This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Targacept Announces Changes To Board Of Directors And Management

Targacept, Inc. (NASDAQ: TRGT), a clinical-stage biopharmaceutical company developing novel NNR Therapeutics (TM), today announced the following changes to its Board of Directors:
  • M. James Barrett, Ph.D. and G. Steven Burrill have resigned their directorships, effective May 31, 2013. Dr. Barrett and Mr. Burrill first joined Targacept’s Board in 2002 and 2000, respectively, at the time of venture capital investments made in Targacept by their affiliated funds prior to Targacept’s initial public offering.
  • Ralph Snyderman, M.D. has decided not to stand for reelection and will retire from Targacept’s Board effective May 31, 2013. Dr. Snyderman, who has been a member of the Board since June 2007, has reached the retirement age set forth in Targacept’s Corporate Governance Guidelines.

These decisions did not arise from any disagreement on any matter relating to Targacept’s operations, policies or practices. When the changes become effective, Targacept’s Board of Directors will be comprised of seven members, including Dr. Stephen A. Hill, Targacept’s President and Chief Executive Officer, and six independent directors ─ Charles A. Blixt, Julia R. Brown, Errol B. De Souza, Ph.D., Alan Dunton, M.D., John P. Richard and Mark Skaletsky.

“On behalf of the Board, I’d like to thank Jim, Steve and Ralph for their guidance and strategic oversight as Targacept has grown from an early-stage, venture-funded enterprise to a mature, clinically focused organization,” said Mark Skaletsky, Chairman of Targacept’s Board of Directors. “Their seasoned leadership and expertise over the years has helped give Targacept a solid foundation on which to continue to build.”

Targacept also announced that Jeffrey P. Brennan, Senior Vice President, Business and Commercial Development and Chief Business Officer, will be leaving the company as of March 31, 2013 to pursue other opportunities.

“I would like to personally thank Jeff for his contributions to the company. Targacept has a promising future thanks in part to his efforts over the last 10 years,” said Dr. Stephen A. Hill, Targacept’s President and Chief Executive Officer.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs