Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of Earliest Event Reported): May 28, 2019


Vericel Corporation

(Exact name of registrant as specified in its charter)







(State or other
jurisdiction of


(Commission File


(I.R.S. Employer
Identification No.)







64 Sidney Street



Cambridge, MA



(Address of
principal executive


(Zip Code)


Registrant’s telephone number, including area code: (800) 556-0311


Not Applicable

Former name or former address, if changed since last report


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o            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:


Title of each class


Trading Symbol(s)


Name of each exchange on which registered

Common Stock







Indicate by a checkmark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§240.12b-2 of this chapter). Emerging Growth Company o


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. o





Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.




On May 28, 2019, Daniel Orlando notified the Company of his intention to resign as the Company’s Chief Operating Officer in order to join a privately held biotechnology company as its Chief Executive Officer.  The effective date of Mr. Orlando’s resignation is June 14, 2019.




On June 3, 2019, the Company appointed Michael Halpin, 58, as Chief Operating Officer of the Company, effective as of June 15, 2019.  Mr. Halpin joined the Company on April 10, 2017 as Senior Vice President, Quality and Regulatory Affairs, where he was responsible for quality activities and regulatory strategy.  From 2016 until joining the Company, Mr. Halpin served as Vice President, North American region regulatory head at Sanofi Genzyme.  Prior to that, Mr. Halpin served as Vice President, Regulatory Affairs for Genzyme’s biosurgery division, with regulatory oversight of all biosurgery and cell and gene therapy products, including Epicel® and MACI®.  Prior to Genzyme, Mr. Halpin held a number of regulatory, quality and clinical affairs positions at several medical device companies, including Abbott/MediSense, C.R. Bard and Abiomed.  Mr. Halpin received his master’s degree in biomedical engineering and bachelor’s degree in biochemistry from the University of Virginia.


There is no arrangement or understanding with any other person pursuant to which Mr. Halpin was appointed as the Chief Operating Officer, and there are no family relationships between Mr. Halpin and any director or executive officer of the Company.  Additionally, there are no transactions involving Mr. Halpin that would be required to be reported under Item 404(a) of Regulation S-K.






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.



Vericel Corporation



Date: June 3, 2019


/s/ Gerard Michel



Name: Gerard Michel



Title: Chief Financial Officer and Vice President Corporate Development