[PRE 14A] Quanterix Corporation Preliminary Proxy Statement
Quanterix Corporation is asking stockholders to vote at a virtual annual meeting at 9:00 a.m. ET on September 23, 2025. Holders of record as of July 31, 2025 may vote on six proposals, including the election of three directors (Myla Lai-Goldman, Masoud Toloue and David Walt), an advisory say-on-pay vote, ratification of KPMG LLP as auditor, and three Charter amendments to declassify the Board and remove supermajority vote requirements for certain Charter and Bylaws amendments.
The company completed the acquisition of Akoya Biosciences on July 8, 2025, which led to two Akoya directors joining Quanterix and two predecessors resigning. A Cooperation Agreement with activist holder Kent Lake was reached on August 4, 2025, which includes appointing one independent director by December 1, 2025 and seeking Board declassification. The Board recommends voting in favor of all proposals.
Quanterix Corporation chiede agli azionisti di votare in assemblea annuale virtuale alle 9:00 ET del 23 settembre 2025. I titolari di registro alla data del 31 luglio 2025 possono votare su sei proposte, compresa l'elezione di tre amministratori (Myla Lai-Goldman, Masoud Toloue e David Walt), un voto consultivo sulla remunerazione, la ratifica di KPMG LLP come revisore e tre modifiche dello statuto per declassificare il Consiglio e rimuovere i requisiti di maggioranza qualificata per alcune modifiche di statuto e regolamento.
L'azienda ha completato l'acquisizione di Akoya Biosciences l'8 luglio 2025, evento che ha portato all'ingresso di due amministratori provenienti da Akoya in Quanterix e alle dimissioni di due predecessori. Il 4 agosto 2025 è stato raggiunto un Accordo di Cooperazione con l'azionista attivista Kent Lake, che prevede, tra l'altro, la nomina di un amministratore indipendente entro il 1º dicembre 2025 e la ricerca della declassificazione del Consiglio. Il Consiglio raccomanda di votare a favore di tutte le proposte.
Quanterix Corporation solicita a los accionistas que voten en la junta anual virtual a las 9:00 a.m. ET del 23 de septiembre de 2025. Los titulares registrados al 31 de julio de 2025 pueden votar sobre seis propuestas, incluida la elección de tres directores (Myla Lai-Goldman, Masoud Toloue y David Walt), una votación consultiva sobre la remuneración, la ratificación de KPMG LLP como auditor y tres enmiendas al estatuto para desclasificar la Junta y eliminar los requisitos de mayoría cualificada para ciertas modificaciones de los Estatutos y del Reglamento interno.
La compañía completó la adquisición de Akoya Biosciences el 8 de julio de 2025, lo que llevó a que dos directores de Akoya se incorporaran a Quanterix y a que dos anteriores renunciaran. El 4 de agosto de 2025 se alcanzó un Acuerdo de Cooperación con el accionista activista Kent Lake, que incluye nombrar a un director independiente antes del 1 de diciembre de 2025 y buscar la desclasificación de la Junta. El Consejo recomienda votar a favor de todas las propuestas.
Quanterix Corporation는 2025년 9월 23일 동부시간 오전 9시에 열리는 가상 연례주주총회에서 주주들에게 투표를 요청하고 있습니다. 2025년 7월 31일 기준 주주명부에 등재된 보유자는 세 명의 이사(Myla Lai-Goldman, Masoud Toloue 및 David Walt) 선임, 보수에 관한 권고적 표결, KPMG LLP의 감사 선임 비준, 그리고 이사회 계층을 해체하고 정관 및 내규의 일부 수정에 대한 특별다수결 요건을 제거하는 세 건의 정관 수정안을 포함한 여섯 안건에 대해 투표할 수 있습니다.
회사는 2025년 7월 8일 Akoya Biosciences 인수를 완료했으며, 이로 인해 Akoya 측 이사 두 명이 Quanterix에 합류하고 전임 이사 두 명이 사임했습니다. 2025년 8월 4일 행동주의 주주 Kent Lake와의 협력 합의가 체결되었으며, 이 합의에는 2025년 12월 1일까지 독립 이사 1명 선임과 이사회 계층 해체 추진이 포함됩니다. 이사회는 모든 안건에 대해 찬성 투표를 권고합니다.
Quanterix Corporation demande aux actionnaires de voter lors d'une assemblée générale annuelle virtuelle à 9h00 ET le 23 septembre 2025. Les titulaires inscrits au registre au 31 juillet 2025 peuvent voter sur six propositions, y compris l'élection de trois administrateurs (Myla Lai-Goldman, Masoud Toloue et David Walt), un vote consultatif sur la rémunération, la ratification de KPMG LLP comme commissaire aux comptes, et trois amendements aux statuts visant à déclassement du conseil et à supprimer les exigences de majorité qualifiée pour certaines modifications des statuts et du règlement intérieur.
La société a finalisé l'acquisition d'Akoya Biosciences le 8 juillet 2025, ce qui a entraîné l'arrivée de deux administrateurs d'Akoya chez Quanterix et la démission de deux prédécesseurs. Un accord de coopération avec l'actionnaire activiste Kent Lake a été conclu le 4 août 2025 ; il prévoit notamment la nomination d'un administrateur indépendant d'ici le 1er décembre 2025 et la recherche du déclassement du conseil. Le conseil recommande de voter en faveur de toutes les propositions.
Quanterix Corporation bittet die Aktionäre, auf der virtuellen Hauptversammlung am 23. September 2025 um 9:00 Uhr ET abzustimmen. Aktionäre, die am 31. Juli 2025 im Register eingetragen sind, dürfen über sechs Vorschläge abstimmen, darunter die Wahl von drei Direktoren (Myla Lai-Goldman, Masoud Toloue und David Walt), eine beratende Abstimmung zur Vergütung, die Bestätigung von KPMG LLP als Abschlussprüfer sowie drei Satzungsänderungen zur Entklassifizierung des Vorstands und zur Aufhebung qualifizierter Mehrheitsanforderungen für bestimmte Satzungs- und Geschäftsordnungsänderungen.
Das Unternehmen schloss die Übernahme von Akoya Biosciences am 8. Juli 2025 ab, woraufhin zwei Akoya-Directors zu Quanterix kamen und zwei Vorgänger zurücktraten. Am 4. August 2025 wurde eine Kooperationsvereinbarung mit dem aktivistischen Aktionär Kent Lake erzielt, die unter anderem die Ernennung eines unabhängigen Directors bis zum 1. Dezember 2025 und das Bestreben zur Entklassifizierung des Vorstands vorsieht. Der Vorstand empfiehlt, allen Vorschlägen zuzustimmen.
- Board declassification proposal seeks to move to annual director elections, increasing board accountability if approved
- Bylaw and Charter amendments proposed to eliminate supermajority voting requirements for certain amendments, simplifying governance changes if approved
- KPMG LLP ratification as independent registered public accounting firm is on the ballot, maintaining continuity of audit oversight
- Akoya acquisition closed on July 8, 2025, with two former Akoya directors added to the Board, reflecting integration of the transaction
- Cooperation Agreement with Kent Lake includes commitment to appoint one independent director by December 1, 2025 and adoption of a majority voting standard for uncontested elections
- High approval thresholds for Proposals 4, 5 and 6 require 75% of voting power, creating a substantial hurdle for Charter amendments
- Election governed by plurality because the election is considered contested, potentially reducing vote-for majority protections for director nominees
- Limited annual meeting access as the meeting will be virtual-only and requires pre-registration, which may constrain some stockholder participation
- Low attendance at prior annual meeting noted: only two directors attended the 2024 annual meeting, a disclosed fact about prior engagement
Insights
TL;DR: Significant governance changes proposed, including declassification and elimination of supermajority votes, driven partly by an activist cooperation agreement.
The Proxy Statement centers on structural governance reforms and director elections. Proposals to declassify the Board and remove supermajority amendment thresholds are material corporate governance changes that require a 75% stockholder vote, reflecting a high approval threshold. The August 4, 2025 Cooperation Agreement with Kent Lake and the agreed search for an independent director by December 1, 2025, are concrete outcomes of shareholder engagement and signal active investor involvement in board composition.
TL;DR: Akoya acquisition and immediate Board turnover materially altered board composition and continues to influence governance actions.
The closing of the Akoya acquisition on July 8, 2025 resulted in two Akoya directors joining and two prior directors resigning, changing Board makeup. The company nominated three directors for three-year terms and will conduct the election under a plurality standard due to a withdrawn stockholder nomination, which renders this election contested under current Bylaws. These developments are material to control dynamics and strategy oversight.
Quanterix Corporation chiede agli azionisti di votare in assemblea annuale virtuale alle 9:00 ET del 23 settembre 2025. I titolari di registro alla data del 31 luglio 2025 possono votare su sei proposte, compresa l'elezione di tre amministratori (Myla Lai-Goldman, Masoud Toloue e David Walt), un voto consultivo sulla remunerazione, la ratifica di KPMG LLP come revisore e tre modifiche dello statuto per declassificare il Consiglio e rimuovere i requisiti di maggioranza qualificata per alcune modifiche di statuto e regolamento.
L'azienda ha completato l'acquisizione di Akoya Biosciences l'8 luglio 2025, evento che ha portato all'ingresso di due amministratori provenienti da Akoya in Quanterix e alle dimissioni di due predecessori. Il 4 agosto 2025 è stato raggiunto un Accordo di Cooperazione con l'azionista attivista Kent Lake, che prevede, tra l'altro, la nomina di un amministratore indipendente entro il 1º dicembre 2025 e la ricerca della declassificazione del Consiglio. Il Consiglio raccomanda di votare a favore di tutte le proposte.
Quanterix Corporation solicita a los accionistas que voten en la junta anual virtual a las 9:00 a.m. ET del 23 de septiembre de 2025. Los titulares registrados al 31 de julio de 2025 pueden votar sobre seis propuestas, incluida la elección de tres directores (Myla Lai-Goldman, Masoud Toloue y David Walt), una votación consultiva sobre la remuneración, la ratificación de KPMG LLP como auditor y tres enmiendas al estatuto para desclasificar la Junta y eliminar los requisitos de mayoría cualificada para ciertas modificaciones de los Estatutos y del Reglamento interno.
La compañía completó la adquisición de Akoya Biosciences el 8 de julio de 2025, lo que llevó a que dos directores de Akoya se incorporaran a Quanterix y a que dos anteriores renunciaran. El 4 de agosto de 2025 se alcanzó un Acuerdo de Cooperación con el accionista activista Kent Lake, que incluye nombrar a un director independiente antes del 1 de diciembre de 2025 y buscar la desclasificación de la Junta. El Consejo recomienda votar a favor de todas las propuestas.
Quanterix Corporation는 2025년 9월 23일 동부시간 오전 9시에 열리는 가상 연례주주총회에서 주주들에게 투표를 요청하고 있습니다. 2025년 7월 31일 기준 주주명부에 등재된 보유자는 세 명의 이사(Myla Lai-Goldman, Masoud Toloue 및 David Walt) 선임, 보수에 관한 권고적 표결, KPMG LLP의 감사 선임 비준, 그리고 이사회 계층을 해체하고 정관 및 내규의 일부 수정에 대한 특별다수결 요건을 제거하는 세 건의 정관 수정안을 포함한 여섯 안건에 대해 투표할 수 있습니다.
회사는 2025년 7월 8일 Akoya Biosciences 인수를 완료했으며, 이로 인해 Akoya 측 이사 두 명이 Quanterix에 합류하고 전임 이사 두 명이 사임했습니다. 2025년 8월 4일 행동주의 주주 Kent Lake와의 협력 합의가 체결되었으며, 이 합의에는 2025년 12월 1일까지 독립 이사 1명 선임과 이사회 계층 해체 추진이 포함됩니다. 이사회는 모든 안건에 대해 찬성 투표를 권고합니다.
Quanterix Corporation demande aux actionnaires de voter lors d'une assemblée générale annuelle virtuelle à 9h00 ET le 23 septembre 2025. Les titulaires inscrits au registre au 31 juillet 2025 peuvent voter sur six propositions, y compris l'élection de trois administrateurs (Myla Lai-Goldman, Masoud Toloue et David Walt), un vote consultatif sur la rémunération, la ratification de KPMG LLP comme commissaire aux comptes, et trois amendements aux statuts visant à déclassement du conseil et à supprimer les exigences de majorité qualifiée pour certaines modifications des statuts et du règlement intérieur.
La société a finalisé l'acquisition d'Akoya Biosciences le 8 juillet 2025, ce qui a entraîné l'arrivée de deux administrateurs d'Akoya chez Quanterix et la démission de deux prédécesseurs. Un accord de coopération avec l'actionnaire activiste Kent Lake a été conclu le 4 août 2025 ; il prévoit notamment la nomination d'un administrateur indépendant d'ici le 1er décembre 2025 et la recherche du déclassement du conseil. Le conseil recommande de voter en faveur de toutes les propositions.
Quanterix Corporation bittet die Aktionäre, auf der virtuellen Hauptversammlung am 23. September 2025 um 9:00 Uhr ET abzustimmen. Aktionäre, die am 31. Juli 2025 im Register eingetragen sind, dürfen über sechs Vorschläge abstimmen, darunter die Wahl von drei Direktoren (Myla Lai-Goldman, Masoud Toloue und David Walt), eine beratende Abstimmung zur Vergütung, die Bestätigung von KPMG LLP als Abschlussprüfer sowie drei Satzungsänderungen zur Entklassifizierung des Vorstands und zur Aufhebung qualifizierter Mehrheitsanforderungen für bestimmte Satzungs- und Geschäftsordnungsänderungen.
Das Unternehmen schloss die Übernahme von Akoya Biosciences am 8. Juli 2025 ab, woraufhin zwei Akoya-Directors zu Quanterix kamen und zwei Vorgänger zurücktraten. Am 4. August 2025 wurde eine Kooperationsvereinbarung mit dem aktivistischen Aktionär Kent Lake erzielt, die unter anderem die Ernennung eines unabhängigen Directors bis zum 1. Dezember 2025 und das Bestreben zur Entklassifizierung des Vorstands vorsieht. Der Vorstand empfiehlt, allen Vorschlägen zuzustimmen.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
the Securities Exchange Act of 1934 (Amendment No. )
![[MISSING IMAGE: lg_quanterixreg-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/lg_quanterixreg-4c.jpg)
| | | | Sincerely, | |
| | | |
Masoud Toloue, Ph.D.
President and Chief Executive Officer |
|
![[MISSING IMAGE: lg_sodaliandco-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/lg_sodaliandco-4clr.jpg)
New York, New York 10022
Stockholders Call Toll Free: (800) 662-5200
Brokers and Banks may call collect: (203) 658-9400
Email: qtrx@info.sodali.com
Billerica, Massachusetts 01821
| | | | BY ORDER OF THE BOARD OF DIRECTORS | |
| | | |
Laurie A. Churchill
General Counsel and Secretary |
|
![[MISSING IMAGE: lg_sodaliandco-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/lg_sodaliandco-4clr.jpg)
New York, New York 10022
Stockholders Call Toll Free: (800) 662-5200
Brokers and Banks may call collect: (203) 658-9400
Email: qtrx@info.sodali.com
PROXY STATEMENT
FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON SEPTEMBER 23, 2025
| | |
Page
|
| |||
Proxy Summary
|
| | | | 5 | | |
Important Information About the Annual Meeting and Voting
|
| | | | 9 | | |
Proposal No. 1: Election of Directors
|
| | | | 17 | | |
Management and Corporate Governance
|
| | | | 19 | | |
Proposal No. 2: Advisory Vote on Approval of Executive Compensation
|
| | | | 29 | | |
Compensation Committee Report
|
| | | | 30 | | |
Compensation Discussion and Analysis
|
| | | | 31 | | |
Executive Officer and Director Compensation
|
| | | | 41 | | |
Equity Compensation Plan Information
|
| | | | 52 | | |
Security Ownership of Certain Beneficial Owners and Management
|
| | | | 53 | | |
Proposal No. 3: Ratification of the Appointment of Independent Registered Public Accounting
Firm |
| | | | 55 | | |
Report of Audit Committee
|
| | | | 56 | | |
Delinquent Section 16(a) Reports
|
| | | | 57 | | |
Certain Relationships and Related Person Transactions
|
| | | | 58 | | |
Proposal No. 4: Approval of an Amendment to our Charter to Declassify our Board
|
| | | | 60 | | |
Proposal No. 5: Approval of an Amendment to our Charter to Eliminate the Supermajority Stockholder Vote Requirement to Amend Certain Provisions of our Charter
|
| | | | 61 | | |
Proposal No. 6: Approval of an Amendment to our Charter to Eliminate the Supermajority Stockholder Vote Requirement for Stockholders to Amend our Bylaws
|
| | | | 61 | | |
Partial Stockholder Approval of Charter Amendment Proposals
|
| | | | 63 | | |
Additional Information Regarding our Independent Registered Public Accounting Firm
|
| | | | 64 | | |
Corporate Code of Conduct and Ethics
|
| | | | 67 | | |
Additional Information
|
| | | | 68 | | |
Other Matters
|
| | | | 68 | | |
Stockholder Proposals and Nominations for Director
|
| | | | 69 | | |
| | |
Board Recommendation
|
| |
Page
|
|
Proposal No. 1 — Election of three director nominees to our Board to serve three-year terms expiring at the annual meeting of stockholders in 2028 or until their successors are duly elected and qualified | | |
FOR EACH OF
OUR BOARD’S THREE NOMINEES: Myla Lai-Goldman, M.D.Masoud Toloue, Ph.D. David Walt, Ph.D. |
| |
[•]
|
|
| | |
Board Recommendation
|
| |
Page
|
|
Proposal No. 2 — Approval, on an advisory basis, of the compensation of the Company’s named executive officers | | |
FOR
|
| |
[•]
|
|
Proposal No. 3 — Ratification, on an advisory basis, of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 | | |
FOR
|
| |
[•]
|
|
Proposal No. 4 — Approval of an amendment to our Charter to declassify our Board | | |
FOR
|
| |
[•]
|
|
Proposal No. 5 — Approval of an amendment to our Charter to eliminate the supermajority stockholder vote requirement to amend certain provisions of our Charter; and | | |
FOR
|
| |
[•]
|
|
Proposal No. 6 — Approval of an amendment to our Charter to eliminate the supermajority stockholder vote requirement for stockholders to amend our Bylaws. | | |
FOR
|
| |
[•]
|
|
| | | | | | | | | | | |
STANDING COMMITTEES
|
| ||||||
Name
|
| |
Primary Occupation
|
| |
Age
|
| |
Director
Since |
| |
Audit
|
| |
Compensation
|
| |
Nominating
and Governance |
|
Masoud Toloue, Ph.D. | | |
Chief Executive Officer,
Quanterix Corporation |
| |
45
|
| |
2022
|
| | | | | | | | | |
William P. Donnelly
|
| |
Lead Independent Director,
Ingersoll Rand Former EVP, Mettler-Toledo International Inc. |
| |
64
|
| |
2023
|
| |
![]() |
| |
![]() |
| | | |
Jeffrey T. Elliott
|
| |
Former Chief Financial Officer,
Exact Sciences Corp. |
| |
47
|
| |
2024
|
| |
![]() |
| | | | |
![]() |
|
Karen A. Flynn
|
| |
Former Chief Commercial Officer,
Catalent, Inc. |
| |
62
|
| |
2022
|
| | | | |
![]() |
| |
![]() |
|
Myla Lai-Goldman, M.D. | | |
Former Chief Executive Officer and
President and current Chair of GeneCentric Therapeutics, Inc. |
| |
67
|
| |
2025
|
| | | | | | | | | |
Ivana Magovčević-Liebisch, Ph.D., J.D.
|
| |
President and Chief Executive Officer,
Vigil Neuroscience, Inc. |
| |
58
|
| |
2024
|
| | | | |
![]() |
| |
![]() |
|
Paul M. Meister
|
| |
Co-Founder and Chief Executive Officer,
Liberty Lane Partners, LLC |
| |
72
|
| |
2013
|
| |
![]() |
| | | | | | |
Scott Mendel | | |
Former President and
Chief Executive Officer, GenMark Diagnostics, Inc. |
| |
58
|
| |
2025
|
| | | | | | | | | |
David R. Walt, Ph.D.
|
| |
Hansjörg Wyss Professor of Biologically
Inspired Engineering and Professor of Pathology, Harvard Medical School |
| |
72
|
| |
2017
|
| | | | |
![]() |
| | | |
![[MISSING IMAGE: ic_chairperson-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/ic_chairperson-bw.jpg)
![[MISSING IMAGE: ic_member-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/ic_member-4c.jpg)
Proposal
|
| |
Vote Required for Approval
|
| |
Effect of Abstentions, Withhold Votes and
Broker Non-Votes |
|
Proposal No. 1
Election of three director nominees to our Board to serve three-year terms expiring at the annual meeting of stockholders in 2028 or until their successors are duly elected and qualified |
| |
The three director nominees who receive the most votes (also known as a “plurality” of the votes cast) will be elected.
Under our recently-amended Bylaws, directors shall be elected by the vote of the majority of the votes cast other than in a contested election of directors, in which case directors shall be elected by a plurality vote. As discussed in detail below in “Proposal No. 1 — Election of Directors,” the election of directors at the Annual Meeting is considered to be a contested election (as defined in our Bylaws), therefore, directors shall be elected by a plurality vote.
|
| | A “WITHHOLD” vote will not count either for or against the nominee and will have no effect on the outcome of the election of directors. Broker discretionary voting is not permitted. Broker non-votes, if any, will have no effect on the outcome of this proposal. Votes may not be cumulated. | |
Proposal No. 2
Approval, on an advisory basis, of the compensation of the Company’s named executive officers |
| |
Requires the affirmative vote of a majority of the votes cast affirmatively or negatively for this proposal.
Although this advisory vote is non-binding, the Compensation Committee of our Board and our
|
| | Abstentions and broker non-votes (if any) will have no effect on the results of this vote. Broker discretionary voting is not permitted. | |
Proposal
|
| |
Vote Required for Approval
|
| |
Effect of Abstentions, Withhold Votes and
Broker Non-Votes |
|
| | | Board will review the voting results and may take them into consideration when making future decisions regarding executive compensation. | | | | |
Proposal No. 3
Ratification, on an advisory basis, of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 |
| |
Requires the affirmative vote of a majority of the votes cast affirmatively or negatively for this proposal.
We are not required to obtain the approval of our stockholders to appoint our independent registered public accounting firm. However, if our stockholders do not ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, the Audit Committee of our Board will reconsider its appointment.
|
| | Abstentions will have no effect on the results of this vote. Broker discretionary voting may not be permitted. As the proposal to ratify the appointment of an independent registered public accounting firm is considered a routine matter, broker discretionary voting will be permitted, and there will be no broker non-votes with respect to this matter. | |
Proposal No. 4
Approval of an amendment to our Charter to declassify our Board |
| | Requires the affirmative vote of the holders of shares of voting stock of Quanterix representing at least seventy-five percent (75%) of the voting power of all of the then-outstanding shares of the capital stock of Quanterix entitled to vote generally in the election of directors, voting together as a single class. | | | Abstentions and broker non-votes (if any) will have the effect of a vote “AGAINST” this proposal. Broker discretionary voting is not permitted. | |
Proposal No. 5
Approval of an amendment to our Charter to eliminate the supermajority stockholder vote requirement to amend certain provisions of our Charter |
| | Requires the affirmative vote of the holders of shares of voting stock of Quanterix representing at least seventy-five percent (75%) of the voting power of all of the then-outstanding shares of the capital stock of Quanterix entitled to vote generally in the election of directors, voting together as a single class. | | | Abstentions and broker non-votes (if any) will have the effect of a vote “AGAINST” this proposal. Broker discretionary voting is not permitted. | |
Proposal No. 6
Approval of an amendment to our Charter to eliminate the supermajority stockholder vote requirement for stockholders to amend our Bylaws |
| | Requires the affirmative vote of the holders of shares of voting stock of Quanterix representing at least seventy-five percent (75%) of the voting power of all of the then-outstanding shares of the capital stock of Quanterix entitled to vote generally in the election of directors, voting together as a single class. | | | Abstentions and broker non-votes (if any) will have the effect of a vote “AGAINST” this proposal. Broker discretionary voting is not permitted. | |
![[MISSING IMAGE: lg_sodaliandco-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/lg_sodaliandco-4clr.jpg)
New York, New York 10022
Stockholders Call Toll Free: (800) 662-5200
Brokers and Banks may call collect: (203) 658-9400
Email: qtrx@info.sodali.com
ELECTION OF DIRECTORS
Name
|
| |
Age
|
| |
Position with Quanterix
|
|
Masoud Toloue, Ph.D. | | |
45
|
| | President, Chief Executive Officer and Director | |
William P. Donnelly(1)(3) | | |
64
|
| | Chair of the Board | |
Jeffrey T. Elliott(2)(3) | | |
47
|
| | Director | |
Karen A. Flynn(1)(2) | | |
62
|
| | Director | |
Myla Lai-Goldman, M.D. | | |
67
|
| | Director | |
Ivana Magovčević-Liebisch, Ph.D., J.D.(1)(2)
|
| |
58
|
| | Director | |
Paul M. Meister(3) | | |
72
|
| | Director | |
Scott Mendel | | |
58
|
| | Director | |
David R. Walt, Ph.D.(1) | | |
72
|
| | Director | |
Knowledge, Skills, and Experience
|
| |
William
Donnelly |
| |
Masoud
Toloue, Ph.D. |
| |
Jeffrey
Elliot |
| |
Karen
Flynn |
| |
Myla Lai-
Goldman, M.D. |
| |
Ivana
Magovčević- Liebisch, Ph.D., J.D. |
| |
Paul M.
Meister |
| |
Scott
Mendel |
| |
David
Walt, Ph.D. |
| |||||||||||||||||||||||||||
M&A/ Transactional
|
| | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | | | |
Capital Markets/ Finance
|
| | | | • | | | | | | | | | | | | • | | | | | | | | | | | | | | | | | | • | | | | | | • | | | | | | • | | | | | | | | |
Healthcare Industry
|
| | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | |
Other Public Co. Board
|
| | | | • | | | | | | | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | |
R&D/ Scientific
|
| | | | | | | | | | • | | | | | | | | | | | | | | | | | | • | | | | | | • | | | | | | | | | | | | | | | | | | • | | |
Public Co. Executive
|
| | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | | | |
Legal/ Regulatory
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | • | | | | | | • | | | | | | | | | | | | | | | | | | | | |
Corporate Governance
|
| | | | • | | | | | | | | | | | | • | | | | | | • | | | | | | • | | | | | | • | | | | | | | | | | | | • | | | | | | | | |
Name
|
| |
Age
|
| |
Positions
|
|
Masoud Toloue, Ph.D. | | |
45
|
| | President and Chief Executive Officer | |
Vandana Sriram | | |
52
|
| | Chief Financial Officer and Treasurer | |
ADVISORY VOTE ON APPROVAL OF EXECUTIVE COMPENSATION
Karen A. Flynn (Chairperson)
William P. Donnelly
Ivana Magovčević-Liebisch, J.D., Ph.D.
David R. Walt, Ph.D.
Name
|
| |
Title
|
|
Masoud Toloue, Ph.D.(1) | | | President and Chief Executive Officer | |
Vandana Sriram(2) | | | Chief Financial Officer and Treasurer | |
|
What We Do
|
| |
What We Don’t Do
|
|
| Reward performance according to pre-established performance goals | | | Permit hedging or pledging of our stock | |
| Provide a meaningful portion of the compensation of our Chief Executive Officer and named executive officers through performance-based or at-risk compensation | | | Include automatic compensation increases or equity grants in our employment agreements | |
| Establish stock ownership guidelines for our executive officers | | | Provide single trigger change of control benefits | |
| The Compensation Committee retains an independent compensation consultant | | | Provide for excessive cash severance | |
| We hold an annual advisory vote on executive compensation | | | Provide our executives with golden parachute tax gross-ups | |
| Cap payouts under our compensation plans to discourage inappropriate risk taking by our executives | | | Maintain executive pension plans or other retirement programs that are not generally available to all employees | |
| Provide for double-trigger change of control severance provisions | | | | |
Element
|
| |
Award Vehicle
|
| |
Guaranteed vs.
At-Risk |
| |
Performance vs.
Time-Based |
|
Base Salary | | |
Cash
|
| |
Guaranteed
|
| |
Not applicable
|
|
Annual Cash Incentive Bonus | | |
Cash
|
| |
At-Risk
|
| |
Performance-Based
|
|
Long-Term Incentive Equity | | |
Restricted Stock Units
(“RSUs”) and Stock Options |
| |
At-Risk
|
| |
Time-Based
|
|
![[MISSING IMAGE: pc_ceocfo-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/pc_ceocfo-4c.jpg)
| Adaptive Biotechnologies Corporation | | | OmniAb, Inc. | |
| Castle Biosciences, Inc. | | | Pacific Biosciences of California, Inc. | |
| Cryoport, Inc. | | | Quantum-Si Inc. | |
| Cytek Biosciences, Inc. | | | Seer, Inc. | |
| Maravai LifeSciences Holdings, Inc. | | | SomaLogic, Inc. | |
| Mesa Laboratories, Inc. | | | Twist Bioscience Corporation | |
| Nautilus Biotechnology, Inc. | | | Veracyte, Inc. | |
Executive
|
| |
2023 Base Salary
|
| |
2024 Base Salary
|
| |
% Change
|
| |||||||||
Masoud Toloue, Ph.D.
|
| | | $ | 600,000 | | | | | $ | 650,000 | | | | | | 8.3% | | |
Vandana Sriram(1)
|
| | | $ | 440,000 | | | | | $ | 446,160 | | | | | | 1.4% | | |
![[MISSING IMAGE: fc_compensation-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/fc_compensation-4c.jpg)
Executive
|
| |
2024 Target
Award (% of Base Salary) |
| |||
Masoud Toloue, Ph.D.
|
| | | | 100% | | |
Vandana Sriram
|
| | | | 70% | | |
| | |
Weight
|
| |
Threshold
(0.5x) |
| |
Target
(1.0x) |
| |
Maximum
(1.5x) |
| |
Actual
|
| |
Performance
Factor |
| |
Weighted
Payout |
| |||||||||
2024 Revenue ($)
|
| | | | 40% | | | |
$135 million
|
| |
$143.5 million
|
| |
$159 million
|
| |
$137.4 million
|
| | | | 0.62x | | | | | | 25% | | |
Non-GAAP Gross
Margin(1) |
| | | | 20% | | | |
55%
|
| |
59%
|
| |
239.6%
|
| |
57%(2)
|
| | | | 0.69x | | | | | | 14% | | |
Cash Usage
|
| | | | 10% | | | |
$(30.0) million
|
| |
$(24.0) million
|
| |
$(14.0) million
|
| |
$(25.3) million(2)
|
| | | | 0.83x | | | | | | 8% | | |
Strategic Objectives
|
| | | | 30% | | | |
Up to 3% each
|
| |
Up to 6% each
|
| |
Up to 9% each
|
| |
28%
|
| | | | 0.95x | | | | | | 29% | | |
Total
|
| | | | 100% | | | | | | | | | | | | | | | | | | | | | | | | 75% | | |
Executive
|
| |
Target Award
(% of Base Salary) |
| |
Corporate
Performance Factor |
| |
Individual
Performance Factor |
| |
Payment ($)
|
| ||||||||||||
Masoud Toloue, Ph.D.
|
| | | | 100% | | | | | | 0.9x | | | | | | 1.0x | | | | | $ | 585,000 | | |
Vandana Sriram
|
| | | | 70% | | | | | | 0.9x | | | | | | 0.91x | | | | | $ | 255,784 | | |
Executive
|
| |
2024 Approximate
Award Value ($) |
| |
Number of Stock
Options |
| |
Number of RSUs
|
| |||||||||
Masoud Toloue, Ph.D.
|
| | | $ | 5,200,000 | | | | | | 227,262 | | | | | | 67,532 | | |
Vandana Sriram
|
| | | $ | 1,900,000 | | | | | | 83,038 | | | | | | 24,675 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($)(1) |
| |
Bonus
($) |
| |
Stock
Awards ($)(2) |
| |
Option
Awards ($)(3) |
| |
Non-Equity
Incentive Plan Compensation ($)(4) |
| |
All Other
Compensation ($)(5) |
| |
Total
($) |
| ||||||||||||||||||||||||
Masoud Toloue, Ph.D.(6)
President and Chief Executive Officer |
| | | | 2024 | | | | | | 642,848 | | | | | | — | | | | | | 1,559,989 | | | | | | 3,639,998 | | | | | | 585,000 | | | | | | 5,192 | | | | | | 6,433,027 | | |
| | | 2023 | | | | | | 615,385 | | | | | | — | | | | | | 1,647,658 | | | | | | 2,352,331 | | | | | | 810,000 | | | | | | 9,900 | | | | | | 5,435,274 | | | ||
| | | 2022 | | | | | | 541,346 | | | | | | — | | | | | | 892,113 | | | | | | 1,107,883 | | | | | | 412,501 | | | | | | 3,183 | | | | | | 2,957,026 | | | ||
Vandana Sriram(7)
Chief Financial Officer and Treasurer |
| | | | 2024 | | | | | | 446,222 | | | | | | — | | | | | | 569,993 | | | | | | 1,329,999 | | | | | | 255,784 | | | | | | 15,525 | | | | | | 2,617,523 | | |
| | | 2023 | | | | | | 144,083 | | | | | | — | | | | | | 307,016 | | | | | | 492,989 | | | | | | 151,511 | | | | | | 3,554 | | | | | | 1,099,153 | | |
Names
(a) |
| |
Grant
Date (b) |
| |
Estimated Possible Payouts Under
Non-Equity Incentive Plan Awards(1) |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#)(2) (i) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#)(3) (j) |
| |
Exercise
or Base Price of Option Awards ($/sh) (k) |
| |
Grant Date Fair
Value of Stock and Option Awards ($)(4) (l) |
| ||||||||||||||||||||||||||||||
|
Threshold
($) (c) |
| |
Target
($) (d) |
| |
Maximum
($) (e) |
| |||||||||||||||||||||||||||||||||||||||||
Masoud Toloue, Ph.D.
|
| | | | — | | | | | | — | | | | | | 650,000 | | | | | | 1,072,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/2/24 | | | | | | — | | | | | | — | | | | | | — | | | | | | 67,532 | | | | | | — | | | | | | — | | | | | | 1,559,989 | | | ||
| | | 2/2/24 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 227,262 | | | | | | 23.10 | | | | | | 3,639,998 | | | ||
Vandana Sriram
|
| | | | — | | | | | | — | | | | | | 312,312 | | | | | | 515,315 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/2/24 | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,675 | | | | | | — | | | | | | — | | | | | | 569,993 | | | ||
| | | 2/2/24 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 83,038 | | | | | | 23.10 | | | | | | 1,329,999 | | |
| | |
Option Awards(1)
|
| |
Stock Awards(1)
|
| ||||||||||||||||||||||||||||||||||||||||||
Names
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(2) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Number of Shares or Units or Other Rights That Have Not Vested ($) |
| ||||||||||||||||||||||||
Masoud Toloue, Ph.D.
President and Chief Executive Officer |
| | | | 58,645(3) | | | | | | 26,667(3) | | | | | | 24.40 | | | | | | 4/25/2032 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,441(3) | | | | | | 121,618 | | | | | | — | | | | | | — | | | ||
| | | 118,894(4) | | | | | | 140,522(4) | | | | | | 14.82 | | | | | | 2/2/2033 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 60,224(4) | | | | | | 640,181 | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | 227,262(5) | | | | | | 23.10 | | | | | | 2/2/2034 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 67,532(5) | | | | | | 717,865 | | | | | | — | | | | | | — | | | ||
Vandana Sriram
Chief Financial Officer and Treasurer |
| | | | 9,815(6) | | | | | | 19,640(6) | | | | | | 24.32 | | | | | | 8/21/2033 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,416(6) | | | | | | 89,462 | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | 83,038(7) | | | | | | 23.10 | | | | | | 2/2/2034 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,675(7) | | | | | | 262,295 | | | | | | — | | | | | | — | | |
| | |
Option Awards
|
| |
Stock Awards(1)
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($)(2) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(2) |
| ||||||||||||
Masoud Toloue, Ph.D.
|
| | | | — | | | | | | — | | | | | | 67,136 | | | | | | 1,275,890 | | |
Vandana Sriram
|
| | | | — | | | | | | — | | | | | | 4,208 | | | | | | 53,973 | | |
Name
|
| |
Base Salary
($) |
| |
Lump
Sum Bonus Payments ($) |
| |
Continuation of
Group Health Plan Benefits ($) |
| |
Value of
Equity Awards ($) |
| |
Total
($) |
| |||||||||||||||
Masoud Toloue, Ph.D.
|
| | | | 650,000 | | | | | | 650,000 | | | | | | 31,109 | | | | | | — | | | | | | 1,331,109 | | |
Vandana Sriram
|
| | | | 223,080 | | | | | | 312,312 | | | | | | 15,555 | | | | | | — | | | | | | 550,947 | | |
Name
|
| |
Base Salary
($) |
| |
Lump
Sum Bonus Payments ($) |
| |
Continuation of
Group Health Plan Benefits ($) |
| |
Value of
Equity Awards ($)(1) |
| |
Total
($) |
| |||||||||||||||
Masoud Toloue, Ph.D.
|
| | | | 1,300,000 | | | | | | 650,000 | | | | | | 31,109 | | | | | | 1,479,664 | | | | | | 3,460,773 | | |
Vandana Sriram
|
| | | | 446,160 | | | | | | 312,312 | | | | | | 31,109 | | | | | | 351,757 | | | | | | 1,141,338 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | |||||||||
Year | | | Summary Compensation Table Total for E. Kevin Hrusovsky(1) ($) | | | Summary Compensation Table Total for Masoud Toloue, Ph.D.(2) ($) | | | Compensation Actually Paid to E. Kevin Hrusovsky(1)(3) ($) | | | Compensation Actually Paid to Masoud Toloue, Ph.D.(2)(3) ($) | | | Average Summary Compensation Table Total for Non-PEO NEOs(4) ($) | | | Average Compensation Actually Paid to Non-PEO NEOs(4)(5) ($) | | | Total Share- holder Return ($) | | | Peer Group Total Share- holder Return(6) ($) | | | Net Income (Loss) ($ in millions) | | | ($ in millions) | | ||||||||||||||||||||||||||||||
2024 | | | | | n/a | | | | | | | | | | | n/a | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2023 | | | | | n/a | | | | | | | | | | | n/a | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2022 | | | | | | | | | | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2021 | | | | | | | | | | n/a | | | | | | | | | | | n/a | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2020 | | | | | | | | | | n/a | | | | | | | | | | | n/a | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | |
Year | | | PEO Name | | | Summary Compensation Table Total ($) | | | Less Grant Date Fair Value of Equity Awards Granted during Applicable Year ($) | | | Plus Year-end Fair Value of Equity Awards Granted during Applicable Year ($) | | | Plus Change in Fair Value as of Year- end of any Prior Year Awards that Remain Unvested as of Year-End ($) | | | Plus Change in Fair Value as of the Vesting Date of any Prior Year Awards that Vest during Applicable Year ($) | | | Less Prior Year- end Fair Value of Awards Granted in Prior Year that Failed to Meet Vesting Conditions during Applicable Year ($) | | | Total Equity Value Reflected in Compensation Actually Paid Calculation ($) | | |||||||||||||||||||||
2024 | | | Masoud Toloue, Ph.D. | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | | | | — | | | | | | ( | | | |||
2023 | | | Masoud Toloue, Ph.D. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | ||||||
2022 | | | Masoud Toloue, Ph.D. | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | | | | — | | | | | | ( | | | |||
2022 | | | E. Kevin Hrusovsky | | | | | | | | | | | | | | | | | | | | — | | | | | | ( | | | | | | | | | | | ( | | | ||||
2021 | | | E. Kevin Hrusovsky | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | ||||||
2020 | | | E. Kevin Hrusovsky | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | |
2020
|
| |
2021
|
| |
2022
|
| |
2023
|
| |
2024
|
|
Amol Chaubal
|
| |
Masoud Toloue, Ph.D.
|
| |
Michael Doyle
|
| |
Michael Doyle
|
| |
Vandana Sriram
|
|
William Geist
|
| |
Michael Doyle
|
| |
John Fry
|
| |
Vandana Sriram
|
| | | |
| | |
Amol Chaubal
|
| |
Mark Roskey, Ph.D.
|
| | | | | | |
| | |
John Fry
|
| | | | | | | | | |
| | |
William Geist
|
| | | | | | | | | |
| | |
Dawn Mattoon
|
| | | | | | | | | |
| | |
Shawn Stetson
|
| | | | | | | | | |
Year | | | NEO Names | | | Summary Compensation Table Total (Average) ($) | | | Less Grant Date Fair Value of Equity Awards Granted during Applicable Year (Average) ($) | | | Plus Year- end Fair Value of Equity Awards Granted during Applicable Year (Average) ($) | | | Plus Change in Fair Value as of Year- end of any Prior Year Awards that Remain Unvested as of Year-End (Average) ($) | | | Plus Change in Fair Value as of the Vesting Date of any Prior Year Awards that Vest during Applicable Year (Average) ($) | | | Less Prior Year-end Fair Value of Awards Granted in Prior Year that Failed to Meet Vesting Conditions during Applicable Year (Average) ($) | | | Total Equity Value Reflected in Average Compensation Actually Paid Calculation ($) | | |||||||||||||||||||||
2024 | | | See footnote (4) | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | | | | — | | | | | | ( | | | |||
2023 | | | See footnote (4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | ||||||
2022 | | | See footnote (4) | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | | | | | | | | | ( | | | ||||
2021 | | | See footnote (4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | ||||||
2020 | | | See footnote (4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | |
Between Quanterix Corporation
and the NASDAQ Biotechnology Index
![[MISSING IMAGE: lc_cumulative-bwlr.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/lc_cumulative-bwlr.jpg)
Name
|
| |
Fees Earned
or Paid in Cash ($)(6) |
| |
Stock
Awards ($)(7) |
| |
Option
Awards ($)(7) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||
Brian J. Blaser(1)
|
| | | | 16,216 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 216,216 | | |
William P. Donnelly
|
| | | | 51,269 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 251,269 | | |
Jeffrey T. Elliott(2)
|
| | | | 15,968 | | | | | | 240,000 | | | | | | 160,000 | | | | | | — | | | | | | 415,968 | | |
Karen A. Flynn
|
| | | | 56,813 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 256,813 | | |
Sarah E. Hlavinka(3)
|
| | | | 59,969 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 259,969 | | |
Martin D. Madaus, Ph.D.(3)
|
| | | | 95,000 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 295,000 | | |
Ivana Magovčević-Liebisch, Ph.D., J.D.(4)
|
| | | | 11,747 | | | | | | 240,000 | | | | | | 160,000 | | | | | | — | | | | | | 411,747 | | |
Paul M. Meister
|
| | | | 59,969 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 259,969 | | |
Laurie J. Olson(5)
|
| | | | 23,375 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 223,375 | | |
David R. Walt, Ph.D.
|
| | | | 47,500 | | | | | | 120,000 | | | | | | 80,000 | | | | | | — | | | | | | 247,500 | | |
Name
|
| |
Aggregate Number
of Shares Subject to Stock Options |
| |||
William P. Donnelly
|
| | | | 18,768 | | |
Jeffrey T. Elliott
|
| | | | 25,908 | | |
Karen A. Flynn
|
| | | | 38,377 | | |
Sarah E. Hlavinka
|
| | | | 54,138 | | |
Martin D. Madaus, Ph.D.
|
| | | | 54,138 | | |
Ivana Magovčević-Liebisch, Ph.D., J.D.
|
| | | | 27,689 | | |
Paul M. Meister
|
| | | | 54,138 | | |
David R. Walt, Ph.D.
|
| | | | 54,138 | | |
|
Stock Ownership Guideline
|
| |
Non-Employee Director
|
| |
5x annual base cash retainer
|
|
| CEO | | | 6x annual base salary | | |||
| Executive Officers Other than CEO | | | 3x annual base salary | | |||
|
Attainment Period
|
| |
Five years from the later of
•
Appointment/election to applicable position; and
•
October 9, 2019.
|
| |||
|
Stock Owned for Purposes of Ownership Guidelines
|
| |
•
Stock acquired on the open market;
•
Stock acquired through the exercise of options;
•
Restricted stock, RSUs and stock options, whether vested or unvested; and
•
Stock acquired through Company benefit plans.
|
| |||
|
Holding Requirement
|
| | 50% of “net of tax” vested shares must be held until the ownership guideline is met. | | |||
|
Administration
|
| | The stock ownership guidelines are administered by the Compensation Committee, which evaluates compliance on an annual basis. Non-compliance arising from special circumstances, such as fluctuations in our stock price, changes in a participant’s compensation, and the personal financial situation of a participant, are reviewed by the Compensation Committee. | |
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
Plan category
|
| |
Number of
securities to be issued upon exercise of outstanding options, warrants and rights |
| |
Weighted-average
exercise price of outstanding options, warrants and rights |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
Equity compensation plans approved by security holders(1)
|
| | | | 4,680,740(2) | | | | | $ | 15.18(2) | | | | | | 4,235,498(3) | | |
Equity compensation plans not approved by security
holders |
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 4,680,740(2) | | | | | $ | 15.18(2) | | | | | | 4,235,498(3) | | |
Name and Address of Beneficial Owner
|
| |
Number of Shares
Beneficially Owned |
| |
Percentage of Shares
Beneficially Owned(1) |
| ||||||
5% and Greater Stockholders(2) | | | | | | | | | | | | | |
Entities affiliated with Ameriprise Financial, Inc.(3)
|
| | | | [•] | | | | | | [•] | | |
Entities affiliated with BlackRock, Inc.(4)
|
| | | | [•] | | | | | | [•] | | |
Entities affiliated with Kent Lake Partners L.P.(5)
|
| | | | [•] | | | | | | [•] | | |
Entities affiliated with Portolan Capital Management, LLC(6)
|
| | | | [•] | | | | | | [•] | | |
Entities affiliated with AllianceBernstein L.P.(7)
|
| | | | [•] | | | | | | [•] | | |
Entities affiliated with The Vanguard Group(8)
|
| | | | [•] | | | | | | [•] | | |
Named Executive Officers and Directors | | | | | | | | | | | | | |
Masoud Toloue, Ph.D.(9)
|
| | | | [•] | | | | | | [•] | | |
Vandana Sriram(10)
|
| | | | [•] | | | | | | [•] | | |
William P. Donnelly(11)
|
| | | | [•] | | | | | | [•] | | |
Jeffrey T. Elliott
|
| | | | [•] | | | | | | [•] | | |
Karen A. Flynn(12)
|
| | | | [•] | | | | | | [•] | | |
Myla Lai-Goldman, M.D.(13)
|
| | | | [•] | | | | | | [•] | | |
Ivana Magovčević-Liebisch, Ph.D., J.D
|
| | | | [•] | | | | | | [•] | | |
Scott Mendel(14)
|
| | | | [•] | | | | | | [•] | | |
Paul M. Meister(15)
|
| | | | [•] | | | | | | [•] | | |
David R. Walt, Ph.D.(16)
|
| | | | [•] | | | | | | [•] | | |
All directors and current executive officers as a group
(10 persons)(17) |
| | | | [•] | | | | | | [•] | | |
RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Jeffrey T. Elliott
Sarah E. Hlavinka*
Martin D. Madaus, Ph.D.*
Paul M. Meister
APPROVAL OF AN AMENDMENT TO OUR CHARTER TO DECLASSIFY OUR BOARD
APPROVAL OF AN AMENDMENT TO OUR CHARTER TO ELIMINATE THE SUPERMAJORITY STOCKHOLDER VOTE REQUIREMENT TO AMEND CERTAIN PROVISIONS OF OUR CHARTER
APPROVAL OF AN AMENDMENT TO OUR CHARTER TO ELIMINATE THE SUPERMAJORITY STOCKHOLDER VOTE REQUIREMENT FOR STOCKHOLDERS TO AMEND OUR BYLAWS
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
| | |
2023
|
| |
2024
|
| ||||||
Audit fees(1)
|
| | | $ | 2,602,200 | | | | | $ | 3,731,300 | | |
Audit-related fees(2)
|
| | | | — | | | | | | 13,000 | | |
Tax fees(3)
|
| | | | 147,229 | | | | | | 89,556 | | |
Other fees(4)
|
| | | | 2,052 | | | | | | 8,287 | | |
Total
|
| | | $ | 2,751,481 | | | | | $ | 3,842,043 | | |
General Corporation Law of the State of Delaware)
Executive Chairman, President and Chief Executive Officer
![[MISSING IMAGE: px_25quanterixproxy1pg1-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/px_25quanterixproxy1pg1-bw.jpg)
![[MISSING IMAGE: px_25quanterixproxy1pg2-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001503274/000110465925075746/px_25quanterixproxy1pg2-4c.jpg)