Skip to main content

CURIS INC

For the period ended May 20, 2025. Filed Apr 10, 2025.

View on SEC.gov

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 20, 2025 · Filed Apr 10, 2025

CRIS$0.91+6.6%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities

Exchange Act of 1934 (Amendment No. )

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐Preliminary Proxy Statement
☐Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒Definitive Proxy Statement
☐Definitive Additional Materials
☐Soliciting Material under Rule 14a-12

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD MAY 20, 2025

NOTICE IS HEREBY GIVEN that the annual meeting of stockholders of Curis, Inc. will be held exclusively online via the Internet as a virtual web conference at www.virtualshareholdermeeting.com/CRIS2025 on May 20, 2025 at 10:00 a.m. Eastern Time for the purpose of considering and voting upon the following matters:

  1. To elect two Class II directors for a term of three years;

  2. To approve an advisory vote on executive compensation;

  3. To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025;

  4. To approve Amendment No. 1 to the Fifth Amended and Restated 2010 Stock Incentive Plan to reserve up to an additional 1,255,000 shares of common stock for issuance under the plan;

  5. To adopt and approve an amendment to our Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of our capital stock from 39,171,875 to 73,343,750 and the number of authorized shares of our common stock from 34,171,875 to 68,343,750;

  6. To approve, in accordance with Nasdaq Listing Rule 5635(d), the issuance of up to 8,316,882 shares of our common stock upon the exercise of certain warrants issued on March 31, 2025 in a private placement; and

  7. To transact any other business that may properly come before the meeting or any adjournment thereof.

The board of directors has fixed the close of business on March 24, 2025 as the record date for the determination of stockholders entitled to notice of and to vote at the meeting and at any adjournments thereof. This year’s annual meeting will be conducted as a virtual meeting of stockholders, which will be held exclusively online via the Internet as a virtual web conference. You will be able to attend the annual meeting online, vote your shares online during the annual meeting and submit your questions online during the annual meeting by visiting www.virtualshareholdermeeting.com/CRIS2025. There will not be a physical meeting location and you will not be able to attend the annual meeting in person. Your vote is very important to us. Whether or not you plan to attend the annual meeting online, it is important for your shares to be represented and voted.

Instead of mailing a printed copy of our proxy materials to all of our stockholders, we provide access to these materials to many of our stockholders via the Internet, in accordance with rules adopted by the Securities and Exchange Commission. If you received only a Notice of Internet Availability of Proxy Materials, or Notice, by mail or e-mail, you will not receive a paper copy of the proxy materials unless you request one. Instead, the Notice will provide you with instructions on how to access and view the proxy materials on the Internet. The Notice will also instruct you as to how you may access your proxy card to vote over the Internet or by telephone. If you received a Notice by mail or e-mail and would like to receive a paper copy of our proxy materials, free of charge, please follow the instructions included in the Notice.

The Notice is being mailed to our stockholders on or about April 10, 2025 and sent by e-mail to our stockholders who have opted for such means of delivery on or about April 10, 2025.

Please promptly submit your proxy over the Internet, by phone or by mail. You may revoke your proxy at any time before the annual meeting by following the procedures described in the proxy statement. Further information about how to attend the annual meeting online, vote your shares online during the annual meeting and submit your questions online during the annual meeting is included in the accompanying proxy statement.

All stockholders are cordially invited to attend the annual meeting.

By Order of the Board of Directors,

James E. Dentzer

President and Chief Executive Officer

Lexington, Massachusetts

April 10, 2025

WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING ONLINE, WE URGE YOU TO SUBMIT YOUR PROXY TO VOTE YOUR SHARES BY SUBMITTING YOUR PROXY OVER THE INTERNET, OR BY TELEPHONE, OR BY COMPLETING, DATING, SIGNING, AND RETURNING THE ENCLOSED PROXY CARD IN THE ACCOMPANYING ENVELOPE. NO POSTAGE NEED BE AFFIXED IF THE PROXY CARD IS MAILED IN THE UNITED STATES.

TABLE OF CONTENTS

INFORMATION ABOUT THE ANNUAL MEETING AND VOTING1
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT8
PROPOSAL 1 — ELECTION OF DIRECTORS11
Directors and Nominees for Director11
Board Recommendation14
CORPORATE GOVERNANCE14
Corporate Governance Guidelines14
Our Environmental, Social, and Governance Commitment14
Human Capital15
Determination of Independence15
Board Meetings and Attendance16
Board Leadership Structure16
Board’s Role in Risk Oversight17
Board Committees17
Executive Officer and Director Compensation Processes19
Risks Arising from Compensation Policies and Practices19
Director Nomination Process20
Communicating with the Board of Directors20
Code of Business Conduct and Ethics20
Insider Trading Policy21
Policies and Procedures for Related Person Transactions21
Audit Committee Report23
Independent Registered Public Accounting Firm’s Fees and Other Matters24
EXECUTIVE AND DIRECTOR COMPENSATION25
Executive Compensation25
Summary Compensation Table25
Outstanding Equity Awards at Fiscal Year-End30
Stock Ownership Guidelines31
Hedging Policy31
Tax and Accounting Considerations31
Employment Agreements31
Indemnification of Executive Officers32
Potential Payments Upon Termination or Change in Control33
Pay Versus Performance34
Director Compensation36
Indemnification of Directors38
Securities Authorized for Issuance Under Equity Compensation Plans38
Compensation Committee Interlocks and Insider Participation39
PROPOSAL 2 — ADVISORY VOTE ON EXECUTIVE COMPENSATION39
Board Recommendation40
PROPOSAL 3 — RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM40
Board Recommendation40
PROPOSAL 4 — APPROVAL OF AMENDMENT NO. 1 TO THE FIFTH AMENDED AND RESTATED 2010 STOCK INCENTIVE PLAN40
Why We Are Requesting Stockholder Approval40
Highlights of the Fifth Amended and Restated 2010 Plan, as amended by Amendment No. 142
Reasons Why Stockholders Should Approve Amendment No. 143
2025 Contingent Option Awards44
Information Regarding Overhang and Dilution45
Summary of the Fifth Amended and Restated 2010 Plan, as amended by Amendment No. 147
Federal Income Tax Consequences57
Board Recommendation58
PROPOSAL 5 — ADOPTION AND APPROVAL OF AN AMENDMENT TO OUR RESTATED CERTIFICATE OF INCORPORATION, AS AMENDED, TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF OUR COMMON STOCK59
Reasons for the Proposed Amendment59
Possible Effects of the Proposed Amendment60
Board Recommendation61
PROPOSAL 6 — APPROVAL, IN ACCORDANCE WITH NASDAQ LISTING RULE 5635(d), OF THE ISSUANCE OF UP TO 8,316,882 SHARES OF OUR COMMON STOCK UPON THE EXERCISE OF CERTAIN WARRANTS ISSUED ON MARCH 31, 2025 IN A PRIVATE PLACEMENT61
Stockholder Approval Requirement61
Description of the Warrants62
Potential Consequences if the Warrant Exercise Proposal is Not Approved63
Potential Adverse Effects of the Approval of the Warrant Exercise Proposal63
Board Recommendation64
OTHER MATTERS64
Stockholder Proposals for 2026 Annual Meeting64
Solicitation of Proxies64
Householding of Annual Meeting Materials64
APPENDICES
Appendix A - Fifth Amended and Restated 2010 Stock Incentive Plan and Amendment No. 1A-1
Appendix B - Certificate of Amendment of Restated Certificate of Incorporation to Increase the Number of Authorized Shares of Our Common StockB-1
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.