Current Report Filing (8-k)
March 09 2017 - 5:28PM
Edgar (US Regulatory)
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): March 3, 2017
ARDELYX, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-36485
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26-1303944
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number)
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34175 Ardenwood Blvd., Suite 200
Fremont, CA 94555
(Address of principal executive offices, including Zip Code)
Registrants telephone number, including area code:
(510) 745-1700
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On March 3, 2017, the Board of Directors (the Board) of Ardelyx, Inc., a Delaware corporation (the Company), approved the
following modifications to the Companys
Non-Employee
Director Compensation Program (the Director Compensation Program): (i) the annual cash retainer for each of the Boards
non-employee
directors for their service on the Board was increased from $35,000 to $40,000, and (ii) the stock option grants to
non-employee
directors upon their initial
appointment or election to the Board was increased from 25,000 shares of the Companys common stock (Common Stock) to 30,000 shares of Common Stock. These modifications to the Director Compensation Program had been recommended to
the Board by the Compensation Committee of the Board.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Date: March 9, 2017
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ARDELYX, INC.
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By:
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/s/ Mark Kaufmann
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Mark Kaufmann
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Chief Financial Officer
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