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 January 28, 2022, Candel Therapeutics, Inc. (the “Company”) removed Estuardo Aguilar-Cordova and Laura Aguilar from their roles as officers of the Company, without cause under their respective employment agreements with the Company, with such termination expected to be effective on February 7, 2022. Following his termination, Estuardo Aguilar-Cordova will remain a member of the Board of Directors. Each of Estuardo Aguilar-Cordova and Laura Aguilar will receive the severance owed to them under their respective employment agreements, filed as Exhibit 10.5.2 and Exhibit 10.5.3, respectively to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 16, 2021, and subject to their execution and non-revocation of a severance and release of claims agreement in favor of the Company.
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.
| Candel Therapeutics, Inc. | ||||||
| Date: January 31, 2022 | By: | /s/ Paul Peter Tak | ||||
| Paul Peter Tak, M.D., Ph.D., FMedSci | ||||||
| President and Chief Executive Officer | ||||||