0001140361-24-024327.txt : 20240503 0001140361-24-024327.hdr.sgml : 20240503 20240503160533 ACCESSION NUMBER: 0001140361-24-024327 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240501 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vericel Corp CENTRAL INDEX KEY: 0000887359 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 943096597 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35280 FILM NUMBER: 24912984 BUSINESS ADDRESS: STREET 1: 64 SIDNEY ST. CITY: CAMBRIDGE STATE: MA ZIP: 02139 BUSINESS PHONE: 7349305555 MAIL ADDRESS: STREET 1: 64 SIDNEY ST. CITY: CAMBRIDGE STATE: MA ZIP: 02139 FORMER COMPANY: FORMER CONFORMED NAME: AASTROM BIOSCIENCES INC DATE OF NAME CHANGE: 19960428 8-K 1 ef20028422_8k.htm 8-K
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):  May 1, 2024

Vericel Corporation
(Exact name of registrant as specified in its charter)
 
Michigan
001-35280
94-3096597
(State or other jurisdiction of
(Commission File Number)
(I.R.S. Employer Identification No.)
incorporation)
    

64 Sidney Street
    
Cambridge, MA

02139
(Address of principal executive offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code:  (617) 588-5555

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 (see General Instruction A.2. below):

☐
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, no par value
  
VCEL
  
NASDAQ
 
Indicate by a check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§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 5.07
Submission of Matters to a Vote of Security Holders.

At the Company’s Annual Meeting of Shareholders held on May 1, 2024 (the “Annual Meeting”), the shareholders of the Company voted on the following matters, which are described in detail in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (“SEC”) on March 21, 2024: (i) the election of each of Robert Zerbe, Alan Rubino, Heidi Hagen, Steven Gilman, Kevin McLaughlin, Paul Wotton, Lisa Wright and Dominick Colangelo as a director of the Company to serve for a one-year term expiring at the Company’s 2025 annual meeting of shareholders and until his or her successor has been elected and qualified (“Proposal 1”), (ii) the approval, on a non-binding advisory basis, of the compensation of the named executive officers of the Company (“Proposal 2”), (iii) the frequency of future advisory votes to approve the compensation of our named executive officers (“Proposal 3”) and (iv) the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 (“Proposal 4”).

The Company’s shareholders approved the nominees recommended for election in Proposal 1 at the Annual Meeting.

Shareholders voted for directors as follows:

Nominee
  
For
  
Abstain/Withheld
  
Broker Non-Votes
  
Robert Zerbe
  
41,278,370
  
2,004,339
  
2,202,810
  
Alan Rubino
  
41,205,989
  
2,076,720
  
2,202,810
  
Heidi Hagen
  
35,218,337
  
8,064,372
  
2,202,810
  
Steven Gilman
  
42,205,350
  
1,077,359
  
2,202,810
  
Kevin McLaughlin
  
42,263,852
  
1,018,857
  
2,202,810
  
Paul Wotton
  
40,144,951
  
3,137,758
  
2,202,810
  
Lisa Wright
  
40,724,522
  
2,558,187
  
2,202,810
  
Dominick Colangelo
  
42,041,793
  
1,240,916
  
2,202,810
  

The Company’s shareholders approved, on a non-binding advisory basis, Proposal 2 concerning the compensation of the Company’s named executive officers. The votes cast at the Annual Meeting were as follows:

Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
  
41,241,020
  
2,005,128
  
36,561
  
2,202,810
  

The Company’s shareholders voted, on an advisory basis, that future advisory votes on executive compensation should be submitted to the stockholders every year. The votes cast at the Annual Meeting for Proposal 3 were as follows:

1 Year
2 Years
  
3 Years
  
Abstentions
  
Broker Non-Votes
  
42,535,836
25,539
  
695,196
  
26,138
  
2,202,810
  

The Board of Directors considered the voting results with respect to Proposal 3 and has determined that the Company will hold future non-binding advisory votes of the shareholders on the compensation of the Company’s named executive officers as set forth in the Company’s proxy statement every year until the next required advisory vote of the Company’s shareholders on the frequency of shareholder advisory votes on executive compensation.

The Company’s shareholders approved Proposal 4 to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered accounting firm for the fiscal year ending December 31, 2024. The votes cast at the Annual Meeting were as follows:

Votes For
  
Votes Against
  
Abstentions
43,592,984
  
1,867,944
  
24,591

Item 9.01
Financial Statements and Exhibits
 
(d)
Exhibits.
 
Exhibit No.
  
Description
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL)

EXHIBIT INDEX

Exhibit No.
  
Description
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL)

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.

 
Vericel Corporation
     
Date:  May 3, 2024
By:
/s/ Sean C. Flynn
   
Name: Sean C. Flynn
   
Title:  Chief Legal Officer


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