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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): FEBRUARY 25, 1998
TECHNICLONE CORPORATION
(Exact name of Registrant as specified in charter)
DELAWARE 0-17085 95-3698422
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
14282 FRANKLIN AVENUE, TUSTIN, CALIFORNIA 92780-7017
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (714) 838-0500
NOT APPLICABLE
(Former name or former address, if changed, since last report)
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ITEM 5 OTHER EVENTS
On March 5, 1998, the Company announced that Lon H. Stone resigned his
position as President and Chief Executive Officer of the Company, effective
March 2, 1998. The resignation was not due to any disagreement with the Company
on any matter relating to the Company's operations, policies or practices. An
oversight committee consisting of Techniclone board members will act in place of
the President and Chief Executive Officer to manage day-to-day operations on an
interim basis until a successor can be hired. Notwithstanding, Mr. Stone will
continue to serve as Chairman of the Board of Directors of the Company.
ITEM 6 RESIGNATIONS OF REGISTRANT'S DIRECTORS
On March 3, 1998, the Company announced that Marc E. Lippman, M.D.
resigned as a director of the Company, effective February 25, 1998. The
resignation was not due to any disagreement with the Company on any matter
relating to the Company's operations, policies or practices.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS
No financial statements or exhibits are required as part of this report.
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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.
TECHNICLONE CORPORATION
Date: March 9, 1998 By: /s/ William V. Moding
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William V. Moding,
Chief Financial Officer
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