Current Report Filing (8-k)
May 16 2019 - 05:11PM
Edgar (US Regulatory)
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):
May 13, 2019
ORAMED PHARMACEUTICALS INC.
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(Exact name of registrant as specified in its charter)
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DELAWARE
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001-35813
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98-0376008
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(State or Other Jurisdiction
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(Commission
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(IRS Employer
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of Incorporation)
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File Number)
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Identification No.)
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142
W. 57
th
Street, New York, New York
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10018
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(Address of Principal Executive Offices)
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(Zip Code)
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844-967-2633
(Registrant’s telephone number, including
area code)
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)P
☐ 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))
Securities registered pursuant to
Section 12(b) of the Act:
Title of each class
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Trading symbol
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Name of each exchange on which registered
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Common Stock, par value $0.012
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ORMP
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The Nasdaq Capital Market, Tel Aviv Stock Exchange
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 13, 2019, Oramed Pharmaceuticals Inc.
(the “Company”) appointed Avi Gabay, 34, to serve as Chief Financial Officer, Treasurer and Secretary, effective June
1, 2019.
Prior to his appointment, from March 2015
until May 2019, Mr. Gabay served as a corporate controller at Orcam Technologies Ltd., a company which develops, manufactures
and sells a wearable assistive technology device for people who are blind, visually impaired, or have reading or other
disabilitie
s.
From 2014 to 2015, Mr. Gabay provided economic
services in the advisory department of KPMG Israel, a certified public accounting firm. From 2013 until 2014, Mr. Gabay
worked in the tax department of the law firm, Gornitzky & Co. Mr. Gabay holds a bachelor's degree in law and accounting
from Tel-Aviv University and is a certified public accountant in Israel and a member of the Israeli Bar Association.
Mr. Gabay will be employed by the Company pursuant
to an employment agreement with the Company’s wholly-owned Israeli subsidiary, Oramed Ltd. Mr. Gabay's gross monthly salary
will be NIS 35,000, and he will be provided with a company car. Mr. Gabay will be eligible for bonuses and equity grants in amounts
to be determined at the discretion of the Company’s Board of Directors and the Compensation Committee of the Company’s
Board of Directors, as applicable. In connection with Mr. Gabay’s appointment, the Company expects to enter into its standard
indemnification agreement with Mr. Gabay, on substantially the same terms as the indemnification agreements previously entered
into between the Company and each of its directors and executive officers. Mr. Gabay is not a party to any transactions that
are disclosable under Item 404 of Regulation S-K.
1
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.
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ORAMED PHARMACEUTICALS INC.
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By:
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/s/ Nadav Kidron
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Name:
Title:
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Nadav Kidron
President and CEO
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May
16, 2019
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