(b); (e)

On April 27, 2012, as part of an overall reduction in operating expenses, the Compensation Committee of the Board of Directors of Telik, Inc. (the "Company") unanimously approved the reduction of base salaries of certain executive officers and key personnel as follows, effective May 1, 2012:

                                                     2011 Base Salary         New Base Salary
Michael M. Wick, M.D., Ph.D.                         $         514,000       $         344,000
President and Chief Executive Officer
Steven R. Schow, Ph.D.                               $         262,000       $         176,000
Vice President, Research
Gail L. Brown, M.D.                                  $         406,000       $         272,000
Senior Vice President and Chief Medical Officer
William P. Kaplan                                    $         264,000       $         236,000
Vice President, General Counsel and Corporate
Secretary

In addition, Marc L. Steuer, Senior Vice President, Business Development, has become a consultant to the Company. Under the terms of Mr. Steuer's agreement with the Company, the last day of his employment was April 30, 2012, and Mr. Steuer will thereafter provide consulting services with respect to business development to the Company through October 31, 2012. This date may be extended by mutual agreement. Mr. Steuer will be entitled to receive $2,100 per month and reimbursement of COBRA premiums for health insurance coverage during the consulting period. The foregoing description is qualified in its entirety by reference to the agreement, a copy of which is attached hereto as Exhibit 99.1.

(d) Exhibits.

Exhibit No. Description

99.1 Agreement between the Company and Marc L. Steuer, dated April 30, 2012