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Biotech / Medical : Cell Therapeutics (CTIC)

CTIC 9.090

0.0%

Jun 26 5:00 PM EST

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From: Icebrg	4/12/2006 5:21:22 AM
	of 946

Item 1.01. Entry into a Material Definitive Agreement. [For supporting Dr Bianco during the CEO showdown is my guess]. On February 27, 2006, Cell Therapeutics, Inc. (the "Corporation") filed a Current Report on Form 8-K (the "Current Report") stating, in part, that certain of its non-employee directors had received an additional retainer for exceptional contributions made in 2004 and 2005. This Amendment No. 1 restates the final sentence of the fourth paragraph of the Current Report as follows: "Further, each of Drs. Nudelman, Mundinger and Gregorian received an additional retainer equal to 50% of the annual retainer in place during 2005, which additional retainer is equal to $20,000 in the case of Dr. Nudelman and $9,000 in the cases of Drs. Mundinger and Gregorian."

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