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Trevi Therapeutics (TRVI) doubles authorized stock, adds 8,000,000-plan shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Trevi Therapeutics, Inc. reported results of its 2026 annual stockholder meeting, where investors approved several governance and capital measures. Stockholders adopted an Amended and Restated 2019 Stock Incentive Plan, adding 8,000,000 shares of common stock for future equity awards and tightening rules on director pay, share recycling, and dividend treatment on awards.

They also approved an amendment to the restated certificate of incorporation to increase authorized common shares from 200,000,000 to 400,000,000, which became effective upon filing a Certificate of Amendment in Delaware on June 3, 2026. Stockholders elected Michael Heffernan as a Class I director through the 2029 annual meeting, ratified Ernst & Young LLP as independent auditor for the 2026 fiscal year, and gave advisory approval to executive compensation.

Positive

  • None.

Negative

  • None.

Insights

Trevi gained flexibility with more authorized shares and a larger, tighter equity plan.

Stockholders approved doubling authorized common stock from 200,000,000 to 400,000,000 shares. This does not issue new shares by itself, but it permits the company to issue more equity in the future for financing, acquisitions, or compensation, depending on later decisions.

The Amended and Restated 2019 Stock Incentive Plan adds 8,000,000 shares for employee and director awards and introduces limits on non-employee director compensation, share recycling, and dividend handling. These details shape how dilution from compensation could occur over time. Strong support across all proposals indicates broad stockholder alignment with the board’s capital and compensation framework.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Equity plan increase 8,000,000 shares Additional common shares available under Amended and Restated 2019 Stock Incentive Plan
Authorized common stock before amendment 200,000,000 shares Prior authorization in restated certificate of incorporation
Authorized common stock after amendment 400,000,000 shares New authorization effective June 3, 2026 after Delaware filing
Director election votes for 81,567,765 votes Votes for Michael Heffernan as Class I director
Say-on-pay votes for 98,119,461 votes Advisory approval of named executive officer compensation
Auditor ratification votes for 114,001,970 votes Ratification of Ernst & Young LLP as 2026 auditor
Share increase amendment votes for 110,453,620 votes Approval of increase in authorized common shares
Amended and Restated 2019 Stock Incentive Plan financial
"approved the Company's Amended and Restated 2019 Stock Incentive Plan (the “A&R 2019 Plan”)"
liberal share recycling financial
"prohibit liberal share recycling by providing that shares delivered to the Company"
dividends or dividend equivalents financial
"clarify that any dividends or dividend equivalents paid with respect to awards"
Certificate of Amendment regulatory
"upon the Company’s filing of a Certificate of Amendment to the Restated Certificate"
A certificate of amendment is an official filing that updates a company’s founding documents—its legal “rulebook” that sets share structure, voting rules, name and basic purpose. Think of it like changing the blueprint of a building: small changes are paperwork, big ones can alter who owns how much and who controls decisions. Investors watch these filings because they can affect share counts, voting power, dilution and company value.
broker non-votes financial
"Broker Non-Votes: | | | 14,140,404 |"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
emerging growth company regulatory
"Emerging growth company Item 5.02 Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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false0001563880--12-3100015638802026-06-032026-06-03

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): June 3, 2026

 

Trevi Therapeutics, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

Delaware

001-38886

45-0834299

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

195 Church Street, 16th Floor

New Haven, Connecticut

06510

(Address of Principal Executive Offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (203) 304-2499

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

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 (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading

symbol(s)

Name of each exchange

on which registered

Common stock, $0.001 par value per share

TRVI

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 


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

 

On June 3, 2026, Trevi Therapeutics, Inc., a Delaware corporation (the “Company”), held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders, upon the recommendation of the Board of Directors of the Company (the “Board”), approved the Company's Amended and Restated 2019 Stock Incentive Plan (the “A&R 2019 Plan”), which amendment and restatement had previously been approved by the Board subject to stockholder approval, to (i) increase the number of shares available for issuance under the plan by 8,000,000 shares of common stock, (ii) limit non-employee director compensation, (iii) prohibit liberal share recycling by providing that shares delivered to the Company in satisfaction of an exercise price or tax withholding do not become available under the A&R 2019 Plan for future grants and (iv) clarify that any dividends or dividend equivalents paid with respect to awards under the A&R 2019 Plan are subject to the same vesting and forfeiture provisions as the award with respect to which the dividend or dividend equivalent is paid.

 

The description of the A&R 2019 Plan contained in the Company’s definitive proxy statement for the Annual Meeting, filed with the Securities and Exchange Commission (the “SEC”) on April 21, 2026, under the heading “Proposal No. 4—Approval of the Trevi Therapeutics, Inc. Amended and Restated 2019 Stock Incentive Plan” is incorporated herein by reference. A complete copy of the A&R 2019 Plan is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

 

At the Annual Meeting, the Company’s stockholders approved an amendment (the “Amendment”) to the Company’s restated certificate of incorporation (“Certificate of Incorporation”) to increase the number of authorized shares of the Company’s common stock from 200,000,0000 shares to 400,000,000 shares.

 

The Amendment became effective upon the Company’s filing of a Certificate of Amendment to the Restated Certificate of Incorporation with the Secretary of State of the State of Delaware on June 3, 2026 (the “Certificate of Amendment”).

 

The foregoing description of the terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.

 

Item 5.07 Submission of Matters to a Vote of Security Holders

On June 3, 2026, the Company held the Annual Meeting. At the Annual Meeting, the Company’s stockholders voted on the following proposals:

1. Michael Heffernan was elected to the Board as a Class I director for a term expiring at the 2029 annual meeting of stockholders.

 

For:

 

 

81,567,765

 

Withheld:

 

 

18,635,726

 

Broker Non-Votes:

 

 

14,140,404

 

2. The appointment of Ernst & Young LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2026 was ratified.

 

For:

 

 

114,001,970

 

Against:

 

 

223,323

 

Abstain:

 

 

118,602

 

 


3. The compensation of the Company's named executive officers was approved, on an advisory basis.

 

For:

 

 

98,119,461

 

Against:

 

 

1,982,126

 

Abstain:

 

 

101,904

 

Broker Non-Votes:

 

 

14,140,404

 

 

4. The A&R 2019 Plan was approved.

 

For:

 

 

98,140,470

 

Against:

 

 

1,961,030

 

Abstain:

 

 

101,991

 

Broker Non-Votes:

 

 

14,140,404

 

 

5. The Amendment to increase the number of authorized shares of common stock from 200,000,000 shares to 400,000,000 shares was approved.

 

For:

 

 

110,453,620

 

Against:

 

 

3,872,599

 

Abstain:

 

 

17,676

 

 

 


Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

Description

 

 

 

3.1

 

Certificate of Amendment to the Restated Certificate of Incorporation, as amended, of Trevi Therapeutics, Inc.

99.1

Amended and Restated 2019 Stock Incentive Plan (incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on April 21, 2026).

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

TREVI THERAPEUTICS, INC.

 

 

 

Date: June 4, 2026

 

By:

/s/ David C. Hastings

 

 

 

Name: David C. Hastings

 

 

 

Title: Chief Financial Officer

 


FAQ

What did Trevi Therapeutics (TRVI) stockholders approve at the 2026 annual meeting?

Stockholders approved an amended 2019 Stock Incentive Plan, doubled authorized common shares to 400,000,000, elected a Class I director, ratified Ernst & Young LLP as auditor for 2026, and gave advisory approval to named executive officer compensation.

How many additional shares were added to Trevi Therapeutics’ 2019 Stock Incentive Plan?

The Amended and Restated 2019 Stock Incentive Plan increases shares available for issuance by 8,000,000 common shares. It also limits non-employee director compensation, tightens share recycling rules, and aligns dividend or dividend equivalent payments with the vesting and forfeiture terms of each award.

How did Trevi Therapeutics (TRVI) change its authorized common stock shares?

Stockholders approved an amendment to Trevi Therapeutics’ restated certificate of incorporation to increase authorized common stock from 200,000,000 shares to 400,000,000 shares. The change became effective when the Certificate of Amendment was filed in Delaware on June 3, 2026.

Who was elected to Trevi Therapeutics’ board at the 2026 annual meeting?

Michael Heffernan was elected as a Class I director for a term expiring at the 2029 annual meeting. He received 81,567,765 votes for, 18,635,726 withheld, and 14,140,404 broker non-votes, indicating clear but not unanimous stockholder support for his election.

Was Trevi Therapeutics’ executive compensation approved by stockholders?

Yes. On an advisory basis, stockholders approved compensation for Trevi Therapeutics’ named executive officers, with 98,119,461 votes for, 1,982,126 against, 101,904 abstentions, and 14,140,404 broker non-votes, reflecting strong overall support for the company’s pay practices.

Did Trevi Therapeutics’ stockholders ratify the company’s auditor for 2026?

Stockholders ratified Ernst & Young LLP as Trevi Therapeutics’ independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote totals were 114,001,970 for, 223,323 against, and 118,602 abstaining, showing very high support for the auditor choice.

How strongly was Trevi Therapeutics’ share authorization increase supported?

The amendment to increase authorized common shares from 200,000,000 to 400,000,000 received 110,453,620 votes for, 3,872,599 against, and 17,676 abstentions. This wide margin indicates broad stockholder backing for expanded share authorization flexibility under the company’s charter.

Filing Exhibits & Attachments

2 documents