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GNSZ > SEC Filings for GNSZ > Form 8-K on 1-Jul-2013All Recent SEC Filings

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Form 8-K for GENSPERA INC


1-Jul-2013

Change in Directors or Principal Officers


Item 5.02. Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

As previously disclosed, GenSpera, Inc. ("Company") received the resignation of Nancy Jean Barnabei as Vice President Finance, Treasurer and Principal Accounting Officer on May 6, 2013. Ms. Barnabei's final day of employment occurred on June 30, 2013.

In connection with Ms. Barnabei's resignation, the Company and Ms. Barnabei entered into a Release Agreement which provides for an extended amount of time to exercise any stock options vested as of June 30, 2013 from three months from the date of her final day of employment to the expiration date of each respective award, in exchange for Ms. Barnabei's general release of claims against the Company, if any.

Effective July 1, 2013, the Company's board of directors appointed, on an interim basis, Craig Dionne, the Company's Chief Executive Officer, as acting principal accounting officer. The biographical information for Mr. Dionne, and the information relating to Mr. Dionne under the heading "Certain Relationships and Related Transactions," is included in the Company's Annual Report on Form 10-K, filed with the United States Securities and Exchange Commission on March 29, 2013, and is hereby incorporated by reference.

There is no family relationship between Mr. Dionne and any of the Company's other officers or directors.

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