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    Sorrento Therapeutics Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits

    11/7/23 4:34:31 PM ET
    $SRNE
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care
    Get the next $SRNE alert in real time by email
    false 0000850261 0000850261 2023-11-03 2023-11-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    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): November 7, 2023 (November 3, 2023)

     

     

    SORRENTO THERAPEUTICS, INC.

    (Exact Name of Registrant as Specified in its Charter)

     

     

    Delaware   001-36150   33-0344842

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (IRS Employer

    Identification No.)

     

    4955 Directors Place

    San Diego, CA 92121

    (Address of Principal Executive Offices) (Zip Code)

     

    Registrant’s telephone number, including area code: (858) 203-4100

     

    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:

     

    ¨ 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))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol   Name of each exchange on which registered
    Common Stock, $0.0001 par value   SRNEQ   N/A

      

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ¨

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

     

     

     

     

     

     

    Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     

    On November 3, 2023, in connection with the reduction in headcount described below, Sorrento Therapeutics, Inc. (“Sorrento” or the “Company”) terminated the employment of Elizabeth Czerepak as its Executive Vice President and Chief Financial Officer effective immediately.

      

    Item 8.01. Other Events.

     

    On November 3, 2023, Sorrento completed a reduction in U.S. headcount from 123 to 90.

     

     Item 9.01. Financial Statements and Exhibits.

     

    (d) Exhibits.

     

    104 Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

     

     

     

     

    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.

     

     

      SORRENTO THERAPEUTICS, INC.
         
    Date: November 7, 2023 By:  /s/ Mohsin Y. Meghji
        Name: Mohsin Y. Meghji
        Title: Chief Restructuring Officer

     

     

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