0001178913-19-000858.txt : 20190318 0001178913-19-000858.hdr.sgml : 20190318 20190318170016 ACCESSION NUMBER: 0001178913-19-000858 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190318 FILED AS OF DATE: 20190318 DATE AS OF CHANGE: 20190318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Check-Cap Ltd CENTRAL INDEX KEY: 0001610590 STANDARD INDUSTRIAL CLASSIFICATION: X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS [3844] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36848 FILM NUMBER: 19688977 BUSINESS ADDRESS: STREET 1: ABBA HUSHI AVENUE STREET 2: P.O. BOX 1271 CITY: ISFIYA STATE: L3 ZIP: 3009000 BUSINESS PHONE: 972-4-8303400 MAIL ADDRESS: STREET 1: ABBA HUSHI AVENUE STREET 2: P.O. BOX 1271 CITY: ISFIYA STATE: L3 ZIP: 3009000 6-K 1 zk1922825.htm 6-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
 Form 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
For March 2019

Commission File No. 001-36848
 
 
Check-Cap Ltd.

 
Check-Cap Building
Abba Hushi Avenue
P.O. Box 1271
Isfiya, 30090
Mount Carmel, Israel
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES.)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F  Form 40-F 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
 
This Form 6-K is being incorporated by reference into the Post-Effective Amendment No. 1 to the Form S-8 Registration Statement File No. 333-203384, Form S-8 Registration Statement File No. 333-226490, and into the Form F-3 Registration Statements File Nos. 333-211065 and 333-225789.
 

Other Information
 
On March 18, 2019, Check-Cap Ltd. (the “Company”) announced the appointment of Mira Rosenzweig as Chief Financial Officer, effective as of April 28, 2019.

Ms. Rosenzweig brings more than 20 years of executive financial management experience, most recently serving as Chief Financial Officer of Entera Bio Ltd. (Nasdaq: ENTX) since May 2014.  Prior to Entera Bio, from May 2013 to April 2014, Ms. Rosenzweig served as Chief Financial Officer of privately-held Paskal Technologies and, before that, from September 2008 to November 2011, as Vice President and Chief Financial Officer of Camtek Ltd. (Nasdaq: CAMT). Prior to that, Ms. Rosenzweig served in various finance roles including at Elron Electronic Industries Ltd. (TASE: ELRN). Ms. Rosenzweig began her career as a senior accountant at Luboshitz Kasierer, which is now part of Ernst & Young. Ms. Rosenzweig holds a Bachelor of Arts in Accounting and Economics from the University of Haifa, Israel, and is a Certified Public Accountant (Israel).

In connection with the appointment of Ms. Rosenzweig, the Company entered into an employment agreement dated as of April 28, 2019, with Ms. Rosenzweig (the “Employment Agreement”). The Employment Agreement may be terminated by either the Company or Ms. Rosenzweig upon 90 days’ prior notice to the other party.  Pursuant to Ms. Rosenzweig’s Employment Agreement, the Company also has the right to immediately terminate Ms. Rosenzweig’s employment for “cause” as described in Ms. Rosenzweig’s Employment Agreement.  Pursuant to the Employment Agreement, Ms. Rosenzweig is entitled to an annual salary of approximately $182,825. In addition, Ms. Rosenzweig may be entitled to an annual bonus of up to 25% of her annual salary, based on the Company’s evaluation of Ms. Rosenzweig’s performance and subject to receipt of customary approvals.  The Employment Agreement also contains confidentiality, intellectual property, non-competition and non-solicitation provisions.

On March 18, 2019, the Company issued a press release announcing the appointment of Ms. Rosenzweig. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
 
Exhibit No.         Description          
 
99.1                      Press Release dated March 18, 2019.
 

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, thereunto duly authorized.
 
 
Check-Cap Ltd.
 
 
 
 
 
 
By:
/s/ Alex Ovadia
 
 
 
Name: Alex Ovadia
 
 Date: March 18, 2019
 
Title: Chief Executive Officer
 
 


EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1

 
Exhibit 99.1


 
Check-Cap Announces Appointment of Mira Rosenzweig as Chief Financial Officer
 
ISFIYA, Israel, March 18, 2019 -- Check-Cap Ltd. (the "Company" or "Check-Cap") (Nasdaq: CHEK) (Nasdaq: CHEKW), (Nasdaq: CHEKZ), a clinical stage medical diagnostics company advancing the development of C-Scan®, the first and only preparation-free capsule based screening method for the prevention of colorectal cancer through the detection of precancerous polyps, today announced the appointment of Ms. Mira Rosenzweig as chief financial officer effective as of April 28, 2019. Ms. Rosenzweig brings nearly 20 years of executive financial management experience, most recently serving as chief financial officer of Nasdaq-listed Entera Bio Ltd. (Nasdaq: ENTX) since May 2014.
 
Alex Ovadia, chief executive officer of Check-Cap, stated, “We are pleased to welcome Mira to Check-Cap. This is an exciting time for our team as we advance C-Scan® toward U.S clinical trials and prepare for commercialization in the E.U. and Israel. We believe Mira’s substantial experience in financial management within life sciences and commercial stage companies will prove invaluable as we continue to efficiently execute our business plan.”
 
“Check-Cap’s C-Scan® has the potential to fundamentally redefine colon cancer screening through precancerous polyp detection,” commented Ms. Rosenzweig. “I am excited to join the company at this pivotal stage, and I look forward to working with Alex and the team to contribute to the successful launching of this novel technology.”
 
Prior to Entera Bio, Ms. Rosenzweig served in various finance roles including vice president and chief financial officer of Camtek Ltd. (Nasdaq: CAMT) and director of finance at Elron Electronic Industries Ltd. (TASE: ELRN). Ms. Rosenzweig began her career as a senior accountant at Luboshitz Kasierer, which is now part of Ernst & Young. Ms. Rosenzweig holds a Bachelor of Arts in Accounting and Economics from the University of Haifa, Israel, and is a certified public accountant (Israel).
 
About Check-Cap
 
Check-Cap is advancing the development of C-Scan®, the first and only preparation-free ingestible scanning capsule for the prevention of colorectal cancer (CRC) through the detection of precancerous polyps. The patient-friendly test has the potential to increase screening adherence and reduce the overall incidence of CRC. The C-Scan® system utilizes an ultra-low dose X-ray capsule, an integrated positioning, control, and recording system, as well as proprietary software to generate a 3D map of the inner lining of the colon. C-Scan® is non-invasive and requires no preparation or sedation, allowing the patient to continue their daily routine with no interruption as the capsule is propelled through the gastrointestinal tract by natural motility.
 

Legal Notice Regarding Forward-Looking Statements
 
This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, often signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a discussion of these and other risks that could cause such differences and that may affect the realization of forward-looking statements, please refer to the "Special Note On Forward-looking Statements" and "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2017 and other filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
 
Investor Contacts
 
Jeremy Feffer
LifeSci Advisors, LLC
212.915.2568
jeremy@lifesciadvisors.com
 
Meirav Gomeh-Bauer (Israel)
LifeSci Advisors, LLC
+972(0)-54-476-4979
Meirav@lifesciadvisors.com
 
Media Contacts
 
Alison Chen
LifeSci Public Relations
+1-646-876-4932
achen@lifescipublicrelations.com

Meirav Gomeh-Bauer (Israel)
LifeSci Advisors, LLC
+972(0)-54-476-4979 
Meirav@lifesciadvisors.com


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