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):
June 18,
2010
Aradigm
Corporation
(Exact
name of registrant as specified in its charter)
California |
0-28402 |
94-3133088 |
||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
3929 Point Eden Way, Hayward, |
94545 |
|
(Address of principal executive offices) |
(Zip Code) |
Registrant’s
telephone number, including area code:
(510)
265-9000
Not Applicable
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:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The employment of D. Jeffery Grimes, Vice President, Legal Affairs, General Counsel and Corporate Secretary of Aradigm Corporation (the “Company”), terminated effective June 18, 2010. The Company is eliminating Mr. Grimes’s position in a cost cutting measure.
In connection with his departure from the Company, Mr. Grimes will
receive severance payments pursuant to the Company’s Executive Officer
Severance Benefit Plan (the “Plan”) established effective October 7,
2005 and amended and restated effective December 31, 2008, a copy of
which was attached as an exhibit to an 8-K filed with the Securities and
Exchange Commission on January 8, 2009. Severance payments under the
plan will be paid out over one year and will include up to one year of
COBRA premiums.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Aradigm Corporation |
||
June 23, 2010 |
By: |
/s/ Nancy E. Pecota |
Name: Nancy E. Pecota |
||
Title: Vice President, Finance and Chief |