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Biotech / Medical : Ciphergen Biosystems(CIPH):

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To: nigel bates who wrote (434)3/23/2006 10:17:40 AM
From: tuck  Read Replies (1) of 510
 
And Matt Hogan is gone (though still a consultant with a non-compete clause), perhaps because of the restatement problem:

>>23-Mar-2006

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(b) On March 22, 2006, Ciphergen Biosystems, Inc. (the "Company") announced the resignation of Matthew J. Hogan as the Company's Senior Vice President and Chief Financial Officer. Concurrent with Mr. Hogan's resignation, the Company entered into a consulting agreement (the "Consulting Agreement") with Mr. Hogan whereby Mr. Hogan will continue to provide consulting services to the Company three days per week for up to six months following his resignation, agree not to compete with the Company or solicit the services of the Company's employees, and execute a general release of claims in favor of the Company. In consideration, Mr. Hogan will continue to receive compensation at his current base rate of pay during the term of the consulting period.

(c) On March 22, 2005, the Company announced the appointment of Daniel M. Caserza, age 53, as the Company's interim Chief Financial Officer, to serve while the Company seeks a permanent replacement for Mr. Hogan. Mr. Caserza has served as the Company's Corporate Controller since May 1999 and was promoted in April 2005 to Vice President. Prior to joining the Company, Mr. Caserza was Corporate Controller at Intellisys Group from March 1998 to April 1999, Swan Magnetics from June 1997 to March 1998, and Edify Corporation from June 1995 to June 1997. Mr. Caserza also previously worked in public accounting with Deloitte Haskins & Sells. He received a B.S. in mathematics from Santa Clara University and an M.B.A. from the Santa Clara University Graduate School of Business.<<

I presume they meant "(c) On March 22, 2006, the company announced the appointment . . ."

Cheers, Tuck
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