Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On June 1, 2021, the Board of Directors (the 'Board') of Exicure, Inc. (the 'Company') appointed Elias D. Papadimas as the Company's Chief Accounting Officer, and designated Mr. Papadimas as the principal accounting officer of the Company. As previously reported, the Company announced the appointment of Brian C. Bock as the Company's Chief Financial Officer, effective May 13, 2021. Mr. Bock remains the principal financial officer of the Company, and David A. Giljohann, Ph.D. remains the principal executive officer of the Company.

Mr. Papadimas joined the Company in April 2015 and most recently held the position of Vice President, Controller. Prior to joining the Company, Mr. Papadimas served as senior manager, technical accounting and external reporting at Beam Suntory from July 2011 to August 2014. Prior to that, Mr. Papadimas held various positions in financial reporting, technical accounting and accounting operations with Aon Hewitt from September 2004 to July 2011, Nicor Gas from February 2003 to September 2004, and Heller Financial, Inc. from June 1997 to July 2002. Mr. Papadimas received his B.S. in accountancy from the University of Illinois at Urbana-Champaign and is a certified public accountant (CPA) in Illinois.

In connection with Mr. Papadimas' appointment, the Compensation Committee of the Board approved an increase to Mr. Papadimas' annual base salary from $285,000 to $300,000, effective June 1, 2021. The Compensation Committee also increased Mr. Papadimas' target bonus percentage from 25% to 30% of his annual base salary. The payment of awards under the Company's annual cash incentive bonus program is subject to the attainment of certain Company performance goals set by the Compensation Committee of the Board. Mr. Papadimas will continue to be eligible to participate in the Company's employee benefit, welfare and other plans, as may be maintained by the Company from time to time, on a basis no less favorable than those provided to other similarly-situated executives of the Company.

There are no arrangements or understandings between Mr. Papadimas and any other person pursuant to which he is being appointed as Chief Accounting Officer or the principal accounting officer of the Company. Mr. Papadimas has no family relationship with any of the executive officers or directors of the Company.



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Exicure Inc. published this content on 03 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2021 21:20:10 UTC.