Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 12, 2020, our Board of Directors approved 2020 corporate goals under
our annual performance-based bonus program. The 2020 corporate goals consist of
financial goals, including budgeting, cash runway and compliance goals (weighted
at 30%), project-based goals, including clinical development and progress with
respect to the potential pivotal ENVASARC clinical study, quality assurance, and
regulatory goals (weighted at 60%), and business development goals, consisting
of in-licensing or partnering goals (weighted at 10%). After the end of the
year, our Board of Directors will assess our achievement against the corporate
goals, as well as each executive officer's individual contributions towards
reaching the corporate goals, in determining awards to our executive officers
under our annual performance-based bonus program.
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