UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Emerging growth company
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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.
Appointment of Robert Faulkner to Board of Directors
Upon the recommendation of the Nominating & Corporate Governance Committee of the Board of Directors (the “Board”) of Augmedix, Inc., a Delaware corporation (the “Company”), on April 10, 2023, the Board appointed Robert Faulkner to serve as a Class III director, effective as of April 14, 2023. The term of each Class III director of the Company will expire at the Company’s 2023 annual meeting of stockholders unless such director is re-elected for a new three-year term.
Mr. Faulkner has been a Managing Director at Redmile Group, LLC, a health care-focused investment firm, since February 2008. Mr. Faulkner has served on the board of directors of MedAvail Holdings, Inc. (MedAvail) since November 2020 and as chairman of MedAvail’s board of directors since January 2022, as well as the Chairman of the board of directors of Science 37 Holdings, Inc. since October 2021. Prior to Redmile, Mr. Faulkner was a sell-side equity analyst for 16 years, from 1992 to 2008, including at Hambrecht & Quist (now JPMorgan), Thomas Weisel Partners (now Stifel Financial Corp.) and SG Warburg & Co. (now UBS). Mr. Faulkner holds an A.B. from Harvard College and an MBA from the Tuck School of Business at Dartmouth College.
Mr. Faulkner’s compensation for serving as a director of the Board consists of a cash fee in the amount of $40,000 per year for services as a member of the Board. In addition, Mr. Faulkner will be granted restricted stock units, with a grant date fair market value of $100,000, on the date of each annual stockholder meeting of the Company (the “Grant Date”), the entirety of which vests on the one (1) year anniversary of the applicable Grant Date, subject to Mr. Faulkner’s continuous service as a member of the Board. Such restricted stock units are to be granted under the Company’s 2020 Equity Incentive Plan, as amended from time to time.
There were no arrangements or understandings between Mr. Faulkner and any other persons pursuant to which Mr. Faulkner was appointed as a member of the Board. Neither Mr. Faulkner nor any member of his immediate family has or had a direct or indirect interest in any transaction in which the Company or any of its subsidiaries is or was a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.
SIGNATURES
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.
| AUGMEDIX, INC. | ||
| Dated: April 14, 2023 | By: | /s/ Paul Ginocchio |
| Paul Ginocchio | ||
| Chief Financial Officer | ||
Cover |
Apr. 10, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Apr. 10, 2023 |
| Entity File Number | 001-40890 |
| Entity Registrant Name | AUGMEDIX, INC. |
| Entity Central Index Key | 0001769804 |
| Entity Tax Identification Number | 83-3299164 |
| Entity Incorporation, State or Country Code | DE |
| Entity Address, Address Line One | 111 Sutter Street |
| Entity Address, Address Line Two | Suite 1300 |
| Entity Address, City or Town | San Francisco |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 94104 |
| City Area Code | (888) |
| Local Phone Number | 669-4885 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, $0.0001 par value per share |
| Trading Symbol | AUGX |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Elected Not To Use the Extended Transition Period | false |
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