UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-K/A
Amendment
No. 1
(Mark
One)
☒
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the fiscal year ended December 31 , 2025
OR
☐
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the transition period from ____________to_________________
Commission
file Number: 000-24249
Interpace
Biosciences, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
22-2919486
(State
or other jurisdiction of
incorporation
or organization)
(I.R.S.
Employer
Identification
No.)
Waterview
Plaza , Suite 310
2001
Route 46 , Parsippany , NJ 07054
(Address
of principal executive offices and zip code)
(855)
776-6419
(Registrant’s
telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
None
N/A
N/A
Securities
registered pursuant to Section 12(g) of the Act: Common Stock, $0.01 par value per share
Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit such files). Yes ☒ No ☐
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer ☐
Accelerated
filer ☐
Non-accelerated
filer ☒
Smaller
reporting company ☒
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. ☐
Indicate
by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report. ☐
If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate
by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒
The
aggregate market value of the registrant’s common stock, $0.01 par value per share, held by non-affiliates of the registrant on
June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, was $ 2,631,295 (based on
the closing sales price of the registrant’s common stock on that date). Shares of the registrant’s common stock held by each
officer and director and each person who owns 10% or more of the outstanding common stock of the registrant have been excluded because
such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for
other purposes.
As
of April 15, 2026, 27,700,904 shares of the registrant’s common stock, $ 0.01 par value per share, were issued and outstanding.
DOCUMENTS
INCORPORATED BY REFERENCE
None .
Audit
Firm ID
Auditor
Name
Auditor
Location
274
EisnerAmper,
LLP
Philadelphia,
Pennsylvania
EXPLANATORY
NOTE
Interpace
Biosciences, Inc. (“ Interpace ,” the “ Company ,” “ we ”, “ us ”
or “ our ”) is filing this Amendment No. 1 to Form 10-K (this “ Amendment ”) to amend its Annual Report
on Form 10-K for the fiscal year ended December 31, 2025, which was originally filed with the Securities and Exchange Commission (the
“ SEC ”) on March 30, 2026 (the “ Original Filing ”).
We
are filing this Amendment solely for the purpose of including in Part III the information that was to be incorporated by reference from
the Company’s definitive proxy statement for its 2025 Annual Meeting of Stockholders because the Company’s definitive proxy
statement will not be filed with the SEC within 120 days after the end of the Company’s fiscal year ended December 31, 2025. This
Amendment amends and restates in its entirety Items 10, 11, 12, 13 and 14 of Part III and amends and restates in its entirety Part IV
of the Original Filing to include the prior exhibits and additional certifications required of the principal executive officer and principal
financial officer under Section 302 of the Sarbanes-Oxley Act of 2002. Because no financial statements are contained within this Amendment,
we are not including new certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Except
as described above, no other changes have been made to the Original Filing and the Original Filing continues to speak as of the date
of the Original Filing. Except as expressly set forth herein, this Amendment does not reflect events occurring after the date of the
Original Filing or modify or update any of the other disclosures contained therein in any way other than as required to reflect the amendments
discussed above. Accordingly, this Amendment should be read in conjunction with the Original Filing and the Company’s other filings
with the SEC.
2
TABLE
OF CONTENTS
PART III
4
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
4
ITEM 11. EXECUTIVE COMPENSATION
10
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
15
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
16
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
16
PART IV
17
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
17
3
PART
III
ITEM
10.
DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Board
of Directors
The
Company’s Board of Directors (the “ Board ”) currently consists of five members, divided into three classes with
two directors in Class I, one director in Class II and two directors in Class III. Directors serve for three-year terms with one class
of directors being elected by the Company’s stockholders at each annual meeting. The terms of our Class I directors, Dr. Aggarwal
and Mr. Sullivan, would have expired at the Company’s 2025 annual meeting. Because the Company did not hold a 2025 annual meeting,
Dr. Aggarwal and Mr. Sullivan are holdover directors and will serve until the Company’s 2026 annual meeting or until their successors
are earlier elected or qualified. The term of our Class II director, Mr. Rocca, will expire at the Company’s 2027 annual meeting.
The terms of our Class III directors, Mr. Burnell and Dr. Keegan, will expire at the Company’s 2026 annual meeting.
NAME
CLASS
AGE
PRINCIPAL
OCCUPATION OR EMPLOYMENT
Vijay
Aggarwal, Ph.D.
I
77
Member
of the Executive Committee of Broad Street Angels
Thomas
W. Burnell
III
64
President,
Chief Executive Officer and Chairman of the Board of Interpace Biosciences, Inc.
Joseph
Keegan, Ph.D.
III
72
Independent
Investor
Fortunato
Ron Rocca
II
64
Independent Investor
Stephen
J. Sullivan
I
79
Founder,
CRO Advisors LLC
The
biographies and qualifications of the members of the Board are set forth below. No director is related to any of our other directors,
executive officers or persons nominated or chosen by the Company to become a director or executive officer that would require disclosure
pursuant to Item 401(d) of Regulation S-K. Likewise, there are no family relationships between any director, executive officer or person
nominated or chosen by the Company to become a director or executive officer that would require disclosure pursuant to Item 401(d) of
Regulation S-K.
Vijay
Aggarwal, Class I Director . Dr. Vijay Aggarwal was designated as a director by Ampersand 2018 Limited Partnership (“ Ampersand ”),
a fund managed by Ampersand Capital Partners that is a major stockholder of the Company, as a holder of the Company’s Series B
Preferred Stock, and thereby appointed and elected as a director effective February 1, 2022. On October 11, 2024, Ampersand exchanged
its Series B Preferred Stock for Series C Preferred Stock pursuant to which it no longer has director designation rights. Dr. Aggarwal
serves as Chair of the Board’s Regulatory Compliance Committee (the “ Regulatory Compliance Committee ”), which
was formerly part of the Board’s Audit Committee (the “ Audit Committee ”) and was formed in January 2020, and
as a member of the Board’s Nominating and Corporate Governance Committee (the “ Nominating Committee ”) and Compensation
Committee (the “ Compensation Committee ”). Currently a member of the Executive Committee of Broad Street Angels and
a member of the advisory board of Slone Partners, Dr. Aggarwal is an active investor in early-stage medical technology companies. As
a Managing Partner of The Channel Group from 2009 to 2021, Dr. Aggarwal provided strategic advisory and capital formation services to
companies with operations or investments in the clinical diagnostics, molecular diagnostic and anatomic pathology sectors.
Dr. Aggarwal currently holds board positions at Allergenis, where he is a member of the Compensation Committee, and at Accugenomics,
Moleculera Labs, where he is chairman of the board, and Slone Partners. Previous board positions include Hycor Biomedical, Targeted Diagnostics
and Therapeutics and ViraCor IBT Laboratories. He earned a B.A. in Chemistry from Case Western Reserve University and a Ph.D. in Pharmacology
from the Medical College of Virginia.
4
Dr.
Aggarwal brings extensive leadership in clinical diagnostic services as well as institutional and individual investment experience which
has led the Board to conclude that Dr. Aggarwal is qualified to serve as a director of the Company.
Thomas
W. Burnell, Class III Director . Effective December 1, 2020, Mr. Burnell was named President, Chief Executive Officer and a director
of the Company. On February 1, 2024, he was named Chairman of the Board. Mr. Burnell has also served as an Operating Partner of 1315
Capital Partners, a private equity firm whose fund is a major stockholder of the Company, since October 2023. Mr. Burnell has served
as a member of the board of directors of miraDry, Inc. since January 2024 and as its Chairman since October 2024. He has also served
as Chairman of the Board of SciSafe Solutions, Inc. since November 2024 and as a member of the Board of Nu-Tek Biosciences, Inc. since
May 2024. From October 2019 until October 2024, he served as Chairman of the Board of Cardiovascular Clinic of Nebraska, a medical treatment
facility focused on diagnosis and treatment of cardiac and vascular disorders, and from October 15, 2019 until November 30, 2020, he
served as its President and Chief Executive Officer. From October 2, 2017 until November 29, 2017, he served as Chief Executive Officer
and a director of True Nature Holding, Inc., a public company now known as Mitesco, Inc. that focuses on development and acquisition
of innovative technologies. From July 16, 2016 until March 31, 2017, Mr. Burnell was the President of Boston Heart Diagnostics Corporation,
a diagnostics subsidiary of Eurofins Scientific, Inc. (“ Eurofins ”). From January 2014 to December 2016, Mr. Burnell
was an Operating Partner of Ampersand Capital Partners, a private equity firm and the manager of a private equity fund that is a major
stockholder of the Company, where he represented Ampersand Capital Partners’ investment in a dietary supplement manufacturer, Elite
One Source Nutrisciences, Inc., as its President and Chief Executive Officer. From October 2014 until May 2016, Mr. Burnell served as
Executive Chairman of Accuratus Lab Services, Inc., a provider of laboratory testing services, and from September 2012 until July 2014
he was President and Chief Executive Officer of Viracor-IBT Laboratories, Inc., a specialty testing laboratory with an emphasis on the
transplant market, during which time it was majority-owned by Ampersand Capital Partners prior to its sale to Eurofins. Mr. Burnell performed
the above-described services, except for his services to us, as the Co-Owner, General Partner and Chief Executive Officer of Milestone
Business Management, a consulting firm focused on strategic, financial and organizational performance of food, pharmaceutical and life
science companies.
Mr. Burnell holds
a Ph.D. in Nutrition from the University of Kentucky and a B.S. and M.S. in Animal Science and Nutrition, respectively, from the University
of Nebraska-Lincoln.
Mr.
Burnell has extensive leadership experience in the healthcare, biotechnology, laboratory sciences and manufacturing sectors, and is currently
the Company’s Chief Executive Officer and President, which has led the Board to conclude that Mr. Burnell is qualified to serve
as a director of the Company.
Joseph
Keegan, Class III Director . Joseph Keegan, Ph.D. was appointed to the Board effective January 1, 2016 and was subsequently appointed
Chair of our Audit Committee and our Nominating Committee and as a member of our Regulatory Compliance Committee. Dr. Keegan has more
than 30 years of experience in life science businesses.
Dr. Keegan is a member of the board of directors and nominating
and compensation committees of Bio-Techne Corporation (NASDAQ: TECH), a publicly held biotech company, and serves on the boards of directors
of three privately held companies: Halo Labs, Inc. (formerly known as Optofluidics, Inc.), where he is a member of the audit and compensation
committees, Carterra (formerly known as Wasatch Microfluidics, Inc.), where he is a member of the audit and compensation committees,
and Biolog, Inc. Dr. Keegan holds a B.A. in Chemistry from Boston University and a Ph.D. in Physical Chemistry from Stanford University.
Dr.
Keegan’s specific qualifications and skills in the areas of life science businesses, product development and sales strategies led
the Board to conclude that Dr. Keegan is qualified to serve as a director of the Company.
5
Fortunato
Ron Rocca, Class II Director . Ron Rocca was elected to the Board as a Class II director on January 22, 2020 following his
designation by 1315 Capital II, L.P. (“ 1315 Capital ”), a fund managed by 1315 Capital Partners that is a major
stockholder of the Company, as a holder of Series B Preferred Stock. Mr. Rocca was concurrently appointed to the Audit Committee and
Compensation Committee and was subsequently appointed to the Regulatory Compliance Committee. On October 11, 2024, 1315 Capital
exchanged its Series B Preferred Stock for Series C Preferred Stock pursuant to which it no longer has director designation rights.
Mr. Rocca has served as the President and Chief Executive Officer of Mindera Inc. from May 2023 until August 2025 and he currently
serves on the board of Circular Genomics, where he is also a member of the Audit Committee and the Compliance Committee. From
October 2011 through October 2022, Mr. Rocca served as President, Chief Executive Officer and Director of Exagen Inc. (NASDAQ: XGN),
a company dedicated to transforming the care continuum for patients suffering from debilitating and chronic autoimmune diseases.
Mr. Rocca received a B.S. in Marketing and Personnel Management from Towson State University. Mr.
Rocca’s extensive knowledge of our business, as well as his over 25 years of experience in the diagnostic and pharmaceutical
industries, as well as his extensive experience as an officer at public companies developing healthcare tests contributed to our
Board’s conclusion that he is qualified to serve as a director of our Company.
Stephen
J. Sullivan, Class I Director . Stephen J. Sullivan is currently a director and served as Chairman of the Board from June 21, 2016
until April 16, 2020. Mr. Sullivan served as Interim Chairman of the Board from January 1, 2016 to June 20, 2016. Mr. Sullivan joined
the Company as a director in September 2004 and has served as Chair of various committees of the Board. Mr. Sullivan currently serves
as Chair of the Compensation Committee and a member of the Audit Committee and Nominating Committee. In early 2010, Mr. Sullivan founded
CRO Advisors LLC, a specialty consulting firm he continues to head.
Mr.
Sullivan has extensive experience as a director. In 2019, Mr. Sullivan became a director of The Emmes Company, LLC, a clinical research
collaborator within the contract research organization industry. In July 2022, The Emmes Company LLC was sold to New Mountain Capital,
at which time Mr. Sullivan resigned from the board. Since April 2018, Mr. Sullivan has been a member of the board of Transnetyx, Inc.,
a privately held genotyping company.
Mr.
Sullivan graduated from the University of Dayton with a B.S. in Political Science, was a commissioned officer in the Marine Corps, and
completed his M.B.A. in Marketing and Finance at Rutgers University in 1976. Mr. Sullivan is currently an adjunct Professor of Management
at Georgetown University.
6
Mr.
Sullivan has held senior leadership positions in companies in the life sciences and healthcare services industries. His specific qualifications
and skills in the areas of general operations, financial operations and administration and mergers and acquisitions led the Board to
conclude that Mr. Sullivan is qualified to serve as a director of the Company.
Executive
Officers
The
following table sets forth the names, ages and principal positions of our executive officers as of the date of this Amendment:
Name
Age
Position
Thomas
W. Burnell
64
President,
Chief Executive Officer and Chairman of the Board
Christopher
McCarthy
34
Chief
Financial Officer and Chief Operating Officer
Thomas
W. Burnell . The principal occupation and business experience for at least the last five years for Mr. Burnell is discussed in this
Amendment under the heading “Board of Directors” in this Item 10.
There
are no arrangements or understandings between Mr. Burnell and any other persons pursuant to which he was selected as an officer. In addition,
there is no family relationship between Mr. Burnell and any director, executive officer or person nominated or chosen by the Company
to become a director or executive officer that would require disclosure pursuant to Item 401(d) of Regulation S-K. There is no related
party transaction as of the date hereof between Mr. Burnell and the Company that would require disclosure under Item 404(a) of Regulation
S-K.
Christopher
McCarthy . On July 24, 2023, Christopher McCarthy was appointed as the Chief Financial Officer of the Company and was appointed as
the Chief Operating Officer of the Company in December 2024. Mr. McCarthy has served as the Company’s
Principal Financial Officer since April 2023. Prior to serving as the Company’s Chief Financial Officer, Mr. McCarthy served as
the Company’s Vice President of Finance and Enterprise Systems from August 2022 to July 2023, Senior Director of Operations Finance
from August 2020 to August 2022 and Senior Financial Analyst from June 2019 to August 2020. Prior to joining the Company, Mr. McCarthy
served as a Senior Financial Systems Analyst at Simon & Schuster, Inc. from January 2016 to June 2019.
Except
as described above, Mr. McCarthy has served in no other Company positions and there is no arrangement or understanding between Mr. McCarthy
and any other person pursuant to which he was selected to serve as Chief Financial Officer or Chief Operating Officer. Mr. McCarthy has
no family relationship with any director or executive officer or person nominated or chosen by the Company to become a director or executive
officer of the Company. There are no related party transactions as of the date hereof between Mr. McCarthy and the Company that would
require disclosure under Item 404(a) of Regulation S-K.
Governance
of the Company
Corporate
Governance; Code of Business Conduct; Insider Trading Policy
Our
Board has adopted a written Code of Business Conduct that applies to our directors, officers, employees, consultants and other representatives,
as well as Guidelines on Corporate Governance applicable specifically to our Board. You can find links to these documents in the “Investors-Investor
Relations-Corporate Governance-Governance Documents” section of our website page at www.interpace.com. The content contained in,
or that can be accessed through, our website is not incorporated into this Amendment or the Original Filing. Disclosure regarding any
amendments to, or any waivers from, a provision of our Code of Business Conduct that applies to one or more of our directors, our principal
executive officer, our principal financial or our principal accounting officer will be included in a Current Report on Form 8-K within
four business days following the date of the amendment or waiver, or posted on our website at www.interpace.com.
7
Our
Insider Trading Policy, adopted in March 2025, expressly prohibits our, and our direct and indirect subsidiaries’, employees, directors,
officers and designated contractors and consultants, who know or have access to material information regarding the Company that has not
been fully disclosed to the public from: (i) trading in Company securities or engaging in transactions in securities of another company
with which the Company conducts business, such as a customer, partner, distributor or supplier, if they are in possession of or otherwise
aware of material information relating to such other company obtained in course of employment with, or services performed on behalf of,
the Company; (ii) pledging Company securities as collateral for a loan; (iii) engaging in hedging or monetization transactions with respect
to Company securities, including through the use of financial instruments such as prepaid variable forwards, equity swaps, collars and
exchange funds; and (iv) trading in derivative securities related to Company securities, which includes publicly traded call and put
options. Our Insider Trading Policy also provides that the Company will not effect transactions in respect of its securities, or adopt
any securities repurchase plans, when it is in possession of material nonpublic information concerning the Company, other than in compliance
with applicable law.
Audit
Committee
The
Audit Committee is currently comprised of Dr. Keegan (Chair), Mr. Sullivan and Mr. Rocca. The primary purposes of our Audit Committee
are to assist the Board in fulfilling its legal and fiduciary obligations with respect to matters involving the accounting, auditing,
financial reporting, internal control, legal compliance and risk management functions of the Company, including, without limitation,
assisting the Board’s oversight of: (i) the integrity of our financial statements; (ii) the effectiveness of our internal control
over financial reporting; (iii) our compliance with legal and regulatory requirements; (iv) the qualifications and independence of our
independent registered public accounting firm; (v) the selection, retention and termination of our independent registered public accounting
firm; and (vi) the performance of our internal audit function and independent registered public accounting firm. The Audit Committee
is also responsible for preparing the report of the Audit Committee required by the rules and regulations of the SEC for inclusion in
our annual proxy statement.
Our
Board has determined that each member of our Audit Committee is independent within the meaning of the rules of The Nasdaq Stock Market
LLC (the “ Nasdaq Rules ”), although such rules are not applicable to OTCID quoted companies, and as required by the
Audit Committee charter. Our Board has determined that the Chair of the Audit Committee, Dr. Keegan, is an “audit committee financial
expert,” as that term is defined in Item 407(d) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the “ Exchange
Act ”).
Our
Audit Committee charter is posted and can be viewed in the “Investors-Investor Relations-Corporate Governance-Governance Documents”
section of our website at www.interpace.com.
Compensation
Committee
The
Compensation Committee is currently comprised of Mr. Sullivan (Chair), Dr. Aggarwal and Mr. Rocca. Each member of our Compensation Committee
is “independent” within the meaning of the Nasdaq Rules, although such rules are not applicable to OTCID quoted companies,
and as required by the Compensation Committee charter. The primary purposes of our Compensation Committee are: (i) to establish and maintain
our executive compensation policies consistent with corporate objectives and stockholder interests; (ii) to oversee the competency and
qualifications of our senior management personnel and the provisions of senior management succession planning; and (iii) to advise the
Board with respect to director compensation issues. The Compensation Committee also administers our equity compensation plans. The Compensation
Committee may form subcommittees for any purpose that they deem appropriate and may delegate to such subcommittees such power and authority
as they deem appropriate, provided that the subcommittee consists of at least two members and provided further that the Compensation
Committee must not delegate any power or authority required by any law, regulation or listing standards to be exercised by the Compensation
Committee as a whole.
Our
Compensation Committee charter is posted and can be viewed in the “Investors-Investor Relations-Corporate Governance-Governance
Documents” section of our website at www.interpace.com.
8
Nominating
Committee
The
Nominating Committee is currently comprised of Dr. Keegan (Chair), Dr. Aggarwal and Mr. Sullivan. Each member of our Nominating Committee
is “independent” within the meaning of the Nasdaq Rules, although such rules are not applicable to OTCID quoted companies,
and as required by the Nominating Committee charter. The primary purposes of the Nominating Committee are: (i) to recommend to the Board
the nomination of individuals who are qualified to serve as our directors and on committees of the Board; (ii) to advise the Board with
respect to the composition, size, structure and procedures of the Board; (iii) to advise the Board with respect to the composition, size
and membership of the Board’s committees; (iv) to advise the Board with respect to corporate governance principles applicable to
the Company; (v) to develop and maintain the Company’s corporate governance guidelines; (vi) to oversee the evaluation of the Board
as a whole and the evaluation of its individual members standing for re-election; and (vii) to advise the Board with respect to any other
matters required by federal securities laws. The Nominating Committee also has responsibility for reviewing and approving all transactions
that are “related party” transactions under SEC rules, unless the Board empowers a special committee.
The
Nominating Committee does not set specific, minimum qualifications that nominees for director must meet in order for the Nominating Committee
to recommend them to the Board, but rather believes that each nominee should be evaluated based on his or her individual merits, taking
into account our needs and the composition of the Board. Members of the Nominating Committee discuss and evaluate possible candidates
in detail, and suggest individuals to explore in more depth. Once a candidate is identified whom the Nominating Committee wants to seriously
consider and move toward nomination, the chair of the Nominating Committee enters into a discussion with that nominee candidate. Subsequently,
the chair will discuss the qualifications of the candidate with the other members of the Nominating Committee, and the Nominating Committee
will then make a final recommendation with respect to that candidate to the Board.
The
Nominating Committee considers many factors when determining the eligibility of candidates for nomination as directors. The Nominating
Committee does not have a diversity policy; however, its goal is to nominate candidates from a broad range of experiences and backgrounds
who can contribute to the Board’s deliberations by reflecting a range of perspectives, thereby increasing its overall effectiveness.
In identifying and recommending nominees for positions on the Board, the Nominating Committee places primary emphasis on: (i) a candidate’s
judgment, character, expertise, skills and knowledge useful to the oversight of our business; (ii) a candidate’s business or other
relevant experience; and (iii) the extent to which the interplay of the candidate’s expertise, skills, knowledge and experience
with that of other members of the Board will build a Board that is effective, collegial and responsive to our needs.
The
Nominating Committee will consider nominees recommended by stockholders, based on the same criteria described above, provided such nominations
comply with the applicable provisions of our Certificate of Incorporation, Bylaws and the procedures to be followed in submitting proposals.
No material changes have been implemented to the procedures by which stockholders may recommend nominees to our Board since we filed
Amendment No. 1 to our Annual Report on Form 10-K for the year ended December 31, 2024 on April 28, 2025.
In
addition, in connection with the Exchange Agreement dated October 10, 2024, pursuant to which Ampersand and 1315 Capital exchanged their
Series B Preferred Stock for Series C Preferred Stock, Ampersand and 1315 Capital no longer have the right to designate any directors.
Previously and for so long as each of Ampersand and 1315 Capital held at least sixty percent (60%) of the Series B Preferred Stock issued
to it on January 15, 2020, each was entitled to elect two directors to the Board, provided that one of the directors qualified as an
“independent director” under Rule 5605(a)(2) of the listing rules of the Nasdaq Stock Market (or any successor rule or similar
rule promulgated by another exchange on which the Company’s securities were then listed or designated). Ampersand and 1315 Capital
had designated each of Dr. Aggarwal and Mr. Rocca, respectively, as directors of the Company, each of whom continues to serve as a director.
Our
Nominating Committee charter is posted and can be viewed in the “Investors-Investor Relations-Corporate Governance-Governance Documents”
section of our website at www.interpace.com.
9
Regulatory
Compliance Committee
The
Regulatory Compliance Committee is currently comprised of Dr. Aggarwal (Chair), Dr. Keegan and Mr. Rocca. Each member of the Regulatory
Compliance Committee is “independent” within the meaning of the Nasdaq Rules, although such rules are not applicable to OTCID
quoted companies, and as required by the Regulatory Compliance Committee charter. The primary purposes of our Regulatory Compliance Committee
are to assist the Board in carrying out its oversight responsibility with respect to the regulatory framework of laws and regulations
with respect to our operations and our compliance with high quality, ethical and legal standards and to be compliant with applicable
operational, health, safety, quality and regulatory requirements and best practices. Specifically, the Regulatory Compliance Committee
assists the Board with respect to compliance with the operation of clinical laboratories and the provision of laboratory services and
related customer billing and Medicare reimbursement.
The
Regulatory Compliance Committee also reviews and discusses with relevant management the implementation and effectiveness of regulatory
risk management programs in the areas of supply chain, environmental regulations, employee health and safety, privacy, cybersecurity,
regulatory and political expenditures and lobbying activities.
Our
Regulatory Compliance Committee charter is posted and can be viewed in the “ Investors-Investor
Relations-Corporate Governance-Governance Documents ” section of our website at www.interpace.com.
Involvement
in Certain Legal Proceedings
To
the best of our knowledge, none of our directors or executive officers has been involved in any material legal proceeding during the
past ten years.
ITEM
11.
EXECUTIVE
COMPENSATION
This
section provides an overview of our executive compensation programs, including a narrative description of the material factors necessary
to understand the information disclosed in the summary compensation table below.
For
the year ended December 31, 2025, our named executive officers (“ NEOs ”) were the following individuals:
●
Thomas W. Burnell, Chief Executive Officer, President and Chairman of the Board
●
Christopher McCarthy, Chief Financial Officer and Chief Operating Officer
10
Summary
Compensat i on Table
The
following table sets forth certain information concerning compensation earned by our NEOs for fiscal years 2025 and 2024.
SUMMARY COMPENSATION TABLE FOR 2025 AND 2024
Name and Principal Position
Year
Salary ($)
Non-Equity Incentive Compensation ($) (1)
Stock Awards ($) (2)
All Other Compensation ($) (4)
Total ($)
Thomas W. Burnell
CEO, President and
Chairman of the Board
2025
460,625
230,312
-
17,255
708,192
2024
456,458
230,312
-
17,022
703,792
Christopher McCarthy
CFO
and COO (3)
2025
325,000
130,000
-
13,265
468,265
2024
274,583
110,000
38,750
11,200
434,533
(1)
The
amount set forth in this column represents the annual cash incentive bonus earned by the NEO for the applicable fiscal year performance.
(2)
The
dollar amounts set forth in this column for Mr. McCarthy represent the aggregate grant date fair value computed in accordance with
FASB ASC Topic 718. For purposes of computing such amounts, we disregarded estimates of forfeitures related to service-based vesting
conditions. For additional information regarding our valuation assumptions, please refer to Note 13 – “Stock-Based Compensation”
to our consolidated financial statements included in our Original Filing.
(3)
Was
appointed chief operating officer in December 2024.
(4)
For
the NEOs, this column includes the following amounts:
401(k) Company Match ($)
Term
Life/Disability Insurance Payment ($)
Other ($)
Total ($)
Thomas W. Burnell
14,000
3,255
-
17,255
Christopher McCarthy
13,000
265
-
13,265
Narrative
Disclosure to Summary Compensation Table
The
following narrative discusses the base salaries, annual cash incentives, long-term equity incentives, and perquisites of the Company
with respect to Messrs. Burnell and McCarthy.
Base
Salaries
Initially,
each NEO’s base salary is generally set according to the NEO’s employment agreement with the Company and thereafter may
be adjusted based on the NEO’s performance. Each year, the Compensation Committee reviews each NEO’s base salary level
and determines whether any change to such level is necessary and adjustments may be based on factors such as new roles and/or
responsibilities assumed by the NEO and the NEO’s impact on our strategic goals and financial performance.
Tom
Burnell. For fiscal year 2025, Mr. Burnell’s annual base salary was at the rate of $460,625. For fiscal year 2024, Mr. Burnell’s
annual base salary initially was at the rate of $435,625, until being increased on March 1, 2024 to $460,625.
Christopher
McCarthy. For fiscal year 2025, Mr. McCarthy’s annual base salary was at the rate of $325,000. For fiscal year 2024, Mr. McCarthy’s
annual base salary initially was at the rate of $220,000, until being increased on February 1, 2024 to the rate of $275,000, and then
again on December 1, 2024 to the rate of $325,000.
11
Annual
Cash Incentives
The
annual cash incentive program provides our NEOs with an opportunity to receive a cash award at the discretion of the Compensation Committee
(and the full Board, in the case of the Chief Executive Officer). Annual cash incentive targets and performance metrics are usually determined
by the Compensation Committee during the first quarter of each fiscal year, based on competitive market data generally available to the
Compensation Committee as well as consideration based upon the financial condition of the Company, including revenue and adjusted EBITDA.
Equity
Incentives
Our
executives are also eligible to receive awards under our equity incentive program, which is currently administered under the Company’s
2019 Equity Incentive Plan (the “ 2019 EIP ”). The equity incentive component of our compensation program is used to
promote alignment with stockholders. The Compensation Committee believes that stock-based compensation enhances our ability to attract
and retain high quality talent, provides motivation to improve our financial performance, and increase stockholder value.
In
2024, Mr. McCarthy was granted 10,000 restricted stock units (“ RSUs ”) in February and 25,000 RSUs in July, both of
which vested immediately on the date of grant.
Perquisites
As
a matter of practice, we provide only limited perquisites to NEOs, and the value of such perquisites provided during fiscal years 2025
and 2024 are set forth in footnote 4 to the Summary Compensation Table. Otherwise, NEOs are eligible for the standard benefits and programs
generally available to all of our employees.
Qualified
Plan
The
Company maintains a tax-qualified savings plan under Section 401(k) of the Internal Revenue Code of 1986, as amended from time to time
(the “ Code ”). Employees who participate in the plan may make elective deferrals to the plan, subject to the limitations
imposed by the Code. In addition, the Company currently offers a safe harbor matching contribution equal to 100% of the first 3% of an
employee’s contributed base salary plus 50% of the employee’s base salary contributed in excess of the first 3% but not more
than 5% of an employee’s contributed base salary.
Employment
Agreements and Severance Arrangements
Tom
Burnell
On
December 1, 2020, the Company appointed Mr. Burnell as Chief Executive Officer and President and entered into an employment agreement
with Mr. Burnell (the “ Burnell Employment Agreement ”). Under the Burnell Employment Agreement, Mr. Burnell is to receive
an annual base salary of at least $425,000, a target annual bonus opportunity of up to 50% of such base salary, certain other benefits
such as housing (although no such housing benefit has been provided to Mr. Burnell to date) and participation in the benefit plans and
programs maintained by the Company.
In
the event that Mr. Burnell’s employment is terminated by the Company without Cause or by Mr. Burnell for Good Reason (in each case,
as defined in the Burnell Employment Agreement), then subject to, among other things, Mr. Burnell’s execution and non-revocation
of a release agreement in favor of the Company, Mr. Burnell would be entitled to: (i) salary continuation payments for a period of twelve (12) months; (ii) all outstanding equity awards that were scheduled to vest during the twenty-four (24) month period
following the termination date, but for the termination, would become fully vested and exercisable (including any such awards that vest
in whole or in part based on the attainment of performance-vesting conditions that would be deemed achieved at the target level of the
applicable award agreement); and (iii) continuation of health and welfare benefits for the salary continuation period.
12
Christopher
McCarthy
On
July 24, 2023, the Company appointed Mr. McCarthy as Chief Financial Officer and entered into an employment agreement with Mr. McCarthy
(the “ McCarthy Employment Agreement ”). Mr. McCarthy was appointed Chief Operating Officer in December 2024. Under
the McCarthy Employment Agreement, Mr. McCarthy is to receive an annual base salary of at least $220,000, a target annual bonus opportunity
of up to 40% of such base salary, and participation in the benefit plans and programs maintained by the Company. Mr. McCarthy’s
annual base salary was increased on February 1, 2024 to the rate of $275,000, and then again on December 1, 2024 to the rate of $325,000.
In
the event that Mr. McCarthy’s employment is terminated by the Company without Cause or by Mr. McCarthy for Good Reason (in each
case, as defined in the McCarthy Employment Agreement), then subject to, among other things, Mr. McCarthy’s execution and non-revocation
of a release agreement in favor of the Company, Mr. McCarthy would be entitled to salary continuation payments for a period of six (6)
months and the continuation of health and welfare benefits for the duration of the six (6) month period.
Confidential
Information, Non-Disclosure, Non-Solicitation, Non-Compete and Rights to Intellectual Property Agreement (“Restrictive Covenants
Agreement”)
Each
of Messrs. McCarthy and Burnell also entered into a Restrictive Covenants Agreement with the Company that includes customary provisions
regarding confidentiality and non-disclosure, customary non-competition and non-solicitation provisions that extend for up to one (1)
year following termination of employment, and a customary invention assignment regarding ownership of intellectual property. The payment
of any severance benefits under each executive’s employment agreement and/or severance agreement is conditioned on continued compliance
with his respective Restrictive Covenants Agreement.
Treatment
of Outstanding Equity on a Change in Control
The
2019 EIP provides that in the event of a change in control, the Compensation Committee may take certain actions in its sole and absolute
discretion with respect to awards granted, but there is no automatic vesting provision.
Outstanding
Equity Awards as of December 31, 2025
The
following table provides information concerning the number and value of unexercised stock options and RSUs for the NEOs outstanding as
of December 31, 2025:
OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2025
Option Awards
Equity Incentive
Plan Awards
Stock Awards
Name
Number of Securities Underlying Unexercised Options (#) Exercisable
Number of Securities Underlying Unexercised Options (#) Unexercisable
Option Exercise Price ($)
Option Expiration Date
Number of Performance RSUs that have not Vested (#)
Number of Shares/RSUs that have not Vested (#)
Market Value of Shares/RSUs that have not Vested ($)(1)
Thomas W. Burnell
-
-
-
125,000 (2)
-
153,750
Christopher McCarthy
2,500 (3)
-
6.00
3/10/2031
-
-
-
(1)
The
market value is based on the closing price of $1.23 per share on December 31, 2025, the last day of trading in 2025.
(2)
Consists
of 125,000 performance based RSUs which will be eligible to vest on the day immediately following a 30-calendar day period in which,
for each trading day of such period, a share of Common Stock has a closing per share price of at least $11.34.
(3)
Consists
of 2,500 fully vested stock options.
13
Policies
and Practices for Granting Certain Equity Awards
We
do not schedule equity award grants in anticipation of the release of material nonpublic information, nor do we time the release of material
nonpublic information based on equity grant dates.
Director
Compensation for 2025
The
following table presents information relating to total compensation for our non-employee directors for fiscal year 2025. Mr. Burnell,
our Chief Executive Officer, does not receive compensation for his services on the Board. Information regarding the compensation of Mr.
Burnell can be found above, under the heading “Narrative Disclosure to Summary Compensation Table.”
DIRECTOR COMPENSATION IN 2025
Name
Fees earned or
paid in cash ($)
Option
awards ($) (1)
Total ($)
Vijay Aggarwal
50,000
-
50,000
Joseph Keegan
50,000
-
50,000
Fortunato Ron Rocca
47,500
-
47,500
Stephen J. Sullivan
50,000
-
50,000
(1)
The
aggregate number of option awards held by the non-employee directors as of December 31, 2025 are as follows which are fully vested: Dr. Aggarwal –
28,000; Dr. Keegan – 32,920; Mr. Rocca – 28,000; and Mr. Sullivan – 33,820.
Director
Compensation
The
Compensation Committee is responsible for reviewing and making recommendations to the Board regarding all matters pertaining to compensation
paid to directors for Board and committee chair services. As noted above for Mr. Burnell, directors who also serve as employees of the
Company do not receive payment for services as directors. The current compensation program for non-employee directors has been in effect
since April 29, 2020, when it was approved by Board resolution, and is described further below.
Cash
Compensation Policy
In
2025, each of our non-employee directors received an annual director’s fee of $40,000, payable quarterly in arrears. Additionally,
any non-employee director serving as Chair of a Board Committee received an annual fee of $10,000 (regardless of the number of Committees
chaired).
From
time to time, the Board may form special committees to address discrete issues and the non-employee directors sitting on such special
committees may receive additional compensation. In addition, our non-employee directors are entitled to reimbursement for travel and
related expenses incurred in connection with attendance at Board and committee meetings.
Equity
Compensation Policy
Commencing
in 2020, each new appointee to the Board receives a grant of 28,000 stock options which vest in equal annual installments over a three-year
period. Director equity compensation is reviewed on a regular basis with the assistance of compensation consultants from time to time.
14
ITEM
12.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The
following table shows, as of April 15, 2026, the number of shares of our Common Stock beneficially owned by: (i) each stockholder who
is known by us to beneficially own in excess of 5% of our outstanding Common Stock; (ii) each of our current directors; (iii) each of
our current named executive officers; and (iv) all current directors and executive officers as a group.
Except
as otherwise indicated, the persons listed below have sole voting and investment power with respect to all shares of Common Stock owned
by them and all information with respect to beneficial ownership has been furnished to us by the respective stockholder. Except as otherwise
indicated, the address of each of the persons listed below is c/o Interpace Biosciences, Inc., Waterview Plaza, Suite 310, 2001 Route
46, Parsippany, New Jersey 07054. The percentage of beneficial ownership is based on 27,700,904 shares of Common Stock outstanding on
April 15, 2026.
Name of Beneficial Owner
Number of Shares Beneficially Owned (1)
Percent of Shares Outstanding
5% Holders:
Ampersand 2018 Limited Partnership (2)
13,861,386 (3)
50.0 %
1315 Capital II, L.P. (4)
9,405,941 (5)
34.0 %
Executive officers and directors:
Thomas W. Burnell (6)
81,737 (9)
*
Christopher McCarthy (7)
49,291 (10)
*
Vijay Aggarwal (8)
28,000 (11)
*
Joseph Keegan (8)
34,677 (12)
*
Fortunato Ron Rocca (8)
28,000 (11)
*
Stephen J. Sullivan (8)
36,279 (13)
*
All executive officers and directors as a group (6 persons)
257,984 (9)(10)(11)(12)(13)
*
*
Represents
beneficial ownership of less than 1% of our outstanding Common Stock
(1)
Beneficial
ownership and percentage ownership are determined in accordance with the rules and regulations of the SEC and include voting or investment
power with respect to shares of stock. This information does not necessarily indicate beneficial ownership for any other purpose.
In computing the number of shares beneficially owned by a person and the percentage ownership of that person, we include shares underlying
common stock derivatives, such as stock options and RSUs that a person has the right to acquire within 60 days of April 15, 2026.
Such shares, however, are not deemed outstanding for the purpose of computing the percentage ownership of any other person.
(2)
The
reported address of Ampersand is One Post Office Square, Suite 2900, Boston, MA 02109.
(3)
This
information is based solely on a Form 4 filed with the SEC on February 4, 2026 by Ampersand. Ampersand reported ownership of 13,861,386
shares of Common Stock.
(4)
The
reported address of 1315 Capital is 3025 John F Kennedy Boulevard, Suite 730, Philadelphia, PA 19104.
(5)
This
information is based solely on a Form 4 filed with the SEC on February 17, 2026 by 1315 Capital. 1315 Capital reported ownership
of 9,405,941 shares of Common Stock.
(6)
Currently
serves as our President and Chief Executive Officer and as Chairman of the Board.
(7)
Currently
serves as our Chief Financial Officer and Chief Operating Officer.
(8)
Currently
serves as a member of the Board.
(9)
Includes
10,855 shares owned by Mr. Burnell’s spouse. Mr. Burnell disclaims beneficial ownership of these shares.
(10)
Includes
2,500 shares issuable pursuant to stock options exercisable within 60 days of April 15, 2026.
(11)
Includes
28,000 shares issuable pursuant to stock options exercisable within 60 days of April 15, 2026.
(12)
Includes
32,920 shares issuable pursuant to stock options exercisable within 60 days of April 15, 2026.
(13)
Includes
33,820 shares issuable pursuant to stock options exercisable within 60 days of April 15, 2026.
15
Equity
Compensation Plan Information
The
table below sets forth certain information with respect to all of our equity compensation plans as of December 31, 2025, and does not
reflect grants, awards, exercises, terminations or expirations since that date.
Equity Compensation Plan Information
Year Ended December 31, 2025
Plan Category
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights (a)
Weighted-average exercise
price of outstanding
options, warrants and
rights (b)
Number of securities remaining
available for future issuance
under equity compensation plans
(excluding securities reflected in
column (a)) (c)
Equity compensation plan approved by security holders (2019 Equity Compensation Plan and Restated 2004 Stock Award and Incentive Plan)
396,222
$ 7.30
1,851,870
Equity compensation plan not approved by security holders
-
-
-
Total
396,222
$ 7.30
1,851,870
ITEM
13.
CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Certain
Relationships and Related Transactions
We
are required to disclose transactions since January 1, 2024, to which we have been a party, in which the amount involved in the transaction
exceeds the lesser of $120,000 or one percent of the average of our total assets as of December 31, 2024 and December 31, 2025, respectively,
and in which any of our directors, executive officers or, to our knowledge, beneficial owners of more than 5% of our capital stock or
an affiliate or immediate family member thereof had or will have a direct or indirect material interest, other than employment, compensation,
termination and change in control arrangements with our named executive officers. We have not entered into any such transactions since
January 1, 2024.
Director
Independence
The
Board determined that all of the members of the current Board, except Mr. Burnell, are independent directors within the meaning of the
applicable rules and regulations of the SEC and the definition of “Independent Director” under the Nasdaq Rules, which is
the definition the Company uses in determining independence of directors and committee members, although the Nasdaq Rules are not applicable
to companies quoted on the OTCID. There were no transactions between any independent director and the Company for the Board’s consideration
in determining the independence of any independent director.
ITEM
14.
PRINCIPAL
ACCOUNTING FEES AND SERVICES
EisnerAmper
LLP (“ EisnerAmper ”), an independent registered public accounting firm, has served as our independent accountants since
April 13, 2022. Fees for services provided by EisnerAmper for the past two completed years ended December 31 were as follows:
PRINCIPAL ACCOUNTANT FEES AND SERVICES
2025
2024
Audit Fees (1)
$ 320,250
$ 368,550
Audit-Related Fees
-
-
Tax Fees
-
-
All Other Fees
-
-
Total Fees
$ 320,250
$ 368,550
(1)
Audit
fees include the audit of our consolidated financial statements.
16
Policy
on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services
Under
its charter, the Audit Committee must pre-approve all engagements of our independent registered public accounting firm unless an exception
to such pre-approval exists under the Exchange Act or the rules of the SEC. Each year, the independent registered public accounting firm’s
retention to audit our financial statements and permissible non-audit services, including the associated fees, is approved by the Audit
Committee. At the beginning of each fiscal year, the Audit Committee evaluates other known potential engagements of the independent registered
public accounting firm, in light of the scope of the work proposed to be performed and the proposed fees, and approves or rejects each
service, taking into account whether the services are permissible under applicable law and the possible impact of each non-audit service
on the independent registered public accounting firm’s independence. At subsequent Audit Committee meetings, the Audit Committee
receives updates on the services actually provided by the independent registered public accounting firm, and management may present additional
services for approval. Typically, these would be services, such as due diligence for an acquisition, that were not known at the beginning
of the year. The Audit Committee has delegated to the Chair of the Audit Committee the authority to evaluate and approve engagements
on behalf of the Audit Committee in the event that a need arises for pre-approval between committee meetings. If the Chair so approves
any such engagements, he will report that approval to the full Audit Committee at the next Audit Committee meeting. All of the services
and corresponding fees described above were approved by the Audit Committee.
PART
IV
ITEM
15.
EXHIBITS,
FINANCIAL STATEMENT SCHEDULES
The
following documents are filed as part of, or incorporated by reference into, this report:
Exhibits
Exhibit
No.
Description
2.1
Asset
Purchase Agreement, dated August 13, 2014, by and between Interpace Diagnostics, LLC and Asuragen, Inc., incorporated by reference
to Exhibit 2.2 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, filed with the SEC
on November 5, 2014.
2.2
Asset
Purchase Agreement, dated August 31, 2022 by and among Interpace Biosciences, Inc., Interpace Pharma Solutions, Inc. and Flagship
Biosciences, Inc., incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed with the SEC
on September 7, 2022.
3.1
Conformed
version of Certificate of Incorporation of Interpace Biosciences, Inc., as amended most recently by the Certificate of Designation
of Preferences, Rights and Limitations of Series C Convertible Preferred Stock, effective October 11, 2024, incorporated by reference
to Exhibit 3.1 of the Company’s Quarterly Report on Form 10-Q, filed with the SEC on November 8, 2024.
3.2
Amended
and Restated Bylaws of Interpace Biosciences, Inc., incorporated by reference to Exhibit 3.2 of the Company’s Current Report
on Form 8-K, filed with the SEC on November 14, 2019.
4.1
Description
of Securities, incorporated by reference to Exhibit 4.1 of the Company’s Annual Report on Form 10-K, filed with the SEC on
April 1, 2021.
4.2
Specimen
Certificate Representing the Common Stock, incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement
on Form S-3 (File No. 333-227728), filed with the SEC on October 5, 2018.
10.1*
Amended
and Restated 2004 Stock Award and Incentive Plan, incorporated by reference to Annex A of the Company’s definitive proxy statement,
filed with the SEC on August 14, 2017.
10.2*
Form
of Restricted Stock Unit Agreement for Employees, incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report
on Form 10-Q for the quarter ended March 31, 2018, filed with the SEC on May 15, 2018.
10.3*
Form
of Restricted Stock Unit Agreement for Directors, incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report
on Form 10-Q for the quarter ended March 31, 2018, filed with the SEC on May 15, 2018.
10.4*
Form
of Non-Qualified Stock Option Agreement, incorporated by reference to Exhibit 10.3 of the Company’s Quarterly Report on Form
10-Q for the quarter ended March 31, 2018, filed with the SEC on May 15, 2018.
10.5*
Form
of Incentive Stock Option Agreement, incorporated by reference to Exhibit 10.4 of the Company’s Quarterly Report on Form 10-Q
for the quarter ended March 31, 2018, filed with the SEC on May 15, 2018.
10.6*
Interpace
Diagnostics Group, Inc. 2019 Equity Incentive Plan, incorporated by reference to Exhibit 4.1 of the Company’s quarterly report
on Form 10-Q for the quarter ended September 30, 2019, filed with the SEC on November 14, 2019.
10.7*
Amendment
to the Interpace Biosciences, Inc. 2019 Equity Incentive Plan, incorporated by reference to Exhibit 10.8 of the Company’s quarterly
report on Form 10-Q for the quarter ended March 31, 2020, filed with the SEC on June 26, 2020.
17
Exhibit
No.
Description
10.8*
Form
of Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement under the 2019 Equity Incentive Plan, incorporated by reference
to Exhibit 4.3 of the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2019, filed with the SEC
on November 14, 2019.
10.9*
Form
of Interpace Biosciences, Inc. 2019 Equity Incentive Plan Restricted Stock Unit And Restricted Stock Unit Agreement, incorporated
by reference to Exhibit 10.9 of the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2020, filed with
the SEC on June 26, 2020.
10.10*
Form
of Stock Option Grant Notice and Stock Option Agreement under the 2019 Equity Incentive Plan, incorporated by reference to Exhibit
4.4 of the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2019, filed with the SEC on November
14, 2019.
10.11*
Interpace
Diagnostics Group, Inc. Employee Stock Purchase Plan, incorporated by reference to Exhibit 4.2 of the Company’s quarterly report
on Form 10-Q for the quarter ended September 30, 2019, filed with the SEC on November 14, 2019.
10.12*
Incentive
Stock Option Agreement between Interpace Diagnostics Group, Inc. and Jack E. Stover, incorporated by reference to Exhibit 10.1 of
the Company’s Current Report on Form 8-K, filed with the SEC on October 20, 2016.
10.13*
Employment
Agreement, dated November 23, 2020, between Thomas W. Burnell and Interpace Biosciences, Inc., incorporated by reference to Exhibit
10.1 of the Company’s Current Report on Form 8-K, filed with the SEC on November 25, 2020.
10.14*
Employment
Agreement, dated July 24, 2023, between Christopher McCarthy and Interpace Biosciences, Inc., incorporated by reference to Exhibit
10.1 of the Company’s Current Report on Form 8-K, filed with the SEC on August 2, 2023.
10.15*
Form
of Indemnification Agreement by and between Interpace Diagnostics Group, Inc. and its directors and executive officers, incorporated
by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K, filed with the SEC on August 8, 2016.
10.16*
Form
of Indemnification Agreement by and between Interpace Biosciences, Inc. and Indemnitee, incorporated by reference to Exhibit 10.2
of the Company’s Current Report on Form 8-K, filed with the SEC on January 17, 2020.
10.17*
Agreement,
dated January 21, 2022, between Dr. Vijay Aggarwal and Interpace Biosciences, Inc., incorporated by reference to Exhibit 10.1 of
the Company’s Current Report on Form 8-K, filed with the SEC on January 27, 2022.
10.18
License
Agreement, dated August 13, 2014, by and between Interpace Diagnostics, LLC and Asuragen, Inc., incorporated by reference to Exhibit
10.31 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, filed with the SEC on November
5, 2014.
10.19
CPRIT
License Agreement, dated August 13, 2014, by and between Interpace Diagnostics, LLC and Asuragen, Inc., incorporated by reference
to Exhibit 10.32 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, filed with the SEC
on November 5, 2014.
10.20
Supply
Agreement, dated August 13, 2014, by and between Interpace Diagnostics, LLC and Asuragen, Inc., incorporated by reference to Exhibit
10.33 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, filed with the SEC on November
5, 2014.
10.21
Guaranty,
dated August 13, 2014 by the Company in favor of Asuragen, Inc., incorporated by reference to Exhibit 10.34 of the Company’s
Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, filed with the SEC on November 5, 2014.
10.22
Lease
Agreement, dated March 31, 2017, by and between Saddle Lane Realty, LLC and the Company, incorporated by reference to Exhibit 10.53
of the Company’s Registration Statement on Form S-1 (333-218140), as amended on June 13, 2017.
10.23
First
Amendment, dated September 26, 2017, by and between Saddle Lane Realty, LLC and Interpace Diagnostics Corporation, incorporated by
reference to Exhibit 10.36 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the
SEC on April 22, 2020, as amended from time to time.
10.24
Amendment
No. 2 to Lease, dated March 15, 2018, between Saddle Lane Realty, LLC and Interpace Diagnostics Corporation, incorporated by reference
to Exhibit 10.45 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, filed with the SEC on March
23, 2018.
10.25
Fourth
Lease Amendment (the “Amendment”) by and between Interpace Biosciences, Inc. and Saddle Lane Realty, LLC, dated as of
October 31, 2022, incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the SEC
on November 4, 2022.
18
Exhibit
No.
Description
10.26
Loan
and Security Agreement by and between BroadOak Fund V, L.P., Interpace Biosciences, Inc., Interpace Diagnostics Corporation, Interpace
Diagnostics, LLC and Interpace Pharma Solutions, Inc., dated October 29, 2021, incorporated by reference to Exhibit 10.1 of the Company’s
Current Report on Form 8-K, filed with the SEC on November 3, 2021.
10.27
Second
Amendment to Loan and Security Agreement by and between BroadOak Fund V, L.P., Interpace Biosciences, Inc., Interpace Diagnostics
Corporation, Interpace Diagnostics, LLC and Interpace Pharma Solutions, Inc., dated October 24, 2023, incorporated by reference to
Exhibit 10.1 of the Company’s Current Report on Form 8-K, filed with the SEC on October 27, 2023.
10.28*
Amendment
to the Interpace Biosciences, Inc. 2019 Equity Incentive Plan, incorporated by reference to Exhibit 10.1 of the Company’s Current
Report on Form 8-K, filed with the SEC on November 15, 2022.
10.29*
Amendment
to the Interpace Biosciences, Inc. Employee Stock Purchase Plan, incorporated by reference to Exhibit 10.2 of the Company’s
Current Report on Form 8-K, filed with the SEC on November 15, 2022.
10.30
Third
Amendment to Loan and Security Agreement by and between BroadOak Fund V, L.P., Interpace Biosciences, Inc., Interpace Diagnostics
Corporation, Interpace Diagnostics, LLC and Interpace Pharma Solutions, Inc., dated March 29, 2024, incorporated by reference to
Exhibit 10.39 of the Company’s Annual Report on Form 10-K, filed with the SEC on April 1, 2024.
10.31
Series
C Preferred Stock Exchange Agreement, incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K,
filed with the SEC on October 15, 2024.
10.32
Amended
and Restated Investor Rights Agreement, dated as of October 10, 2024, by and among Interpace Biosciences, Inc., 1315 Capital II,
L.P. and Ampersand 2018 Limited Partnership, incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form
8-K, filed with the SEC on October 15, 2024.
10.33
Termination
of Support Agreement, dated October 14, 2024, by and between 1315 Capital II, L.P. and Interpace Biosciences, Inc., incorporated
by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K, filed with the SEC on October 15, 2024.
10.34
Fourth
Amendment to Loan and Security Agreement with BroadOak Fund V, L.P., dated January 17, 2025, incorporated by reference to Exhibit
10.1 of the Company’s Current Report on Form 8-K, filed with the SEC on January 21, 2025.
19.1
Insider
Trading Policy, incorporated by reference to Exhibit 19.1 of the Company’s Annual Report on Form 10-K, filed with the SEC on
March 31, 2025.
21.1
Subsidiaries
of the Registrant, incorporated by reference to Exhibit 21.1 of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2019, filed with the SEC on April 22, 2020, as amended from time to time.
23.1
Consent of EisnerAmper, LLP, incorporated by reference to Exhibit 23.1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026.
31.1#
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2#
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
101
INS
Inline
XBRL Instance Document
101
SCH
Inline
XBRL Taxonomy Extension Schema Document
101
CAL
Inline
XBRL Taxonomy Extension Calculation Linkbase Document
101
DEF
Inline
XBRL Taxonomy Extension Definition Linkbase Document
101
LAB
Inline
XBRL Taxonomy Extension Label Linkbase Document
101
PRE
Inline
XBRL Taxonomy Extension Presentation Linkbase Document
104
Cover
Page Interactive Data File (formatted as Inline XBRL and contained in Exhibits 101)
*
Denotes
compensatory plan, compensation arrangement or management contract.
#
Filed
herewith.
19
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
INTERPACE
BIOSCIENCES, INC.
Date:
April
30, 2026
/s/
Thomas W. Burnell
Thomas
W. Burnell
President
and Chief Executive Officer
20
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.