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EX-10.1 - EX-10.1 - ImmunoGen, Inc.a17-15275_1ex10d1.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): June 13, 2017

 

ImmunoGen, Inc.

(Exact name of registrant as specified in its charter)

 

Massachusetts

 

0-17999

 

04-2726691

(State or other
jurisdiction of
incorporation)

 

(Commission File
Number)

 

(IRS Employer
Identification No.)

 

830 Winter Street, Waltham, MA 02451

(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (781) 895-0600

 

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):

 

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))

 

Indicate by check mark whether the registrant is a 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 o

 

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. o

 

 

 



 

ITEM 5.02 — DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

 

(a) – (d)  Not applicable.

 

(e)  At the 2017 annual meeting of shareholders of ImmunoGen, Inc. (referred to as “our”) held on June 13, 2017 (the “2017 Annual Meeting”), our shareholders approved amendments to our 2016 Employee, Director and Consultant Equity Incentive Plan (the “2016 Plan”) to increase the number of shares of common stock authorized for issuance thereunder by 1,000,000, and to increase the maximum number of shares that can be subject to awards granted to a participant under the 2106 Plan in a single year to 2,000,000.

 

A summary of the material terms and conditions of the 2016 Plan is set forth in our definitive Proxy Statement dated April 28, 2017, filed with the Securities and Exchange Commission on April 28, 2017, under the caption “Amendment to our 2016 Employee, Director and Consultant Equity Incentive Plan to increase the number of shares authorized for issuance thereunder by 1,000,000, and to increase the maximum number of shares that can be subject to awards granted to a participant under that plan in a single year to 2,000,000 (Notice Item 3).”  Such description is incorporated herein by reference and is qualified in its entirety by reference to the full text of the amended and restated 2016 Plan filed as Exhibit 10.1 to this Current Report on Form 8-K.

 

(f)  Not applicable.

 

ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

As stated above, the 2017 Annual Meeting was held on June 13, 2017.  At the 2017 Annual Meeting, shareholders fixed the number of Directors constituting the full Board of Directors at nine.  The voting results were as follows:

 

For:

72,149,736

 

Against

4,438,190

 

Abstain

763,277

 

Broker Non-Votes

0

 

 

At the 2017 Annual Meeting, shareholders elected nine Directors as follows:

 

 

 

FOR

 

WITHHELD

 

BROKER NON-VOTES

 

Joseph J. Villafranca, PhD

 

48,081,003

 

1,045,557

 

28,224,643

 

Stephen C. McCluski

 

48,132,067

 

994,493

 

28,224,643

 

Richard J. Wallace

 

48,156,923

 

969,637

 

28,224,643

 

Daniel M. Junius

 

47,875,473

 

1,251,087

 

28,224,643

 

Howard H. Pien

 

47,764,235

 

1,362,325

 

28,224,643

 

Mark Goldberg, MD

 

46,781,106

 

2,345,454

 

28,224,643

 

Dean J. Mitchell

 

48,018,310

 

1,108,250

 

28,224,643

 

Kristine Peterson

 

47,969,334

 

1,157,226

 

28,224,643

 

Mark J. Enyedy

 

48,181,985

 

944,575

 

28,224,643

 

 

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At the 2017 Annual Meeting, shareholders approved an amendment to the 2016 Plan to increase the number of shares of common stock authorized for issuance thereunder by 1,000,000, and to increase the maximum number of shares that can be subject to awards granted to a participant under that plan in a single year to 2,000,000, as follows:

 

For:

39,134,706

 

Against

9,858,138

 

Abstain

133,716

 

Broker Non-Votes

28,224,643

 

 

At the 2017 Annual Meeting, shareholders approved an amendment to our Restated Articles of Organization to increase the number of authorized shares of common stock from 150,000,000 to 200,000,000 as follows:

 

For:

68,592,331

 

Against

7,732,034

 

Abstain

1,026,838

 

Broker Non-Votes

0

 

 

At the 2017 Annual Meeting, shareholders voted to approve, on an advisory basis, the compensation paid to the our named executive officers, as described in our proxy statement (the “say-on-pay vote”) as follows:

 

For:

47,235,331

 

Against

1,653,948

 

Abstain

237,281

 

Broker Non-Votes

28,224,643

 

 

At the 2017 Annual Meeting, shareholders voted, on an advisory basis, on the frequency of future “say-on-pay” votes (“say-on-frequency vote”) as follows:

 

One year

46,894,491

 

Two years

306,899

 

Three years

1,771,967

 

Abstain

153,203

 

 

At the 2017 Annual Meeting, shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2017 as follows:

 

For:

76,458,271

 

Against

284,814

 

Abstain

608,118

 

Broker Non-Votes

0

 

 

After taking into consideration the results of the “say-on-frequency vote” at the 2017 Annual Meeting, our Board of Directors has determined to include “say-on-pay” votes in

 

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the Company’s proxy materials on an annual basis until the next required “say-on-frequency” vote by shareholders.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

(d): The following exhibit is being furnished herewith:

 

Exhibit
No.

 

Exhibit

 

 

 

10.1

 

2016 Employee, Director and Consultant Equity Incentive Plan, as amended through June 13, 2017

 

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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.

 

 

ImmunoGen, Inc.

 

(Registrant)

 

 

Date: June 16, 2017

/s/ David B. Johnston

 

David B. Johnston

 

Executive Vice President and Chief Financial Officer

 

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