# EDGAR Filing Document

**Accession Number:** 0000873303
**File Stem:** 0000950170-25-083131
**Filing Date:** 2025-6
**Character Count:** 14327
**Document Hash:** 9175a2557c4091f5704034e9fe7bc3f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-083131.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0000950170-25-083131

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250605

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sarepta Therapeutics, Inc.
- **CENTRAL INDEX KEY:** 0000873303
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 930797222
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14895
- **FILM NUMBER:** 251031171

**BUSINESS ADDRESS:**
- **STREET 1:** 215 FIRST STREET
- **STREET 2:** SUITE 415
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142
- **BUSINESS PHONE:** 617-274-4000

**MAIL ADDRESS:**
- **STREET 1:** 215 FIRST STREET
- **STREET 2:** SUITE 415
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sarepta Therapuetics, Inc.
- **DATE OF NAME CHANGE:** 20120712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVI BIOPHARMA INC
- **DATE OF NAME CHANGE:** 19980930

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANTIVIRALS INC
- **DATE OF NAME CHANGE:** 19970123

?xml version='1.0' encoding='ASCII'? 8-K

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**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## **FORM** 8-K

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**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 05, 2025<br>

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Sarepta Therapeutics, Inc.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 001-14895 | 93-0797222 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 215 First Street |  |  |
| Cambridge**,** Massachusetts |  | 02142 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (617) 274-4000<br>

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

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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:

☐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:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share | SRPT | Nasdaq Global Select Market |

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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. ☐

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

On June 5, 2025, Sarepta Therapeutics, Inc. (the "Company") held its annual meeting of stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders voted to approve Amendment No. 4 (the "2018 Plan Amendment") to the Company's 2018 Equity Incentive Plan (the "2018 Plan"). The 2018 Plan Amendment increases the maximum aggregate number of shares of common stock that may be issued pursuant to awards granted under the 2018 Plan by 4,300,000 shares to 17,487,596 shares. The foregoing summary of the 2018 Plan Amendment is qualified in its entirety by reference to the full text of the 2018 Plan Amendment, which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

At the Annual Meeting, the Company's stockholders also voted to approve Amendment No. 3 (the "2016 ESPP Amendment") to the Amended and Restated 2013 Employee Stock Purchase Plan, as amended and restated on June 27, 2016 (the "2016 ESPP"). The 2016 ESPP Amendment increases the number of shares of the Company's common stock authorized for issuance under the 2016 ESPP by 300,000 shares to 1,700,000 shares. The foregoing summary of the 2016 ESPP Amendment is qualified in its entirety by reference to the full text of the 2016 ESPP Amendment, which is attached as Exhibit 10.2 hereto and is incorporated herein by reference.

**Item 5.07. Submission of Matters to a Vote of Security Holders.**

The following is a brief description of each proposal voted upon at the Annual Meeting and the final voting results for each such proposal. As of the record date for the Annual Meeting, April 8, 2025, there were 98,256,898 shares of common stock outstanding and entitled to vote at the Annual Meeting. There were 84,586,114 shares of common stock entitled to vote at the Annual Meeting present online or represented by proxy, which represented 86.09% of the outstanding shares entitled to vote at the Annual Meeting, and which constituted a quorum for the transaction of business.

**<u>Proposal 1: Election of Directors</u>** 

The director nominees listed below were elected to serve on the Company's board of directors as members of Class II for a term of two years. The results of the vote were as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Nominee** | **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| Richard J. Barry | 64757685 | 9565547 | 60768 | 10202114 |
| M. Kathleen Behrens, Ph.D. | 69004024 | 5336943 | 43033 | 10202114 |
| Stephen L. Mayo, Ph.D.  | 73289653 | 1051656 | 42691 | 10202114 |
| Claude Nicaise, M.D. | 71006475 | 3334914 | 42611 | 10202114 |

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**<u>Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation</u>**

The stockholders approved, on an advisory basis, the compensation of the Company's named executive officers for 2024. The results of the advisory vote were as follows:

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 72,144,292 | 2,176,998 | 62,710 | 10,202,114 |

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**<u>Proposal 3: Amendment to the Company's 2018 Equity Incentive Plan</u>**

The stockholders approved the 2018 Plan Amendment. The results of the vote were as follows:

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 71,084,947 | 3,248,699 | 50,354 | 10,202,114 |

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**<u>Proposal 4: Amendment to the Company's Amended and Restated 2013 Employee Stock Purchase Plan</u>**

The stockholders approved the 2016 ESPP Amendment. The results of the vote were as follows:

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 73,725,724 | 629,170 | 29,106 | 10,202,114 |

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**<u>Proposal 5: Ratification of KPMG as the Company's Independent Registered Public Accounting Firm</u>**

The stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the current year ending December 31, 2025. The results of the vote were as follows:

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| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| 80,588,115 | 3,875,497 | 122,502 |

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**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

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| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit<br>Number** | &nbsp;&nbsp; <br>**Description** |
| &nbsp;&nbsp;10.1 | &nbsp;&nbsp;[<u>Amendment No. 4 to the Sarepta Therapeutics, Inc. 2018 Equity Incentive Plan</u>](srpt-ex10_1.htm) |
| &nbsp;&nbsp;10.2 | &nbsp;&nbsp;[<u>Amendment No. 3 to the Sarepta Therapeutics, Inc. Amended and Restated 2013 Employee Stock Purchase Plan</u>](srpt-ex10_2.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;The cover page from this Current Report on Form 8-K of Sarepta Therapeutics, Inc., formatted in Inline XBRL and included as Exhibit 101 |

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**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 hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **Sarepta Therapeutics, Inc.** |
| Date: | June 6, 2025 | By:  | /s/ Douglas S. Ingram |
|  |  |  | Douglas S. Ingram<br>President and Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**AMENDMENT NO. 4**

**TO THE**

**SAREPTA THERAPEUTICS, INC.**

**2018 EQUITY INCENTIVE Plan**

**WHEREAS**, Sarepta Therapeutics, Inc. (the "<u>Company</u>") previously adopted and approved the 2018 Equity Incentive Plan (the "<u>Plan</u>");

**WHEREAS**, the Plan was previously amended by that certain Amendment No. 1, approved by the Board of Directors of the Company (the "<u>Board</u>") on April 3, 2020 and the Company's stockholders on June 4, 2020, that certain Amendment No. 2, approved by the Board on April 5, 2022 and the Company's stockholders on June 2, 2022, and that certain Amendment No. 3 approved by the Board on April 6, 2023 and the Company's stockholders on June 8, 2023;

**WHEREAS**, pursuant to Section 20 of the Plan, the "Administrator" (defined under the Plan as the Board or any of its committees) may amend the Plan from time to time subject to Company stockholder approval; and

**WHEREAS**, the Board, as Administrator, has determined that it is in the best interests of the Company and its stockholders to further amend the Plan to increase the number of authorized shares under the Plan by 4,300,000 shares of common stock of the Company, as authorized under the Plan.

**NOW, THEREFORE**, subject to the approval of the Company's stockholders at the Company's annual meeting on June 5, 2025, the Plan hereby is amended, effective April 11, 2025, the date of approval by the Board, as follows:

Section 3(a) of the Plan, entitled "Stock Subject to the Plan," shall be replaced in its entirety by the following:

"(a) <u>Stock Subject to the Plan</u>. Subject to adjustment pursuant to Section 15(a) of the Plan, the maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 17,487,596 Shares, which reflects (i) 4,300,000 new shares subject to the Fourth Amendment to the Plan, (ii) 2,500,000 new shares subject to the Third Amendment to the Plan (iii) 2,500,000 shares subject to the Second Amendment to the Plan (iv) 3,800,000 Shares subject to the First Amendment to the Plan; (v) 2,900,000 Shares approved by stockholders on June 6, 2018; and (vi) 1,487,596 Shares, which was the maximum number of Shares available under the Amended and Restated 2011 Equity Incentive Plan (the "2011 Plan") as of April 11, 2018, plus the number of Shares subject to outstanding awards under the 2011 Plan that expire or otherwise terminate without having been exercised in full, or are forfeited to or repurchased by us, up to a maximum of 2,412,466 Shares; provided, however, that such aggregate number of Shares available for issuance under the Plan shall be reduced by 1.41 shares for each Share delivered in settlement of any Full Value Award and, provided further, that no more than 9,200,000 Shares may be issued upon the exercise of Incentive Stock Options. The Shares may be authorized, but unissued, or reacquired Common Stock."

Except as modified herein, the Plan is hereby specifically ratified and affirmed.

Approved by the Board on April 11, 2025.

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## Exhibit 10.2

**Exhibit 10.2**

**AMENDMENT NO. 3**

**TO THE**

**SAREPTA THERAPEUTICS, INC.**

**AMENDED AND RESTATED**

**2013 EMPLOYEE STOCK PURCHASE PLAN**

**(AS AMENDED AND RESTATED ON JUNE 27, 2016)**

**WHEREAS**, Sarepta Therapeutics, Inc. (the "<u>Company</u>") previously adopted and approved the Amended and Restated 2013 Employee Stock Purchase Plan (as Amended and Restated as of June 27, 2016) (the "<u>Plan</u>");

**WHEREAS**, the Plan was amended by that certain Amendment No. 1, approved by the stockholders on June 6, 2019, and that certain Amendment No. 2, approved by the stockholders on June 8, 2023;

**WHEREAS**, pursuant to Section 18(a) of the Plan, the "Administrator" (defined under the Plan as the Board of Directors of the Company (the "<u>Board</u>") or any of its committees) may amend the Plan from time to time subject to Company stockholder approval;

**WHEREAS**, the Board, as Administrator, has determined that it is in the best interests of the Company and its stockholders to amend the Plan to increase the number of authorized shares under the Plan by 300,000 shares of common stock of the Company, as authorized under the Plan; and

**NOW, THEREFORE**, subject to the approval of the Company's stockholders at the Company's annual meeting in 2025 on June 5, 2025, the Plan hereby is amended, effective April 11, 2025, the date of approval by the Board, as follows:

"Subject to adjustment upon changes in capitalization of the Company as provided in Section 17 hereof, the maximum number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be one million seven hundred thousand (1,700,000) shares."

This Amendment No. 3 to the Plan is adopted by the Board, effective as of April 11, 2025, the date of approval by the Board.

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