Spero Therapeutics Inc.
06/25/2026 | Press release | Distributed by Public on 06/25/2026 15:09
Proxy Results, Amendments to Bylaws, Management Change/Compensation (Form 8-K)
| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Approval of the 2026 Stock Incentive Plan
At the 2026 Annual Meeting of Stockholders (the "Annual Meeting") of Spero Therapeutics, Inc. (the "Company") held on June 23, 2026, the Company's stockholders approved the Spero Therapeutics, Inc. 2026 Stock Incentive Plan (the "2026 Plan"), which had previously been adopted by the Company's board of directors (the "Board"), subject to stockholder approval. Subject to adjustments in accordance with the 2026 Plan, up to 12,895,866 shares of common stock may be issued from time to time pursuant to the 2026 Plan.
The description of the 2026 Plan is contained on pages 49 to 59 of the Company's proxy statement for the Annual Meeting (the "Proxy Statement"), filed with the Securities and Exchange Commission (the "SEC") on April 27, 2026, is incorporated herein by reference. A complete copy of the 2026 Plan is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 5.03 |
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
Amendment to Articles of Incorporation
At the Annual Meeting, the stockholders of the Company approved an amendment to the Company's Amended and Restated Certificate of Incorporation, to increase the total number of shares of common stock authorized for issuance thereunder from 120,000,000 shares to 240,000,000 shares. The certificate of amendment to the Company's Amended and Restated Certificate of Incorporation (the "Certificate of Amendment") was filed with the Secretary of State of the State of Delaware on June 23, 2026 and became effective upon filing.
The foregoing description is qualified in its entirety by the Certificate of Amendment, which is attached as Exhibit 3.1 and is incorporated herein by reference.
| Item 5.07 |
Submission of Matters to a Vote of Stockholders |
On June 23, 2026, the Company held its Annual Meeting. Of the 57,901,493 shares of common stock issued and outstanding and eligible to vote as of the record date of April 24, 2026, a quorum of 41,061,190 shares, or approximately 70.91% of the outstanding shares, were present in person or by proxy at the Annual Meeting.
The following actions were taken at the Annual Meeting:
| 1. |
The following nominees were reelected to serve on the Company's board of directors as Class III directors until the Company's 2029 annual meeting of stockholders, based on the following votes: |
|
Name |
Votes For | Votes Withheld | Broker Non-Votes | |||||||||
|
Milind Deshpande, Ph.D. |
26,745,670 | 2,254,740 | 12,060,780 | |||||||||
|
Kathleen Tregoning |
28,259,925 | 740,485 | 12,060,780 | |||||||||
| 2. |
The selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified, based on the following votes: |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|||
| 40,866,196 | 189,300 | 5,694 | N/A |
| 3. |
The advisory vote on the compensation of the Company's named executive officers, as described in the Proxy Statement, was approved, based on the following votes: |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|||
| 27,890,254 | 1,002,982 | 107,174 | 12,060,780 |
| 4. |
The amendment to the Company's Amended and Restated Certificate of Incorporation to increase the total number of shares of common stock authorized for issuance thereunder from 120,000,000 shares to 240,000,000 shares, was approved, based on the following votes: |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|||
| 30,356,780 | 10,558,645 | 145,765 | N/A |
| 5. |
The Spero Therapeutics, Inc. 2026 Stock Incentive Plan, was approved, based on the following votes: |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|||
| 25,379,610 | 3,567,416 | 53,384 | 12,060,780 |
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