Savara Inc

DEF 14A 1 d785934ddef14a.htm DEF 14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

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:

(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):

Dear Fellow Stockholder,

On behalf of the Board of Directors, it is my pleasure to invite you to attend the Savara Inc. 2024 Annual Meeting of Stockholders, to be held on June 6, 2024 at 3:00 p.m. Eastern Time via live webcast atwww.virtualshareholdermeeting.com/SVRA2024. The attached Notice of Annual Meeting and Proxy Statement contain important information about the meeting and matters for your consideration. Your vote is important, and regardless of whether you plan to attend the meeting, I encourage you to review the material carefully and submit your proxy.

Over the past year, we made strong progress with the pivotal Phase 3 IMPALA-2 trial in autoimmune pulmonary alveolar proteinosis (aPAP) and the molgramostim development program. We over-enrolled IMPALA-2 on-time during the COVID-19 pandemic, introduced aPAP ClearPath TM, a simple, accurate, no-cost, lab-developed autoantibody blood test that provides a definitive aPAP diagnosis, and launched a disease state awareness campaign that educates U.S. pulmonologists about the hallmark signs and symptoms of the disease and need for earlier testing. We also strengthened our management team with key hires in Global Technical Operations, Medical Affairs, Clinical Development, and Quality Assurance. Additionally, Savara was added to the Russell 3000® and Nasdaq Biotechnology Indices. Finally, we completed an $80M equity financing and, under the current operating plan, believe we are sufficiently capitalized into 2026.

We look forward to reporting top line results from the IMPALA-2 trial, which we anticipate at the end of 2Q 2024. The Savara team is working hard to bring molgramostim nebulizer solution, our investigational therapy, to market to address the significant unmet need in aPAP. Our work has always been, and will continue to be, fueled by creating long-term value for our stockholders and our desire to dramatically improve the standard of care for people living with this rare and debilitating lung disease.

Thank you for your continued support.

Sincerely,

/s/ Matthew Pauls

Matthew Pauls

Chair of the Board of Directors & Chief Executive Officer

One Summit Square

1717 Langhorne Newtown Rd.

Suite 300

Langhorne, PA 19047

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

To Be Held on June 6, 2024

The 2024 Annual Meeting of Stockholders of Savara Inc. (the “Annual Meeting”) will be held virtually via live webcast atwww.virtualshareholdermeeting.com/SVRA2024 on June 6, 2024 at 3:00 p.m. Eastern Time. The meeting is being held for the following purposes, as more fully described in the proxy statement accompanying this notice:

1. To elect six directors to hold office until the next annual meeting of stockholders and until their respective successors are elected and qualified or until their earlier resignation or removal;

2. To approve the Savara Inc. 2024 Omnibus Incentive Plan;

3. To approve an amendment to our Amended and Restated Certificate of Incorporation to allow for exculpation of officers as permitted by Delaware law;

4. To ratify the appointment of RSM US LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024;

5. To approve, on an advisory basis, the compensation of our named executives; and

6. To transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.

Only stockholders of record at the close of business on April 8, 2024 will be entitled to notice of, and to vote at, the Annual Meeting and any adjournment or postponement thereof. A list of stockholders entitled to vote at the Annual Meeting will be available for inspection by any stockholder for any purpose relating to the meeting during ordinary business hours at our corporate offices located at One Summit Square, 1717 Langhorne Newtown Rd., Suite 300, Langhorne, PA 19047 for ten days prior to the Annual Meeting, and will also be available for inspection at the Annual Meeting.

***Your vote is important.***Whether or not you plan to attend the Annual Meeting, and no matter how many shares you own, please vote as promptly as possible. This will help to ensure the presence of a quorum at the Annual Meeting and save us additional proxy solicitation costs.

All stockholders are cordially invited to attend the Annual Meeting.

By Order of the Board of Directors,

/s/ Matthew Pauls

Matthew Pauls

Chair of the Board of Directors & Chief Executive Officer

Langhorne, PA

Important Notice Regarding the Availability of Proxy Materials for the Stockholders’ Meeting To Be Held on June****** 6, 2024.**This notice of Annual Meeting, the proxy statement for the Annual Meeting and our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are available at www.proxyvote.com.