Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On September 23, 2021, Mr. Paulo Costa, a member of the board of directors (the
"Board") of MacroGenics, Inc. (the "Company"), notified the Board that he will
not stand for reelection as a director of the Company upon expiration of his
current term. Mr. Costa's term expires at the Company's 2022 annual meeting of
stockholders (the "2022 Annual Meeting"). Mr. Costa is currently Chair of the
Board and Chair of the Nominating and Governance Committee, and will serve in
his current positions until the conclusion of the 2022 Annual Meeting.
Mr. Costa's decision to let his term expire and not to stand for reelection at
the 2022 Annual Meeting is for personal reasons and not based on any
disagreement with the Company or its management. He has served on the Company's
Board of Directors since June 2009.
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