UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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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 June 12, 2024, Alphatec Holdings, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). The Company filed its definitive proxy statement on Schedule 14A with the SEC on April 26, 2024. As denoted in that proxy statement, Elizabeth Altman, Marie Meynadier, David Mowry and James Tullis were not nominated for re-election at the Annual Meeting and, as such, each of their respective terms as directors concluded following the Annual Meeting. In connection with the conclusion of Ms. Altman’s tenure on the Company’s Board of Directors, Ms. Altman and the Company entered into a Vesting Acceleration Agreement (the “Vesting Agreement”). Pursuant to the Vesting Agreement, the remaining unvested portion of Ms. Altman’s 2021 Initial Board Grant (as defined and as detailed in the proxy statement), which was granted on August 12, 2021, shall become fully vested and exercisable as of June 12, 2024. This summary of the Vesting Agreement is qualified in its entirety by reference to the full text of the Vesting Agreement, which is filed hereto as Exhibit 10.1.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 12, 2024, the Company held its Annual Meeting. The Company filed its definitive proxy statement on Schedule 14A with the SEC on April 26, 2024. The proxy statement describes in detail each of the three proposed voting matters (the “Proposals”) submitted to the Company’s stockholders at the Annual Meeting. As of April 17, 2024, the record date of the Annual Meeting, there were 139,805,908 outstanding shares of the Company’s common stock. At the Annual Meeting, a quorum of 103,891,443 shares of the Company’s common stock were represented in person or by proxy. The final results for the votes cast with respect to each Proposal are set forth below.
Proposal 1
The stockholders elected each of Evan Bakst, Mortimer Berkowitz III, Quentin Blackford, David Demski, Karen K. McGinnis, Patrick S. Miles, David R. Pelizzon, Jeffrey P. Rydin, and Ward W. Woods to serve on the Company’s Board of Directors for a term of one year until the 2025 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until their earlier death or resignation, by the following vote:
Nominee |
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Votes For |
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Votes Withheld |
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Broker Non-Votes |
Evan Bakst |
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79,937,898 |
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2,516,375 |
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21,437,170 |
Mortimer Berkowitz III |
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44,667,493 |
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37,666,496 |
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21,557,454 |
Quentin Blackford |
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61,896,384 |
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20,450,153 |
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21,544,906 |
David Demski |
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80,099,968 |
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2,354,313 |
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21,437,162 |
Karen K. McGinnis |
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80,147,277 |
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2,306,996 |
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21,437,170 |
Patrick S. Miles |
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78,064,850 |
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4,377,152 |
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21,449,441 |
David R. Pelizzon |
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79,955,567 |
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2,498,706 |
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21,437,170 |
Jeffrey P. Rydin |
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80,090,817 |
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2,363,456 |
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21,437,170 |
Ward W. Woods |
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79,909,518 |
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2,544,755 |
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21,437,170 |
Proposal 2
The stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2024 by the following vote:
Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
103,820,275 |
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35,835 |
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35,333 |
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0 |
Proposal 3
The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executed officers by the following vote:
Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
69,776,291 |
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12,628,164 |
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49,825 |
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21,437,163 |
No other items were presented for stockholder approval at the Annual Meeting.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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ALPHATEC HOLDINGS, INC. |
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Date: |
June 14, 2024 |
By: |
/s/ J. Todd Koning |
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Executive Vice President and Chief Financial Officer |