARGANTA THERAPEUTICS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-33730 | 20-3971077 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
222 Third Street, Suite 2300
Cambridge, Massachusetts 02142-1122
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: (617) 577-9020
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):
¨ | 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 Principal Officers; Election of Directors; Appointment of Principal Officers. |
(b) On August 25, 2008, Targanta Therapeutics Corporation (the Company) received notice from Jay Venkatesan that Mr. Venkatesan would be resigning as a member of the Board of Directors of the Company (the Board), effective as of August 25, 2008. Mr. Venkatesan was a Class II Director and a member of the Audit Committee and Compensation Committee of the Board.
(d) Effective August 25, 2008, the Board appointed Stéphane Bancel as a director. Mr. Bancel was elected to fill the vacancy created by Mr. Venkatesans resignation and will be slated to stand for re-election at the Companys 2009 Annual Meeting of Stockholders. At the time of his appointment to the Board, Mr. Bancel was appointed to serve on the Audit Committee of the Board.
Effective August 25, 2008, the Board appointed Rosemary A. Crane as a director. Ms. Crane was elected to a term expiring at the Companys 2011 Annual Meeting of Stockholders. At the time of her appointment to the Board, Ms. Crane was appointed to serve on the Compensation Committee of the Board.
Mr. Bancel and Ms. Crane will receive fees consistent with those fees received by the existing non-employee directors for service as a director to the Company, as described in the Companys Definitive Proxy Statement for its 2008 Annual Meeting of Stockholders filed with the SEC on April 28, 2008. Additionally, on the date of appointment, each of Mr. Bancel and Ms. Crane was granted a non-statutory stock option to purchase 25,000 shares of common stock of the Company with an exercise price equal to $6.00 per share. Each of Mr. Bancel and Ms. Crane will also enter into an indemnification agreement with the Company. Such agreement is identical to the indemnification agreements the Company has previously entered into with its other directors and executive officers.
A copy of the Companys press release announcing Ms. Cranes and Mr. Bancels appointment and Mr. Venkatesans resignation is attached hereto as Exhibit 99.1 and the information contained therein is incorporated by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
99.1 | Press Release issued by the Company dated August 26, 2008. |
SIGNATURE
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.
TARGANTA THERAPEUTICS CORPORATION | ||||
Date: August 26, 2008 | By: |
/s/ Daniel S. Char |
||
Name: | Daniel S. Char | |||
Title: | Vice President, General Counsel and Secretary |
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
99.1 | Press Release issued by the Company dated August 26, 2008. |
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