Veracyte Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$VCYT
Medical Specialities
Health Care
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): June 17, 2025
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As further described in Item 5.07 to this Current Report on Form 8-K (this “Report”), on June 17, 2025, at the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Veracyte, Inc. (the “Company”), the Company’s stockholders approved an amendment to the Company’s 2023 Equity Incentive Plan (the “2023 Plan”) to increase the number of shares of the Company’s Common Stock, $0.001 par value, reserved for issuance under the 2023 Plan by 2,500,000 shares (the “2023 Plan Amendment”). The 2023 Plan Amendment had been approved, subject to stockholder approval, by the Company’s Board of Directors on April 14, 2025.
A more complete description of the 2023 Plan Amendment can be found in “Proposal No. 5 – Approval of Amendment to Veracyte, Inc. 2023 Equity Incentive Plan” in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 29, 2025 (the “Proxy Statement”), which description is incorporated by reference herein. The foregoing description and the description incorporated by reference from the Proxy Statement are qualified in their entirety by reference to the 2023 Plan, as amended, a copy of which is filed as Exhibit 10.1 to this Report and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The stockholders of the Company voted on the following proposals at the Annual Meeting. The results of such votes are as follows:
1. The following directors were nominated to serve until the 2026 annual meeting of stockholders or until their successors are duly elected and qualified:
| For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||
| Eliav Barr | 69,359,611 | 319,707 | 10,908 | 2,662,888 | |||||||||||||||||||
| Muna Bhanji | 59,556,296 | 9,588,360 | 545,570 | 2,662,888 | |||||||||||||||||||
| Karin Eastham | 67,986,084 | 1,693,356 | 10,786 | 2,662,888 | |||||||||||||||||||
| Jens Holstein | 69,210,987 | 468,451 | 10,788 | 2,662,888 | |||||||||||||||||||
| Tom Miller | 69,363,357 | 252,277 | 74,592 | 2,662,888 | |||||||||||||||||||
| Brent Shafer | 67,103,688 | 2,503,195 | 83,343 | 2,662,888 | |||||||||||||||||||
| Marc Stapley | 68,740,790 | 609,523 | 339,913 | 2,662,888 | |||||||||||||||||||
Each of the seven nominees for director was elected to serve until the 2026 annual meeting of stockholders and until their successors are duly elected and qualified.
2. The ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2025:
| For | Against | Abstain | ||||||||||||
| 72,172,533 | 165,657 | 14,924 | ||||||||||||
The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
3. The approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 67,829,470 | 1,849,211 | 11,545 | 2,662,888 | |||||||||||||||||
The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers.
4. The selection, on a non-binding advisory basis, of whether future advisory votes on the compensation of the Company’s named executive officers should be held every one, two or three years:
| One Year | Two Years | Three Years | Abstain | |||||||||||||||||
| 66,846,469 | 48,744 | 2,783,951 | 11,062 | |||||||||||||||||
The stockholders approved, on a non-binding advisory basis, that future non-binding advisory votes on the compensation of the Company’s named executive officers be held every year. Consistent with the results of the advisory vote and with the Company’s recommendation, the Company’s Board of Directors has determined that the Company will conduct future stockholder non-binding advisory votes regarding the compensation to be paid by the Company to its named executive officers every year. This policy will remain in effect until the next stockholder vote on the frequency of stockholder advisory votes on the compensation of named executive officers, expected to be held at the Company’s 2031 Annual Meeting of Stockholders.
5. The approval of the 2023 Plan Amendment:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 50,604,131 | 19,070,837 | 15,258 | 2,662,888 | |||||||||||||||||
The stockholders approved the 2023 Plan Amendment.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
* Filed herewith.
SIGNATURE
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.
| Dated: | June 18, 2025 | ||||||||||
| VERACYTE, INC. | |||||||||||
| By: | /s/ Rebecca Chambers | ||||||||||
| Name: | Rebecca Chambers | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
| (Principal Financial Officer) | |||||||||||