Form 8-K
8-K — ADC Therapeutics SA
Accession: 0000950103-26-010195
Filed: 2026-07-02
Period: 2026-06-30
CIK: 0001771910
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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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):
June 30, 2026
ADC Therapeutics SA
(Exact Name of Registrant as Specified in Its Charter)
Switzerland
(State or Other Jurisdiction of Incorporation)
001-39071
(Commission File Number)
N/A
(IRS Employer Identification Number)
Biopôle
Route de la Corniche 3B
1066 Epalinges
Switzerland
(Address of Principal Executive Offices) (Zip Code)
+41 21 653 02 00
(Registrant’s Telephone Number)
N/A
(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 (see General Instruction A.2.
below):
☐ 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 Exchange Act:
Title of Each Class
Trading Symbol
Name of Each Exchange on Which Registered
Common Shares, par value CHF 0.08 per share
ADCT
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 C.F.R. §230.405) or Rule 12b-2 of the Securities Exchange Act of
1934 (17 C.F.R. §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. ☐
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 30, 2026, the Board of Directors of ADC Therapeutics SA (the
“Company”), with the advice of its independent compensation consultant, approved one-time retention awards (“Awards”)
to certain of the Company’s employees, including its named executive officers as set forth below:
Name
Title
Cash Incentive Award
RSU Award
Ameet Mallik
Chief Executive Officer
$1,795,500
675,000
Jose Carmona
Chief Financial Officer
$541,842
203,700
Mohamed Zaki
Chief Medical Officer
$568,974
213,900
The Awards were granted pursuant to incentive award letter agreements
(the “Incentive Award Agreements”) that set forth the terms and conditions of the respective Awards.
The cash portion will be paid on or about July 15, 2026. The cash portion
is subject to repayment if the named executive officer’s employment with the Company terminates before June 30, 2027. Such repayment
obligation will not apply if employment is terminated by the Company without cause or by the named executive officer for good reason.
The RSU portion was granted on June 30, 2026. The RSUs will vest upon
the earlier of (x) June 30, 2027 and (y) termination of employment by the Company without cause or by the named executive officer for
good reason, subject to the named executive officer’s continued employment with the Company on the vesting date.
The foregoing description of the Incentive Award Agreements does not
purport to be complete and is qualified in its entirety by reference to the Incentive Award Agreements, which will be filed with the Company’s
Quarterly Report on Form 10-Q for the quarter ended June 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.
ADC Therapeutics SA
Date: July 2, 2026
By:
/s/ Peter J. Graham
Name:
Peter J. Graham
Title:
Chief Legal Officer
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