Quanterix Corp Files 8-K on Director Changes and Compensation
Ticker: QTRX · Form: 8-K · Filed: May 28, 2024 · CIK: 1503274
| Field | Detail |
|---|---|
| Company | Quanterix Corp (QTRX) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $400,000, $1.0 million, $1.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: QTRX
TL;DR
Quanterix filed an 8-K for director changes and executive comp updates.
AI Summary
On May 21, 2024, Quanterix Corporation filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these arrangements are not detailed in this excerpt.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically carries a lower immediate risk compared to financial distress or major operational changes.
Key Players & Entities
- Quanterix Corporation (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-38319 (company_id) — SEC File Number
- 20-8957988 (company_id) — IRS Employer Identification No.
- 900 Middlesex Turnpike Billerica, MA 01821 (address) — Address of principal executive offices
- ( 617 ) 301-9400 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to Quanterix Corporation's board of directors?
The filing indicates the election of directors as an item of report, but the specific names of newly elected or departing directors are not detailed in this excerpt.
What information is provided regarding the compensatory arrangements of certain officers?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item of report, but the specific details of these arrangements, including dollar amounts or terms, are not included in this provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 21, 2024.
What is Quanterix Corporation's principal executive office address?
Quanterix Corporation's principal executive office is located at 900 Middlesex Turnpike, Billerica, MA 01821.
What is the SEC file number for Quanterix Corporation?
The SEC file number for Quanterix Corporation is 001-38319.
Filing Stats: 755 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-05-28 16:07:19
Key Financial Figures
- $0.001 — e on which registered Common Stock, $0.001 par value per share QTRX The Nasdaq G
- $400,000 — ng Officer, Mr. Miller's base salary is $400,000, and he will be eligible to receive an
- $1.0 million — y grant with a grant date fair value of $1.0 million in the form of 70% options and 30% rest
- $1.5 million — a target grant date fair value of up to $1.5 million. If Mr. Miller's employment is terminat
Filing Documents
- tm2415612d1_8k.htm (8-K) — 26KB
- 0001104659-24-065578.txt ( ) — 194KB
- qtrx-20240521.xsd (EX-101.SCH) — 3KB
- qtrx-20240521_lab.xml (EX-101.LAB) — 33KB
- qtrx-20240521_pre.xml (EX-101.PRE) — 22KB
- tm2415612d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) & (c) On May 21, 2024, Michael Miller, age 60, was appointed as Chief Operating Officer of Quanterix Corporation (the "Company"). Mr. Miller served as the Company's Senior Vice President, Accelerator and Clinical Services, from July 2021 until May 2024. Prior to joining the Company, he was at ProterixBio, Inc. for over 14 years, most recently serving as Chief Executive Officer from November 2016 to July 2021 and as Chief Operating Officer from February 2015 to November 2016. Mr. Miller succeeds Daniel Pikora, former Chief Operating Officer, who resigned from the role on May 21, 2024 and will pursue opportunities outside the Company. Mr. Pikora will remain with the Company for a limited period to assist with an orderly transition of the role. As Chief Operating Officer, Mr. Miller's base salary is $400,000, and he will be eligible to receive an annual performance bonus of up to 50% of his base salary at target. He also received an equity grant with a grant date fair value of $1.0 million in the form of 70% options and 30% restricted stock units. This grant will vest 25% on May 21, 2025, with the remaining 75% vesting in 36 equal monthly installments thereafter. He is also eligible to receive an annual equity grant as part of the Company's long-term equity award cycle, with a target grant date fair value of up to $1.5 million. If Mr. Miller's employment is terminated by us without cause or he resigns for good reason, he will receive continued payment of his base salary for six months, payment of an amount equal to his prorated annual target bonus for the year of termination, and health benefits continuation for six months. If Mr. Miller's employment is terminated by us without cause or he resigns for good reason within the 90-day period immediately preceding or the twelve-month period immediately following
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
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 thereunto duly authorized. QUANTERIX CORPORATION By: /s/ Vandana Sriram Vandana Sriram Chief Financial Officer Date: May 28, 2024