UNITED STATES
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CURRENT REPORT
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Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
As previously announced, Precigen, Inc. (the “Company”) is currently conducting an executive search process to identify a new Chief Financial Officer with the qualifications to contribute to the Company’s growth from a clinical stage company to a commercial organization. On May 24, 2021, the Company accepted D. Bradford Osborne’s resignation from his position of Vice President, Finance and Accounting and interim principal accounting officer to pursue a new opportunity. Mr. Osborne and the Company have agreed that the resignation will be effective June 10, 2021.
Effective June 10, 2021, the Company will appoint James V. Lambert (age 56), currently the Executive Director, Finance for PGEN Therapeutics, Inc., a wholly owned subsidiary of the Company (“PGEN Therapeutics”), to serve as principal accounting officer for an interim period while the Company continues its search for a new Chief Financial Officer. Mr. Lambert joined PGEN Therapeutics in June 2017 in connection with the acquisition of GenVec, Inc. and has since served in the role of Executive Director, Finance. From 2014 to 2017 Mr. Lambert served in the positions of GenVec’s Senior Director and then Vice President, Accounting and Finance, Corporate Controller and Treasurer. During this period Mr. Lambert also served as GenVec’s principal financial officer and principal accounting officer. There are no arrangements or understandings between Mr. Lambert and any other persons pursuant to which he was selected as an officer of the Company, and Mr. Lambert is not related to any other executive officer or director of the Company. Mr. Lambert has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There will not be any changes to Mr. Lambert’s compensation arrangements in connection with his interim appointment.
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.
Precigen, Inc. | ||||
By: | /s/ Donald P. Lehr | |||
Donald P. Lehr | ||||
Chief Legal Officer |
Dated: May 27, 2021