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Departure of Directors or Certain

On April 18 , 2016, Ardelyx, Inc. (the Company) and Narani Arasaratnam, currently the Companys Vice President, Controller and Principal Accounting Officer discussed Ms.Arasaratnams departure from the Company to pursue new endeavors, and Ms.Arasaratnam and the Company have entered into a Transition and Separation Agreement (the Agreement) under which Ms.Arasaratnam will transition out of the Company effective April29, 2016. The Agreement provides for, among other things, compensation consistent with that certain Change of Control and Severance Agreement dated November26, 2014 between the Company and Ms.Arasaratnam. The benefits provided by the Agreement are payable by the Company only after the expiration of a customary revocation period as provided by the Agreement. Pursuant to the terms of the Agreement, Ms.Arasaratnam has provided the Company with a general release of claims against the Company.

The Company intends to appoint its current Chief Financial Officer, Mark Kaufmann, to the role of Principal Accounting Officer, effective on or around April26, 2016. Mr.Kaufmann has served as the Companys Chief Financial Officer since May 2014, and formerly served as our Chief Business Officer from August 2011 until May 2014. His compensation shall not change as a result of this appointment. Mr.Kaufmann has not been involved in any transactions that would require disclosure under Item404(a) of Regulation S-K.


Pursuant to the requirements 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 hereunto duly authorized.



/s/ Mark Kaufmann

Mark Kaufmann

Chief Financial Officer

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Other recent filings from the company include the following:

ARDELYX: Form, Schedule Or Registration Statement No Filing Party: Date Filed: - April 22, 2016
ARDELYX, INC. releases salary data. CEO sees compensation rise 205% - April 22, 2016