Halozyme Therapeutics, Inc.
Table of Contents

Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
December 15, 2005
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
of incorporation)
File Number)
(IRS Employer
Identification No.)
11588 Sorrento Valley Road, Suite 17, San Diego, California
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (858) 794-8889
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 1.01 Entry into a Material Definitive Agreement..
Item 8.01. Other Events.
Item 9.01. Financial Statements and Exhibits.

Table of Contents

Item 1.01 Entry into a Material Definitive Agreement..
Senior Management Salary Compensation and Bonuses
     On December 15, 2005, the Board of Directors of Halozyme Therapeutics, Inc. (the “Company”), upon recommendation of the Board’s Compensation Committee (the “Committee”), approved bonuses for the Company’s senior management for 2005. The Board also approved, upon the Committee’s recommendation, the annual base salaries of the Company’s senior management for 2006. The following table sets forth the 2005 bonus amounts for senior management as well as the annual base salary levels for 2006:
    2005     2006  
    Bonus     Base Salary  
Jonathan E. Lim (President and Chief Executive Officer)
  $ 70,000     $ 300,000  
Richard Yocum (Vice President-Clinical Development)
  $ 37,500 (1)   $ 240,000  
Gregory I. Frost (Chief Scientific Officer)
  $ 50,000     $ 210,000  
Don A. Kennard (Vice President-Regulatory Affairs)
  $ 50,000     $ 200,000  
David A. Ramsay (Chief Financial Officer)
  $ 50,000     $ 180,000  
(1)   Richard Yocum joined the company mid-year and this bonus amount is prorated based on months of service provided in 2005.
     In determining specific bonus amounts for 2005, the Board evaluated a number of criteria related to the Company’s operational, clinical and financial performance in 2005.
Additional Senior Management Compensation Arrangements
     In addition to base salary levels, the Committee reviewed cash bonus and equity compensation recommendations provided by senior management. The Committee requested additional information relating to these recommendations and expects to make a determination on the 2006 cash bonus and equity compensation parameters for senior management at a future meeting.
Item 8.01. Other Events.
     On December 21, 2005, the Company announced that Kenneth J. Kelley, a member of the Company’s Board since May 2004, has been named Chairman of the Board. The press release, dated December 21, 2005, announcing this appointment, is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
No.   Description
  Press Release dated December 21, 2005


Table of Contents

     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.
  Halozyme Therapeutics, Inc.
December 21, 2005  By:   /s/ David A. Ramsay    
    David A. Ramsay   
    Secretary and Chief Financial Officer