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 August 26, 2021, Jae B. Kim, M.D. informed Avidity Biosciences, Inc. (the “Company”) of his intention to resign as Chief Medical Officer of the Company, effective August 30, 2021, for personal reasons. In connection with his resignation, the Company entered into a separation agreement with Dr. Kim, pursuant to which Dr. Kim, in exchange for a general release of claims and his agreement to various other customary restrictive covenants, will be eligible to receive certain severance benefits. The foregoing description of the separation agreement does not purport to be complete and is qualified in its entirety by reference to the separation agreement, which will be filed as an exhibit 10.1 to the Company’s Form 10-Q to be filed for the quarter ending September 30, 2021, and is incorporated herein by reference.
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.
| AVIDITY BIOSCIENCES, INC. | ||||||
| Date: September 1, 2021 | By: | /s/ Michael F. MacLean | ||||
| Michael F. MacLean | ||||||
| Chief Financial Officer | ||||||