MannKind Corp. (MNKD)

[Saborte79]

Hakan will be working with the company up until july 1 2017.

In connection with Mr. Edstrom’s resignation, the Company and Mr. Edstrom have reached a preliminary agreement regarding the terms of Mr. Edstrom’s separation from the Company (the “proposed separation agreement”). Pursuant to the proposed separation agreement, and provided that Mr. Edstrom does not revoke his acceptance of the agreement once reduced to writing, Mr. Edstrom would provide the Company with a general release of claims and remain employed with the Company to provide transition and other services through July 1, 2017, subject to his earlier resignation or termination by the Company. Mr. Edstrom would report to the Company’s principal executive officer during the term of the agreement.