# EDGAR Filing Document

**Accession Number:** 0001582554
**File Stem:** 0001493152-25-027529
**Filing Date:** 2025-12
**Character Count:** 17610
**Document Hash:** d45cfbd6cc8428fe2b6c95b317e0db8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-027529.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001493152-25-027529

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251212

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Matinas BioPharma Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001582554
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 463011414
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38022
- **FILM NUMBER:** 251568978

**BUSINESS ADDRESS:**
- **STREET 1:** 1545 ROUTE 206 SOUTH
- **STREET 2:** SUITE 302
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921
- **BUSINESS PHONE:** 908-484-8805

**MAIL ADDRESS:**
- **STREET 1:** 1545 ROUTE 206 SOUTH
- **STREET 2:** SUITE 302
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921

?xml version='1.0' encoding='ASCII'?

**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): December 12, 2025**

**MATINAS BIOPHARMA HOLDINGS, INC.**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38022** | **46-3011414** |
| **(State or other jurisdiction** <br> **of incorporation)**  | **(Commission** <br> **File Number)**  | **(IRS Employer** <br> **ID Number)**  |

---

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| | |
|:---|:---|
| **1545 Route 206 South, Suite 302**<br> **Bedminster, New Jersey**  | **07921** |
| **(Address of principal executive offices)** | **(Zip Code)** |

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**Registrant's telephone number, including area code: (908) 484-8805**

**Not Applicable**

**(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 Act:

<u>Title of Each Class </u> <u>Trading Symbol</u> <u>Name of Each Exchange on Which Registered</u> <br> Common Stock MTNB NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §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 December 12, 2025, Matinas BioPharma Holdings, Inc. (the "Company") and Jerome D. Jabbour, the Company's Chief Executive Officer, entered into the Third Amendment (the "Amendment") to the Employment Agreement, between the Company and Mr. Jabbour, dated March 22, 2018 (as previously amended by that certain First Amendment, dated March 3, 2023, and that certain Second Amendment, dated April 30, 2025, the "Agreement"). Prior to the Amendment, the Agreement provided that if a Change in Control (as defined in the Agreement) occurs on or prior to March 31, 2026 and Mr. Jabbour remains employed by the Company through the date of the Change in Control, he is entitled to payment of a retention bonus in an amount equal to the greater of (i) his target annual bonus for the fiscal year in which such Change in Control occurs, or (ii) $299,000 (the "Retention Bonus").

The Amendment modifies the Agreement by:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Extending
 the date by which a Change in Control must occur to trigger the Retention Bonus from March 31, 2026 to June 30, 2026.

(b) Providing
 that two-thirds of the Retention Bonus will be paid upon the Company's execution of a definitive agreement that, if consummated,
 would result in a Change in Control, and the remaining one-third would be paid immediately prior to the closing of such Change in
 Control, so long as for each payment Mr. Jabbour has not resigned without Good Reason nor been terminated by the Company for Cause
 (each as defined in the Agreement). If Mr. Jabbour resigns for Good Reason or is terminated by the Company other than for Cause,
 he will be entitled to the Retention Bonus **(**or any remaining portion thereof), payable within ten days following such termination
 and in any event not later than immediately prior to the closing of a Change in Control.

(c) Providing
 that Mr. Jabbour will be entitled to an annual bonus for the 2025 calendar year in an amount no less than his target annual bonus
 payable at the same time annual bonuses are paid to other senior executives, but in no event later than February 1, 2026, provided
 that he has not been terminated for Cause or resigned without Good Reason prior to February 1, 2026.

(d) Modifying
 the Agreement's definition of "Change in Control" to include a transaction resulting in a material change to the
 Company's (or its successor's) primary business as in effect immediately prior to such transaction.

(e) Making
 certain modifications to the definitions of "Cause" and "Good Reason" under the Agreement.

Except as specifically set forth in the Amendment, all other terms and conditions of the Agreement remain in full force and effect. The foregoing description of the terms of the Amendment is not intended to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Third Amendment to Employment Agreement, dated as of December 12, 2025, between the Company and Jerome D. Jabbour](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**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.

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| | | |
|:---|:---|:---|
|  | **MATINAS BIOPHARMA HOLDINGS, INC.** | **MATINAS BIOPHARMA HOLDINGS, INC.** |
| Dated: December 12, 2025 | By: | */s/ Jerome D. Jabbour* |
|  | Name: | Jerome D. Jabbour |
|  | Title: | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**THIRD AMENDMENT** 

**TO** 

**EMPLOYMENT AGREEMENT**

This Third Amendment ("<u>Amendment</u>"), entered into as of the 12<sup>th</sup> day of December, 2025 (the "<u>Effective Date</u>"), amends the Employment Agreement between MATINAS BIOPHARMA HOLDINGS, INC. (the "<u>Company</u>") and Jerome D. Jabbour (the "<u>Executive</u>") dated March 22, 2018, as amended by those certain amendments dated as of March 3, 2023 and April 30, 2025 (as amended, the "<u>Agreement</u>"). All capitalized terms not defined herein shall have the meanings set forth in the Agreement.

**RECITALS**

WHEREAS, the Company may, from time to time, consider transactions that could be material or result in a change in control of the Company;

WHEREAS, the Board of Directors (the "<u>Board</u>") of the Company believes that the Executive's focus on the best interests of the Company and its stockholders is of utmost importance notwithstanding the Company's consideration of any such transaction;

WHEREAS, the Company and the Executive desire to amend the Agreement as provided in this Amendment, to modify the definition of "Change in Control" for purposes of the Agreement (and arrangements that reference the Agreement, including, with respect to the Executive, the Company's equity compensation arrangements) and to make such other changes to the Agreement to reflect the Executive's importance to the Company and to ensure his continued focus on the best interests of the Company and its stockholders.

NOW THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned, intending to be legally bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Retention Bonus</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Section
 3.2 of the Agreement is hereby amended to provide that for purposes of the Retention Bonus
 described in such section, two-thirds (2/3rds) of such Retention Bonus shall be paid to Executive
 in a lump sum cash payment (subject to required withholdings for taxes) upon the Company's
 execution of a definitive agreement that, if consummated, will result in a Change in Control,
 and the balance shall be paid (subject to required withholdings for taxes) immediately prior
 to the closing of such Change in Control, so long as for each respective payment, the Executive
 has neither resigned without Good Reason nor been terminated by the Company for Cause. If
 the Executive resigns for Good Reason or is terminated by the Company other than for Cause,
 he will receive the full Retention Bonus (or the remaining payment of the Retention Bonus
 if applicable) within ten (10) days following the date of such termination (but not later
 than immediately prior to the closing of a Change in Control).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. All
 references in Section 3.2 to March 31, 2026 shall be revised to read June 30, 2026, and so
 long as the Executive has not been terminated for Cause or resigned without Good Reason prior
 to February 1, 2026, Executive will be paid an annual bonus for the 2025 calendar year (at
 an amount no less than the Target Annual Bonus) as and when other senior executives receive
 annual bonuses but in no event later than February 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Change in Control Definition</u>. Clause (v) is hereby added to Section 4.1(f) to read as follows:

"(v) any transaction resulting in a material change to the Company's (or its successor's) primary business as in effect immediately prior to such transaction."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Notwithstanding anything contained in the Agreement to the contrary, (i) for purposes of clause (iv)(A) of each of Sections 4.1(d) and (e) thereof, the Executive's Base Salary shall be determined without regard to any reduction in Base Salary that was a basis for the Executive's resignation for Good Reason; and (ii) for purposes of clause (iii) of each of Sections 4.1(d) and (e) thereof the post-termination exercise period of any options described therein shall be the respective expiration date of each such option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For purposes of a Change in Control, the 24-month Post-Change in Control Period shall be measured from the date of any final closing with respect to any such Change in Control; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Cause Definition</u>. The definition of Cause in the Agreement and by reference for purposes of the Plans (and Executive Equity) shall be amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Clause
 (i) of Section 4.1(b) of the Agreement (definition of Cause) shall be amended by adding the
 following to the end thereof: "(which, for the avoidance of doubt, shall not include
 the Executive's good faith negotiations in connection with compensation arrangements
 to which he is or may be subject)."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Section
 4.1(b) shall be amended by adding a clause to the end thereof that reads as follows: "Failure
 to attain performance goals or financial metrics shall not constitute Cause. "Willful"
 for purposes of Cause shall mean Executive's bad faith, without the reasonable belief
 that his actions were in the best interests of the Company or its Affiliates (which for the
 avoidance of doubt shall not include the Executive's good faith negotiations in connection
 with compensation arrangements to which he is or may be subject)."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Good Reason Definition</u>. The definition of Good Reason in Section 4.1(c) of the Agreement and by reference for purposes of the Plans (and Executive Equity) shall be amended to read as follows:

"(c) As used in this Agreement, "<u>Good Reason</u>" means the occurrence of any of the following: (1) a material breach by the Company of the terms of this Agreement; (2) any reduction in the Executive's Base Salary or Target Annual Bonus percentage; (3) a material change in the geographic location at which the Executive performs services for the Company; or (4) a material reduction in the Executive's responsibilities, duties, or authorities, or any adverse change in the Executive's title, role(s) or position(s); provided, however, that the Executive must notify the Company within ninety (90) days of the occurrence of any of the foregoing conditions (or if later, the Executive's knowledge of such condition) that he considers it to be a "Good Reason" condition and provide the Company with at least thirty (30) days in which to cure the condition. If the Executive fails to provide this notice and cure period prior to his resignation, or resigns more than six (6) months after the initial existence of the condition (or if later, six (6) months after Executive's knowledge of such condition), his resignation will not be deemed to be for "Good Reason.""

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Representation</u>. The Company represents that, after reasonable due inquiry, to the knowledge of the Board of Directors no grounds for Cause exist as of the date of this Amendment (including in connection with negotiations relating to the Transaction or this Amendment).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Attorneys' Fees</u>. The Company hereby agrees to pay (or reimburse the Executive) for attorneys' fees and disbursements reasonably incurred by the Executive in connection with this Amendment, upon presentation of an invoice for services rendered, which amount shall not exceed $20,000 in the aggregate. If Executive is required to initiate an action to enforce his rights under this Agreement and prevails on any of the substantive claims made in such action, then Executive shall be entitled to recover his reasonable attorneys' fees and costs incurred in enforcing his rights under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Effect of Amendments</u>. Except as specifically amended in this Amendment, the Agreement, the Indemnification Agreement, and the Founding Officer/Director Non-Disclosure and Invention Assignment Agreement to which the Executive is a party with the Company shall continue in full force and effect. This Amendment shall not itself be amended, except as part of any future amendment to the Agreement duly executed by the parties to the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Binding Effect</u>. This Amendment shall be binding upon and inure to the benefit of the Company and the Executive and their respective successors, permitted assigns, heirs, beneficiaries and representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Counterparts</u>. This Amendment may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

Signature Page Follows

IN WITNESS WHEREOF, the undersigned have executed this Amendment effective as of the Effective Date set forth above.

Matinas BioPharma Holdings, Inc.

By: <u>*Keith A. Kucinski*</u> <br> Name: Keith A. Kucinski <br> Title: Chief Financial Officer

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| | |
|:---|:---|
| */s/ Jerome D. Jabbour* | |
| Jerome D. Jabbour |  |

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