Document:

brks_Ex4_2

		

			Exhibit 4.02

		

		
			DESCRIPTION OF THE REGISTRANT’S SECURITIES 
		

		
			REGISTERED PURSUANT TO SECTION 12 OF THE 
		

		
			SECURITIES EXCHANGE ACT OF 1934 
		

		
			As of September 30, 2019, Brooks Automation, Inc. has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended:  our common stock.  
		

		
			Description of Common Stock
		

		
			The following description of our common stock summarizes the material terms of the common stock. It may not contain all the information that is important to you. For the complete terms of our common stock, please refer to our Restated Certificate of Incorporation (“restated certificate of incorporation”) and our Amended and Restated Bylaws, as Amended (“amended and restated bylaws”), which are incorporated by reference as exhibits to the Annual Report on Form 10‐K of which this Exhibit 4.02 is a part. The Delaware General Corporation Law may also affect the terms of these securities.
		

		
			Authorized Capital Stock
		

		
			Under our restated certificate of incorporation our authorized capital stock consists of 125,000,000 shares of common stock, $0.01 par value per share, and 1,000,000 shares of preferred stock, $0.01 par value per share, of which 126,500 shares have been designated Series A Junior Participating Preferred Stock. We designated the Series A Junior Participating Preferred Stock in connection with a shareholder rights plan that has expired. Accordingly, we have no present intention to issue any shares of such stock. 
		

		
			Voting
		

		
			The holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of our stockholders. Our common stock does not have cumulative voting rights.
		

		
			Dividends
		

		
			If our board of directors declares a dividend, holders of our common stock will receive payments from our funds that are legally available to pay dividends.
		

		
			Liquidation and Dissolution
		

		
			If we are liquidated, dissolved or our affairs are wound up, the holders of our common stock will be entitled to share ratably in all the assets that remain after payment of our liabilities and the liquidation preference of any then outstanding preferred stock. 
		

		
			Other Rights and Restrictions
		

		
			Holders of our common stock have no preemptive or other subscription or conversion rights. There are no redemption or sinking fund provisions applicable to our common stock. The outstanding shares of our common stock are fully paid and nonassessable.
		

		
			Listing
		

		
			Our common stock is listed on The Nasdaq Global Select Market under the symbol “BRKS.”
		

		
			Transfer Agent and Registrar
		

		
			The transfer agent and registrar for our common stock is Computershare, Inc. 
		

		
			

		 

		

			 

		

		

			 

		

		

		
			Preferred Stock
		

		
			Under our restated certificate of incorporation, we have authority, subject to any limitations prescribed by law and without further stockholder approval, to issue from time to time up to 1,000,000 shares of preferred stock, $0.01 par value per share, in one or more classes or series. Our board of directors, without further approval of the stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights and terms, liquidation preferences, and any other rights, preferences, privileges and restrictions applicable to each class or series of the preferred stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes could, among other things, adversely affect the voting power or rights of the holders of our common stock and, under certain circumstances, make it more difficult for a third party to gain control of us, discourage bids for our common stock at a premium or otherwise adversely affect the market price of the common stock.
		

		
			Certain Effects of Authorized but Unissued Stock
		

		
			We have shares of common stock and preferred stock available for future issuance without stockholder approval. We may issue these additional shares for a variety of corporate purposes, including future public offerings to raise additional capital, facilitating corporate acquisitions or for paying a dividend on our capital stock. The existence of unissued and unreserved common stock and preferred stock may enable our board of directors to issue shares to persons friendly to current management or to issue preferred stock with terms that could render more difficult or discourage a third-party attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise, thereby protecting the continuity of our management. In addition, if we issue preferred stock, the issuance could adversely affect the voting power of holders of common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation.
		

		
			Delaware Law and Certificate of Incorporation and By-law Provisions
		

		
			Stockholder Action; Special Meeting of Stockholders. Our restated certificate of incorporation and amended and restated bylaws also provide that:
		

			
	
			
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			stockholder action may be taken only at a duly called and convened annual or special meeting of stockholders;

			
	
			
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			stockholder action may not be taken by written consent in lieu of a meeting; and

			
	
			
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			special meetings of stockholders may be called only by our president or by our board of directors.

		
			These provisions could delay, until the next stockholders’ meeting, actions which are favored by the holders of a majority of our outstanding voting securities. These provisions may also discourage another person or entity from making a tender offer for our common stock, because a person or entity, even if it acquired a majority of our outstanding voting securities, would be able to take action as a stockholder only at a duly called stockholders’ meeting, and not by written consent.
		

		
			Supermajority Votes Required. The Delaware General Corporation Law provides that the vote of a majority of the shares outstanding and entitled to vote on any matter is required to amend a corporation’s certificate of incorporation or by-laws, unless a corporation’s certificate of incorporation or by-laws, as the case may be, requires a greater percentage. Our restated certificate of incorporation provides that, except as otherwise provided in our amended and restated bylaws, any vote required by stockholders pursuant to the Delaware General Corporation Law, other than the election of directors, requires the vote of the holders of a majority of each class of stock outstanding and entitled to vote thereon, if recommended by a majority of the continuing directors (as defined in our restated certificate of incorporation) or, if not so recommended, eighty percent of each class of stock outstanding and entitled to vote thereon. In addition, our amended and restated bylaws provide that (a) any director or the entire board of directors may be removed, with or without cause, by the holders of a majority of the shares then entitled to vote at the election of directors, (b) stockholders may only change the number of our board of directors by vote of eighty percent of the shares of our voting stock outstanding and (c) in the case of an amendment to our amended and restated bylaws that reduces any voting requirement, such amendment shall require the vote that would have been required by such provision before such proposed amendment.
		

		
			

		 

		

			 

		

		

			 

		

		

		
			Business Combinations. Section 203 of the General Corporation Law of the State of Delaware is applicable to us. Section 203 restricts some types of transactions and business combinations between a corporation and a 15% stockholder. A 15% stockholder is generally considered by Section 203 to be a person owning 15% or more of the corporation’s outstanding voting stock. Section 203 refers to a 15% stockholder as an “interested stockholder.” Section 203 restricts these transactions for a period of three years from the date the stockholder acquires 15% or more of our outstanding voting stock. With some exceptions, unless the transaction is approved by our board of directors and the holders of at least two-thirds of our outstanding voting stock, Section 203 prohibits significant business transactions such as:
		

			
	
			
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			a merger with, disposition of significant assets to or receipt of disproportionate financial benefits by the interested stockholder, and

			
	
			
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			any other transaction that would increase the interested stockholder’s proportionate ownership of any class or series of our capital stock.

		
			The shares held by the interested stockholder are not counted as outstanding when calculating the two-thirds of the outstanding voting stock needed for approval.
		

		
			The prohibition against these transactions does not apply if:
		

			
	
			
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			prior to the time that any stockholder became an interested stockholder, our board of directors approved either the business combination or the transaction in which such stockholder acquired 15% or more of our outstanding voting stock, or

			
	
			
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			the interested stockholder owns at least 85% of our outstanding voting stock as a result of a transaction in which such stockholder acquired 15% or more of our outstanding voting stock. Shares held by persons who are both directors and officers or by some types of employee stock plans are not counted as outstanding when making this calculation.

		
			Indemnification. Our restated certificate of incorporation provides that no director of our company shall be personally liable for any monetary damages for any breach of fiduciary duty as a director, except for liability (i) for any breach of the director’s duty of loyalty to the company or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived an improper personal benefit. Our restated certificate of incorporation further provides for the indemnification of our directors and officers to the fullest extent permitted by Section 145 of the Delaware General Corporation Law.
		

		
			Our amended and restated bylaws provide that we may indemnify, and may advance expenses, to each covered person who is a party to, or was or is threatened to be made a party to, or is otherwise involved in any proceeding, as provided in our amended and restated bylaws and to the fullest extent permitted by applicable law.brks_Ex_10_03

		

			Exhibit 10.03

		

		

			 

		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			September 4, 2013
		

		
			 
		

		
			                                                                       
		

		
			Mr. Lindon G. Robertson
		

		
			3530 W. Galloway Drive
		

		
			Richfield, OH 44286
		

		
			 
		

		
			 
		

		
			Dear Lindon:
		

		
			I  am very happy to extend to you an offer to become part of Brooks and our executive team.    Our numerous discussions have only solidified my strong initial impressions that you are the person for this role.  I truly believe you will be a tremendous complement to the leadership team as we tackle the challenges and opportunities ahead of us.  I am fully confident your decision to join Brooks will result in a very rewarding personal and professional experience.
		

		
			On behalf of Brooks, I am pleased to provide you the terms of our offer to become Executive Vice President and Chief Financial Officer.  In this executive officer role, you will report to me and have responsibility for leading and managing Brooks’ global financial strategy, including establishing long range financial planning and policies while establishing positive relationships with our shareholders and the financial community.  This position is directly accountable for the controller, financial planning, accounting, treasury, tax and information technology functions.
		

		
			A summary of the terms are as follows:
		

		
			 
		

			
	
			
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			Your base salary will be set initially at $425,000 annually, and paid biweekly.  Subsequent salary reviews for executive positions are normally conducted annually and adjustments become effective in January.  Your base salary will first be reviewed after the completion of fiscal year 2014.

			
	
			
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			You are eligible to participate in the annual Performance Based Variable Compensation Plan for FY 2014 (Plan year beginning 10-01-13), with an annual target of 100% of base salary paid and an upside potential to 150% of annual target.  Payment of variable compensation is subject to meeting aggressive but achievable corporate and individual goals and objectives defined and agreed upon for 2014 and subsequent years.

			
	
			
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			You will be a participant in the Company’s Executive Equity Incentive Plan (EIP) for FY 2014 and, subject to final Board approval at its next scheduled meeting in November,  will receive an initial grant of restricted stock units (RSUs) with a value no less than $650,000.  This award will be in a mix of time-based and/or performance-based RSUs consistent with other senior executives.  You will be eligible for subsequent awards in future years. 

		
			In addition, subject to final Board approval, you will receive an equity grant of 60,000 time-based RSUs.  These RSUs will vest over a three year period in equal installments on each of the first three anniversaries of your hire date.
		

		
			Brooks’ equity grant documents provide for accelerated vesting of unvested equity grants if there is a qualifying termination within one year following a change in control of Brooks.  All terms relating to your equity awards will be governed exclusively by the Company’s Amended and Restated 2000 Equity Incentive Plan (or any subsequent equity plan) and related award agreements or notices.
		

		
			
		

		
			

		 

		

			 

		

		

			Mr. Lindon G. Robertson

		

		

			Page 2

		

		

			 

		

		

			
	
			
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			You will be eligible for our Company sponsored benefit plans.  Brooks currently pays a majority (approximately 70%) of the cost of medical, dental and vision insurance and 100% of the cost of life and disability insurance.  The Company also offers a 401(k) savings and retirement plan with a 4.5% company match, an Employee Stock Purchase Plan with a 15% discount, a non-qualified Deferred Compensation Plan and a Flexible Leave time off policy. Enclosed is a summary of these plans.

			
	
			
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			The following is the basis for salary continuation eligibility in the unlikely event we separate our employment relationship.

			
	
			
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			If you should voluntarily terminate employment in the future, Brooks will provide you with your pro-rata base salary up to your termination date.

			
	
			
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			If Brooks terminates your employment without “cause” (as defined in Brooks’ equity grant documents), you will be eligible for salary continuation payments at your then current base salary for a period of twelve months from your termination date.  In addition, you will continue to be covered under the Company’s medical, dental and vision plans at the same contribution level as current active employees while you are receiving salary continuation payments.  Any salary continuation or benefits will be conditioned upon your signing the Company’s customary Separation Agreement and Waiver of Claims.

			
	
			
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			If Brooks terminates your employment for cause, you will receive your pro-rata base salary up to your termination date.

			
	
			
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			For purposes of Section 409A of the Internal Revenue Code (“Section 409A”), each installment of salary continuation or other payment shall be deemed to be a “separate payment” (within the meaning of Section 409A), and each payment shall be deemed exempt from the definition of nonqualified deferred compensation to the fullest extent possible under the short-term deferral exception and the involuntary separation pay exception of the Section 409A regulations.

			
	
			
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			Brooks understands and supports the requirement for your family to remain in Ohio until your child graduates from high school in June, 2015.  Accordingly, from your start date at Brooks through June, 2015, Brooks will assist in your long distance commute as follows:

			
	
			
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			Provide a monthly allowance of $2,500 to defray the expense of local Chelmsford area housing.  We will assist you in your efforts to find suitable accommodations.

			
	
			
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			Reimburse you for coach airfare between greater Boston and Cleveland for up to nine round trips per quarter.  In turn, you agree to apply any frequent flier miles you accumulate to offset several of these trips.

			
	
			
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			Both of these items will be eligible for tax gross up.

			
	
			
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			Brooks will provide you with relocation benefits and professional support to transfer to the greater Boston, MA area within two years of your hire date.  These benefits will provide reimbursement or direct payment of eligible relocation expenses associated with your move up to $100,000 and we will be flexible in working with you to ease any financial and contingent issues that may arise.  

		
			 
		

		
			Eligible relocation expenses as required will include:
		

			
	
			
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			Actual cost of moving household goods

			
	
			
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			House hunting trip(s) prior to your move

			
	
			
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			Temporary living and storage expenses for up to 2 months for you and your family

			
	
			
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			Travel expenses associated with moving your family to the new residence

			
	
			
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			Assistance with the sale of your current home under the Company’s arrangement with its relocation vendor.  Assistance will include the reimbursement of a broker’s commission and eligible seller expenses and fees

		
			
		

		
			

		 

		

			

		

		

			Mr. Lindon G. Robertson

		

		

			Page 3

		

		

			 

		

		

			
	
			
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			Assistance with the rental or purchase of a new residence in the greater Boston, MA area to include eligible fees and expenses associated with the purchase at closing or rental acquisition

			
	
			
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			Miscellaneous expense allowance of $10,000 

			
	
			
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			Non-deductible expenses, except for the expense allowance, are eligible for gross-up of federal and state tax.

		
			 
		

		
			As part of our customary relocation policy, if you should voluntarily terminate employment with Brooks within one year of your hire date, 100% of relocation assistance payments must be reimbursed to the Company.  If you should voluntarily terminate employment during the second year following hire, 50% of relocation assistance benefits must be reimbursed to Brooks.
		

		
			You will be required to successfully complete the Company’s customary background check process.  This offer will remain open until September 6, 2013.    If accepted, you will also be required to execute our standard Employee Non-Solicitation and Proprietary Information Agreement and agree to the Company’s clawback terms.  Both forms are enclosed.
		

		
			Lindon, we are truly excited with the prospects of you joining Brooks and working with you to realize the full value of our Company. We believe we have assembled an outstanding team of people that will certainly benefit from your management. Your experience, intellect and skills will be critical in helping lead as we seek to grow Brooks for the benefit of its shareholders, customers, employees and you personally.
		

		
			We look forward to your acceptance and our mutually agreed start date.  Please sign and return one copy of this letter in the enclosed envelope provided or you may fax a copy of your acceptance to Bill Montone in Human Resources at 978-262-2508.  Thank you.
		

		
			Sincerely yours,
		

			
					
						 

					
					
						 

				
	
					
						/s/ Stephen S. Schwartz

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Stephen S. Schwartz

					
					
						 

				
	
					
						Chief Executive Officer

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						cc:

					
					
						William T. Montone, SVP Human Resources

					
					
						 

				
	
					
						`

					
					
						Lenny Vairo, Russell Reynolds Associates

					
					
						 

				
	
					
						 

					
					
						File

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Enclosures

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Acceptance

					
					
						/s/ Lindon G. Robertson

					
					
						9/5/2013

				
	
					
						 

					
					
						Signature

					
					
						Date

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						October 1, 2013

					
					
						 

				
	
					
						 

					
					
						Start Date

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			

		

		

			 

		

		

		
			BROOKS AUTOMATION, INC.
		

		
			Clawback Terms
		

		
			 
		

		
			The undersigned agrees that if the Brooks Automation, Inc. (the “Company”)  is required to prepare an accounting restatement due to material noncompliance of the Company, as a result of the undersigned’s misconduct or gross negligence, with any financial reporting requirement under the United States securities laws, including Section 304 of the Sarbanes-Oxley Act of 2002, then, in addition to any penalty prescribed by law, the undersigned shall forfeit or repay to the Company, as the case may be, all of the following: any annual performance incentive (or similar annual cash bonus or incentive) paid during the twelve (12) month period following the date of the first public issuance or filing with the SEC of the deficient financial document, any gain on the sale of Company securities during the same period, any shares received during that same period upon exercising or vesting in any equity-based award granted to the undersigned by the Company, and any unvested and/or unexercised equity-based incentive awards granted to the undersigned by the Company.
		

		
			 
		

		
			ACKNOWLEDGED AND AGREED:
		

		
			 
		

		
			 
		

		
			/s/ Lindon G. Robertson
		

		
			Lindon G. Robertson
		

		
			9/5/2013

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