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EX-10.1 - EX-10.1 - GILEAD SCIENCES INCd396034dex101.htm

 

 

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 10, 2017

 

 

GILEAD SCIENCES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   0-19731   94-3047598

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

333 LAKESIDE DRIVE, FOSTER CITY, CALIFORNIA

(Address of principal executive offices)

94404

(Zip Code)

(650) 574-3000

(Registrant’s telephone number, including area code)

 

 

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 CFD 230.425)

 

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  Pre-commencement communications pursuant to Rule 14-2(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))

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.

 

 

 


SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Approval of a Restatement of the Gilead Sciences, Inc. 2004 Equity Incentive Plan

On February 2, 2017 the Board of Directors (the Board) of Gilead Sciences, Inc. (Gilead) approved an amendment and restatement of the Gilead Sciences, Inc. 2004 Equity Incentive Plan (the 2017 Restatement), subject to stockholder approval. A summary of the principal features of the 2017 Restatement is set forth under Proposal 3 of Gilead’s definitive proxy statement filed with the Securities and Exchange Commission on March 27, 2017 (the 2017 Proxy Statement), which description is incorporated herein by reference.

The 2017 Restatement was approved by Gilead’s stockholders at the 2017 Annual Meeting of Stockholders on May 10, 2017 (the Annual Meeting). The foregoing summary of the 2017 Restatement does not purport to be complete and is qualified in its entirety by reference to the provisions of the 2017 Restatement itself, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated by reference herein.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

The Annual Meeting was held on May 10, 2017 in Millbrae, California. Of the 1,307,236,587 shares of Gilead’s common stock entitled to vote at the meeting, 1,085,233,244 shares were represented at the meeting in person or by proxy, constituting a quorum. The voting results are presented below.

Gilead’s stockholders elected nine directors to serve for the ensuing year and until their successors are elected and qualified, or until their earlier death, resignation or removal. The votes regarding the election of directors were as follows:

 

Name

   Votes For    Votes
Against
   Abstentions    Broker
Non-Votes

John F. Cogan, Ph.D.

   868,477,031    14,232,583    1,408,371    201,115,259

Kelly A. Kramer

   875,603,893    7,440,873    1,073,219    201,115,259

Kevin E. Lofton

   866,091,155    16,668,449    1,358,381    201,115,259

John C. Martin, Ph.D.

   868,733,909    14,199,736    1,184,340    201,115,259

John F. Milligan, Ph.D.

   874,995,625    7,932,095    1,190,265    201,115,259

Nicholas G. Moore

   854,869,258    27,874,699    1,374,028    201,115,259

Richard J. Whitley, M.D.

   870,994,332    10,062,386    3,061,267    201,115,259

Gayle E. Wilson

   857,686,621    25,363,020    1,068,344    201,115,259

Per Wold-Olsen

   863,519,262    19,180,773    1,417,950    201,115,259

Gilead’s stockholders ratified the selection of Ernst & Young LLP by the Audit Committee of the Board as its independent registered public accounting firm of Gilead for the fiscal year ending December 31, 2017. The proposal received the following votes:

 

Votes For

     1,059,492,918  

Votes Against

     23,285,166  

Abstentions

     2,455,160  

Gilead’s stockholders approved a restatement of the Gilead Sciences, Inc. 2004 Equity Incentive Plan. The proposal received the following votes:

 

Votes For

     794,259,552  

Votes Against

     87,821,819  

Abstentions

     2,036,614  

Broker Non-Votes

     201,115,259  


Gilead’s stockholders approved, on an advisory basis, the compensation of Gilead’s named executive officers as presented in the 2017 Proxy Statement. The proposal received the following votes:

 

Votes For

     823,196,853  

Votes Against

     57,074,924  

Abstentions

     3,846,208  

Broker Non-Votes

     201,115,259  

Gilead’s stockholders voted, on an advisory basis, as to the frequency with which executive compensation will be subject to future advisory stockholder votes, for one year. The proposal received the following votes:

 

Votes For 1 Year

     768,463,295  

Votes For 2 Years

     1,764,886  

Votes For 3 Years

     112,349,278  

Abstentions

     1,540,526  

Broker Non-Votes

     201,115,259  

Gilead’s stockholders did not approve a stockholder proposal requesting that the Board take steps to permit stockholder action by written consent. The proposal received the following votes:

 

Votes For

     427,578,402  

Votes Against

     453,540,611  

Abstentions

     2,998,972  

Broker Non-Votes

     201,115,259  

Gilead’s stockholders did not approve a stockholder proposal requesting that the Board take steps to adopt a policy that the Chairman of the Board be an independent director. The proposal received the following votes:

 

Votes For

     390,628,850  

Votes Against

     491,331,404  

Abstentions

     2,157,731  

Broker Non-Votes

     201,115,259  

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit
Number

  

Description

10.1    Gilead Sciences, Inc. 2004 Equity Incentive Plan, as amended and restated May 10, 2017


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.

 

GILEAD SCIENCES, INC.
(Registrant)
/s/ Brett A. Pletcher

Brett A. Pletcher

EVP, General Counsel and Corporate Secretary

Date: May 12, 2017