SEC Form DEF 14A filed by Century Therapeutics Inc.
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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☐
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| | Soliciting Material under §240.14a-12 | | |
![[MISSING IMAGE: lg_centurytherapeutics-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/lg_centurytherapeutics-4clr.jpg)
| | Payment of Filing Fee (Check all boxes that apply): | | | |||
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No fee required
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Fee paid previously with preliminary materials
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| | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 | | |
![[MISSING IMAGE: lg_centurytherapeutics-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/lg_centurytherapeutics-4clr.jpg)
Philadelphia, Pennsylvania 19104
To be Held on June 12, 2025
|
/s/ Joseph Jimenez
Joseph Jimenez
Chairman of the Board of Directors |
| |
/s/ Brent Pfeiffenberger, Pharm.D.
Brent Pfeiffenberger, Pharm.D.
President and Chief Executive Officer |
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FIRST BEING MADE AVAILABLE ON OR ABOUT APRIL 22, 2025.
![[MISSING IMAGE: lg_centurytherapeutics-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/lg_centurytherapeutics-4clr.jpg)
| Date: | | |
June 12, 2025
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| Time: | | |
9:00 a.m., Eastern Time
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Website Address:
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| | The meeting can be accessed by visiting https://web.lumiconnect.com/265375813 (password: century2025), where you will be able to listen to the meeting live, submit questions and vote online. There will be no physical location for stockholders to attend. | |
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Record Date:
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| | You can vote if you were a stockholder of record on April 16, 2025. | |
Senior Vice President, Finance and Operations, and Secretary
April 22, 2025
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SUMMARY INFORMATION
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TIME AND DATE
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RECORD DATE
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WEBSITE ADDRESS
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Thursday, June 12, 2025
9:00 a.m., Eastern Time |
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April 16, 2025
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The meeting can be accessed by visiting https://web.lumiconnect.com/265375813
(password: century2025), where you will be able to listen to the meeting live, submit questions and vote online. There will be no physical location for stockholders to attend. |
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VOTING MATTERS
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FOR MORE
INFORMATION |
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BOARD OF
DIRECTORS RECOMMENDATION |
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PROPOSAL 1: Election of Class I Directors for a Three-Year Term Expiring in 2028
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Page 35
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✓
FOR Each Nominee
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Daphne Quimi
Carlo Rizzuto, Ph.D. |
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PROPOSAL 2: Ratification of Appointment of EY as our Independent Registered Public Accounting Firm for 2025
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Page 36
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✓
FOR
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NAME
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AGE
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DIRECTOR
SINCE |
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OCCUPATION
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INDEPENDENT
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COMMITTEE MEMBERSHIPS
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AC
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CC
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NCGC
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Daphne Quimi
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59
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2022
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Former Chief Financial Officer of Amicus Therapeutics, Inc.
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Yes
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C
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M
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Carlo Rizzuto, Ph.D.
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54
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2018
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Managing Partner, Versant Ventures
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Yes
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C
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M
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AC = Audit Committee
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CC = Compensation Committee
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C = Chair
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SUMMARY INFORMATION
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NCGC = Nominating and Corporate Governance Committee
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M = Member
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GOVERNANCE ITEMS
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| | Size of Board (set by the Board) | | |
8
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| | Number of Independent Directors | | |
7
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| | Independent Chairman of the Board | | |
Yes
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| | Board Self-Evaluation | | |
Annual
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| | Review of Independence of Board | | |
Annual
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| | Independent Directors Meet Without Management Present | | |
Yes
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| | Voting Standard for Election of Directors in Uncontested Elections | | |
Plurality
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| | Diversity of Board background, experience and skills | | |
Yes
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TABLE OF CONTENTS
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TABLE OF CONTENTS
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GENERAL INFORMATION ABOUT THE MEETING
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![[MISSING IMAGE: ic_mailpho-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/ic_mailpho-4c.jpg)
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GENERAL INFORMATION ABOUT THE MEETING
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VOTING MATTERS
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VOTES REQUIRED
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TREATMENT OF
ABSTENTIONS AND BROKER NON-VOTES |
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BROKER
DISCRETIONARY VOTING |
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PROPOSAL 1: Election of Class I Directors for a Three-Year Term Expiring in 2028
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Plurality of the votes properly cast
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Abstentions and broker non-votes will have no effect on the outcome of the proposal
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No
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PROPOSAL 2: Ratification of Appointment of EY as our Independent Registered Public Accounting Firm for 2025
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Majority of the votes properly cast
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Abstentions and broker non-votes will have no effect on the outcome of the proposal
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Yes
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BOARD OF DIRECTORS
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GENERAL CRITERIA
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Proven integrity
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Capability to fairly and equally act in the best interest of our stockholders
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Prior or current leadership experience, including within the biotechnology and biopharmaceutical spheres
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Broad experience, diverse perspectives, and the ability to exercise sound judgment, and a judicious and critical temperament that will enable objective appraisal of management’s plans and programs
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Willingness and ability to devote sufficient time to Board responsibilities
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Diversity with respect to background, professional experience and perspectives
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BOARD OF DIRECTORS
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![[MISSING IMAGE: bc_skillsmatrix-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/bc_skillsmatrix-4c.jpg)
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BOARD OF DIRECTORS
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BOARD OF DIRECTORS
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DAPHNE QUIMI
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Key Skills: Investing and Capital Raising, Financial Competency
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Age: 59
Director Since: 2022 |
| | Committee Memberships: Audit (Chair), Nominating and Corporate Governance | | | Other Public Directorships: Amylyx Pharmaceuticals, Inc. | | |
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Ms. Quimi has been a member of our Board since September 2022. Ms. Quimi served as the Chief Financial Officer of Amicus Therapeutics, Inc., or Amicus, a public biotechnology company, from January 2019, until her retirement in August 2023. Previously she served as Amicus’ Senior Vice President, Finance and Corporate Controller from September 2007 until February 2019. Prior to Amicus, Ms. Quimi served as Director of Consolidations and External Reporting at Bristol-Myers Squibb. Prior to joining Bristol-Myers Squibb, Ms. Quimi also held roles of increasing responsibility in the finance department at Johnson & Johnson Services, Inc., or J&J, from May 1999 until July 2004. Ms. Quimi is currently a member of the board of directors of Amylyx Pharmaceuticals, Inc., a public biopharmaceutical company, where she has served since July 2021. Ms. Quimi has served as a member of the board of directors of Chiesi Group, a global pharmaceutical company, since January 2025. Ms. Quimi received a B.S. in accountancy from Monmouth University and an M.B.A. from the Stern School of Business of New York University. Ms. Quimi is also a certified public accountant in New Jersey.
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Skills & Qualifications: We believe that Ms. Quimi is qualified to serve on our Board due to her investment experience, experience in public accounting and financial reporting and knowledge of the biopharmaceutical industry.
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CARLO RIZZUTO, PH.D.
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Key Skills: Investing and Capital Raising, Industry Knowledge and Experience
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Age: 54
Director Since: 2018 |
| | Committee Memberships: Compensation (Chair), Nominating and Corporate Governance | | |
Other Public Directorships: N/A
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Dr. Rizzuto has served as a member of our Board since March 2018. From April 2018 until August 2018, Dr. Rizzuto was our President, Secretary and Treasurer. Dr. Rizzuto joined Versant Ventures in November 2012 where he currently serves as Managing Director, and has served in a variety of roles including operating principal, venture partner and partner. Prior to joining Versant Ventures, Dr. Rizzuto worked at Novartis AG, where he was a global program team director from 2010 until 2012. Dr. Rizzuto previously served as Chief Business Officer of Anokion SA, a biopharmaceutical company, from January 2014 to January 2017. Dr. Rizzuto previously served on the board of directors of Graphite Bio from March 2020 until March 2024, and Pandion Therapeutics, Inc. from January 2018 until March 2021. Dr. Rizzuto received a Ph.D. in virology from Harvard University and a B.A. in biology from the University of Virginia.
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Skills & Qualifications: We believe that Dr. Rizzuto is qualified to serve on our Board due to his knowledge and experience as an investor in the life sciences industry.
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BOARD OF DIRECTORS
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CYNTHIA BUTITTA
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Key Skills: Senior Executive and Public Company Experience
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Age: 70
Director Since: 2021 |
| | Committee Memberships: Audit, Compensation | | | Other Public Directorships: Olema Pharmaceuticals, Inc., UroGen Pharma Ltd., Autolus Therapeutics plc | | |
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Ms. Butitta has been a member of our Board since February 2021. Ms. Butitta has served as a member of the board of directors of Olema Pharmaceuticals, Inc., Autolus Therapeutics plc, and UroGen Pharma Ltd., publicly traded biopharmaceutical companies, since August 2020, March 2018 and October 2017, respectively. Ms. Butitta previously served as the Chief Operating Officer of Kite Pharma Inc., a biopharmaceutical company, from December 2013 to September 2017 and as its Executive Vice President and Chief Financial Officer from January 2014 to May 2016. From May 2011 to December 2012, Ms. Butitta was Senior Vice President and Chief Financial Officer at NextWave Pharmaceuticals, Inc., a specialty pharmaceutical company. Prior to that, Ms. Butitta served in senior leadership roles at Telik, Inc., a biopharmaceutical company, from 1998 to 2010, including Chief Operating Officer and Chief Financial Officer. Ms. Butitta received a B.S. with honors in business and accounting from Edgewood College and a M.B.A. in finance from the University of Wisconsin, Madison.
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Skills & Qualifications: We believe that Ms. Butitta is qualified to serve on our Board due to her extensive experience as a public company director, her knowledge of corporate finance and accounting, and her experience as a biopharmaceutical company executive.
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ALESSANDRO RIVA, M.D.
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Key Skills: Global Leadership Positions, Industry Knowledge and Experience
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Age: 64
Director Since: 2021 |
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Committee Memberships: Audit
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| | Other Public Directorships: BeiGene, Ltd. | | |
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Dr. Riva has been a member of our Board since May 2021. Dr. Riva has served as Chief Executive Officer of Transgene S.A., or Transgene, since May 2023, and chairman of the board of directors of Transgene since May 2022. Dr. Riva has served as a non-executive independent director of BeiGene, Ltd., a biotechnology company specialized in oncology therapeutics, since February 2022. Dr. Riva previously served as Chief Executive Officer of Intima Bioscience, Inc., or Intima, a privately held biotechnology company focused on oncology cell therapy and therapeutics, from September 2021 until April 2023. Prior to Intima, Dr. Riva served as the Chief Executive Officer of Ichnos Sciences, Inc., a biotechnology company focusing on oncology therapies from April 2019 until August 2021. Previously, Dr. Riva was the Executive Vice President and Global Head, Oncology Therapeutics and Cell Therapy at Gilead Sciences, Inc., or Gilead, a biotechnology company, from January 2017 to March 2019. Prior to Gilead, Dr. Riva served as the Executive Vice President and Global Head, Oncology Development and Medical Affairs at Novartis AG, a position he held from January 2005 until December 2016. Dr. Riva received his B.M.B.S. and M.D. in Oncology/Hematology from Università degli Studi di Milano.
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Skills & Qualifications: We believe that Dr. Riva is qualified to serve on our Board due to his extensive management experience at biotechnology companies.
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BOARD OF DIRECTORS
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TIMOTHY P. WALBERT
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Key Skills: Global Leadership Positions, Industry Knowledge and Experience
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Age: 58
Director Since: 2022 |
| | Committee Memberships: Compensation | | | Other Public Directorships: Mirum Pharmaceuticals, Inc.; Sagimet Biosciences Inc.; BioMarin, Inc. | | |
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Mr. Walbert has been a member of our Board since September 2022. He is currently a senior advisor to Amgen, a public biotech company, a position he has held since October 2023. Mr. Walbert was previously Chairman, President and Chief Executive Officer of Horizon Therapeutics from June 2008 to October 2023, when it was acquired by Amgen for $28 billion. Before joining Horizon, he was President, Chief Executive Officer and Director of IDM Pharma Inc., a public biotechnology company, which was acquired by Takeda in June 2009. Before IDM, Mr. Walbert served as Executive Vice President, Commercial Operations at NeoPharm Inc., a public biotechnology company. From 2001 to 2005, he was Divisional Vice President and General Manager, Immunology, at Abbott, now AbbVie, leading the global development and launch of the multi-indication biologic HUMIRA, and served as Divisional Vice President, Global Cardiovascular Strategy. From 1998 to 2001, Mr. Walbert served as Director, CELEBREX North America, and Arthritis team Leader, Asia Pacific, Latin America and Canada, at G.D. Searle & Company. From 1991 to 1998, he also held sales and marketing roles with increasing responsibility at G.D. Searle, Merck & Co. Inc. and Wyeth. He serves on the boards of Mirum Pharmaceuticals, a public biotech company and Sagimet Biosciences, a public biotech company. He is also a member of the National Organization for Rare Disorders, or NORD, Advisory Board, the Wall Street Journal CEO Council, the cNBC CEO Council and serves on the Board of Trustees of Muhlenberg College. He previously served on the board of directors for Aurinia Pharmaceuticals, a public pharmaceutical company, from 2020 to 2022, Exicure, a public biotechnology company, from 2019 to 2022, Assertio, a public biopharma company, from 2014 to 2020, Raptor Pharmaceutical Corp., a public biotechnology company, from 2010 to 2014; XOMA Corporation, a public biotechnology company, from 2011 to 2017 and Sucampo Pharmaceuticals Inc., a public biopharmaceutical company, from 2016 to 2018. He is also a member of Economic Club of Chicago, the Commercial Club of Chicago and the Civic Committee of the Commercial Club of Chicago. Mr. Walbert was a previous board member of the Biotechnology Innovation Organization, or BIO, the Pharmaceutical Research and Manufacturing Association, or PhRMA, the Illinois Biotechnology Innovation Organization, iBIO, and World Business Chicago. Mr. Walbert received a Bachelor of Arts in business from Muhlenberg College in Allentown, PA.
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Skills & Qualifications: We believe that Mr. Walbert is qualified to serve on our Board due to his extensive executive-level leadership experience in the biotechnology industry.
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KIMBERLY BLACKWELL, M.D.
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Key Skills: Industry Knowledge and Experience
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Age: 56
Director Since: 2021 |
| | Committee Memberships: Audit, Nominating and Corporate Governance | | | Other Public Directorships: Monte Rosa Therapeutics, Inc. | | |
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Dr. Blackwell has been a member of our Board since May 2021. Dr. Blackwell served as Chief Executive Officer of Zentalis Pharmaceuticals, Inc. from May 2022 until November 2024. Dr. Blackwell served as the Chief Medical Officer and Senior Vice President, Clinical Oncology Development at Tempus Labs, Inc., a biotechnology company, from March 2020 until May 2022. Previously, Dr. Blackwell was the Vice President of Early Phase and Immuno-oncology at Eli Lilly and Company, or Eli Lilly, a pharmaceutical company, from March 2018 until March 2020. Prior to Eli Lilly, Dr. Blackwell held positions at Duke Medical Center and Duke Cancer Institute as a Professor in the Department of Medicine from July 1997 until March 2018. Dr. Blackwell has served on the board of directors of Monte Rosa Therapeutics, Inc., a biotechnology company, June 2020. Previously, Dr. Blackwell served on the board of directors of Zentalis Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, since from July 2020 until November 2024. Dr. Blackwell received a B.A. in bioethics from Duke University and her M.D. from the Mayo Clinic Medical School.
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Skills & Qualifications: We believe that Dr. Blackwell is qualified to serve on our Board due to her experience on the boards of pharmaceutical companies and her extensive knowledge of the biotechnology and pharmaceutical industries.
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BOARD OF DIRECTORS
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JOSEPH JIMENEZ (CHAIRMAN)
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Key Skills: Senior Executive and Public Company Experience
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Age: 65
Director Since: 2019 |
| | Committee Memberships: Compensation, Nominating and Corporate Governance (Chair) | | | Other Public Directorships: Procter & Gamble Co, General Motors Co | | |
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Mr. Jimenez has served as a member of our Board since August 2019 and as Chairman of our Board since February 2021. Mr. Jimenez is currently Co-Founder and Managing Director of Aditum Bio Management Company LLC, or Aditum Bio, a venture capital firm. He has held this position since July 2019. Mr. Jimenez served as Chief Executive Officer of Novartis AG, a pharmaceutical company, from 2010 until his retirement in 2018. He led Novartis AG’s Pharmaceuticals Division from October 2007 until 2010 and its Consumer Health Division in 2007. From 2006 to 2007, Mr. Jimenez served as Advisor to the Blackstone Group L.P. Mr. Jimenez is currently a member of the board of directors of General Motors Company, where he has served since 2015. Mr. Jimenez has also been a member of the board of directors of The Proctor & Gamble Company since March 2018, where he is lead independent director. Additionally, Mr. Jimenez served on the board of directors of Graphite Bio from 2020 to 2024, Colgate-Palmolive Company from 2009 to 2015, and of AstraZeneca PLC, or AstraZeneca, from 2002 to 2007. Mr. Jimenez received a B.A. in economics from Stanford University and an M.B.A. from the University of California, Berkeley.
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Skills & Qualifications: We believe that Mr. Jimenez is qualified to serve on our Board due to his years of experience as a senior executive in the pharmaceutical industry, his extensive public company directorship experience, and his deep insights into our industry.
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BRENT PFEIFFENBERGER, PHARM.D.
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Key Skills: Senior Executive Experience and Global Industry Experience
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Age: 47
Director Since: 2023 |
| | Committee Memberships: None | | | Other Public Directorships: N/A | | |
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Dr. Pfeiffenberger has been a member of our Board as well as our President and Chief Executive Officer, since December 2023. Dr. Pfeiffenberger previously served as Chief Operating Officer of Neogene Therapeutics Inc., a clinical-stage biotechnology company, from May 2021 until December 2023. Prior to this, Dr. Pfeiffenberger held various positions at Bristol-Myers Squibb Company, or Bristol-Myers, a global biopharmaceutical company, including Senior Vice President and Head of U.S. Oncology from October 2019 until May 2021; Co-Lead of Worldwide Commercial Oncology from July 2018 until October 2019; General Manager for Australia and New Zealand from March 2016 until June 2018; and several additional leadership and managerial positions within Bristol-Myers prior to this. Dr. Pfeiffenberger received an M.B.A. from The Wharton School at the University of Pennsylvania and a Pharm.D. from Duquesne University.
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Skills & Qualifications: We believe that Dr. Pfeiffenberger’s over 20 years of global biopharmaceutical and biotechnology experience provide him with the qualifications and skills to serve as a director.
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CORPORATE GOVERNANCE AND RISK MANAGEMENT
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CORPORATE GOVERNANCE AND RISK MANAGEMENT
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![[MISSING IMAGE: fc_evaluat-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/fc_evaluat-4c.jpg)
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CORPORATE GOVERNANCE AND RISK MANAGEMENT
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DIRECTOR
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INDEPENDENCE
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BOARD
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AC
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CC
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NCGC
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| | Brent Pfeiffenberger, Pharm.D. | | |
No
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M
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| | Kimberly Blackwell, M.D. | | |
Yes
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M
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M
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M
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| | Cynthia Butitta | | |
Yes
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M
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M
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M
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| | Joseph Jimenez | | |
Yes
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C
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M
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C
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| | Daphne Quimi | | |
Yes
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M
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C
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M
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| | Alessandro Riva, M.D. | | |
Yes
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M
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M
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| | Carlo Rizzuto, Ph.D. | | |
Yes
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M
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C
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M
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| | Timothy P. Walbert | | |
Yes
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M
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M
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| AC = Audit Committee | | | CC = Compensation Committee | | | C = Chair | |
| NCGC = Nominating and Corporate Governance Committee | | | M = Member | |
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CORPORATE GOVERNANCE AND RISK MANAGEMENT
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THE AUDIT COMMITTEE
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Chair: Daphne Quimi
Additional Committee Members:
•
Kimberly Blackwell, M.D.
•
Cynthia Butitta
•
Alessandro Riva, M.D.
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Responsible for, among other things:
•
Appointing, compensating, evaluating, and overseeing a firm to serve as the independent registered public accounting firm to audit our consolidated financial statements;
•
Ensuring the independence of the independent registered public accounting firm;
•
Discussing the scope and results of the audit with the independent registered public accounting firm and reviewing, with management and that firm, our interim and year-end operating results;
•
Establishing procedures for employees to anonymously submit concerns about questionable accounting or audit matters;
•
Considering the adequacy of our internal controls and internal audit function;
•
Reviewing significant existing and emerging cybersecurity risks, including material cybersecurity incidents, the impact on us and our stockholders of any significant cybersecurity incident and any disclosure obligations arising from any such incidents;
•
Monitoring and reviewing legal, regulatory, and administrative compliance to the extent affecting our financial results;
•
Reviewing our Code of Conduct and any proposed waivers thereof, and recommending any changes or amendments to the Code of Conduct;
•
Reviewing, approving, ratifying or prohibiting material related party transactions;
•
Determining and reviewing risk assessment guidelines and policies, including cybersecurity risks, financial risk exposure, and internal controls regarding information security; and
•
Approving or, as permitted, pre-approving all audit and non-audit services to be performed by the independent registered public accounting firm.
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![]()
All members are deemed “independent” and financially literate under the applicable rules and regulations of the SEC and Nasdaq.
![]()
Cynthia Butitta qualifies as an “audit committee financial expert” within the meaning of SEC regulations.
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CORPORATE GOVERNANCE AND RISK MANAGEMENT
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THE NOMINATING & CORPORATE GOVERNANCE COMMITTEE
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Chair: Joseph Jimenez
Additional Committee Members:
•
Kimberly Blackwell, M.D.
•
Daphne Quimi
•
Carlo Rizzuto, Ph.D.
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Responsible for, among other things:
•
Developing and recommending selection criteria for new directors for our Board;
•
Identifying and recommending candidates for membership on our Board;
•
Reviewing and determining director independence annually and, as needed, as potential conflicts of interest arise;
•
Reviewing and recommending the assignment of directors to serve on each Board committee;
•
Reviewing and recommending changes to our Corporate Governance Guidelines;
•
Overseeing the succession planning process for our executive officers;
•
Overseeing the process of evaluating the performance of our Board; and
•
Assisting our Board on corporate governance matters.
|
|
|
![]()
All members are deemed “independent” under the applicable rules and regulations of the SEC and Nasdaq.
|
|
|
THE COMPENSATION COMMITTEE
|
| |||
|
Chair: Carlo Rizzuto, Ph.D.
Additional Committee Members:
•
Cynthia Butitta
•
Joseph Jimenez
•
Timothy P. Walbert
|
| |
Responsible for, among other things:
•
Reviewing and approving the compensation of our executive officers and recommending that our Board approve the compensation of our Chief Executive Officer;
•
Reviewing and recommending to our Board the compensation of our directors;
•
Administering our equity incentive plans and overseeing regulatory compliance related to such plans;
•
Reviewing and administering our compensation recovery policy;
•
Reviewing and approving, or making recommendations to our Board with respect to, incentive compensation and equity plans; and
•
Reviewing our overall compensation philosophy.
|
|
|
![]()
All members are “nonemployee directors” as defined by SEC rules
![]()
All members are deemed “independent” under the applicable rules and regulations of the SEC and Nasdaq.
|
|
|
CORPORATE GOVERNANCE AND RISK MANAGEMENT
|
|
![[MISSING IMAGE: fc_stockhol-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/fc_stockhol-4c.jpg)
|
HOW TO
COMMUNICATE WITH OUR DIRECTORS |
| |
By mail:
Corporate Secretary, Century Therapeutics, Inc. 25 North 38th Street, 11th Floor, Philadelphia, PA 19104 |
|
|
DIRECTOR COMPENSATION
|
|
|
COMPENSATION ELEMENTS — NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
|
| ||||||
|
Cash
|
| | | | | | |
|
Annual Retainer
|
| | | | | | |
|
Member Annual Retainer
|
| | | $ | 40,000 | | |
|
Chairperson Annual Retainer
|
| | | $ | 30,000 | | |
|
Annual Committee Chair Retainer
|
| | | | | | |
|
Audit
|
| | | $ | 15,000 | | |
|
Compensation
|
| | | $ | 10,000 | | |
|
Nominating and Corporate Governance
|
| |
$8,000
|
| |||
|
Annual Committee Member Retainer
|
| | | | | | |
|
Audit
|
| |
$7,500
|
| |||
|
Compensation
|
| |
$5,000
|
| |||
|
Nominating and Corporate Governance
|
| |
$4,000
|
| |||
|
Equity
|
| | | | | | |
|
Initial Equity Grant
|
| |
Option to purchase 88,000 shares of common stock, made to directors at the commencement of their director service, vesting monthly over a period of 36 months, subject generally to continued service with the Company
|
| |||
|
Annual Equity Retainer
|
| |
Option to purchase 44,000 shares of common stock, vesting in full on the sooner of the first anniversary of the date of grant or the next annual shareholder meeting, subject generally to continued service with the Company
|
|
|
DIRECTOR COMPENSATION
|
|
| |
NAME
|
| |
FEES EARNED OR PAID IN
CASH ($) |
| |
OPTION AWARDS
($)(1)(2) |
| |
TOTAL ($)
|
| |
| | Kimberly Blackwell, M.D. | | |
51,500
|
| |
81,092
|
| |
132,592
|
| |
| | Cynthia Butitta | | |
52,500
|
| |
81,092
|
| |
133,592
|
| |
| | Joseph Jimenez | | |
83,000
|
| |
81,092
|
| |
164,092
|
| |
| | Daphne Quimi | | |
59,000
|
| |
81,092
|
| |
140,092
|
| |
| | Alessandro Riva, M.D. | | |
47,500
|
| |
81,092
|
| |
128,592
|
| |
| | Carlo Rizzuto, Ph.D. | | |
54,000
|
| |
81,092
|
| |
135,092
|
| |
| | Timothy P. Walbert | | |
45,000
|
| |
81,092
|
| |
126,092
|
| |
|
INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM |
|
| |
SERVICE
|
| | |
2024 ($)
|
| | |
2023 ($)
|
| |
| | Audit Fees | | | |
893,114
|
| | |
727,700
|
| |
| | Audit-Related Fees | | | |
40,100
|
| | |
—
|
| |
| | Tax Fees | | | |
247,700
|
| | |
276,140
|
| |
| | All Other Fees | | | |
—
|
| | |
—
|
| |
| |
Total
|
| | |
1,180,914
|
| | |
1,003,840
|
| |
|
AUDIT COMMITTEE REPORT
|
|
BOARD OF DIRECTORS OF
CENTURY THERAPEUTICS, INC.
Cynthia Butitta
Kimberly Blackwell, M.D.
Alessandro Riva, M.D.
|
EXECUTIVE OFFICERS
|
|
| |
NAME
|
| |
POSITION
|
| |
AGE
|
| |
| | Brent Pfeiffenberger, Pharm.D. | | | President and Chief Executive Officer | | |
47
|
| |
| | Morgan Conn, Ph.D. | | | Chief Financial Officer | | |
56
|
| |
| | Gregory Russotti, Ph.D. | | | Chief Technology and Manufacturing Officer | | |
58
|
| |
| | Adrienne Farid, Ph.D. | | | Chief Development Officer | | |
63
|
| |
| | Chad Cowan, Ph.D. | | | Chief Scientific Officer | | |
53
|
| |
|
EXECUTIVE OFFICERS
|
|
|
EXECUTIVE COMPENSATION
|
|
| |
NAME AND
PRINCIPAL POSITION |
| |
YEAR
|
| |
SALARY
($) |
| |
BONUS
($) |
| |
STOCK
AWARDS ($) |
| |
OPTION
AWARDS ($)(1) |
| |
NON-EQUITY
INCENTIVE PLAN COMPENSATION ($)(2) |
| |
ALL OTHER
COMPENSATION ($)(3) |
| |
TOTAL
($) |
| |
| |
Brent Pfeiffenberger, Pharm.D., President
and Chief Executive Officer (4) |
| |
2024
|
| |
625,000
|
| |
450,000(5)
|
| |
92,614
|
| |
392,000
|
| |
360,938
|
| |
272,729(6)
|
| |
2,193,281
|
| |
|
2023
|
| |
49,716
|
| |
200,000(7)
|
| |
2,339,779
|
| |
621,167
|
| |
24,349
|
| |
—
|
| |
3,235,011
|
| | ||||
| |
Gregory Russotti, Ph.D., Chief Technology and Manufacturing Officer and former Interim President and Chief Executive Officer
|
| |
2024
|
| |
542,500
|
| |
—
|
| |
127,560
|
| |
547,413
|
| |
256,331
|
| |
13,800
|
| |
1,487,604
|
| |
|
2023
|
| |
564,364
|
| |
—
|
| |
—
|
| |
1,737,065
|
| |
275,000
|
| |
13,200
|
| |
2,589,630
|
| | ||||
| |
Adrienne Farid, Ph.D., Chief Development Officer
|
| |
2024
|
| |
513,050
|
| |
—
|
| |
127,560
|
| |
547,413
|
| |
215,481
|
| |
13,800
|
| |
1,417,304
|
| |
|
2023
|
| |
490,365
|
| |
—
|
| |
203,000
|
| |
836,627
|
| |
166,724
|
| |
13,200
|
| |
1,709,916
|
| |
|
EXECUTIVE COMPENSATION
|
|
|
EXECUTIVE COMPENSATION
|
|
|
EXECUTIVE COMPENSATION
|
|
| |
NAME
|
| |
GRANT DATE
|
| |
OPTION AWARDS
|
| |
STOCK AWARDS
|
| | |||||||||||||||
|
NUMBER OF
SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) EXERCISABLE |
| |
NUMBER OF
SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) UNEXERCISABLE |
| |
OPTION
EXERCISE PRICE ($) |
| |
OPTION
EXPIRATION DATE |
| |
NUMBER OF
SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED (#) |
| |
MARKET VALUE
OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED ($)(1) |
| | ||||||||||
| |
Brent Pfeiffenberger, Pharm.D.
|
| | | | 12/4/2023(2) | | | |
15,527
|
| |
46,584
|
| |
$1.61
|
| |
12/4/2033
|
| | | | | | | |
| | | 12/4/2023(2) | | | |
127,895
|
| |
383,685
|
| |
$1.61
|
| |
12/4/2033
|
| | | | | | | | ||||
| | | 12/4/2023(3) | | | | | | | | | | | | | | | |
880,331
|
| |
$889,134
|
| | ||||
| | | 3/7/2024(4) | | | | | | | | | | | | | | | |
17,425
|
| |
$17,599
|
| | ||||
| | | 3/7/2024(5) | | | |
—
|
| |
104,550
|
| |
$5.315
|
| |
3/7/2034
|
| | | | | | | | ||||
| |
Gregory Russotti, Ph.D.,
|
| | | | 3/18/2020(6) | | | |
7,731
|
| |
—
|
| |
$1.03
|
| |
03-17-2030
|
| | | | | | | |
| | | 4/16/2021(7) | | | |
88,678
|
| |
12,669
|
| |
$7.27
|
| |
04-15-2031
|
| | | | | | | | ||||
| | | 1/25/2022(8) | | | |
76,556
|
| |
28,444
|
| |
$13.15
|
| |
01-25-2032
|
| | | | | | | | ||||
| | | 2/2/2023(5) | | | |
80,204
|
| |
94,796
|
| |
$4.64
|
| |
2/2/2033
|
| | | | | | | | ||||
| | | 2/2/2023(5) | | | |
80,204
|
| |
94,796
|
| |
$4.64
|
| |
2/2/2033
|
| | | | | | | | ||||
| | | 4/12/2023(5) | | | |
132,807
|
| |
185,943
|
| |
$2.91
|
| |
4/12/2033
|
| | | | | | | | ||||
| | | 3/7/2024(5) | | | | | | |
146,000
|
| |
$5.315
|
| |
3/7/2034
|
| | | | | | | | ||||
| | | 3/7/2024(4) | | | | | | | | | | | | | | | |
24,000
|
| |
$24,240
|
| | ||||
| |
Adrienne Farid, Ph.D.
|
| | | | 7/18/2019(10) | | | | | | | | | |
$1.03
|
| |
7/17/2029
|
| | | | | | | |
| | | 10/01/2020(9) | | | |
15,462
|
| | | | |
$1.75
|
| |
09/30/2030
|
| | | | | | | | ||||
| | | 4/16/2021(7) | | | |
181,592
|
| |
25,957
|
| |
$7.27
|
| |
4/15/2031
|
| | | | | | | | ||||
| | | 1/25/2022(8) | | | |
76,556
|
| |
28,444
|
| |
$13.15
|
| |
1/25/2032
|
| | | | | | | | ||||
| | | 2/2/2023(5) | | | |
60,152
|
| |
71,098
|
| |
$4.64
|
| |
2/2/2033
|
| | | | | | | | ||||
| | | 2/2/2023(5) | | | |
60,152
|
| |
71,098
|
| |
$4.64
|
| |
2/2/2033
|
| | | | | | | | ||||
| | | 2/2/2023(4) | | | | | | | | | | | | | | | |
12,306
|
| |
$12,429
|
| | ||||
| | | 2/2/2023(4) | | | | | | | | | | | | | | | |
12,306
|
| |
$12,429
|
| | ||||
| | | 3/7/2024(5) | | | | | | |
146,000
|
| |
$5.315
|
| |
3/7/2034
|
| | | | | | | | ||||
| | | 3/7/2024(4) | | | | | | | | | | | | | | | |
24,000
|
| |
$24,240
|
| |
|
EXECUTIVE COMPENSATION
|
|
|
EXECUTIVE COMPENSATION
|
|
|
CERTAIN RELATIONSHIPS AND RELATED PARTY
TRANSACTIONS |
|
|
CERTAIN RELATIONSHIPS AND RELATED PARTY
TRANSACTIONS |
|
|
CERTAIN RELATIONSHIPS AND RELATED PARTY
TRANSACTIONS |
|
|
EQUITY COMPENSATION PLAN INFORMATION
|
|
| |
Plan Category
|
| | |
Number of
securities to be issued upon exercise of outstanding options and other rights |
| | |
Weighted-
average exercise price of outstanding options and other rights(1) |
| | |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |
| | | | | |
(a)
|
| | |
(b)
|
| | |
(c)
|
| |
| | Equity compensation plans approved by security holders(2) | | | |
5,310,229(3)
|
| | |
$5.66
|
| | |
4,536,457(4)
|
| |
| | Equity compensation plans not approved by security holders | | | |
—
|
| | |
—
|
| | |
—
|
| |
| | Total | | | |
5,310,229
|
| | |
$5.66
|
| | |
4,536,457
|
| |
|
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT |
|
| |
NAME OF BENEFICIAL OWNER
|
| |
SHARES BENEFICIALLY OWNED
|
| | |||
|
NUMBER OF SHARES
|
| |
PERCENTAGE
|
| | ||||
| | Greater than 5% Stockholders | | | | | | | | |
| | Versant Entities(1) | | |
12,166,109
|
| |
14.1%
|
| |
| | FUJIFILM Cellular Dynamics, Inc.(2) | | |
6,955,207
|
| |
8.1%
|
| |
| | Bayer World Investments B.V.(3) | | |
12,675,838
|
| |
14.7%
|
| |
| | Bain Capital Life Sciences Opportunities III, LP(4) | | |
5,320,331
|
| |
6.2%
|
| |
| | Venrock Healthcare Capital Partners III, L.P.(5) | | |
3,957,186
|
| |
4.6%
|
| |
| | Casdin Capital, LLC(6) | | |
4,592,316
|
| |
5.3%
|
| |
| | Named Executive Officers and Directors | | | | | | | | |
| | Brent Pfeiffenberger, Pharm.D.(7) | | |
727,235
|
| |
*
|
| |
| | Gregory Russotti, Ph.D.(8) | | |
987,632
|
| |
*
|
| |
| | Adrienne Farid, Ph.D(9) | | |
758,737
|
| |
*
|
| |
| | Kimberly Blackwell, M.D.(10) | | |
183,227
|
| |
*
|
| |
| | Cynthia Butitta(11) | | |
182,680
|
| |
*
|
| |
| | Daphne Quimi(12) | | |
83,224
|
| |
*
|
| |
| | Joseph Jimenez(13) | | |
578,089
|
| |
*
|
| |
| | Timothy P. Walbert(14) | | |
78,224
|
| |
*
|
| |
| | Alessandro Riva, M.D.(15) | | |
183,227
|
| |
*
|
| |
| | Carlo Rizzuto, Ph.D.(16) | | |
103,616
|
| |
*
|
| |
| | All executive officers and directors as a group (13 persons) | | |
4,346,256
|
| |
5.0%
|
| |
|
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT |
|
|
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT |
|
|
ITEMS TO BE VOTED ON
|
|
| |
OUR BOARD UNANIMOUSLY RECOMMENDS STOCKHOLDERS VOTE FOR THE
ELECTION OF DAPHNE QUIMI AND CARLO RIZZUTO, PH.D. |
| |
✓
|
| |
|
ITEMS TO BE VOTED ON
|
|
| |
THE BOARD UNANIMOUSLY RECOMMENDS A VOTE FOR THE RATIFICATION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025.
|
| |
✓
|
| |
|
OTHER INFORMATION
|
|
|
OTHER INFORMATION
|
|
![[MISSING IMAGE: px_centuryproxy1pg01-bwlr.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/px_centuryproxy1pg01-bwlr.jpg)
![[MISSING IMAGE: px_centuryproxy1pg02-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001850119/000110465925037419/px_centuryproxy1pg02-bw.jpg)