UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 9, 2022
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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 December 9, 2022, Giulia C. Kennedy, Ph.D, Global Chief Scientific Officer and Chief Medical Officer of Veractye, Inc. (the “Company”), and the Company agreed that she would depart from the Company, effective December 31, 2022.
In connection with Dr. Kennedy’s departure, the Company will enter into a separation agreement (the “Separation Agreement”) with Dr. Kennedy providing for: (i) six months’ salary; (ii) continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, through the earlier of (1) 24 months following Dr. Kennedy’s date of departure and (2) the date on which Dr. Kennedy becomes eligible for coverage from an employer or Medicare; (iii) payment of Dr. Kennedy’s annual performance bonus for the year ending December 31, 2022 at the corporate achievement level to be determined by the Company’s compensation committee for all participants; and (iv) an additional cash payment of $100,000 in appreciation for all of Dr. Kennedy’s contributions as one of the first employees of the Company.
The foregoing summary of the Separation Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the Separation Agreement, which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ending December 31, 2022.
SIGNATURE
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: | December 14, 2022 | ||||||||||
| VERACYTE, INC. | |||||||||||
| By: | /s/ Rebecca Chambers | ||||||||||
| Name: | Rebecca Chambers | ||||||||||
| Title: | Chief Financial Officer | ||||||||||