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ENZN > SEC Filings for ENZN > Form 8-K on 25-Jul-2013All Recent SEC Filings




Change in Directors or Principal Officers

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

(b) On July 22, 2013, Timothy G. Daly informed Enzon Pharmaceuticals, Inc. (the "Company") that he will be resigning, effective August 9, 2013, as the Company's Vice President, Controller and Chief Accounting Officer to pursue a new career opportunity. The Compensation Committee of the Board of Directors of the Company, in consultation with the Company's other independent directors, approved a separation payment for Mr. Daly in the amount of $33,521 for his service to date for fiscal year 2013 and his assistance in transitioning his responsibilities. Following the effective date of his resignation, it is expected that Mr. Daly will provide consulting services on an hourly basis to the Company during such transition. George W. Hebard III, the Company's Interim Principal Executive Officer and Interim Chief Operating Officer, will assume the function of the Company's principal financial officer upon the effective date of Mr. Daly's resignation.

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