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. |
Departure of Principal Financial Officer
On April 26, 2024, William G. Kachioff notified Eiger BioPharmaceuticals, Inc. (the “Company”) of his resignation as the Company’s Chief Financial Officer, to be effective April 29, 2024. In connection with the Company’s previously reported voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas under the caption In re Eiger BioPharmaceuticals, Inc., et al, Case No. 24-80040 (the “Chapter 11 Cases”), the Company had engaged Alvarez & Marsal (“A&M”) as its financial advisor and has expanded its reliance on A&M for its financial and accounting matters.
| Item 7.01. | Regulation FD Disclosure |
On April 19, 2024, the Board of Directors of the Company appointed Douglas Staut to serve as the Company’s Chief Restructuring Officer. Mr. Staut is a managing director of A&M, a management advisory and consulting firm. Mr. Staut specializes in restructuring and reorganizations.
Cautionary Statements Regarding Trading in the Company’s Securities
The Company’s securityholders are cautioned that trading in the Company’s securities during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual recovery, if any, by holders thereof in the Company’s Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities. In particular, the Company expects that its securityholders could experience a significant or complete loss on their investment, depending on the outcome of the Chapter 11 Cases.
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.
| Eiger BioPharmaceuticals, Inc. | ||||||
| Dated: May 2, 2024 | ||||||
| By: | /s/ James Vollins | |||||
| James Vollins | ||||||
| General Counsel, Chief Compliance Officer & Corporate Secretary | ||||||