Current Report Filing (8-k)
April 08 2020 - 4:09PM
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 27, 2020
Verastem, Inc.
(Exact Name of Registrant as Specified in
Charter)
Delaware
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001-35403
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27-3269467
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(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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117 Kendrick Street, Suite 500, Needham, MA
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02494
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including
area code: (781) 292-4200
(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
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common stock, $0.0001 par value per share
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VSTM
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The Nasdaq Global Market
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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 ☐
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 March 27, 2020,
Verastem, Inc. (the “Company”), at the direction of the Compensation Committee of the Board of Directors of the Company,
amended all outstanding equity awards held by employees (including executive officers), other than certain performance-based awards,
to provide that, in the event of a change of control, such equity awards currently held by employees that are outstanding and unvested
immediately prior to a change of control of the Company will become fully vested and, if applicable, exercisable immediately prior
to, and subject to the consummation of, such change of control. The amendment was implemented to provide assurance to the Company’s
existing employees and not in response to any change of control offer for the Company.
In addition, new forms of award agreement
will be used for grants to employees of restricted stock units, incentive stock options and nonstatutory stock options. The new
form award agreements will provide that, to the extent outstanding immediately prior to a change of control, the restricted stock
units or stock options, as applicable, will become fully vested and, if applicable, exercisable, immediately prior to, and subject
to the consummation of, such change of control.
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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Verastem,
Inc.
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Dated:
April 8, 2020
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By:
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/s/
Brian M. Stuglik
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Brian
M. Stuglik
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Chief
Executive Officer
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