Quarterly report pursuant to Section 13 or 15(d)

Separation of David Bupp

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Separation of David Bupp
6 Months Ended
Jun. 30, 2011
Separation of David Bupp
9.
Separation of David Bupp

In March 2011, Neoprobe announced the departure of our then-current President and CEO, David C. Bupp, effective April 15, 2011.  The following table summarizes accrued expenses as of June 30, 2011, including employer payroll tax obligations, related to the provisions of Mr. Bupp’s separation agreement:

   
As of
June 30, 2011
 
Separation
  $ 450,184  
Pro-rated 2011 bonus
    60,870  
Employer payroll taxes related to stock-based compensation
    17,092  
Estimated continuing healthcare coverage
    71,512  
    $ 599,658  

Concurrent with Mr. Bupp’s separation, Dr. Mark J. Pykett was named Neoprobe’s new President and CEO, effective April 15, 2011.