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): June 14, 2016
OCERA THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE | | 001-35119 | | 63-1192270 |
(State or other jurisdiction | | (Commission File Number) | | (I.R.S. Employer |
of | | | | Identification No.) |
incorporation) | | | | |
525 University Avenue, Suite 610 | | |
Palo Alto, CA | | 94301 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (650) 475-0158
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Approval of Ocera Therapeutics, Inc. Fourth Amended and Restated 2011 Stock Option and Incentive Plan
On June 14, 2016, at the 2016 Annual Meeting of Stockholders (the “Annual Meeting”), the stockholders of Ocera Therapeutics, Inc. (the “Company”) approved the Ocera Therapeutics, Inc. Fourth Amended and Restated 2011 Stock Option and Incentive Plan (the “Amended Plan”).
The maximum number of shares reserved for issuance under the Amended Plan is 5,002,328 shares, an increase of 1,400,000 shares. If the Company’s capital structure changes, because of a reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or similar event, the number of shares that can be issued under the Amended Plan will be appropriately adjusted. The following types of awards may be issued under the Plan: (i) stock options (both incentive and non-qualified options); (ii) stock appreciation rights; (iii) restricted stock; (iv) restricted stock units; (v) unrestricted stock; (vi) cash-based awards; (vii) performance shares; and (viii) dividend equivalent rights.
A detailed summary of the material features of the Amended Plan is set forth in the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 22, 2016. That summary and the foregoing description are qualified in their entirety by reference to the text of the Amended Plan, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Annual Meeting was held on June 14, 2016. A total of 14,810,622 shares of the Company’s common stock were present or represented by proxy at the Annual Meeting. At the Annual Meeting, the stockholders voted on the following four proposals and cast their votes as described below.
Proposal 1. The individuals listed below were elected at the Annual Meeting to serve until the annual meeting of stockholders in 2017 and until their respective successors are duly elected and qualified or until their earlier resignation or removal.
| | FOR | | WITHHELD | | BROKER NON-
VOTES | |
Eckard Weber, M.D. | | 11,646,154 | | 208,803 | | 2,955,665 | |
Linda S. Grais, M.D. | | 11,684,787 | | 170,170 | | 2,955,665 | |
Steven P. James | | 11,681,678 | | 173,279 | | 2,955,665 | |
Nina Kjellson | | 11,681,678 | | 173,279 | | 2,955,665 | |
Michael Powell, Ph.D. | | 11,684,787 | | 170,170 | | 2,955,665 | |
Anne VanLent | | 11,681,978 | | 172,979 | | 2,955,665 | |
Wendell Wierenga, Ph.D. | | 11,198,767 | | 656,190 | | 2,955,665 | |
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Proposal 2. The Company’s stockholders approved the non-binding, advisory resolution on the executive compensation of the Company’s named executive officers.
FOR | | AGAINST | | ABSTAIN | | BROKER NON-
VOTES | |
11,584,622 | | 261,085 | | 9,250 | | 2,955,665 | |
Proposal 3. The Company’s stockholders approved the non-binding, advisory resolution on the frequency of future advisory votes on the executive compensation of the Company’s named executive officers.
EVERY YEAR | | EVERY 2 YEARS | | EVERY 3 YEARS | | ABSTAIN | | BROKER NON-
VOTES | |
11,434,845 | | 273,368 | | 139,231 | | 7,513 | | 2,955,665 | |
Proposal 4. The Company’s stockholders approved the Amended Plan.
FOR | | AGAINST | | ABSTAIN | | BROKER NON-
VOTES | |
11,122,102 | | 719,355 | | 13,500 | | 2,955,665 | |
Proposal 5. The Company’s stockholders ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2016.
FOR | | AGAINST | | ABSTAIN | |
14,353,460 | | 456,037 | | 1,125 | |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | | Description |
| | |
10.1 | | Ocera Therapeutics, Inc. Fourth Amended and Restated 2011 Stock Option and Incentive Plan, together with forms of award agreements |
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SIGNATURES
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.
June 15, 2016 | Ocera Therapeutics, Inc. |
| | |
| By: | /s/ Michael Byrnes |
| Name: | Michael Byrnes |
| Title: | Chief Financial Officer and Treasurer |
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