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EX-31.2 - EX-31.2 - MELINTA THERAPEUTICS, INC. /NEW/d199753dex312.htm
EX-31.1 - EX-31.1 - MELINTA THERAPEUTICS, INC. /NEW/d199753dex311.htm
EX-10.35 - EX-10.35 - MELINTA THERAPEUTICS, INC. /NEW/d199753dex1035.htm
EX-10.34 - EX-10.34 - MELINTA THERAPEUTICS, INC. /NEW/d199753dex1034.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 10-K/A

(Amendment No. 1)

 

 

 

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2015

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from                      to                     

Commission File Number: 001-35405

 

 

CEMPRA, INC.

(Exact name of registrant specified in its charter)

 

 

 

Delaware   2834   45-4440364

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification No.)

6320 Quadrangle Drive, Suite 360

Chapel Hill, NC 27517

(Address of Principal Executive Offices)

(919) 313-6601

(Telephone Number, Including Area Code)

Securities Registered Pursuant to Section 12(b) of the Exchange Act:

 

Title of Each Class

 

Name of Exchange on which Registered

Common Stock, $0.001 Par Value   Nasdaq Global Market

Securities Registered Pursuant to Section 12(g) of the Act: None

 

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ¨    No  x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.    Yes  ¨    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   x    Accelerated filer   ¨
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)    Smaller reporting company   ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The aggregate market value of the voting stock held by non-affiliates of the registrant, as of June 30, 2015, was approximately $1.2 billion. Such aggregate market value was computed by reference to the closing price of the common stock as reported on the Nasdaq Global Market on June 30, 2015. For purposes of making this calculation only, the registrant has defined affiliates as including only directors and executive officers and shareholders holding greater than 10% of the voting stock of the registrant as of June 30, 2015.

As of February 18, 2016 there were 48,169,733 shares of the registrant’s common stock, $0.001 par value, outstanding.

 

 

DOCUMENTS INCORPORATED BY REFERENCE

Certain portions of the registrant’s definitive Proxy Statement for its 2016 Annual Meeting of Stockholders are incorporated herein by reference, as indicated in Part III.

 

 

 


EXPLANATORY NOTE

Cempra, Inc. is filing this Amendment No. 1 (the “Amendment”) to our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as originally filed with the Securities and Exchange Commission (“SEC”) on February 25, 2016 (the “Original Form 10-K”), to (i) amend Item 5(a) of Part II to provide the high and low sales prices for our common stock for each quarter of 2014 and 2015 and (ii) amend Item 15(b) of Part IV to re-file two agreements that were filed as exhibits to the Original Form 10-K to reflect the inclusion of information that we had previously requested be treated confidentially. In addition, Item 15(b) of Part IV is being amended solely to file as exhibits certain new certifications in accordance with Rule 13a-14(a) promulgated by the SEC under the Securities Exchange Act of 1934.

Except as described above, no other changes have been made to the Original Form 10-K. This Amendment No. 1 continues to speak as of the date of the Original Form 10-K and we have not updated the disclosure herein to reflect any events that occurred at a later date other than as expressly stated herein. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K and with our filings made with the SEC subsequent to the filing of the Original Form 10-K.


PART II

 

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Our common stock is traded under the symbol “CEMP” and is quoted on the NASDAQ Global Market. The following table sets forth the high and low sale prices of our common stock, as reported on the NASDAQ Global Market in each quarter of 2015 and 2014.

 

     High      Low  

2015

     

Fourth quarter

   $ 34.79      $ 15.43  

Third quarter

   $ 46.99      $ 24.00  

Second quarter

   $ 39.68      $ 31.15  

First quarter

   $ 41.63      $ 21.52  

2014

     

Fourth quarter

   $ 24.71      $ 10.86  

Third quarter

   $ 11.60      $ 8.55  

Second quarter

   $ 12.00      $ 8.10  

First quarter

   $ 15.39      $ 10.60  


PART IV

 

Item 15. Exhibits, Financial Statement Schedules

(3) Exhibits. The following exhibits are included herein or incorporated herein by reference:

 

Exhibit

No.

  

Description

  

Registrant’s

Form

  

Dated

  

Exhibit

Number

  

Filed

Herewith

    2.1

   Form of Plan of Conversion of Cempra Holdings, LLC.    S-1    10/12/2011    2.1   

    3.1

   Certificate of Incorporation of Cempra, Inc.     S-1/A    1/13/2012    3.1   

    3.2

   Form of Bylaws of Cempra, Inc.    S-1    10/12/2011    3.2   

    4.1

   Specimen of Common Stock Certificate of Cempra, Inc.     S-1/A    11/22/2011    4.1   

    4.2

   Form of Registration Rights Agreement by and among Cempra, Inc. and certain of its stockholders, to be effective upon the corporate conversion.    S-1    10/12/2011    4.2   

  10.1

   Forms of Indemnification Agreements by and between Cempra, Inc. and its directors.     S-1    10/12/2011    10.1   

  10.2

   Cempra, Inc. Sixth Amended and Restated 2006 Stock Plan.    S-1/A    1/13/2012    10.2   

  10.3

   Cempra, Inc. 2011 Equity Incentive Plan and Form of Stock Option Agreement thereunder.    S-1/A    1/13/2012    10.3   

  10.4*

   Collaborative Research and Development and License Agreement dated March 31, 2006, by and between Cempra Pharmaceuticals, Inc. and Optimer Pharmaceuticals, Inc.    S-1    10/12/2011    10.4   

  10.5*

   Supply Agreement effective March 15, 2011, by and among CEM-102 Pharmaceuticals, Inc., Ercros S.A. and Gyma Laboratories of America, Inc.    S-1    10/12/2011    10.5   

  10.6

   Office Lease Agreement dated November 9, 2011 between Cempra Pharmaceuticals, Inc. and Property Reserve, Inc.    S-1/A    11/22/2011    10.6   

  10.7

   Loan and Security Agreement dated December 20, 2011 between Cempra Holdings, LLC and Hercules Technology Growth Capital, Inc.    S-1/A    12/22/2011    10.7   

  10.8

   Secured Promissory Note dated December 20, 2011, issued by Cempra Holdings, LLC to Hercules Technology Growth Capital, Inc.    S-1/A    12/22/2011    10.8   

  10.9*

   License Agreement, effective June 12, 2012, between The Scripps Research Institute and Cempra Pharmaceuticals, Inc.    10-Q    8/08/2012    10.9   

  10.10

   2011 Equity Incentive Plan, as amended May 23, 2013.    10-Q    7/31/2013    10.3   

  10.11*

   Exclusive License and Development Agreement by and between Cempra Pharmaceuticals, Inc. and Toyama Chemical Co., Ltd., dated May 8, 2013.    10-Q    7/31/2013    10.13   

  10.12*

   Supply Agreement by and between Cempra Pharmaceuticals, Inc. and Toyama Chemical Co., Ltd., dated May 8, 2013.    10-Q    7/31/2013    10.14   

  10.13*

   Contract by and between Cempra, Inc. and the Biomedical Advanced Research and Development Authority, dated May 24, 2013.    10-Q    7/31/2013    10.15   

  10.14*

   Development and Supply Agreement by and between Cempra Pharmaceuticals, Inc. and Hospira Worldwide, Inc. effective as of July 1, 2013.    10-Q/A    11/08/2013    10.18   


  10.15

   Amendment No. 1, effective as of September 26, 2013 to Exclusive License And Development Agreement by and between Cempra Pharmaceuticals, Inc. and Toyama Chemical Co., Ltd, dated May 8, 2013.    10-Q    10/29/2013    10.19   

  10.16

   Amendment No. 2 to Loan and Security Agreement, dated May 31, 2013, by and among Cempra, Inc., and each of its subsidiaries signatory thereto, and Hercules Capital Funding Trust 2012-1, as a lender and Hercules Technology Growth Capital, Inc., as a lender and as an agent for the lenders.    8-K    6/06/2013    10.12   

  10.17

   Form of Employment Agreement by and between Cempra, Inc. and Prabhavathi B. Fernandes, Ph.D.    8-K    8/13/2013    10.16   

  10.18

   Form of Change in Control Severance Agreement by and between Cempra, Inc. and Prabhavathi B. Fernandes, Ph.D.    8-K    8/13/2013    10.17   

  10.19

   First Amendment, dated May 17, 2013, to Office Lease Agreement dated November 9, 2011 between Cempra Pharmaceuticals, Inc., and Property Reserve, Inc.    10-K    2/28/2014    10.21   

  10.20

   Second Amendment, dated August 13, 2013, to Office Lease Agreement dated November 9, 2011 between Cempra Pharmaceuticals, Inc., and Property Reserve, Inc.    10-K    2/28/2014    10.22   

  10.21

   Amendment No. 3 to Loan and Security Agreement, dated March 27, 2014, by and among Cempra, Inc., and each of its subsidiaries signatory thereto, and Hercules Capital Funding Trust 2012-1, as a lender and Hercules Technology Growth Capital, Inc., as a lender and as an agent for the lenders.    8-K    10/17/2014    10.23   

  10.22

   Third Amendment, dated March 31, 2014, to Office Lease Agreement dated November 9, 2011 between Cempra, Inc. and Property Reserve, Inc.    10-Q    4/29/2014    10.24   

  10.23

   Change in Control Severance Agreement, dated May 23, 2014, by and between Cempra, Inc. and Mark W. Hahn.    8-K    5/29/2014    10.25   

  10.24

   Amendment No. 4 to Loan and Security Agreement, dated June 30, 2014, by and among Cempra, Inc., and each of its subsidiaries signatory thereto, and Hercules Capital Funding Trust 2012-1, as a lender and Hercules Technology Growth Capital, Inc., as a lender and as an agent for the lenders.    10-Q    7/29/2014    10.25   

  10.25

   Amendment, dated November 13, 2014, to Contract by and between Cempra Pharmaceuticals, Inc. and the Biomedical Advanced Research and Development Agency, dated May 24, 2013.    10-K    2/29/2015    10.27   

  10.26

   Change in Control Severance Agreement, dated May 23, 2014, by and between Cempra, Inc. and David Moore    10-Q    4/30/2015    10.1   

  10.27

   Loan and Security Agreement, dated as of July 10, 2015, by and among Comerica Bank and Cempra, Inc., Cempra Pharmaceuticals, Inc. and CEM-102 Pharmaceuticals, Inc.    8-K    7/16/2015    10.1   

  10.28

   Form of Change in Control Severance Agreement by and between Cempra, Inc. and David W. Oldach, M.D.    8-K    10/19/2015    10.1   

  10.29

   Amendment to Form of Employment Agreement by and between Cempra, Inc. and Prabhavathi B. Fernandes, Ph.D.    8-K    10/19/2015    10.2   


  10.30

   Amendment to Form of Change in Control Severance Agreement by and between Cempra, Inc. and Prabhavathi Fernandes, Ph.D.    8-K    10/19/2015    10.3   

  10.31

   Amendment to Form of Change in Control Severance Agreement by and between Cempra, Inc. and Mark W. Hahn    8-K    10/19/2015    10.4   

  10.32

   Amendment to Form of Change in Control Severance Agreement by and between Cempra, Inc. and David Moore    8-K    10/19/2015    10.5   

  10.34**

   Option and License Agreement, dated January 29, 2016, between Cempra Pharmaceuticals, Inc. and Macrolide Pharmaceuticals, Inc.             X

  10.35**

   API Manufacturing and Supply Agreement, entered into January 18, 2016, by and between Cempra, Inc. and FUJIFILM Finechemicals Co., Ltd.             X

  21.1

   List of subsidiaries of Cempra Holdings, LLC.    S-1    10/12/2011    21.1   

  23.1

   Consent of Independent Registered Public Accounting Firm    10-K    2/25/2016    23.1   

  31.1

   Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.             X

  31.2

   Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.             X

  32.1

   Certification of the Chief Executive Officer Pursuant to 18 U.S. C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.    10-K    2/25/2016    32.1   

  32.2

   Certification of the Chief Financial Officer Pursuant to 18 U.S. C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.    10-K    2/25/2016    32.2   

101

   Financials in XBRL format.    10-K    2/25/2016    101   

 

* The Registrant has received confidential treatment with respect to portions of this exhibit. Those portions have been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request.
** Confidential treatment has been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the SEC.


SIGNATURES

Pursuant to the requirements of the Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Amendment No. 1 on Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    CEMPRA, INC.

June 17, 2016

   
    By:  

/s/ Prabhavathi Fernandes, Ph.D.

     

Prabhavathi Fernandes, Ph.D.

President and Chief Executive Officer