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): May 1, 2006
CORTECH, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-20726 84-0894091
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
376 Main Street
P.O. Box 74
Bedminster, New Jersey 07921
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 234-1881
Not Applicable
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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:
[ ] 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 Principal Officers; Election of Directors;
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Appointment of Principal Officers
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Cortech, Inc., ("the Company") today announced the resignation of Sue Ann
Merrill, Chief Financial Officer of the Company, effective May 15, 2006. Mrs.
Merrill's decision to resign was based on personal reasons and she did not have
any disputes or disagreements with the Company or its management.
The Company also announced that Mr. Bryan P. Healey will replace Mrs.
Merrill as Chief Financial Officer and Principal Accounting Officer, after an
initial two-week transition period.
Mr. Healey, 35, is a Certified Public Accountant, holding B.S. and M.S.
degrees. From September 1995 until April 30, 2006, Mr. Healey was with Bowman &
Company, LLP, a regional accounting firm headquartered in Voorhees, New Jersey.
Mr. Healey held various positions, culminating in Audit Manager since July 2001.
Mr. Healey is the son-in-law of Paul O. Koether, Chairman of the Board and Chief
Executive Officer of the Company.
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.
Cortech, Inc.
May 1, 2006 By:/s/ Paul O. Koether
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Name: Paul O. Koether
Title: Chairman