Company: TVRD
Filing Date: 2025-01-27
Form Type: S-4/A
Source: 0001104659-25-006050
Chunk: 408

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-01-27
Form: S-4/A
Chunk 408
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 composed solely of non-management directors, and are believed to be reasonable and in line with marketplace norms.

Accordingly, Cara is seeking approval of the following resolution at the Cara special meeting:

“RESOLVED, that the stockholders of Cara Therapeutics, Inc. approve, on a nonbinding, advisory basis, the compensation that will or may become payable by Cara to its named executive officers that is based on or otherwise relates to the merger as disclosed pursuant to Item 402(t) of Regulation S-K in the section titled“The Merger — Interests of the Cara Directors and Executive Officers in the Merger — Golden Parachute Compensation.”

Stockholders of Cara should note that this proposal is not a condition to the closing of the Merger, and as an advisory vote, the result will not be binding on Cara, its board of directors or the named executive officers. Further, the underlying employment agreements, equity awards and other arrangements are contractual in nature and not, by their terms, subject to stockholder approval. Accordingly, regardless of the outcome of the advisory vote, if the Merger is consummated and Cara’s named executive officers are terminated in connection with the Merger, the named executive officers will be eligible to receive the compensation that is based on or otherwise relates to the Merger in accordance with the terms and conditions applicable to the underlying employment agreements, equity awards and other arrangements Cara entered into with these named executive officers.

Required Vote; Recommendation of the Cara Board

The affirmative vote of the holders of a majority of the shares present in person (by virtual attendance) or represented by proxy at the Cara special meeting and entitled to vote on the matter, assuming a quorum is present, is required to approve the non-binding advisory vote on compensation that will or may become payable by Cara to its named executive officers in connection with the merger.

CARA’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THIS PROPOSAL NO. 6 TO APPROVE, ON A NON-BINDING ADVISORY VOTE BASIS, COMPENSATION THAT WILL OR MAY BECOME PAYABLE BY CARA TO ITS NAMED EXECUTIVE OFFICERS IN CONNECTION WITH THE MERGER.

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PROPOSAL NO. 7 (THE ADJOURNMENT PROPOSAL): APPROVAL OF POSSIBLE ADJOURNMENT OF THE CARASPECIAL MEETING</div>

If Cara fails to receive a sufficient number of votes to approve the Stock Issuance Proposal