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[8-K] Cocrystal Pharma, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Federal Agricultural Mortgage Corporation (Farmer Mac) filed a Form 8-K disclosing a leadership change in its finance organization. On 8 July 2025, Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh notified the company she will resign effective 31 July 2025 to pursue another opportunity. The company states the departure is not related to any disagreement over accounting, reporting, internal controls or operations.

The Board has engaged an executive search firm to conduct a nationwide search for a permanent successor. In the interim, beginning 1 August 2025, Gregory N. Ramsey—currently Vice President & Chief Accounting Officer—will assume the role of principal financial officer. Ramsey, 61, has served as Farmer Mac’s principal accounting officer since 2013 and previously filled the interim CFO role from July 2019 to January 2020. No new compensatory arrangements were announced, and the filing reports no related-party transactions.

While a senior-level departure can introduce short-term uncertainty, the appointment of an experienced internal executive and the absence of accounting disputes help contain governance risk. There is no immediate financial impact disclosed, and all other terms of the company’s securities remain unchanged.

Federal Agricultural Mortgage Corporation (Farmer Mac) ha presentato un modulo 8-K annunciando un cambiamento nella leadership della sua organizzazione finanziaria. L'8 luglio 2025, la Vicepresidente Esecutiva e Chief Financial Officer (CFO) Aparna Ramesh ha comunicato all'azienda la sua intenzione di dimettersi con effetto dal 31 luglio 2025 per intraprendere un'altra opportunità. La società specifica che la partenza non è legata a disaccordi riguardanti contabilità, rendicontazione, controlli interni o operazioni.

Il Consiglio ha incaricato una società di ricerca esecutiva per condurre una ricerca a livello nazionale per un successore permanente. Nel frattempo, a partire dal 1° agosto 2025, Gregory N. Ramsey — attualmente Vicepresidente e Chief Accounting Officer — assumerà il ruolo di principale responsabile finanziario. Ramsey, 61 anni, ricopre il ruolo di responsabile contabile principale di Farmer Mac dal 2013 e ha già svolto il ruolo di CFO ad interim da luglio 2019 a gennaio 2020. Non sono stati annunciati nuovi accordi compensativi e la documentazione non riporta transazioni con parti correlate.

Nonostante la partenza di un dirigente di alto livello possa generare incertezza a breve termine, la nomina di un dirigente interno esperto e l'assenza di controversie contabili contribuiscono a contenere il rischio di governance. Non è stato segnalato alcun impatto finanziario immediato e tutte le altre condizioni relative ai titoli della società rimangono invariate.

Federal Agricultural Mortgage Corporation (Farmer Mac) presentó un formulario 8-K informando un cambio en el liderazgo de su organización financiera. El 8 de julio de 2025, la Vicepresidenta Ejecutiva y Directora Financiera (CFO) Aparna Ramesh notificó a la empresa que renunciará con efecto al 31 de julio de 2025 para seguir otra oportunidad. La compañía declara que la salida no está relacionada con desacuerdos sobre contabilidad, informes, controles internos u operaciones.

El Consejo ha contratado a una firma de búsqueda ejecutiva para realizar una búsqueda nacional de un sucesor permanente. Mientras tanto, a partir del 1 de agosto de 2025, Gregory N. Ramsey — actualmente Vicepresidente y Director de Contabilidad — asumirá el rol de principal oficial financiero. Ramsey, de 61 años, ha sido el principal oficial de contabilidad de Farmer Mac desde 2013 y anteriormente desempeñó el cargo de CFO interino de julio de 2019 a enero de 2020. No se anunciaron nuevos acuerdos compensatorios y el informe no registra transacciones con partes relacionadas.

Aunque la salida de un alto ejecutivo puede generar incertidumbre a corto plazo, el nombramiento de un ejecutivo interno experimentado y la ausencia de disputas contables ayudan a contener el riesgo de gobernanza. No se ha revelado ningún impacto financiero inmediato y todos los demás términos de los valores de la compañía permanecen sin cambios.

Federal Agricultural Mortgage Corporation(Farmer Mac)는 재무 조직의 리더십 변경을 공시하는 Form 8-K를 제출했습니다. 2025년 7월 8일, 부사장 겸 최고재무책임자(CFO) Aparna Ramesh가 2025년 7월 31일부로 사임하여 다른 기회를 추구할 것임을 회사에 통보했습니다. 회사 측은 이번 퇴임이 회계, 보고, 내부 통제 또는 운영과 관련된 어떠한 의견 불일치와도 무관함을 명시했습니다.

이사회는 상근 후임자를 찾기 위해 전국 단위의 임원 검색 회사를 고용했습니다. 그동안 2025년 8월 1일부터는 Gregory N. Ramsey—현재 부사장 겸 최고회계책임자가—주요 재무 책임자 역할을 맡게 됩니다. 61세인 Ramsey는 2013년부터 Farmer Mac의 최고회계책임자로 재직 중이며, 2019년 7월부터 2020년 1월까지 임시 CFO 역할도 수행한 바 있습니다. 새로운 보상 계약은 발표되지 않았으며, 관련 당사자 거래도 보고되지 않았습니다.

고위 임원의 퇴임은 단기적인 불확실성을 초래할 수 있지만, 경험 많은 내부 임원의 임명과 회계 분쟁 부재는 거버넌스 리스크를 억제하는 데 도움이 됩니다. 즉각적인 재무 영향은 공개되지 않았으며, 회사 증권의 다른 모든 조건은 변동이 없습니다.

Federal Agricultural Mortgage Corporation (Farmer Mac) a déposé un formulaire 8-K annonçant un changement de direction au sein de son organisation financière. Le 8 juillet 2025, la vice-présidente exécutive et directrice financière (CFO) Aparna Ramesh a informé la société de sa démission effective au 31 juillet 2025 afin de saisir une autre opportunité. La société précise que ce départ n'est pas lié à un désaccord concernant la comptabilité, les rapports, les contrôles internes ou les opérations.

Le conseil d'administration a mandaté un cabinet de recrutement pour mener une recherche nationale d'un successeur permanent. En attendant, à compter du 1er août 2025, Gregory N. Ramsey — actuellement vice-président et directeur comptable — assumera le rôle de principal responsable financier. Ramsey, 61 ans, occupe le poste de directeur comptable principal chez Farmer Mac depuis 2013 et a déjà assuré le rôle de CFO par intérim de juillet 2019 à janvier 2020. Aucun nouvel accord de rémunération n'a été annoncé et le dépôt ne signale aucune transaction avec des parties liées.

Bien qu'un départ à un niveau supérieur puisse entraîner une incertitude à court terme, la nomination d'un cadre interne expérimenté et l'absence de litiges comptables contribuent à limiter le risque de gouvernance. Aucun impact financier immédiat n'a été divulgué et toutes les autres conditions des titres de la société restent inchangées.

Die Federal Agricultural Mortgage Corporation (Farmer Mac) hat ein Formular 8-K eingereicht, in dem eine Führungsänderung in ihrer Finanzorganisation bekanntgegeben wird. Am 8. Juli 2025 informierte die Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh das Unternehmen, dass sie zum 31. Juli 2025 zurücktreten wird, um eine andere Gelegenheit wahrzunehmen. Das Unternehmen erklärt, dass der Austritt nicht im Zusammenhang mit Meinungsverschiedenheiten über Buchhaltung, Berichterstattung, interne Kontrollen oder operative Abläufe steht.

Der Vorstand hat eine Executive-Suchfirma beauftragt, eine landesweite Suche nach einem dauerhaften Nachfolger durchzuführen. In der Zwischenzeit wird ab dem 1. August 2025 Gregory N. Ramsey — derzeit Vice President & Chief Accounting Officer — die Rolle des Hauptfinanzverantwortlichen übernehmen. Ramsey, 61 Jahre alt, ist seit 2013 Farmer Macs leitender Buchhaltungsbeauftragter und hatte bereits von Juli 2019 bis Januar 2020 interimistisch die CFO-Position inne. Es wurden keine neuen Vergütungsvereinbarungen bekannt gegeben, und die Einreichung berichtet keine Transaktionen mit verbundenen Parteien.

Obwohl der Weggang eines hochrangigen Managers kurzfristige Unsicherheiten mit sich bringen kann, trägt die Ernennung eines erfahrenen internen Managers und das Fehlen von Buchhaltungsstreitigkeiten dazu bei, das Governance-Risiko zu begrenzen. Es wurden keine unmittelbaren finanziellen Auswirkungen offengelegt, und alle anderen Bedingungen der Wertpapiere des Unternehmens bleiben unverändert.

Positive
  • Orderly transition: experienced internal executive appointed interim CFO, limiting disruption
  • No accounting disagreements: company affirms resignation unrelated to financial reporting or controls
Negative
  • Leadership turnover: Departure of CFO introduces uncertainty until a permanent successor is found

Insights

TL;DR: CFO exit poses governance risk but orderly transition and experienced interim limit impact; search for permanent CFO underway.

The sudden loss of a sitting CFO is typically viewed as an elevated governance concern because it creates potential gaps in strategic financial oversight and investor communication. However, Farmer Mac mitigates this risk by (1) clarifying that the resignation is voluntary and unrelated to accounting disagreements, (2) appointing a seasoned, internally-groomed executive with prior interim CFO experience, and (3) launching an immediate nationwide search. The absence of new compensation packages or related-party issues keeps cost and compliance exposure low. Overall, I view the development as neutral: investors should monitor the duration of the search and assess whether the next CFO brings strategic value.

TL;DR: Minimal near-term financial impact; watch for guidance changes once permanent CFO is named.

This 8-K is operational rather than financial. There is no guidance revision or balance-sheet implication. Mr. Ramsey’s continuity as chief accounting officer reduces risk to reporting timelines and audit readiness, suggesting Q3 filings remain on schedule. Any material impact will hinge on the profile of the eventual permanent CFO and strategic shifts they might introduce. For now, I classify the disclosure as neutral from a valuation standpoint.

Federal Agricultural Mortgage Corporation (Farmer Mac) ha presentato un modulo 8-K annunciando un cambiamento nella leadership della sua organizzazione finanziaria. L'8 luglio 2025, la Vicepresidente Esecutiva e Chief Financial Officer (CFO) Aparna Ramesh ha comunicato all'azienda la sua intenzione di dimettersi con effetto dal 31 luglio 2025 per intraprendere un'altra opportunità. La società specifica che la partenza non è legata a disaccordi riguardanti contabilità, rendicontazione, controlli interni o operazioni.

Il Consiglio ha incaricato una società di ricerca esecutiva per condurre una ricerca a livello nazionale per un successore permanente. Nel frattempo, a partire dal 1° agosto 2025, Gregory N. Ramsey — attualmente Vicepresidente e Chief Accounting Officer — assumerà il ruolo di principale responsabile finanziario. Ramsey, 61 anni, ricopre il ruolo di responsabile contabile principale di Farmer Mac dal 2013 e ha già svolto il ruolo di CFO ad interim da luglio 2019 a gennaio 2020. Non sono stati annunciati nuovi accordi compensativi e la documentazione non riporta transazioni con parti correlate.

Nonostante la partenza di un dirigente di alto livello possa generare incertezza a breve termine, la nomina di un dirigente interno esperto e l'assenza di controversie contabili contribuiscono a contenere il rischio di governance. Non è stato segnalato alcun impatto finanziario immediato e tutte le altre condizioni relative ai titoli della società rimangono invariate.

Federal Agricultural Mortgage Corporation (Farmer Mac) presentó un formulario 8-K informando un cambio en el liderazgo de su organización financiera. El 8 de julio de 2025, la Vicepresidenta Ejecutiva y Directora Financiera (CFO) Aparna Ramesh notificó a la empresa que renunciará con efecto al 31 de julio de 2025 para seguir otra oportunidad. La compañía declara que la salida no está relacionada con desacuerdos sobre contabilidad, informes, controles internos u operaciones.

El Consejo ha contratado a una firma de búsqueda ejecutiva para realizar una búsqueda nacional de un sucesor permanente. Mientras tanto, a partir del 1 de agosto de 2025, Gregory N. Ramsey — actualmente Vicepresidente y Director de Contabilidad — asumirá el rol de principal oficial financiero. Ramsey, de 61 años, ha sido el principal oficial de contabilidad de Farmer Mac desde 2013 y anteriormente desempeñó el cargo de CFO interino de julio de 2019 a enero de 2020. No se anunciaron nuevos acuerdos compensatorios y el informe no registra transacciones con partes relacionadas.

Aunque la salida de un alto ejecutivo puede generar incertidumbre a corto plazo, el nombramiento de un ejecutivo interno experimentado y la ausencia de disputas contables ayudan a contener el riesgo de gobernanza. No se ha revelado ningún impacto financiero inmediato y todos los demás términos de los valores de la compañía permanecen sin cambios.

Federal Agricultural Mortgage Corporation(Farmer Mac)는 재무 조직의 리더십 변경을 공시하는 Form 8-K를 제출했습니다. 2025년 7월 8일, 부사장 겸 최고재무책임자(CFO) Aparna Ramesh가 2025년 7월 31일부로 사임하여 다른 기회를 추구할 것임을 회사에 통보했습니다. 회사 측은 이번 퇴임이 회계, 보고, 내부 통제 또는 운영과 관련된 어떠한 의견 불일치와도 무관함을 명시했습니다.

이사회는 상근 후임자를 찾기 위해 전국 단위의 임원 검색 회사를 고용했습니다. 그동안 2025년 8월 1일부터는 Gregory N. Ramsey—현재 부사장 겸 최고회계책임자가—주요 재무 책임자 역할을 맡게 됩니다. 61세인 Ramsey는 2013년부터 Farmer Mac의 최고회계책임자로 재직 중이며, 2019년 7월부터 2020년 1월까지 임시 CFO 역할도 수행한 바 있습니다. 새로운 보상 계약은 발표되지 않았으며, 관련 당사자 거래도 보고되지 않았습니다.

고위 임원의 퇴임은 단기적인 불확실성을 초래할 수 있지만, 경험 많은 내부 임원의 임명과 회계 분쟁 부재는 거버넌스 리스크를 억제하는 데 도움이 됩니다. 즉각적인 재무 영향은 공개되지 않았으며, 회사 증권의 다른 모든 조건은 변동이 없습니다.

Federal Agricultural Mortgage Corporation (Farmer Mac) a déposé un formulaire 8-K annonçant un changement de direction au sein de son organisation financière. Le 8 juillet 2025, la vice-présidente exécutive et directrice financière (CFO) Aparna Ramesh a informé la société de sa démission effective au 31 juillet 2025 afin de saisir une autre opportunité. La société précise que ce départ n'est pas lié à un désaccord concernant la comptabilité, les rapports, les contrôles internes ou les opérations.

Le conseil d'administration a mandaté un cabinet de recrutement pour mener une recherche nationale d'un successeur permanent. En attendant, à compter du 1er août 2025, Gregory N. Ramsey — actuellement vice-président et directeur comptable — assumera le rôle de principal responsable financier. Ramsey, 61 ans, occupe le poste de directeur comptable principal chez Farmer Mac depuis 2013 et a déjà assuré le rôle de CFO par intérim de juillet 2019 à janvier 2020. Aucun nouvel accord de rémunération n'a été annoncé et le dépôt ne signale aucune transaction avec des parties liées.

Bien qu'un départ à un niveau supérieur puisse entraîner une incertitude à court terme, la nomination d'un cadre interne expérimenté et l'absence de litiges comptables contribuent à limiter le risque de gouvernance. Aucun impact financier immédiat n'a été divulgué et toutes les autres conditions des titres de la société restent inchangées.

Die Federal Agricultural Mortgage Corporation (Farmer Mac) hat ein Formular 8-K eingereicht, in dem eine Führungsänderung in ihrer Finanzorganisation bekanntgegeben wird. Am 8. Juli 2025 informierte die Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh das Unternehmen, dass sie zum 31. Juli 2025 zurücktreten wird, um eine andere Gelegenheit wahrzunehmen. Das Unternehmen erklärt, dass der Austritt nicht im Zusammenhang mit Meinungsverschiedenheiten über Buchhaltung, Berichterstattung, interne Kontrollen oder operative Abläufe steht.

Der Vorstand hat eine Executive-Suchfirma beauftragt, eine landesweite Suche nach einem dauerhaften Nachfolger durchzuführen. In der Zwischenzeit wird ab dem 1. August 2025 Gregory N. Ramsey — derzeit Vice President & Chief Accounting Officer — die Rolle des Hauptfinanzverantwortlichen übernehmen. Ramsey, 61 Jahre alt, ist seit 2013 Farmer Macs leitender Buchhaltungsbeauftragter und hatte bereits von Juli 2019 bis Januar 2020 interimistisch die CFO-Position inne. Es wurden keine neuen Vergütungsvereinbarungen bekannt gegeben, und die Einreichung berichtet keine Transaktionen mit verbundenen Parteien.

Obwohl der Weggang eines hochrangigen Managers kurzfristige Unsicherheiten mit sich bringen kann, trägt die Ernennung eines erfahrenen internen Managers und das Fehlen von Buchhaltungsstreitigkeiten dazu bei, das Governance-Risiko zu begrenzen. Es wurden keine unmittelbaren finanziellen Auswirkungen offengelegt, und alle anderen Bedingungen der Wertpapiere des Unternehmens bleiben unverändert.

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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): July 10, 2025

 

Cocrystal Pharma, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38418   35-2528215

(State or other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

19805 N. Creek Parkway

Bothell, WA

  98011
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (877) 262-7123

 

 

(Former name or former address, if changed since last report.): n/a

 

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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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. ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   COCP   The Nasdaq Stock Market LLC
(The Nasdaq Capital Market)

  

 

 

 

 

 

Item 7.01 Regulation FD Disclosure.

 

On July 10, 2025, Cocrystal Pharma, Inc. (the “Company”) issued a press release announcing its broad-spectrum protease inhibitor CDI-988 will be featured in an oral presentation at the 9th International Calicivirus Conference. A copy of the press release is being furnished as Exhibit 99.1.

 

The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under such section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit   Description
     
99.1   Press Release dated July 10, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

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.

 

  Cocrystal Pharma, Inc.
     
Date: July 10, 2025 By: /s/ James Martin
  Name:  James Martin
  Title:  Chief Financial Officer and Co-Chief Executive Officer

 

 

FAQ

Why did Federal Agricultural Mortgage Corporation (AGM) CFO Aparna Ramesh resign?

The 8-K states that Ms. Ramesh resigned effective 31 July 2025 to pursue another opportunity and that her departure is not related to accounting or operational disagreements.

Who is replacing the AGM CFO on an interim basis?

Gregory N. Ramsey, the company’s Vice President & Chief Accounting Officer, will assume CFO duties starting 1 August 2025.

Does the CFO change affect Farmer Mac’s financial reporting?

The filing indicates no impact on accounting practices or internal controls; Ramsey has served as principal accounting officer since 2013 and previously acted as interim CFO.

Is Farmer Mac (AGM) offering additional compensation to the interim CFO?

No. The company disclosed that no new compensatory arrangement was entered into in connection with Mr. Ramsey’s appointment.

When will Farmer Mac appoint a permanent CFO?

The Board has hired an executive search firm and will conduct a nationwide search, but no specific timeline was provided.
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