SECOND SIGHT MEDICAL PRODUCTS, INC. (NASDAQ:EYES) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Dr. Robert J. Greenberg as Director, and Officer of the Company
On April 3, 2018, Dr. Robert Greenberg, our former Chairman of the Board, tendered his resignation as a director and from all other positions at the company effective immediately. Written correspondence from Dr. Greenberg to Bill Link, the chair of the Board’s Compensation Committee, concerning the circumstances surrounding his resignation is attached as Exhibit 17.1 to this Current Report on Form 8-K. The Board disagrees with the characterizations in Dr. Greenberg’s email but has accepted his resignation and has been conducting severance discussions with him that currently are in process.
In the view of the Board and of management, Dr. Greenberg’s resignation was an outgrowth of a disagreement over his reporting relationship with the Company and his proposed compensation.
No later than the day that the company files this Form 8-K with the SEC, we will provide Dr. Greenberg with a copy of the disclosures made in this Form 8-K and inform him that he has the opportunity to furnish us as promptly as possible with a letter stating whether he agrees with the statements made in this Form 8-K and, if not, stating the respects in which he does not agree. Any such letter received by us from Dr. Greenberg will be filed with the SEC.
Item 8.01 Other Events
On April 9, 2018, the Company issued a press release announcing Dr. Greenberg’s resignation.
A copy of our press release entitled “Second Sight Announces Dr. Robert Greenberg’s Resignation from Board of Directors and as an Officer of the Company” is attached as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SECOND SIGHT MEDICAL PRODUCTS INC ExhibitEX-17.1 2 s109607_ex17-1.htm EXHIBIT 17.1 Exhibit 17.1 “Subject: RE: Sorry we didn’t connect Tuesday before my flight Dear Bill: Over the past few months,…To view the full exhibit click here
About SECOND SIGHT MEDICAL PRODUCTS, INC. (NASDAQ:EYES)
Second Sight Medical Products, Inc. is engaged in developing, manufacturing and marketing prosthetic devices that restore vision to blind individuals. The Company’s product, the Argus II System, treats outer retinal degenerations, such as retinitis pigmentosa (RP). The Argus II System provides an artificial form of vision that differs from the vision of people with normal sight. It does not restore normal vision and it does not slow or reverse the progression of the disease. The Company’s Argus II System employs electrical stimulation to bypass degenerated photoreceptor cells and to stimulate remaining viable retinal cells thereby inducing visual perception in blind individuals. The Argus II System works by converting video images captured by a miniature camera housed in a patient’s glasses into a series of small electrical pulses that are transmitted wirelessly to an array of electrodes that are implanted on the surface of the retina. SECOND SIGHT MEDICAL PRODUCTS, INC. (NASDAQ:EYES) Recent Trading Information
SECOND SIGHT MEDICAL PRODUCTS, INC. (NASDAQ:EYES) closed its last trading session down -0.06 at 1.65 with shares trading hands.