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) March 3, 2005
AXONYX INC.
(Exact name of Registrant as Specified in its Charter)
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Nevada |
000-25571 |
86-0883978 |
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(State or Other Jurisdiction of Incorporation) |
(Commission file Number) |
(IRS Employer |
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500 Seventh Avenue, 10th Floor, New York, New York 10018 |
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(Address of Principal Executive Offices) (Zip Code) |
Registrant’s telephone number, including area code (212) 645-7704
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-2 under the Exchange Act (17 CFR 240.14a-2)
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))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On March 3, 2005, the registrant announced that, effective immediately, Marvin S. Hausman, MD, has stepped down as Chief Executive Officer and that Gosse B. Bruinsma, MD, has been unanimously appointed by the Board of Directors to this position. Dr. Hausman will continue to serve as Chairman of the Board.
Dr. Bruinsma, 50, has served as President of Axonyx Europe BV since its formation in October 2000. Dr. Bruinsma has served as the Chief Operating Officer of Axonyx Inc. since February 2001, has been a Director since June 2002 and has served as President since September 2003. Dr. Bruinsma has over 15 years experience in the medical, pharmaceutical and biotechnology fields. Dr. Bruinsma received his undergraduate degree from McGill University, Montreal and received his medical degree from the University of Leiden, the Netherlands. He joined the pharmaceutical industry to become European Medical Director for Zambon, Milan. He subsequently joined the international contract research organization, ClinTrials Research, to become their Vice President for Medical and Regulatory Affairs. In September 1995 Dr. Bruinsma joined Forest Laboratories in New York as Medical Director, with medical responsibility for their anti-hypertensive product launch, HRT program, Cervidil®, and their urological disease projects. From September 1997 to 1999 Dr. Bruinsma was General Manager and Vice-President Development for Chrysalis Clinical Services Europe based in Switzerland. From November 1999 until he joined Axonyx Europe BV, Dr Bruinsma was the Vice President Development for Crucell BV (formerly IntroGene), a biotechnology company based in the Netherlands.
Dr. Bruinsma’s current employment agreement with Axonyx Inc., which extends through September 2006, calls for an annual salary of Euro 330,000. In addition, Euro 25,000 per year is available to Dr. Bruinsma for reimbursement of expenses, including for the use of a home office and personal equipment, health insurance, disability insurance, life insurance, pension distribution and auto lease premium.
A press release announcing the appointment of Dr. Bruinsma as Chief Executive Officer is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
Exhibits
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99.1 |
Press release of Axonyx Inc., dated March 3, 2005. |
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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 on this 9th day of March, 2005.
AXONYX INC.
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By: |
/s/ S. Colin Neill |
Name: S. Colin Neill
Title: Chief Financial Officer
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