Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b)
On May 3, 2021, ARCA biopharma, Inc. ("ARCA") announced that Brian Selby, ARCA's
Vice President, Finance and Chief Accounting Officer, has notified ARCA of his
intent to leave his position at ARCA to pursue other opportunities after having
served ARCA for 14 years in roles of increasing responsibility. Mr. Selby's
resignation was not the result of any disagreement with ARCA on any matter
relating to its operations, policies or practices, or regarding the general
direction of the company.
(c)
Effective as of May 10, 2021, C. Jeff Dekker, will be ARCA's Chief Financial
Officer and, as such, he will be ARCA's principal financial officer and
principal accounting officer. Prior to joining ARCA, Mr. Dekker served in
multiple roles of increasing responsibility at GlobeImmune, Inc. from 2006 to
2021, including President, Vice President of Finance, and Senior Director,
Finance and Controller. Before joining GlobeImmune, Mr. Dekker held leadership
positions in finance and accounting at private software companies since 1993,
including posts ranging from Corporate Controller to Vice President at Webroot
Software Inc., Requisite Technology Inc. and NxTrend Technology Inc. Earlier in
his career, Mr. Dekker worked at ITT Rayonier Port Angeles Pulp Division and at
KPMG in Los Angeles. He earned a B.S. in accounting from Utah State University
and is a certified public accountant.
As of the filing of this Current Report on Form 8-K, ARCA has not determined the
final terms of the compensation arrangements with Mr. Dekker.
A copy of the press release announcing the hiring of Mr. Dekker is attached
hereto as Exhibit 99.1, the contents of which are incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
99.1 Press Release titled "ARCA biopharma Announces C. Jeff
Dekker to be Appointed Chief Financial Officer" dated May
3, 2021 .
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