Proposal Number |
| |
Proposal Description
|
| |
Vote Required for Approval
|
| |
Effect of
Abstentions |
| |
Effect of
Broker Non-Votes |
|
1
|
| | Approval of the Amendment to the Articles to Declassify the Board and Provide for Annual Election of Directors | | | “For” votes from the holders of at least two-thirds of the shares outstanding on the record date. | | |
Against
|
| |
Against
|
|
2
|
| | Election of Directors | | | The nominees receiving the most “For” votes cast will be elected to the Board of Directors. If Proposal 1 is approved by the shareholders, then eight nominees will stand for election at this annual meeting; if, however, Proposal 1 does not pass, then seven nominees will stand for election at this annual meeting. | | |
None
|
| |
None
|
|
3
|
| | Ratification of the Audit Committee’s selection of Ernst & Young as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019 | | | The number of shares that cast a vote “For” the proposal must exceed the number of shares that cast a vote “Against” the proposal. | | |
None
|
| |
None
|
|
Name
|
| |
Age
|
| |
Position
|
| |
Class
|
|
Richard J. Bastiani, Ph.D.(3) | | |
77
|
| | Chairman of the Board | | |
III
|
|
Richard Bear | | |
57
|
| | Director | | |
II
|
|
Jeremy Curnock Cook(1)(2) | | |
70
|
| | Director | | |
III
|
|
H. Stewart Parker(1)(3) | | |
64
|
| | Director | | |
II
|
|
Todd R. Patrick | | |
57
|
| | Chief Executive Officer, Director | | |
III
|
|
Joseph M. Patti, Ph.D.(2)(3) | | |
55
|
| | Director | | |
I
|
|
Michael S. Perry, D.V.M., Ph.D.(1)(2) | | |
60
|
| | Director | | |
I
|
|
Todd C. Peterson, Ph.D. | | |
61
|
| | Director | | |
II
|
|
Name
|
| |
Audit
|
| |
Compensation
|
| |
Nominating and
Corporate Governance |
| |||||||||
Jeremy Curnock Cook
|
| | | | | | | | | | X | | | | | | X* | | |
Louis Drapeau
|
| | | | X* | | | | | | X | | | | | | X | | |
Michael S. Perry, Ph.D.
|
| | | | X | | | | | | X* | | | | | | X | | |
Vijay B. Samant
|
| | | | X | | | | | | | | | | | | | | |
Paul C. Grint, M.D.
|
| | | | | | | | | | | | | | | | | | |
Wendy S. Johnson
|
| | | | | | | | | | | | | | | | | | |
Total meetings during 2018
|
| | | | 4 | | | | | | 1 | | | | | | — | | |
Name
|
| |
Audit(1)
|
| |
Compensation
|
| |
Nominating and
Corporate Governance |
| |||||||||
Richard J. Bastiani, Ph.D.
|
| | | | | | | | | | | | | | | | X* | | |
Richard Bear
|
| | | | | | | | | | | | | | | | | | |
Jeremy Curnock Cook
|
| | | | X | | | | | | X | | | | | | | | |
H. Stewart Parker
|
| | | | X* | | | | | | | | | | | | X | | |
Todd R. Patrick
|
| | | | | | | | | | | | | | | | | | |
Joseph M. Patti, Ph.D.
|
| | | | | | | | | | X | | | | | | X | | |
Michael S. Perry, D.V.M., Ph.D.
|
| | | | X | | | | | | X* | | | | | | | | |
Todd C. Peterson, Ph.D.
|
| | | | | | | | | | | | | | | | | | |
| | |
Fiscal Year
Ended December 31, 2018 |
| |
Fiscal Year
Ended December 31, 2017 |
| ||||||
Audit Fees(1)
|
| | | $ | 270,000 | | | | | $ | 324,000 | | |
Audit Related Fees(2)
|
| | | | 120,560 | | | | | | 97,000 | | |
Tax Fees
|
| | | | — | | | | | | — | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 390,560 | | | | | $ | 421,000 | | |
| | |
Fiscal Year Ended
December 31, 2018 |
| |
Fiscal Year Ended
December 31, 2017 |
| ||||||||||||
| | |
E&Y
|
| |
E&Y
|
| |
PwC
|
| |||||||||
Audit Fees(1)
|
| | | $ | 273,207 | | | | | $ | 150,523 | | | | | $ | 132,650 | | |
Audit Related Fees(2)
|
| | | | 50,482 | | | | | | — | | | | | | 943 | | |
Tax Fees
|
| | | | — | | | | | | — | | | | | | — | | |
All Other Fees
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | $ | 323,689 | | | | | $ | 150,523 | | | | | $ | 133,593 | | |
Name
|
| |
Age
|
| |
Position(s)
|
| |||
Todd R. Patrick | | | | | 57 | | | | Chief Executive Officer & Director | |
Brian Varnum, Ph.D. | | | | | 59 | | | | President & Chief Development Officer | |
Steve R. Martin | | | | | 58 | | | | Chief Financial Officer | |
Duane Morris | | | | | 69 | | | | Vice President, Operations | |
| | |
Beneficial Ownership
|
| |||||||||
Beneficial Owner
|
| |
Number of Shares
|
| |
Percent of Total
|
| ||||||
Greater than 5% Shareholders | | | | | | | | | | | | | |
Delta Dental of Wisconsin
|
| | | | 2,107,675(1) | | | | | | 21.2% | | |
Delta Dental Plan of Michigan, Inc.
|
| | | | 1,265,802(2) | | | | | | 12.7% | | |
Delta Dental of California
|
| | | | 990,643(3) | | | | | | 10.0% | | |
Delta Dental Plan of South Dakota
|
| | | | 887,813(4)(17) | | | | | | 8.9% | | |
Corvesta, Inc.
|
| | | | 633,944(5) | | | | | | 6.4% | | |
Synthetic Genomics
|
| | | | 516,976(4) | | | | | | 5.2% | | |
Directors and Named Executive Officers | | | | | | | | | | | | | |
Richard J. Bastiani, Ph.D. (Director)
|
| | | | 14,698(6) | | | | | | * | | |
Richard Bear (Director)
|
| | | | — | | | | | | — | | |
Jeremy Curnock Cook (Director)
|
| | | | 30,860(7) | | | | | | * | | |
H. Stewart Parker (Director)
|
| | | | 14,698(8) | | | | | | * | | |
Joseph M. Patti, Ph.D. (Director)
|
| | | | — | | | | | | — | | |
Michael S. Perry, D.V.M., Ph.D. (Director)
|
| | | | 30,592(9) | | | | | | * | | |
Todd C. Peterson, Ph.D. (Director)
|
| | | | — | | | | | | — | | |
Todd R. Patrick (Chief Executive Officer and Director)
|
| | | | 260,142(10) | | | | | | 2.6% | | |
Brian Varnum, Ph.D. (President and Chief Development Officer)
|
| | | | 73,991(11) | | | | | | * | | |
Steve R. Martin (Chief Financial Officer)
|
| | | | 7,244(12) | | | | | | * | | |
Duane Morris (Vice President of Operations)
|
| | | | 33,543(13) | | | | | | * | | |
Paul C. Grint, M.D. (Former Chief Executive Officer)
|
| | | | 1,828(14) | | | | | | * | | |
Igor P. Bilinsky, Ph.D. (Former Senior Vice President and Chief Operating Officer)
|
| | | | —(15) | | | | | | — | | |
All current executive officers and directors as a group (11 persons)(16)
|
| | | | 436,039 | | | | | | 4.3% | | |
Name and Principal Position
|
| |
Year
|
| |
Salary ($)
|
| |
Bonus ($)
|
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
All Other
Compensation ($) |
| |
Total ($)
|
| |||||||||||||||||||||
Paul C. Grint, M.D.
Former Chief Executive Officer(2) |
| | | | 2018 | | | | | | 475,000 | | | | | | — | | | | | | — | | | | | | 143,000 | | | | | | — | | | | | | 618,000 | | |
| | | 2017 | | | | | | 277,083 | | | | | | — | | | | | | 154,163 | | | | | | 50,000 | | | | | | 18,750(4) | | | | | | 499,996 | | | ||
Steve Martin
Senior VP and Chief Financial Officer |
| | | | 2018 | | | | | | 320,000 | | | | | | — | | | | | | — | | | | | | 109,000 | | | | | | — | | | | | | 429,000 | | |
| | | 2017 | | | | | | 320,000 | | | | | | — | | | | | | 154,072 | | | | | | 173,409 | | | | | | — | | | | | | 647,481 | | | ||
Igor P. Bilinsky, Ph.D.
Former Senior VP and Chief Operating Officer(3) |
| | | | 2018 | | | | | | 350,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 350,000 | | |
| | | 2017 | | | | | | 323,525 | | | | | | — | | | | | | 201,173 | | | | | | 183,805 | | | | | | — | | | | | | 708,503 | | |
Name
|
| |
Number of Securities
Underlying Unexercised Options (#) Exercisable |
| |
Number of Securities
Underlying Unexercised Options (#) Unexercisable |
| |
Equity Incentive Plan
Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Dr. Grint(5) | | | | | 89(1) | | | | | | 26(1)(4) | | | | | | — | | | | | | 791.00 | | | |
11/4/2025
|
|
| | | | | | | | | | | | | | | | | 20,365(2) | | | | | | 12.74 | | | |
9/6/2027
|
|
| | | | | 4,242 | | | | | | 9,334(1)(4) | | | | | | — | | | | | | 12.74 | | | |
9/6/2027
|
|
| | | | | 4,331 | | | | | | 9,360 | | | | | | | | | | | | | | | | | |
Mr. Martin | | | | | 520(1) | | | | | | 193(1) | | | | | | — | | | | | | 399.00 | | | |
1/17/2026
|
|
| | | | | 1,152(3) | | | | | | — | | | | | | — | | | | | | 60.20 | | | |
3/31/2021
|
|
| | | | | 3,102 | | | | | | 6,826(1) | | | | | | — | | | | | | 12.74 | | | |
9/6/2027
|
|
| | | | | 4,774 | | | | | | 7,019 | | | | | | | | | | | | | | | | | |
Dr. Bilinsky(5) | | | | | 846 | | | | | | 919(1)(4) | | | | | | — | | | | | | 64.40 | | | |
1/29/2027
|
|
| | | | | 1,260(3) | | | | | | — | | | | | | — | | | | | | 60.20 | | | |
3/31/2021
|
|
| | | | | 2,464 | | | | | | 3,761(1)(4) | | | | | | — | | | | | | 10.36 | | | |
5/29/2027
|
|
| | | | | 4,570 | | | | | | 4,680 | | | | | | | | | | | | | | | | | |
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Option Awards ($)
|
| |
All Other
Compensation ($) |
| |
Total ($)
|
| ||||||||||||
Jeremy Curnock Cook(1)
|
| | | | 70,000 | | | | | | — | | | | | | — | | | | | | 70,000 | | |
Louis Drapeau(2)(6)
|
| | | | 63,000 | | | | | | — | | | | | | — | | | | | | 63,000 | | |
Michael S. Perry, Ph.D.(3)
|
| | | | 59,000 | | | | | | — | | | | | | — | | | | | | 59,000 | | |
Vijay Samant(4)(6)
|
| | | | 46,000 | | | | | | — | | | | | | — | | | | | | 46,000 | | |
Wendy S. Johnson(5)(6)
|
| | | | 40,000 | | | | | | — | | | | | | — | | | | | | 40,000 | | |
Related Person
|
| |
Shares
Issued |
| |
Accrued
Dividends Waived |
| ||||||
Pendinas Limited
|
| | | | 4,175 | | | | | $ | 1,504,433 | | |
One Funds
|
| | | | 1,223 | | | | | $ | 440,859 | | |