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ESPR > SEC Filings for ESPR > Form 8-K on 28-Feb-2014All Recent SEC Filings

Show all filings for ESPERION THERAPEUTICS, INC.



Change in Directors or Principal Officers, Financial Statements and E

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

On February 26, 2014, Esperion Therapeutics, Inc. (the "Company") entered into a transitional services agreement with Noah L. Rosenberg, M.D., the Company's Chief Medical Officer. The transition agreement includes a general release of claims in favor of the Company and related persons and entities and, among other things, provides that (i) Dr. Rosenberg will transition to the role of Senior Advisor to the CEO and will serve in that role on an at will basis until August 15, 2014, unless either party elects to end the relationship on an earlier date; (ii) Dr. Rosenberg's salary will be decreased to the rate of $162,500 during such transition period; (iii) provided that Dr. Rosenberg complies with the terms of the transition agreement, certain of his unvested stock options will automatically vest in full on the last day of his employment; and (iv) the balance of Dr. Rosenberg's unvested stock options will be governed by the Company's existing stock option plan and existing agreements between the Company and Dr. Rosenberg.

The above description of the transition agreement is a summary and is qualified in its entirety by the transition agreement itself, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.                               Description

   10.1       Transitional Services Agreement, dated February 26, 2014, between
              the Registrant and Noah L. Rosenberg, M.D.

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