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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): August 17, 2023
QUANTERIX CORPORATION
(Exact name of registrant as specified
in its charter)
Delaware |
001-38319 |
20-8957988 |
(State or other jurisdiction
of incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
900 Middlesex Turnpike
Billerica, MA |
01821 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number,
including area code: (617) 301-9400
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 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | |
Trading symbol(s) | |
Name of each exchange on which
registered |
Common Stock, $0.001 par value per share | |
QTRX | |
The Nasdaq Global 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.
(d) On August 17,
2023, the board of directors (the “Board”) of Quanterix Corporation (the “Company”) appointed William
P. Donnelly to serve on the Board and the Audit Committee of the Board, in each case effective immediately. Mr. Donnelly will serve
as a Class III director with a term that will expire at the Company’s 2026 annual meeting of stockholders.
There is no arrangement
or understanding between Mr. Donnelly and any other person pursuant to which he was selected as a director of the Company, and there
is no family relationship between Mr. Donnelly and any of the Company’s other directors or executive officers. Mr. Donnelly
does not have a material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K.
In accordance with the
Company’s amended and restated non-employee director compensation policy (the “Policy”), Mr. Donnelly will
receive an equity award valued at $400,000 comprised of (i) 60% non-qualified stock options to purchase the Company’s common
stock at an exercise price equal to the closing price of the common stock on August 17, 2023 and (ii) 40% restricted stock units
(“RSUs”). The options vest over three years from the date of grant, with one-third vesting on the first anniversary
and the remainder vesting over the following two years in 24 successive equal monthly installments. The RSUs vest over a three-year
period, with one-third vesting on each of the first, second, and third anniversaries of the grant date. Under the Policy, Mr. Donnelly
will also be entitled to a retainer of $40,000 per year as a member of the Board and $10,000 per year as a member of the Audit Committee,
in each case pro-rated for any partial year of service. Additionally, he will be eligible to receive an annual equity award valued at
$200,000 and comprised of 60% non-qualified stock options and (B) 40% RSUs, which vest in full on December 31st of the year
in which such award was granted. He will also be entitled to reimbursement of his out-of-pocket expenses associated with his service on
the Board and indemnification pursuant to the standard indemnification agreement between the Company and its directors.
A copy of the press release
dated August 21, 2023 announcing the appointment of Mr. Donnelly is filed as Exhibit 99.1 hereto and is incorporated by
reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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.
|
QUANTERIX CORPORATION |
|
|
|
By: |
/s/ Masoud Toloue |
|
|
Masoud Toloue |
|
|
Chief Executive Officer |
Date: August 22, 2023
Exhibit 99.1
William
P. Donnelly Appointed to Quanterix’s Board of Directors
Billerica, Mass. – August 21, 2023 – Quanterix Corporation
(NASDAQ: QTRX), a company fueling scientific discovery and breakthrough diagnostics through ultrasensitive biomarker detection, today
announced that it appointed William (Bill) P. Donnelly to its Board of Directors.
Mr. Donnelly brings
many years of senior leadership experience in the life science tools industry, including 21 years at Mettler-Toledo International Inc.,
where he was executive vice president and chief financial officer. While at Mettler-Toledo, he was responsible for finance, investor relations,
supply chain, and information technology. Over his tenure, he strategically oversaw the company from a leveraged buy-out to
an IPO and advised the company once it successfully went public. He brings to Quanterix a breadth of experience.
Mr. Donnelly received a
Bachelor of Science in business administration from John Carroll University, where he currently serves as a chairman on the Board of Trustees.
Mr. Donnelly also serves as lead independent director and chair of the nominating and corporate governance committee of Ingersoll
Rand Inc.
“We’re excited about Bill joining us at a time when we’re
building the global infrastructure to support physician diagnosis of Alzheimer’s disease. Quanterix is rapidly driving the next
ten years of blood biomarker advancement in neurology, and Bill’s experience in pursuit of our mission will be valuable,”
said Masoud Toloue, CEO at Quanterix.
“I’m eager to leverage
my experience to further Quanterix’s business strategy and its next stage of growth,” said Donnelly. “Quanterix is in
the midst of an active transformation, in an exciting market that is ripe for growth, continued discovery, and innovation. I’m looking
forward to joining the Quanterix team and getting started as a director.”
To learn
more about Quanterix’s Simoa® technology, visit: https://www.quanterix.com/simoa-technology/.
About Quanterix
From discovery to diagnostics, Quanterix’s ultrasensitive biomarker
detection is fueling breakthroughs only made possible through its unparalleled sensitivity and flexibility. The Company’s Simoa®
technology has delivered the gold standard for earlier biomarker detection in blood, serum or plasma, with the ability to quantify
proteins that are far lower than the Limit of Quantification (LoQ) of conventional analog methods. Its industry-leading precision instruments,
digital immunoassay technology and CLIA-certified Accelerator laboratory have supported research that advances disease understanding
and management in neurology, oncology, immunology, cardiology and infectious disease. Quanterix has been a trusted partner of the scientific
community for nearly two decades, powering research published in more than 2,000 peer-reviewed journals. Find additional information
about the Billerica, Massachusetts-based company at https://www.quanterix.com or follow us on Twitter and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “plan,”
“anticipate,” “estimate,” “intend” and similar expressions (as well as other words or expressions
referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements
in this news release are based on Quanterix’s expectations and assumptions as of the date of this press release. Each of these forward-looking
statements involves risks and uncertainties. Factors that may cause Quanterix’s actual results to differ from those expressed or
implied in the forward-looking statements in this press release are discussed in Quanterix’s filings with the U.S. Securities and
Exchange Commission, including the “Risk Factors” sections contained therein. Except as required by law, Quanterix assumes
no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information
becomes available.
Quanterix Media Contact:
Maya Nimnicht, PAN Communications
(510) 334-6273
pan.quanterix@pancomm.com
Investor Relations Contact:
Ed Joyce, Quanterix
(610) 306-9917
ejoyce@quanterix.com
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