SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 12, 2020
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
700 US Highway 202/206
Bridgewater, New Jersey 08807
(Address of principal executive offices) Zip Code)
Registrant’s telephone number, including area code
(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 (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common Stock, par value $0.01 per share||INSM||Nasdaq Global Select Market|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
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. ¨
ITEM 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 12, 2020, at the annual meeting of shareholders of Insmed Incorporated (the “Company” and the “Annual Meeting”), the Company’s shareholders approved Amendment No. 1 to the Insmed Incorporated 2019 Incentive Plan (the “2019 Incentive Plan”), which was previously adopted by the Company’s Board of Directors.
A summary of the material terms and conditions of the 2019 Incentive Plan is included in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 31, 2020 (the “Proxy Statement”) under “Proposal No. 4: Amendment No. 1 to the Insmed Incorporated 2019 Incentive Plan,” which summary is incorporated herein by reference. This summary is qualified in its entirety by, and should be read in conjunction with, (i) the 2019 Incentive Plan, which was attached as Exhibit 10.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and (ii) Amendment No. 1 to the 2019 Incentive Plan, which was included as Appendix A to the Proxy Statement.
ITEM 5.07 – Submission of Matters to a Vote of Security Holders.
A total of 89,859,549 shares of the Company’s common stock were entitled to vote as of March 18, 2020, the record date for the Annual Meeting. There were 80,539,048 shares present in person or by proxy at the Annual Meeting, at which shareholders voted on four proposals. Set forth below are the matters acted upon by the shareholders, and the final voting results of each such matter.
Proposal 1. Election of Three Class II Directors.
By the following votes, shareholders elected Clarissa Desjardins, Ph.D., David W.J. McGirr, and Elizabeth McKee Anderson to serve as Class II directors until the Company’s 2023 Annual Meeting of Shareholders:
|Clarissa Desjardins, Ph.D.||73,417,377||64,506||7,057,165|
|David W.J. McGirr||72,314,252||1,167,631||7,057,165|
|Elizabeth McKee Anderson||71,939,578||1,542,305||7,057,165|
Proposal 2. Advisory Vote on the 2019 Compensation of Named Executive Officers.
By the following vote, shareholders approved, on an advisory, non-binding basis, the 2019 compensation of the Company’s named executive officers, as disclosed in the Proxy Statement:
Proposal 3. Ratification of the Appointment of an Independent Registered Public Accounting Firm.
By the following vote, shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2020:
Proposal 4. Approval of Amendment No. 1 to the Insmed Incorporated 2019 Incentive Plan.
By the following vote, shareholders approved Amendment No. 1 to the 2019 Incentive Plan to increase the number of shares authorized for issuance thereunder:
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.
|Dated: May 14, 2020||INSMED INCORPORATED|
|By:||/s/ Christine Pellizzari|
|Title:||Chief Legal Officer|