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VRML > SEC Filings for VRML > Form 8-K on 3-Jan-2014All Recent SEC Filings

Show all filings for VERMILLION, INC.



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.

Due to recent changes in the sales and marketing organization of Vermillion, Inc. (the "Company"), the position of Vice President of Sales and Marketing was eliminated. As a result, William Creech, Vice President of Sales and Marketing, was terminated without cause effective January 2, 2014.

Mr. Creech's termination was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

On January 3, 2014, the Company entered into a short-term consulting agreement with William Creech, effective on January 6, 2014. Pursuant to the terms of the consulting agreement, Mr. Creech will provide consultation to the Company on an as needed basis through February 5, 2014 at the rate of $135 per hour.

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