Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On April 19, 2023, Athenex, Inc. (the "Company") appointed Nick Campbell as
Chief Restructuring Officer. In this role, Mr. Campbell will support the
Company's ongoing review of strategic alternatives to best position the Company
to serve and create value for its stakeholders, building on recent actions to
advance its focus on its NKT cell therapy platform and to monetize non-core
assets.
Mr. Campbell has served as a founder and Managing Partner of Meru, LLC ("MERU")
since it was formed in January 2017 and specializes in assisting companies
across a variety of industries in identifying and addressing operational,
organizational and financial matters. MERU is also serving as a financial
advisor to the Company. The services of Mr. Campbell and other MERU personnel
are being provided pursuant to engagement letters between the Company and MERU.
Mr. Campbell will not receive any compensation directly from the Company.
There are no family relationships between Mr. Campbell and any director or
executive officer of the Company. Other than Mr. Campbell's ownership interest
in MERU, with which the Company has entered into engagement letters,
Mr. Campbell has not been party to any transaction with the Company, nor is any
such transaction currently proposed, that would be reportable under Item 404(a)
of Regulation S-K.
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