| | Important Notice Regarding the Availability of Proxy Materials for the Stockholders’ Meeting to Be Held on October | | |
| | The proxy statement and annual report to stockholders are available at http://www.viewproxy.com/Semler/ | | |
| | You are cordially invited to attend the meeting. Whether or not you expect to attend the meeting virtually, please complete, date, sign and return the enclosed proxy, or vote over the telephone or the internet as instructed in these materials, as promptly as possible in order to ensure your representation at the meeting. A return envelope (which is postage prepaid if mailed in the United States) has been provided for your convenience. Even if you have voted by proxy, you may still vote during the meeting if you attend the virtual meeting. Please note, however, that if your shares are held of record by a broker, bank or other nominee and you wish to vote at the meeting, you must obtain a proxy issued in your name from that record holder. | | |
| | Internet proxy voting may be provided to allow you to vote your shares online, with procedures designed to ensure the authenticity and correctness of your proxy vote instructions. However, please be aware that you must bear any costs associated with your internet access, such as usage charges from internet access providers and telephone companies. | | |
| Proposal Number | | | Proposal Description | | | Vote Required for Approval | | | Effect of Abstentions | | | Effect of Broker Non- Votes | |
| 1 | | | Election of Class | | | Nominees receiving the most “For” votes | | | None | | | None | |
| 2 | | | Advisory vote on executive compensation | | | Majority of votes cast “For” | | | None | | | None | |
| 3 | | | |||||||||||
Ratification of BDO USA, LLP as Independent Registered Public Accounting Firm for Fiscal | | | Majority of votes cast “For” | | | None | | | None | |
Name | | | Age | | | Principal Occupation/ Position Held With the Company | |
Douglas Murphy-Chutorian, M.D. | | | 67 | | | Chief Executive Officer and Class III Director | |
Daniel S. Messina | | | 65 | | | Class III Director | |
Name | | | Age | | | Principal Occupation/ Position Held With the Company, Class | |
Arthur “Abbie” Leibowitz, M.D., F.A.A.P. | | | | | | ||
Cindy H. Moon | | | 44 | | | Class II Director | |
Wayne T. Pan, M.D., Ph.D., MBA | | | 58 | | | Class I Director | |
Name | | Audit | | Compensation | | Nominating | | | Audit | | Compensation | | Nominating | | ||||||||||||||||||||||||
Arthur “Abbie” Leibowitz, M.D., F.A.A.P. | | | | | | | | | X | | | | | X | | | ||||||||||||||||||||||
Daniel S. Messina | | | | X | | | | | | | | | | X | | | ||||||||||||||||||||||
Cindy Moon | | | | X | | | | | | | | | | X | | | ||||||||||||||||||||||
Douglas Murphy-Chutorian, M.D. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Arthur “Abbie” Leibowitz, M.D., F.A.A.P. | | | | | | | | | X | | | | | X | | | ||||||||||||||||||||||
Wayne T. Pan, M.D., Ph.D. | | | | X | | | | | | | | | | X | | | | | | X | | | | | X | | | | | | | | ||||||
Total Meetings in 2019 | | | | 4 | | | | | 1 | | | | | 0 | | | ||||||||||||||||||||||
Total Meetings in 2020 | | | | 4 | | | | | 1 | | | | | 1 | | |
| | Year Ended December 31, | | | Year Ended December 31, | | ||||||||||||||||||||
| | 2019 | | 2018 | | | 2020 | | 2019 | | ||||||||||||||||
Audit Fees | | | $ | 402,000 | | | | $ | 200,650 | | | | | $ | 328,700 | | | | $ | 402,000 | | | ||||
Audit-related Fees | | | | 0 | | | | | 0 | | | | | | 0 | | | | | 0 | | | ||||
Tax Fees | | | | 27,000 | | | | | 0 | | | | | | 28,150 | | | | | 27,000 | | | ||||
Total Fees | | | $ | 429,000 | | | | $ | 200,650 | | | | | $ | 356,850 | | | | $ | 429,000 | | |
Name and Address of Beneficial Owner | | Number of Shares Beneficially Owned | | Percentage of Shares Beneficially Owned | | | Number of Shares Beneficially Owned | | Percentage of Shares Beneficially Owned | | ||||||||||||||||
5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | ||||
William H.C. Chang(1) | | | | 1,292,323 | | | | | 19.6% | | | | | | 1,273,512 | | | | | 18.9% | | | ||||
Park West Asset Management, LLC(2) | | | | 625,496 | | | | | 9.5% | | | | | | 648,818 | | | | | 9.6% | | | ||||
Eric Semler | | | | 568,221 | | | | | 8.6% | | | | | | 568,221 | | | | | 8.4% | | | ||||
Opaleye, L.P.(3) | | | | 333,500 | | | | | 5.1% | | | |||||||||||||||
Nantahala Capital Management, LLC(3) | | | | 360,760 | | | | | 5.3% | | | |||||||||||||||
Executive Officers and Directors: | | | | | | | | | | | | | | | | | | | | | | | ||||
Daniel E. Conger | | | | — | | | | | — | | | |||||||||||||||
Dr. Arthur N. Leibowitz(4) | | | | 50,000 | | | | | * | | | | | | 51,089 | | | | | * | | | ||||
Daniel S. Messina(5) | | | | 5,000 | | | | | * | | | |||||||||||||||
Dr. Douglas Murphy-Chutorian(6) | | | | 895,342 | | | | | 12.1% | | | |||||||||||||||
Dr. Wayne T. Pan(7) | | | | 46,333 | | | | | * | | | |||||||||||||||
Cindy H. Moon(5) | | | | 6,089 | | | | | * | | | |||||||||||||||
Daniel S. Messina(6) | | | | 6,089 | | | | | * | | | |||||||||||||||
Dr. Douglas Murphy-Chutorian(7) | | | | 881,974 | | | | | 11.6% | | | |||||||||||||||
Dr. Wayne T. Pan | | | | 43,778 | | | | | * | | | |||||||||||||||
Andrew B. Weinstein(8) | | | | 27,667 | | | | | * | | | | | | 30,000 | | | | | * | | | ||||
Daniel E. Conger | | | | — | | | | | * | | | |||||||||||||||
All directors and officers as a group (6 persons) | | | | 1,024,342 | | | | | 13.6% | | | |||||||||||||||
All directors and officers as a group (8 persons) | | | | 1,019,019 | | | | | 13.2% | | |
Name | | | Age | | | Position(s) | |
Douglas Murphy-Chutorian, M.D. | | | | | Chief Executive Officer and Director | | |
Andrew B. Weinstein | | | | | Senior Vice President, Finance and Accounting | | |
Daniel E. Conger | | | | | Vice President of Finance | |
Name and Principal Position | | Fiscal Year | | Salary ($) | | Bonus ($) | | Option Award(s) ($)(1) | | Non-Equity Incentive Plan Compensation ($)(2) | | All Other Compensation ($)(3) | | Total ($) | | | Fiscal Year | | Salary ($) | | Bonus ($) | | Non-Equity Incentive Plan Compensation ($)(1) | | All Other Compensation ($)(2) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Douglas Murphy-Chutorian, M.D. | | | | 2019 | | | | $ | 400,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 744,708 | | | | $ | 25,545 | | | | $ | 1,170,253 | | | | | | 2020 | | | | $ | 400,000 | | | | $ | 0 | | | | $ | 300,000 | | | | $ | 21,982 | | | | $ | 721,982 | | | |||||||||||||
director and chief executive officer | | | | 2018 | | | | $ | 367,500 | | | | $ | 0 | | | | $ | 746,250 | | | | $ | 448,642 | | | | $ | 15,975 | | | | $ | 1,578,367 | | | | | | 2019 | | | | $ | 400,000 | | | | $ | 0 | | | | $ | 744,708 | | | | $ | 25,545 | | | | $ | 1,170,253 | | | |||||||||||||
Andrew B. Weinstein | | | | 2019 | | | | $ | 265,625 | | | | $ | 55,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 1,686 | | | | $ | 322,311 | | | | | | 2020 | | | | $ | 294,792 | | | | $ | 60,000 | | | | $ | 0 | | | | $ | 31,545 | | | | $ | 352,170 | | | |||||||||||||
senior vice president, finance and | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounting | | | | 2018 | | | | $ | 230,000 | | | | $ | 46,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 979 | | | | $ | 276,979 | | | ||||||||||||||||||||||||||||||||||||||||||||
senior vice president, finance and accounting | | | | 2019 | | | | $ | 265,625 | | | | $ | 55,000 | | | | $ | 0 | | | | $ | 1,686 | | | | $ | 322,311 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
Daniel E. Conger, | | | | 2019 | | | | $ | 200,000 | | | | $ | 40,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 23,058 | | | | $ | 263,058 | | | | | | 2020 | | | | $ | 210,000 | | | | $ | 42,000 | | | | $ | 0 | | | | $ | 31,545 | | | | $ | 283,545 | | | |||||||||||||
vice president, finance | | | | 2018 | | | | $ | 200,000 | | | | $ | 40,000 | | | | $ | 0 | | | | $ | 0 | | | | $ | 22,024 | | | | $ | 262,024 | | | | | | 2019 | | | | $ | 200,000 | | | | $ | 40,000 | | | | $ | 0 | | | | $ | 23,058 | | | | $ | 263,058 | | |
Name | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | ||||||||||||||||||||||||||||||||
Douglas Murphy-Chutorian(1) | | | | 20,000 | | | | | 0 | | | | $ | 0.52 | | | | | 11/21/2022 | | | | | | 20,000 | | | | | 0 | | | | $ | 0.52 | | | | | 11/21/2022 | | | ||||||||
Douglas Murphy-Chutorian(1) | | | | 85,000 | | | | | 0 | | | | $ | 2.10 | | | | | 11/08/2024 | | | | | | 85,000 | | | | | 0 | | | | $ | 2.10 | | | | | 11/08/2024 | | | ||||||||
Douglas Murphy-Chutorian(1) | | | | 75,000 | | | | | 0 | | | | $ | 1.96 | | | | | 12/31/2024 | | | | | | 75,000 | | | | | 0 | | | | $ | 1.96 | | | | | 12/31/2024 | | | ||||||||
Douglas Murphy-Chutorian(1) | | | | 180,000 | | | | | 0 | | | | $ | 3.44 | | | | | 07/20/2025 | | | | | | 180,000 | | | | | 0 | | | | $ | 3.44 | | | | | 07/20/2025 | | | ||||||||
Douglas Murphy-Chutorian(1) | | | | 60,000 | | | | | 0 | | | | $ | 2.59 | | | | | 12/31/2025 | | | | | | 60,000 | | | | | 0 | | | | $ | 2.59 | | | | | 12/31/2025 | | | ||||||||
Douglas Murphy-Chutorian(2) | | | | 122,569 | | | | | 2,431 | | | | $ | 2.23 | | | | | 02/17/2026 | | | |||||||||||||||||||||||||||||
Douglas Murphy-Chutorian(2) | | | | 93,316 | | | | | 31,684 | | | | $ | 1.72 | | | | | 01/19/2027 | | | |||||||||||||||||||||||||||||
Douglas Murphy-Chutorian(1) | | | | 125,000 | | | | | 0 | | | | $ | 2.23 | | | | | 02/17/2026 | | | |||||||||||||||||||||||||||||
Douglas Murphy-Chutorian(1) | | | | 125,000 | | | | | 0 | | | | $ | 1.72 | | | | | 01/19/2027 | | | |||||||||||||||||||||||||||||
Douglas Murphy-Chutorian(2) | | | | 63,281 | | | | | 61,719 | | | | $ | 8.00 | | | | | 12/31/2027 | | | | | | 95,052 | | | | | 29,948 | | | | $ | 8.00 | | | | | 12/31/2027 | | | ||||||||
Andrew B. Weinstein(2) | | | | 21,271 | | | | | 8,729 | | | | $ | 3.15 | | | | | 03/14/2027 | | | | | | 28,896 | | | | | 1,104 | | | | $ | 3.15 | | | | | 03/14/2027 | | | ||||||||
Daniel E. Conger(1) | | | | 10,000 | | | | | 0 | | | | $ | 3.44 | | | | | 07/20/2025 | | | |||||||||||||||||||||||||||||
Daniel E. Conger(1) | | | | 3,000 | | | | | 0 | | | | $ | 2.59 | | | | | 12/31/2025 | | |
Name | | Fees Earned or Paid in Cash ($) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Total ($) | | ||||||||||||||||
Arthur “Abbie” Leibowitz, M.D., F.A.A.P. | | | $ | 67,500 | | | | $ | 67,500 | | | | | $ | 65,625 | | | | $ | 65,625 | | | ||||
Wayne T. Pan, M.D., Ph.D. | | | $ | 70,500 | | | | $ | 70,500 | | | | | $ | 70,500 | | | | $ | 70,500 | | | ||||
Daniel S. Messina | | | $ | 14,813 | | | | $ | 14,813 | | | |||||||||||||||
Cindy H. Moon | | | $ | 6,000 | | | | $ | 6,000 | | |
| September | | | By Order of the Board of Directors | |
| | | | /s/ Douglas Murphy-Chutorian Douglas Murphy-Chutorian, M.D. Corporate Secretary | |