Current Report Filing (8-k)
February 22 2021 - 04:31PM
Edgar (US Regulatory)
BIOMARIN PHARMACEUTICAL INC false
0001048477 0001048477 2021-02-17 2021-02-17
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): February 17,
2021
BioMarin
Pharmaceutical Inc.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
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000-26727 |
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68-0397820 |
(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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770 Lindaro Street, San Rafael,
California
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94901 |
(Address of Principal Executive
Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (415)
506-6700
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 (see General Instruction A.2. below):
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☐ |
Written communication 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
communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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☐ |
Pre-commencement
communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common Stock, $0.001 par
value |
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BMRN |
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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 (17
CFR §230.405) or Rule 12b-2
of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 5.02 |
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
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On February 17, 2021, the Board of Directors (the “Board”) of
BioMarin Pharmaceutical Inc. (the “Company”), increased the size of
the Board from ten to eleven members and appointed Maykin Ho, Ph.D.
to the Board, effective immediately.
As an independent director, Dr. Ho is entitled to receive the
standard director fees paid to the Company’s independent directors
and retainer fees paid to members of any Board committees on which
she may sit, as described in the Company’s Definitive Proxy
Statement on Schedule 14A (the “Proxy Statement), filed with the
Securities and Exchange Commission (the “SEC”) on April 14,
2020.
In connection with her appointment to the Board, on
February 17, 2021, Dr. Ho was granted 2,350 restricted
stock units (the “RSU Grant”) pursuant to the Company’s 2017
Equity Incentive Plan, as amended, representing a pro rata share of
the 2020 annual award for independent directors. The shares of
common stock subject to the RSU Grant will vest on the date
immediately prior to the date of the Company’s next regular annual
meeting of stockholders, the same vesting date for the 2020 annual
award for all other independent directors.
The Company also intends to enter into an indemnification agreement
with Dr. Ho in the same form as the Company’s standard form
indemnification agreement with its other directors, which is
attached as Exhibit 10.1 to the Company’s Current Report on Form
8-K, filed with the SEC on
December 19, 2016.
Dr. Ho was not selected by the Board to serve as a director
pursuant to any arrangement or understanding with any person.
Dr. Ho has not engaged in any transaction that would be
reportable as a related party transaction under Item 404(a) of
Regulation S-K.
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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 thereunto duly authorized.
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BioMarin Pharmaceutical Inc.,
a Delaware corporation
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Date: February 22, 2021 |
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By: |
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/s/ G. Eric Davis
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G. Eric Davis |
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Executive Vice President, General
Counsel |
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