Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 1, 2021, Adam Cutler, Chief Financial Officer, Treasurer and Secretary of Molecular Templates, Inc. (the "Company"), informed the Company of his intent to resign from his positions to pursue another opportunity. Mr. Cutler's last day of employment with the Company is expected to be on July 2, 2021. Mr. Cutler's resignation is not the result of any disagreement regarding the Company's financial reporting or accounting policies, procedures, estimates or judgments. The Company thanks Mr. Cutler for his service and wishes him well. In connection with Mr. Cutler's resignation, Sean McLennan, Senior Vice President, Finance and Controller, will serve as the Company's principal financial officer and principal accounting officer on an interim basis upon Mr. Cutler's departure. The Company has initiated a search for a new Chief Financial Officer.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses