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TMCNet:  IGNYTA, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Financial Statements and Exhibits

[February 06, 2014]

IGNYTA, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 1.01 Entry into a Material Definitive Agreement The disclosure set forth under Item 5.02 of this Current Report on Form 8-K is incorporated into this Item 1.01 by reference.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (b) On February 5, 2014, Dr. Patrick O'Connor resigned from his positions as Chief Scientific Officer and Sr. Vice President, Research of Ignyta, Inc.


("Ignyta"), effective immediately. Dr. O'Connor had been on a previously announced unpaid medical leave of absence since September 2013.

In connection with Dr. O'Connor's resignation, Ignyta and Dr. O'Connor entered into a letter agreement dated as of February 5, 2014 (the "Agreement"). Under the Agreement, Ignyta accelerated vesting with respect to 100,000 of 500,000 shares of restricted common stock of Ignyta held by Dr. O'Connor, and Ignyta repurchased the remaining 400,000 unvested shares for Dr. O'Connor's original purchase price of $1,440 in the aggregate. The Agreement also contains customary release of liability provisions.

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of such Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

The press release dated February 6, 2014 announcing Dr. O'Connor's resignation is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits (d) Exhibits.

Exhibit No. Description 10.1 Letter agreement between Ignyta, Inc. and Dr. Patrick O'Connor dated February 5, 2014.

99.1 Press Release, dated February 6, 2014.

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