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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Emerging growth company
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On June 9, 2023, Adverum Biotechnologies, Inc. (“Adverum”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). Stockholders who owned Adverum’s common stock at the close of business on April 12, 2023, the record date for the Annual Meeting, were entitled to vote at the 2023 Annual Meeting. As of the record date, 100,559,625 shares of Adverum’s common stock were outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 69,840,519 shares of Adverum’s common stock were voted in person or by proxy for the proposals set forth below, each of which is described in Adverum’s Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 25, 2023 (the “Proxy Statement”).
Proposal No. 1. Election of Directors
Adverum’s stockholders elected the Class III director nominees below to Adverum’s Board of Directors, each to hold office until the 2026 Annual Meeting of Stockholders and his or her successor is elected and has qualified, or until his or her earlier death, resignation or removal. The votes were as follows:
| Votes For |
Votes Withheld |
Broker Non-Votes | ||||
| Mark Lupher, Ph.D. |
32,411,169 | 14,997,656 | 22,431,694 | |||
| Rabia Gurses Ozden, M.D. |
35,467,028 | 11,941,797 | 22,431,694 | |||
| Scott Whitcup, M.D. |
32,408,048 | 15,000,777 | 22,431,694 |
Proposal No. 2. Ratification of Selection of Independent Registered Public Accounting Firm
Adverum’s stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm of Adverum for its fiscal year ending December 31, 2023. The votes were as follows:
| Votes For | Votes Against |
Abstentions | Broker Non-Votes | |||
| 66,982,666 | 2,003,060 | 854,793 | — |
Proposal No. 3. Advisory Vote on Compensation of Named Executive Officers
Adverum’s stockholders approved, on an advisory basis, the compensation of Adverum’s named executive officers as set forth in the Proxy Statement. The votes were as follows:
| Votes For | Votes Against |
Abstentions | Broker Non-Votes | |||
| 34,618,433 | 11,516,914 | 1,273,478 | 22,431,694 |
Proposal No. 4. Approval of the Amendment to the Certificate of Incorporation to Provide for the Exculpation of Officers
Adverum’s stockholders did not approve the amendment to the Certificate of Incorporation to provide for the exculpation of officers as set forth in the Proxy Statement. The votes were as follows:
| Votes For | Votes Against |
Abstentions | Broker Non-Votes | |||
| 34,214,186 | 12,337,109 | 857,530 | 22,431,694 |
Proposal No. 5. Approval of the Amendment to the Certificate of Incorporation to Effect a Reverse Stock Split
Adverum’s stockholders approved the amendment to the Certificate of Incorporation to effect a reverse stock split of Adverum Biotechnologies, Inc. common stock at a ratio of 1-for-5, 1-for-7, 1-for-10, 1-for-12 or 1-for-20, such ratio to be determined in the sole discretion of Adverum’s Board of Directors, as set forth in the Proxy Statement. The votes were as follows:
| Votes For | Votes Against |
Abstentions | Broker Non-Votes | |||
| 55,558,680 | 13,577,455 | 704,384 | — |
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.
| ADVERUM BIOTECHNOLOGIES, INC. | ||||||
| Date: June 9, 2023 | By: | /s/ Laurent Fischer | ||||
| Laurent Fischer, M.D. President and Chief Executive Officer | ||||||
Document and Entity Information |
Jun. 09, 2023 |
|---|---|
| Cover [Abstract] | |
| Security Exchange Name | NASDAQ |
| Amendment Flag | false |
| Entity Central Index Key | 0001501756 |
| Document Type | 8-K |
| Document Period End Date | Jun. 09, 2023 |
| Entity Registrant Name | Adverum Biotechnologies, Inc. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-36579 |
| Entity Tax Identification Number | 20-5258327 |
| Entity Address, Address Line One | 100 Cardinal Way |
| Entity Address, City or Town | Redwood City |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 94063 |
| City Area Code | (650) |
| Local Phone Number | 656-9323 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock |
| Trading Symbol | ADVM |
| Entity Emerging Growth Company | false |
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