UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 4, 2021, Editas Medicine, Inc. (the “Company”) appointed James C. Mullen as President and Chief Executive Officer of the Company effective as of February 15, 2021, succeeding Cynthia Collins as President and Chief Executive Officer of the Company. Ms. Collins also resigned as a member of the Company Board of Directors effective February 4, 2021.
Mr. Mullen, age 62, has been Chairman of the Board of Directors of the Company, since March 2018. He previously served as Chief Executive Officer and a director of Patheon N.V., a pharmaceutical contract development and manufacturing organization, from March 2011 until its acquisition by Thermo Fisher Scientific, Inc. ("Thermo Fisher"), a public biotechnology product development company, in August 2017. Prior to joining Patheon, from June 2000 to June 2010, Mr. Mullen served as the president and Chief Executive Officer of Biogen Inc. ("Biogen"), one of the world's largest biotechnology companies. Mr. Mullen held various operating positions at Biogen prior to becoming Chief Executive Officer, including Chief Operating Officer, Vice President, International, and Vice President, Operations. Mr. Mullen has served on the board of directors of Thermo Fisher since November 2018. Mr. Mullen previously served on the board of directors of Insulet Corporation, a public medical device company, from September 2017 until January 2019 and PerkinElmer, Inc., a public technology and service provider for diagnostics, research, environmental and industrial and laboratory services markets, from 2003 to April 2015. He also previously served as Chairman of the Biotechnology Innovation Organization. Mr. Mullen received a B.S. in Chemical Engineering from Rensselaer Polytechnic Institute and an M.B.A. from Villanova University.
In connection with her departure, Ms. Collins entered into a separation agreement with the Company that provides that Ms. Collins will receive an amount equivalent to 12 months of her current base salary, payable in installments in accordance with the Company’s regular payroll practices, her 2020 bonus and benefits continuation for up to 12 months.
As of the date of this report, the Company and Mr. Mullen have not entered into an agreement with respect to Mr. Mullen’s compensation and other terms of employment. When such agreement is entered into, the material terms of such arrangement will be disclosed in a subsequent filing.
On February 8, 2021, the Company issued a press release announcing Ms. Collins’ departure and the appointment of Mr. Mullen as President and Chief Executive Officer. A copy of the press release is attached as Exhibit 99.1 to this report.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press release issued by the Company on February 8, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EDITAS MEDICINE, INC. | ||
| Date: February 8, 2021 | By: | /s/ Michelle Robertson |
| Michelle Robertson | ||
| Chief Financial Officer | ||