Reference is made to those certain employment letter agreements, dated December 31, 2018 (the “Agreements”), entered into by HedgePath Pharmaceuticals, Inc. (the “Company”) with each of Nicholas J. Virca, the Company’s President and Chief Executive Officer (“Virca”), and Garrison J. Hasara, the Company’s Chief Financial Officer, Treasurer, Secretary and Chief Compliance Officer (“Hasara”). The Agreements provide that Virca and Hasara are employed on an “at will” basis and further provide that while the Agreements are not a contract of employment for any specific period of time, the Company anticipates employing Virca and Hasara pursuant to the Agreements until June 30, 2019. On June 14, 2019, the Company indicated to Virca and Hasara that the Company will be extending the anticipated period under which the Company expects to employ each of Virca and Hasara under the Agreements until December 31, 2019. Aside from this indication, there were no changes made to the Agreements.
For more information regarding the Agreements, see the Company’s Current Report on Form8-K filed with the Securities and Exchange Commission on December 31, 2018 (the “December Current Report”). Each of the Agreements are attached as exhibits to the December Current Report. All descriptions of the Agreements herein are qualified in their entirety to the text of the exhibits contained in the December Current Report, which are incorporated herein by reference.
Cautionary Note on Forward-Looking Statements
This Current Report and any related statements of representatives and partners of the Company contain, or may contain, among other things, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission. Actual may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control). The Company undertakes no obligation to publiclyupdate any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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