Current Report Filing (8-k)
December 16 2020 - 04:34PM
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): December 16,
2020
APTINYX INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-38535 |
|
47-4626057 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
909
Davis Street, Suite 600
Evanston, IL
|
|
60201 |
(Address of principal
executive offices) |
|
(Zip Code) |
(847) 871-0377
(Registrant’s telephone number, including area code)
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:
¨ |
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, par value $0.01 per
share |
APTX |
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
(§ 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 x
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.
On December 16, 2020, Aptinyx Inc. (“Aptinyx” or the “Company”)
announced that, effective December 14, 2020, Andy Kidd has been
elevated to the role of president and chief operating officer.
Norbert Riedel, the former president and chief executive officer of
the Company, will continue to serve as the chief executive officer
of the Company.
Prior to joining Aptinyx in 2017 as chief commercial officer and
then chief operating officer, Mr. Kidd, 44, spent over a decade at
Baxter International, most recently as senior vice president of
strategy and business development. Previously, he held various
commercial leadership positions including general manager of Baxter
Canada, global franchise head for surgical care, and general
manager of US anesthesia and cardiovascular. Before joining Baxter,
Mr. Kidd worked at Boston Consulting Group both in London and then
Chicago, focused on pharmaceutical and other healthcare clients. He
received a BM BCh medical degree from the University of Oxford and
a BA in medical sciences from the University of Cambridge.
In connection with his appointment as president and chief operating
officer, Mr. Kidd is entitled to an annual base salary of $430,000,
which is subject to review and redetermination by Aptinyx's board
of directors or its compensation and management development
committee, and he is eligible to earn an annual bonus with a target
amount equal to 45% of his base salary. Mr. Kidd also received an
option to purchase 415,000 shares of the Company’s common stock,
par value $0.01 per share, under the Company’s 2018 Stock Option
and Incentive Plan, which will vest over a four-year period, with
one-fourth of the option vesting on the first anniversary of the
grant date and the balance of the option vesting ratably on a
monthly basis over the following 36 months, subject to continued
service through each such date. Except as described above, the
terms and conditions of Mr. Kidd’s amended and restated employment
agreement and non-competition, non-solicitation, confidentiality
and assignment agreement, as described in the Company’s definitive
proxy statement, filed with the Securities and Exchange Commission
on April 6, 2020 (the “Proxy Statement”), remain unchanged, and
such description is hereby incorporated herein by reference.
Except as described above and in the Proxy Statement, Mr. Kidd is
not a party to any transaction with the Company that would require
disclosure under Item 404(a) of Regulation S-K. Mr. Kidd does not
have any family relationship with any of the executive officers or
directors of the Company. There are no arrangements or
understandings between Mr. Kidd and any other person pursuant to
which he was appointed as an officer of the Company.
Item 7.01 Regulation FD Disclosure.
In connection with Mr. Kidd’s appointment as president and chief
operating officer, on December 16, 2020, Aptinyx issued a press
release titled “Aptinyx Appoints Andy Kidd, M.D., President and
Chief Operating Officer.” A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1 hereto,
shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject
to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of
1933, as amended, except as expressly set forth by specific
reference in such a filing.
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 hereunto duly authorized.
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Aptinyx
Inc. |
|
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Date: December
16, 2020 |
By: |
/s/ Norbert G. Riedel |
|
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Norbert G. Riedel |
|
|
Chief Executive
Officer |