Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On January 6, 2021, the Board of Directors of Arcus Biosciences, Inc. appointed
Michael Quigley, Ph.D., to Arcus's Board as a Class III Director. Dr. Quigley is
the Senior Vice President of Research Biology at Gilead Sciences, Inc. and is
being appointed pursuant to the previously announced Investor Rights Agreement
entered into between Arcus and Gilead. The Investor Rights Agreement was entered
into in connection with previously announced Option, License and Collaboration
Agreement and Common Stock Purchase Agreement entered into between Arcus and
Gilead on May 27, 2020.
Dr. Quigley will not receive any compensation for his service as a member of
Arcus's Board. Arcus expects to enter into its standard form of indemnification
agreement with Dr. Quigley.
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