|
|
|
|
||
Re: The Definitive Proxy Statement should be filed any day nowLol JN, you may be in luck --- last year's notice "The Board has fixed the close of business on April 8, 2015 as the record date for the determination of stockholders entitled to notice of, and to vote at, the Annual Meeting..." It is always interesting to see how the Compensation Committee determined the goals met as to rationale for the bonus awards. Also, May will be the last month CG consults with the company. I believe his employement agreement ends June 1, 2016 and in July, 2016 their thing with Midcap transitions from interest only to interest/principal. Reminder of their Midcap deal - partial snippet from 8K "On June 26, 2015 Sarepta Therapeutics, Inc. (the “Company”) entered into a credit and security agreement with Midcap Financial, a Delaware statutory trust, as administrative agent, (the “Credit Agreement”) that provides senior secured term loan of $20.0 million (which may be increased by an additional $20.0 million term loan, for an aggregate amount not to exceed $40.0 million, upon the acceptance by the FDA of the New Drug Application for Eteplirsen). Interest Rate and Fees. Borrowings under the Credit Agreement bear interest at a rate per annum equal to 7.75%, with only interest payments due through June 30, 2016. In addition to paying interest on outstanding principal under the Credit Agreement, the Company will pay an origination fee equal to .50% of the amount of the term loan when advanced under the Credit Agreement, and a final payment fee equal to 2.00% of the amount borrowed under the Credit Agreement when the term loan is fully repaid. Amortization and Final Maturity. Commencing on July 1, 2016 and continuing for the remaining twenty four months of the facility, the Company will be required to make monthly principal payments based on the straight-line amortization schedule set forth in the Credit Agreement, subject to certain adjustments as described therein. " " |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
11786 | Re: The Definitive Proxy Statement should be filed any day now | johnnynumbers | 0 | 4/28/2016 9:46:54 PM |