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TScan Therapeutics sets CFO, medical chief exit terms

Both executives continue receiving base salary and applicable employee benefits until their separation dates.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

TScan Therapeutics, Inc. (TCRX) entered separation agreements with Jason A. Amello, its Chief Financial Officer, and Chrystal Louis, M.D., MPH, its Chief Medical Officer, following a previously announced strategic reorganization. The agreements provide that each executive’s employment will end on the earlier of November 1, 2026, or the date the executive begins other employment, consulting, or paid board service. Base salary and applicable employee benefits continue until that separation date.

Each executive remains entitled to previously disclosed termination-related payments and benefits. Under the 2025 Retention Program, Amello may receive a $85,000 lump-sum cash award and Louis may receive a $125,000 lump-sum cash award, each payable only if a specified company milestone is achieved before that executive’s separation date.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Conditional milestone award $85,000 Jason A. Amello; payable if a specified company milestone is achieved before his separation date.
Conditional milestone award $125,000 Chrystal Louis, M.D., MPH; payable if a specified company milestone is achieved before her separation date.
Employment termination date November 1, 2026 Employment ends by this date unless an earlier specified trigger occurs.
Confidential Separation Agreement and General Release Agreements regulatory
"entered into Confidential Separation Agreement and General Release Agreements"
Separation Date technical
"the applicable “Separation Date”"
2025 Retention Program financial
"terms of the Company’s November 2025 retention program"
lump-sum cash award financial
"entitled to a lump-sum cash award"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the separation terms for TCRX's CFO and CMO?

Jason A. Amello’s and Chrystal Louis, M.D., MPH’s employment will end on the earlier of November 1, 2026, or the date each begins other employment, consulting, or paid board service. Their base salary and applicable employee benefits continue until their respective separation dates.

What milestone payments could TCRX's departing executives receive?

Jason A. Amello could receive a $85,000 lump-sum cash award, and Chrystal Louis, M.D., MPH, could receive a $125,000 lump-sum cash award. Each award is payable only if a specified company milestone is achieved before the executive’s separation date under the 2025 Retention Program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false 0001783328 0001783328 2026-09-24 2026-09-24
 
 

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) September 24, 2026

 

 

TSCAN THERAPEUTICS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-40603   82-5282075

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

830 Winter Street  
Waltham, Massachusetts   02451
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code 857 399-9500

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))

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

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Voting Common Stock, par value $0.0001 per share   TCRX   The Nasdaq Global Market, LLC

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.

As previously disclosed in the Company’s Current Report on Form 8-K filed September 2, 2026, in connection with a strategic reorganization of the Company, it was agreed that Jason A. Amello would cease to serve as the Company’s Chief Financial Officer and Chrystal Louis, M.D., MPH, would cease to serve as the Company’s Chief Medical Officer.

On September 24, 2026 and September 25, 2026, respectively, the Company entered into Confidential Separation Agreement and General Release Agreements with Dr. Louis (the “Louis Separation Agreement”) and Mr. Amello (the “Amello Separation Agreement” and, together with the Louis Separation Agreement, the “Separation Agreements”), pursuant to which the applicable executive’s employment with the Company will terminate on the earlier of November 1, 2026 or the date on which the executive commences other employment, consulting or paid board service (the applicable “Separation Date”) and during such time each executive’s base salary and applicable employee benefits will continue.

Pursuant to the Amello Separation Agreement, Mr. Amello remains contractually entitled to receive the previously disclosed termination-related payments and benefits. Mr. Amello is also entitled to a lump-sum cash award of $85,000, which will be payable upon achievement of a certain Company milestone should such milestone be achieved prior to Mr. Amello’s Separation Date pursuant to the terms of the Company’s November 2025 retention program (the “2025 Retention Program”).

Pursuant to the Louis Separation Agreement, Dr. Louis remains contractually entitled to receive the previously disclosed termination-related payments and benefits. Dr. Louis is also entitled to a lump-sum cash award of $125,000, which will be payable upon achievement of a certain Company milestone should such milestone be achieved prior to Dr. Louis’s Separation Date pursuant to the terms of the 2025 Retention Program.

The foregoing descriptions of the Separation Agreements do not purport to be complete and are qualified in their entirety by reference to the full text of the Separation Agreements, copies of which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2026.

 


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.

 

      TScan Therapeutics, Inc.
Date: September 30, 2026     By:  

/s/ Gavin MacBeath, Ph.D.

     

Gavin MacBeath, Ph.D.

Chief Executive Officer

(Principal Executive Officer)

Filing Exhibits & Attachments

3 documents

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