DIPEXIUM PHARMACEUTICALS, INC. (DPRX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b)

On November 14, 2016, Dipexium Pharmaceuticals, Inc. (the “Company”) and David Garrett, the Company’s Vice President, Finance and Corporate Development, mutually agreed to terminate Mr. Garrett’s employment agreement, effective as of November 30, 2016, so that he may pursue other opportunities. The decision of the Company to terminate Mr. Garrett’s employment agreement was not the result of a disagreement between Mr. Garrett and the Company on any matter relating to the Company’s financial condition or financial reporting. The Company and Mr. Garrett are finalizing the terms of his severance arrangement, which will be disclosed in a separate report on Form 8-K once agreed upon.