Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 3, 2022, the board of directors (the "Board") of Quanterix Corporation (the "Company") appointed Karen A. Flynn to serve on the Board, effective as of June 6, 2022. Ms. Flynn will serve as a Class I director with a term that will expire at the Company's 2024 annual meeting of stockholders.

There is no arrangement or understanding between Ms. Flynn and any other person pursuant to which she was selected as a director of the Company, and there is no family relationship between Ms. Flynn and any of the Company's other directors or executive officers. Ms. Flynn does not have a material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K.

In accordance with the Company's non-employee director compensation policy (the "Policy"), Ms. Flynn will receive an equity award valued at $400,000 comprised of (i) 60% non-qualified stock options to purchase the Company's common stock at an exercise price equal to the closing price of the common stock on June 6, 2022 and (ii) 40% RSUs. The options vest over three years from the date of grant, with one-third vesting on the first anniversary and the remainder vesting over the following two years in 24 successive equal monthly installments. The RSUs vest over a three-year period, with one-third vesting on each of the first, second, and third anniversaries of the grant date. Ms. Flynn will also receive annual compensation and annual equity awards as further provided in the Policy. A description of the Policy is available in the Company's proxy statement filed with the Securities and Exchange Commission on April 29, 2022 (File No. 001-38319) under the heading "Executive Officer and Director Compensation - Director Compensation - Non-Employee Director Compensation Policy."

A copy of the press release dated June 6, 2022 announcing the appointment of Ms. Flynn is filed as Exhibit 99.1 hereto and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits



Exhibit
  No.      Description
  99.1       Press Release dated June 6, 2022.
104        Cover Page Interactive Data File (embedded within the inline XBRL document)

© Edgar Online, source Glimpses