UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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.
Effective as of July 9, 2021, James Levine resigned from his position as the Chief Financial Officer, including as the principal financial officer and principal accounting officer, of Cidara Therapeutics, Inc. (the “Company”). Mr. Levine resigned from the Company in order to pursue other opportunities.
Effective as of the date of Mr. Levine’s resignation, Jeffrey L. Stein, President and Chief Executive Officer of the Company, will assume the role of the Company’s principal financial officer, and Brady Johnson will be promoted to Vice President, Finance and assume the role of the Company’s principal accounting officer. There will be no change to Dr. Stein’s or Mr. Johnson’s compensation arrangements with the Company as a result of their respective appointments. There are no family relationships between each of Dr. Stein and Mr. Johnson and any of the Company’s current or former directors or executive officers. Neither Dr. Stein nor Mr. Johnson is a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933, as amended.
Mr. Levine has agreed to serve as a consultant to the Company for at least the six month period following his resignation to assist with a smooth transition of his duties, and his Company equity awards will continue to vest during such period of transition services.
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.
| Cidara Therapeutics, Inc. | ||||||
| Date: July 1, 2021 | /s/ Jeffrey L. Stein | |||||
| Jeffrey L. Stein President and Chief Executive Officer | ||||||
| (Principal Executive Officer) | ||||||