Anika Therapeutics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition
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| Item 2.02 | Results of Operations and Financial Condition. |
On February 26, 2026, Anika Therapeutics, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2025. The full text of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information contained in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 26, 2026, the Company and Mr. Colleran entered into a Transitional Services and General Release of Claims Agreement (the “Transition Agreement”). Pursuant to the Transition Agreement, Mr. Colleran will continue to be employed by the Company as its Executive Vice President, General Counsel and Corporate Secretary through May 1, 2026 (the “Anticipated Separation Date”), unless Mr. Colleran resigns or is terminated for Cause (as defined in the Transition Agreement) prior to that date. Until the Anticipated Separation Date, Mr. Colleran will continue to provide his existing services to the Company and such other services as the Chief Executive Officer or the Chief Executive Officer’s designee requests, and will receive his current salary and benefits as a regular employee, except Mr. Colleran will not accrue vacation during such period. The Transition Agreement also provides that, provided Mr. Colleran fully complies with the Transition Agreement, is not terminated for Cause or breach and does not resign, and signs and returns the certificate attached to the Transition Agreement within the 7 days following the Anticipated Separation Date, the Company shall pay Mr. Colleran the consideration provided in Sections 4(b) or 5(a) of his Executive Retention Agreement, dated as of December 12, 2024 (the “ERA”), as applicable in accordance with the payment terms described in the ERA. Mr. Colleran continues to be bound by the terms and conditions of the Confidentiality and Proprietary Rights Agreement. Mr. Colleran’s equity awards granted under the Company’s Omnibus Incentive Plan shall continue to vest during the Transition Period, subject to the applicable equity agreements and the Company’s equity plan. Additionally, in consideration of the separation pay and benefits provided under the ERA, Mr. Colleran has provided the Company, its affiliates and related parties with a general release of claims.
The foregoing description of the Transition Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 10.1 | Transitional Services and General Release of Claims Agreement dated as of February 26, 2026, between Anika Therapeutics, Inc. and David Colleran | |
| 10.2 | Executive Retention Agreement, dated December 12, 2024, by and between Anika Therapeutics, Inc. and David Colleran (incorporated by reference to Exhibit 10.13 to the Registrant’s Annual Report on Form 10-K (File No. 001-14027) filed on March 17, 2025) | |
| 99.1 | Press release dated February 26, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
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.
| Anika Therapeutics, Inc. | ||||||
| Date: February 26, 2026 | By: | /s/ Stephen Griffin | ||||
| Stephen Griffin | ||||||
| President and Chief Executive Officer | ||||||