8-K 1 a8-kmay2015annualmeetingre.htm 8-K MAY 2015 ANNUAL MEETING 8-KMay2015AnnualMeetingresults



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
FORM 8-K

 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): May 6, 2015


 
GILEAD SCIENCES, INC.
(Exact name of registrant as specified in its charter)

 

DELAWARE
 
0-19731
 
94-3047598
(State or other jurisdiction of
incorporation or organization)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
333 LAKESIDE DRIVE, FOSTER CITY, CALIFORNIA
(Address of principal executive offices)
94404
(Zip Code)
(650) 574-3000
(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFD 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Amendment and Restatement of Employee Stock Purchase Plan and International Employee Stock Purchase Plan
At the Annual Meeting of Stockholders (the “Annual Meeting”) of Gilead Sciences, Inc. (“Gilead”) held on May 6, 2015, Gilead’s stockholders approved an amendment and restatement of the Gilead Sciences, Inc. Employee Stock Purchase Plan (the “Purchase Plan”) and an amendment and restatement of the Gilead Sciences, Inc. International Employee Stock Purchase Plan (the “International Plan” and together with the Purchase Plan, the “Plans”). The amendment and restatement of the Plans was approved by Gilead’s Board of Directors (the “Board”) on January 22, 2015, subject to the approval of Gilead’s stockholders, and became effective with such stockholder approval on May 6, 2015. As a result of such stockholder approval, the Plans were materially amended and modified (1) to increase the number of shares of common stock authorized and reserved for issuance under the Plans by an additional 12,000,000 shares and (2) to extend the term of each of the Plans until January 22, 2025.
A more complete description of the terms of the Plans and the material amendments and modifications thereto can be found in “Proposal 3 – Amendment to the Gilead Sciences, Inc. Employee Stock Purchase Plan and Gilead Sciences, Inc. International Employee Stock Purchase Plan” (pages 26-31) in Gilead’s definitive proxy statement filed with the Securities and Exchange Commission on March 27, 2015 (the “2015 Proxy Statement”), which description is incorporated by reference herein. The foregoing descriptions and the description incorporated by reference from the 2015 Proxy Statement are qualified in their entirety by reference to the Purchase Plan and the International Plan, filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this report.

Item 5.07.
Submission of Matters to a Vote of Security Holders.
The Annual Meeting was held on May 6, 2015 in Millbrae, California. Of the 1,483,062,658 shares of Gilead’s common stock entitled to vote at the meeting, 1,276,060,673 shares were represented at the meeting in person or by proxy, constituting a quorum. The voting results are presented below.
Gilead’s stockholders elected 10 directors to serve for the ensuing year and until their successors are elected and qualified, or until their earlier death, resignation or removal. The votes regarding the election of directors were as follows:
Name
Votes For
Votes Against
Abstentions
Broker Non-Votes
John F. Cogan, Ph.D.
1,106,943,727
6,851,515
2,247,314
160,034,367
Etienne F. Davignon
1,097,300,881
16,504,393
2,237,282
160,034,367
Carla A. Hills
1,104,810,705
8,545,083
2,686,768
160,034,367
Kevin E. Lofton
1,107,352,679
6,441,503
2,248,374
160,034,367
John W. Madigan
1,105,729,342
7,992,651
2,320,563
160,034,367
John C. Martin, Ph.D.
1,075,253,632
35,428,655
5,360,269
160,034,367
Nicholas G. Moore
1,101,045,837
12,738,230
2,258,489
160,034,367
Richard J. Whitley, M.D.
1,106,067,283
7,752,900
2,222,373
160,034,367
Gayle E. Wilson
1,093,319,891
18,032,623
4,690,042
160,034,367
Per Wold-Olsen
1,108,363,003
5,468,203
2,211,350
160,034,367

Gilead’s stockholders ratified the selection of Ernst & Young LLP by the Audit Committee of the Board as its independent registered public accounting firm for the fiscal year ending December 31, 2015. The proposal received the following votes:
Votes For
1,243,225,181
 
Votes Against
30,175,507
 
Abstentions
2,676,235
 






Gilead’s stockholders approved an amendment and restatement to the Purchase Plan and International Plan. The proposal received the following votes:
Votes For
1,102,239,112
 
Votes Against
6,972,162
 
Abstentions
6,831,282
 
Broker Non-Votes
160,034,367
 

Gilead’s stockholders approved, on an advisory basis, the compensation of Gilead's named executive officers as presented in the 2015 Proxy Statement. The proposal received the following votes:
Votes For
1,083,246,462
 
Votes Against
25,446,617
 
Abstentions
7,349,477
 
Broker Non-Votes
160,034,367
 

Gilead’s stockholders did not approve a stockholder proposal requesting that the Board take steps to permit stockholder action by written consent. The proposal received the following votes:
Votes For
505,424,493
 
Votes Against
606,323,630
 
Abstentions
4,294,433
 
Broker Non-Votes
160,034,367
 

Gilead’s stockholders did not approve a stockholder proposal requesting that the Board adopt a policy that the Chairman of the Board of Directors be an independent director. The proposal received the following votes:
Votes For
461,095,699
 
Votes Against
652,071,665
 
Abstentions
2,875,192
 
Broker Non-Votes
160,034,367
 

Gilead’s stockholders did not approve a stockholder proposal requesting that Gilead issue an annual sustainability report. The proposal received the following votes:
Votes For
258,478,669
 
Votes Against
577,314,918
 
Abstentions
280,248,969
 
Broker Non-Votes
160,034,367
 

Gilead’s stockholders did not approve a stockholder proposal requesting that the Board report on certain risks to Gilead from rising pressure to contain U.S. specialty drug prices. The proposal received the following votes:
Votes For
208,355,366
 
Votes Against
676,700,065
 
Abstentions
230,987,125
 
Broker Non-Votes
160,034,367
 






Item 9.01.    Financial Statements and Exhibits.

(d)    Exhibits
Exhibit Number
 
Description
10.1
 
Gilead Sciences, Inc. Employee Stock Purchase Plan, amended and restated on January 22, 2015
10.2
 
Gilead Sciences, Inc. International Employee Stock Purchase Plan, amended and restated on January 22, 2015






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.

GILEAD SCIENCES, INC.
(Registrant)
/s/ Robin L. Washington
Robin L. Washington
Executive Vice President and Chief Financial Officer

Date:    May 8, 2015