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EX-99.1 - EXHIBIT 99.1 - PDL BIOPHARMA, INC.ex99_1.htm


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):  December 9, 2011

PDL BioPharma, Inc.
(Exact name of Company as specified in its charter)
 
000-19756
(Commission File Number)
 
Delaware
94-3023969
(State or Other Jurisdiction of Incorporation)
(I.R.S. Employer Identification No.)
 
932 Southwood Boulevard
Incline Village, Nevada  89451
(Address of principal executive offices, with zip code)
 
(775) 832-8500
(Company’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 Company 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))
 


 
 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
Departure of Christine Larson, Vice President and Chief Financial Officer
 
On December 9, 2011, Christine Larson, the Vice President and Chief Financial Officer of PDL BioPharma, Inc. (the Company), resigned from the Company, effective immediately.
 
On December 12, 2011, the Company issued a press release announcing the departure of Ms. Larson and the initiation of its search for a replacement chief financial officer.  The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01 Financial Statements and Exhibits.
 
Exhibit No.
 
Description
99.1
 
Press Release

 
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
PDL BIOPHARMA, INC.
 
(Company)
   
 
By:
/s/ John P. McLaughlin
   
John P. McLaughlin
   
President and Chief Executive Officer
Dated:  December 12, 2011

 
 

 

EXHIBIT INDEX
 
Exhibit No.
 
Description
 
Press Release