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 July 8, 2022, Aileron Therapeutics, Inc., a Delaware corporation (the “Company”), entered into a Separation and Release of Claims Agreement with Vojislav Vukovic, M.D., Ph.D. (the “Separation Agreement”), which provides for Dr. Vukovic’s separation of employment as Senior Vice President, Chief Medical Officer of the Company, effective July 8, 2022 (the “Separation Date”). Dr. Vukovic’s separation from the Company was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
Under the Separation Agreement, the Company has agreed to provide Dr. Vukovic with (i) nine (9) months of semi-monthly salary continuation payments, payable in equal installments in accordance with the Company’s regular payroll practices, in an aggregate amount equal to nine (9) months of Dr. Vukovic’s base salary as of the Separation Date, subject to applicable taxes and withholdings, and (ii) payment on Dr. Vukovic’s behalf of the monthly premiums for group medical insurance coverage under COBRA until the earlier of the date that is nine (9) months after the Separation Date and the date on which Dr. Vukovic becomes eligible to receive the same or substantially similar group health insurance coverage through another employer; provided, that Dr. Vukovic does not revoke the Separation Agreement in writing during the seven (7) day period after the Separation Date. The Separation Agreement also contains a release of claims by Dr. Vukovic, subject to customary exceptions, and covenants not to solicit or disparage and to cooperate with the Company.
The foregoing summary of the principal terms of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Separation Agreement, a copy of which will be attached as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Aileron Therapeutics, Inc. | ||||||
| Date: July 8, 2022 |
By: |
/s/ Manuel Aivado | ||||
| Manuel Aivado, M.D., Ph.D. | ||||||
| President and Chief Executive Officer | ||||||