UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 June 3, 2022, Michael Goldstein, M.D., President, Ophthalmology and Chief Medical Officer of Ocular Therapeutix, Inc. (the “Company”) and the Company mutually agreed that Dr. Goldstein would depart the Company to pursue other business opportunities, effective June 30, 2022 (the “Separation Date”). In connection with his departure, Rabia Gurses Ozden, M.D., Senior Vice President, Clinical Development of the Company, has agreed to assume the role of Chief Medical Officer of the Company, effective on July 1, 2022.
Consulting Agreement with Dr. Goldstein. In connection with his departure, Dr. Goldstein has agreed to assist the Company in an advisory capacity from July 1, 2022 until June 30, 2023 under the terms of a consulting agreement entered into with the Company on June 7, 2022 (the “Consulting Agreement”), the term of which shall automatically renew for one-year intervals through June 30, 2026, unless earlier terminated. Under the terms of the Consulting Agreement, either party may terminate without cause upon thirty days’ written notice to the other party. The Company may also terminate the Consulting Agreement immediately upon written notice if Dr. Goldstein does not timely enter into, or enters into and subsequently revokes, a separation and release of claims agreement or if he breaches or threatens to breach any provision of the Consulting Agreement. During the term of the Consulting Agreement, Dr. Goldstein is entitled to receive a monthly fee of $6,000 for consulting services, subject to monthly adjustment in certain circumstances as set forth in the Consulting Agreement. In addition, the Consulting Agreement provides that Dr. Goldstein is subject to certain non-competition and non-solicitation restrictions during the term of the Consulting Agreement.
The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the Consulting Agreement, a copy of which the Company intends to file with the Securities and Exchange Commission in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2022.
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.
OCULAR THERAPEUTIX, INC. | ||
Date: June 8, 2022 | By: | /s/ Donald Notman |
Donald Notman | ||
Chief Financial Officer |