UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On May 24, 2024, Collegium Pharmaceutical, Inc. (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Michael Heffernan in connection with Mr. Heffernan’s appointment as Interim President and Chief Executive Officer of the Company. Pursuant to the Letter Agreement, Mr. Heffernan will receive a base salary at an annual rate of $291,666 (representing one-third of the prior base salary of Joseph Ciaffoni, the Company’s departing Chief Executive Officer). Also pursuant to the Letter Agreement, Mr. Heffernan’s employment with the Company may be terminated by the Board of Directors of the Company at any time or extended by mutual agreement.
Also on May 24, 2024, the Company entered into a Separation and Release Agreement with Mr. Ciaffoni (the “Separation Agreement”) in connection with his previously announced departure from the Company. Pursuant to the Separation Agreement, Mr. Ciaffoni will receive the severance benefits he is entitled to pursuant to Section 5.1 of his Amended and Restated Employment Agreement with the Company, dated December 27, 2020, as amended, in connection with a termination without cause.
The foregoing descriptions of the Letter Agreement and the Separation Agreement do not purport to be complete and are qualified in its entirety by reference to the Letter Agreement and Separation Agreement, which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending June 30, 2024.
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.
Dated: May 24, 2024 | Collegium Pharmaceutical, Inc. | |
By: | /s/ Colleen Tupper | |
Name: Colleen Tupper | ||
Title: Executive Vice President and Chief Financial Officer |
Cover |
May 24, 2024 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 24, 2024 |
Entity File Number | 001-37372 |
Entity Registrant Name | COLLEGIUM PHARMACEUTICAL, INC. |
Entity Central Index Key | 0001267565 |
Entity Tax Identification Number | 03-0416362 |
Entity Incorporation, State or Country Code | VA |
Entity Address, Address Line One | 100 Technology Center Drive |
Entity Address, Address Line Two | Suite 300 |
Entity Address, City or Town | Stoughton |
Entity Address, State or Province | MA |
Entity Address, Postal Zip Code | 02072 |
City Area Code | 781 |
Local Phone Number | 713-3699 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common stock, par value $0.001 per share |
Trading Symbol | COLL |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |