GTx, INC. - FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 7, 2005 (November 1, 2005)
GTx, Inc.
(Exact name of Registrant as specified in its charter)
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| Delaware
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000-50549
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62-1715807 |
| (State or other jurisdiction of
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(Commission
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(I.R.S. Employer |
| incorporation or organization)
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File Number)
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Identification No.) |
3 N. Dunlap Street
Van Vleet Building
Memphis, Tennessee 38163
(Address, including zip code, of Registrant’s principal
executive offices)
(Registrant’s telephone number, including area code): (901) 523-9700
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement.
On November 2, 2005, the Compensation Committee of the Board of Directors (the “Board”) of
GTx, Inc. (the “Company”) approved an increase in the base salary levels of the Company’s executive
officers. The new base salary levels will be effective as of January 1, 2006. The new base salary
information for the executive officers is set forth on Exhibit 10.1 to this Current Report on Form
8-K and is incorporated herein by reference.
On November 1, 2005, the Company’s Nominating and Corporate Governance Committee approved an
increase to the annual fee payable to the Chairman of the Audit Committee from $25,000 to $30,000,
which approval was ratified by the Board.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.1 Compensation Information for Executive Officers
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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GTx, Inc.
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| Date: November 7, 2005 |
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/s/ Henry P. Doggrell
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Name: |
Henry P. Doggrell |
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Title: |
Vice President, General Counsel/Secretary |
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Exhibit Index
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| Exhibit No. |
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Description |
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10.1 |
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Compensation Information for Executive Officers |
Exhibit 10.1
COMPENSATION INFORMATION FOR EXECUTIVE OFFICERS
The table below provides information regarding the base salary of each
executive officer of GTx, Inc. effective as of January 1, 2006:
Base
Executive Officer Title Compensation
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Mitchell S. Steiner, M.D., F.A.C.S. Chief Executive Officer and Vice-Chairman of the Board of
Directors $425,000
Marc S. Hanover President and Chief Operating Officer $292,000
Henry P. Doggrell Vice President, General Counsel and Secretary $253,000
Mark E. Mosteller Vice President and Chief Financial Officer $235,000
Jim Dalton Vice President, Preclinical Research & Development $240,000
K. Gary Barnette Vice President, Clinical Research & Development Strategy $230,000
Gregory A. Deener Vice President, Sales & Marketing $225,000
