EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed for the purpose of
registering an additional 1,339,558 shares of the common stock of
Homology Medicines, Inc. (the “Registrant”) to be
issued pursuant to the Homology Medicines, Inc. 2018 Employee Stock
Purchase Plan (the “ESPP”) and an additional
5,221,239 shares of the Registrant’s common stock to be issued
pursuant to the Homology Medicines, Inc. 2018 Incentive Award Plan
(the “Incentive Plan,” and together with the ESPP,
the “Plans”). A Registration Statement of the
Registrant on Form S-8
relating to the Plans is effective.
INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENTS ON FORM S-8
Except as set forth below, the contents of the Registration
Statement on
Form S-8 (File
No. 333-224030),
including any amendments thereto, filed with the Securities and
Exchange Commission, relating to the Plans, are incorporated by
reference herein.
Item 6. Indemnification of Directors and Officers.
Section 102(b)(7) of the General Corporation Law of the State
of Delaware (“DGCL”) provides that a corporation’s
certificate of incorporation may contain a provision eliminating or
limiting the personal liability of a director or officer to the
corporation or its stockholders for monetary damages for breach of
fiduciary duty as a director or officer, provided that such
provision shall not eliminate or limit the liability of a director
or officer (i) for any breach of the director or officer’s
duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law,
(iii) under Section 174 of the DGCL, or (iv) for any
transaction from which the director or officer derived an improper
personal benefit.
Subsection (a) of Section 145 of the DGCL, empowers a
corporation to indemnify any person who was or is a party or who is
threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the
right of the corporation) by reason of the fact that the person is
or was a director, officer, employee or agent of the corporation,
or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against
expenses (including attorneys’ fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by the person
in connection with such action, suit or proceeding if the person
acted in good faith and in a manner the person reasonably believed
to be in or not opposed to the best interests of the corporation,
and, with respect to any criminal action or proceeding, had no
reasonable cause to believe the person’s conduct was unlawful.
Subsection (b) of Section 145 empowers a corporation to
indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action or suit
by or in the right of the corporation to procure a judgment in its
favor by reason of the fact that the person acted in any of the
capacities set forth above, against expenses (including attorneys’
fees) actually and reasonably incurred by the person in connection
with the defense or settlement of such action or suit if the person
acted in good faith and in a manner the person reasonably believed
to be in or not opposed to the best interests of the corporation
and except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been
adjudged to be liable to the corporation unless and only to the
extent that the Court of Chancery or the court in which such action
or suit was brought shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances
of the case, such person is fairly and reasonably entitled to
indemnity for such expenses which the Court of Chancery or such
other court shall deem proper.
Section 145 further provides that to the extent a director or
officer of a corporation has been successful on the merits or
otherwise in the defense of any action, suit or proceeding referred
to in subsections (a) and (b) of Section 145, or in
defense of any claim, issue or matter therein, such person shall be
indemnified against expenses (including attorneys’ fees) actually
and reasonably incurred by such person in connection therewith;
that indemnification provided for by Section 145 shall not be
deemed exclusive of any other rights to which the indemnified party
may be entitled; and the indemnification provided for by
Section 145 shall, unless otherwise provided when authorized
or ratified, continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit
of such person’s heirs, executors and administrators.
Section 145 also empowers the corporation to purchase and
maintain insurance on behalf of any person who is or was a
director, officer, employee or agent of the corporation, or is or
was serving at the request of the corporation as a director,
officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise against any liability
asserted against such person and incurred by such person in any
such capacity, or arising out of his status as such, whether or not
the corporation would have the power to indemnify such person
against such liabilities under Section 145.