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)
December 19, 2007 (December 15, 2007)
Introgen Therapeutics, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware
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0-21291
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74-2704230 |
(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
301 Congress Avenue, Suite 1850
Austin, Texas 78701
(Address of principal executive offices, including zip code)
(512) 708-9310
(Registrant’s telephone number, including area code)
(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:
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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.
On December 15, 2007, Introgen Therapeutics, Inc. (the “Company”) entered into a new
employment agreement with David G. Nance, effective as of August 1, 2007, under which Mr. Nance
serves as our President and Chief Executive Officer. The employment agreement with Mr. Nance
continues through July 31, 2010, and thereafter renews automatically for one-year terms until
either party gives timely written notice of non-renewal. Mr. Nance’s base salary under the
employment agreement is $594,944 per annum effective August 1, 2007. His compensation under the
employment agreement is subject to review annually. In the event of Mr. Nance’s termination by the
Company other than for cause, the Company must continue to pay Mr. Nance compensation otherwise
payable to him under the employment agreement for the remainder of the then current term, and he
will no longer be subject to his non-competition and nondisclosure agreements. This employment
agreement replaces and supersedes that certain employment agreement with Mr. Nance dated as of
August 1, 2003.