FALSE000168954800016895482022-05-262022-05-26

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 26, 2022
PRAXIS PRECISION MEDICINES, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
001-39620
47-5195942
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

Praxis Precision Medicines, Inc.
99 High Street, 30th Floor
Boston, Massachusetts 02110
(Address of principal executive offices, including zip code)
(617) 300-8460
(Registrant’s telephone number, including area code)
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:
 
☐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 
Trade
Symbol(s)
 
Name of each exchange
on which registered
Common Stock, $0.0001 par value per share PRAX The 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 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 5.07 Submission of Matters to a Vote of Security Holders.
On May 26, 2022, Praxis Precision Medicines, Inc. (the “Company”) held its 2022 Annual Meeting of Stockholders (the “Annual Meeting”), at which a quorum was present. The Company held its Annual Meeting to consider and vote on the four proposals set forth below, each of which is described in greater detail in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the U.S. Securities and Exchange Commission on April 14, 2022. The final voting results are set forth below.

Proposal 1 – Election of Class II Directors

The Company’s stockholders elected Jeffrey Chodakewitz, M.D., Merit Cudkowicz, M.D. and Stefan Vitorovic to serve as Class II members of the Board of Directors of the Company (the “Board”) until the Company’s 2025 annual meeting of stockholders and until their respective successors are duly elected and qualified, or until their earlier death, resignation or removal, with the votes cast as follows:

Class II Director NomineesVotes ForVotes WithheldBroker Non-Vote
Jeffrey Chodakewitz, M.D.28,430,0958,403,5452,734,441
Merit Cudkowicz, M.D.28,471,1648,362,4762,734,441
Stefan Vitorovic26,426,17610,407,4642,734,441

Proposal 2 – Ratification of Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm

The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022, with the votes cast as follows:

Votes ForVotes AgainstAbstainBroker Non-Vote
39,533,7083,66530,7080

Proposal 3 – Advisory Vote on Executive Compensation

The Company’s stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers, with the votes cast as follows:

Votes ForVotes AgainstAbstainBroker Non-Vote
35,107,1811,706,99019,4692,734,441

Proposal 4 – Advisory Vote on the Frequency of Advisory Votes on Executive Compensation

The Company’s stockholders approved, on a non-binding advisory basis, one year as the frequency of advisory votes on the compensation of the Company’s named executive officers, with the votes cast as follows:

One YearTwo YearsThree YearsAbstainBroker Non-Vote
24,624,2298,20512,182,40018,8062,734,441

Following the Annual Meeting and after due consideration of the stockholders’ vote for one year as the frequency of advisory votes on the compensation of the Company’s named executive officers, on May 28, 2022, the Board determined that future advisory votes on the compensation of the Company’s named executive officers will be conducted every one year until the next advisory vote regarding the frequency of advisory votes on the compensation of the Company’s named executive officers is submitted to the stockholders or the Board otherwise determines that a different frequency for such advisory votes is in the best interests of the Company.

No other matters were submitted to or voted on by the Company’s stockholders at the Annual Meeting.


SIGNATURE
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.
 
PRAXIS PRECISION MEDICINES, INC.
Date: June 1, 2022By: /s/ Marcio Souza
 Marcio Souza
 Chief Executive Officer