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.
As previously disclosed, effective July 31, 2020, Adrian J. Hepner, M.D., Ph.D. resigned as the Executive Vice President and Chief Medical Officer of Eagle Pharmaceuticals, Inc. (the “Company”).
On July 31, 2020, the Company and Dr. Hepner entered into a consulting agreement (the “Consulting Agreement”). Pursuant to the Consulting Agreement, Dr. Hepner will provide consulting services to the Company from August 1, 2020 until July 31, 2021, unless earlier terminated (the “Consulting Period”). In consideration of Dr. Hepner’s provision of consulting services, the Company has agreed to pay Dr. Hepner (i) a weekly retainer of $8,000 for 20 hours of services each week for the first six months of the Consulting Period and (ii) a weekly retainer of $4,000 for 10 hours of services each week for the remaining six months of the Consulting Period. The Company will also continue to pay the employer portion of Dr. Hepner’s COBRA medical continuation benefits until January 31, 2022.
The foregoing description of the terms of the Consulting Agreement is a summary and does not purport to be complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2020.
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.
Eagle Pharmaceuticals, Inc. | ||
Dated: August 6, 2020 | ||
By: | /s/ Scott Tarriff | |
Scott Tarriff | ||
Chief Executive Officer |