UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2009
TELIK, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
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| 000-31265 | | 93-0987903 |
| (Commission File No.) | | (IRS Employer Identification No.) |
3165 Porter Drive
Palo Alto, California 94304
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (650) 845-7700
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Telik, Inc. (the “Company”) and Dr. Stefan Ryser, the Company’s Senior Vice President, Corporate Strategy, have entered into an agreement dated as of June 12, 2009 pursuant to which Dr. Ryser will resign from employment effective August 1, 2009. Dr. Ryser has agreed to provide consulting services to the Company for up to eight-months following the termination of his employment and would be entitled to receive approximately $27,000 per month for the agreement. The agreement also provides for reimbursement by the Company for continuing medical benefits during the consulting period, as well as $40,000 in relocation assistance.
2.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | | TELIK, INC. |
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| Dated: June 17, 2009 | | | | | | |
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| | | | By: | | /s/ Cynthia M. Butitta |
| | | | | | Cynthia M. Butitta |
| | | | | | Chief Operating Officer and Chief Financial Officer |
3.
