Item 2.02. Results of Operations and Financial Condition.
On January 5, 2022, Berkeley Lights, Inc. (the "Company") issued a press release
announcing certain preliminary financial results for the quarter and fiscal year
ended December 31, 2021. A copy of the press release is attached hereto as
Exhibit 99.1.
The information furnished pursuant to Item 2.02 in this Current Report on Form
8-K and the press release attached as Exhibit 99.1 hereto shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liability of that
Section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 5, 2022, the Company announced that Eric D. Hobbs, Ph.D. will
transition from his role as Chief Executive Officer and director on the Board of
Directors (the "Board") of the Company to President of the Antibody Therapeutics
business segment of the Company. The Company also announced that it is
initiating a search for a new Chief Executive Officer. Dr. Hobbs will continue
to serve as the Chief Executive Officer and as a member of the Board through the
appointment of his successor. Dr. Hobbs' transition is not the result from any
disagreement with the Company or the Board.
In addition, Greg Lucier, the Chairman of the Company's Board, will take a more
engaged role in providing guidance and support to the management team during the
transition period. As a result, Mr. Lucier has stepped down from his role as a
member of the Compensation Committee of the Board, and the Board has appointed
Siddhartha Kadia, Ph.D. as the Chairperson of the Compensation Committee of the
Board.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release of Berkeley Lights, Inc. dated January 5, 2022
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