Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
A description of the material terms and conditions of the Amended 2014 ESPP is
set forth under the heading "Proposal 5: Amendment to the 2014 Employee Stock
Purchase Plan" in the Company's Definitive Proxy Statement for the 2022 Annual
Meeting, filed with the
Item 5.07. Submission of Matters to a Vote of Security Holders.
As of
At the Annual Meeting, the Company's shareholders voted on the following proposals:
1. The following nominees were elected to the Company's Board as Class II directors for terms expiring at the 2025 annual meeting of stockholders. Broker Non- Class II Director Nominee For Withheld Votes James Frates 35,116,826 14,376,445 3,010,907 George Golumbeski, Ph.D. 34,401,068 15,092,203 3,010,907 Kevin Starr 39,744,280 9,748,991 3,010,907 2. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the fiscal year endingDecember 31, 2022 , was ratified. For Against Abstain Broker Non-Votes 52,317,916 179,791 6,471 0 3. A non-binding, advisory proposal on the compensation of the Company's named executive officers was not approved. For Against Abstain Broker Non-Votes 21,456,919 27,921,824 114,528 3,010,907
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4. A non-binding, advisory proposal on the frequency of future stockholder advisory votes on the compensation of the Company's named executive officers was approved. One Year Two Years Three Years Abstain Broker Non-Votes 49,186,027 17,732 270,585 18,927 3,010,907
After taking into consideration the foregoing voting results and the Board's prior recommendation in favor of an annual advisory shareholder vote on the compensation of the Company's named executive officers, the Board intends to hold future advisory votes on the compensation of the Company's named executive officers every year.
5. The amendment to the 2014 ESPP to increase the number of shares of the Company's common stock authorized for issuance thereunder by 300,000 shares was approved. For Against Abstain Broker Non-Votes 46,310,174 3,172,178 10,919 3,010,907
No other matters were submitted to or voted on by the Company's stockholders at the Annual Meeting.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description 99.1Sage Therapeutics, Inc. 2014 Employee Stock Purchase Plan, as amended, incorporated herein by reference to Appendix A to the Definitive Proxy Statement, filed with theSecurities and Exchange Commission onApril 28, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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