On November14, 2016, Dipexium Pharmaceuticals,Inc. (the Company) and David Garrett, the Companys Vice President, Finance and Corporate Development, mutually agreed to terminate Mr.Garretts employment agreement, effective as of November30, 2016, so that he may pursue other opportunities. The decision of the Company to terminate Mr.Garretts employment agreement was not the result of a disagreement between Mr.Garrett and the Company on any matter relating to the Companys financial condition or financial reporting. The Company and Mr.Garrett are finalizing the terms of his severance arrangement, which will be disclosed in a separate report on Form8-K once agreed upon.
Pursuant to the requireme nts 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.
Date: November15, 2016
/s/ David P. Luci
David P. Luci
President and Chief Executive Officer
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