NewAmsterdam Pharma Co N.V.
For the period ended Jun 4, 2025. Filed May 8, 2025.
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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.
Jun 4, 2025 · Filed May 8, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material Pursuant to § 240.14a-12 |
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(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. |
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| ☐ | Fee paid previously with preliminary materials. |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
To be Held on June 4, 2025
May 8, 2025
To the shareholders of NewAmsterdam Pharma Company N.V.:
We cordially invite you to the 2025 annual general meeting of shareholders (the “Annual General Meeting”), including at any adjournments or postponements thereof, of NewAmsterdam Pharma Company N.V. (“we,” “NewAmsterdam Pharma” or the “Company”), which will be held on June 4, 2025, at 5:00 p.m. Central European Summer Time (“CEST”) at the offices of NautaDutilh N.V., Beethovenstraat 400, 1082 PR Amsterdam, the Netherlands. The agenda for the Annual General Meeting is as follows:
| 1. | Opening |
| 2. | Discussion of the Dutch statutory board report for the fiscal year ended December 31, 2024 (discussion item) |
| 3. | Adoption of the Dutch statutory annual accounts for fiscal year ended December 31, 2024 (voting item) |
| 4. | Discharge from liability for the Company’s directors with respect to the performance of their duties during the fiscal year ended December 31, 2024 (voting item) |
| 5. | Instruction to Deloitte Accountants B.V. as the Company’s external auditor of the Company’s Dutch statutory annual accounts and Dutch statutory board report for the fiscal year ending December 31, 2025 (voting item) |
| 6. | Ratification of the selection of Deloitte Accountants B.V. as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2025 by the audit committee of the Company’s board of directors (the “Board of Directors”) (voting item) |
| 7. | Discussion of the Company’s dividend and reservation policy (discussion item) |
| 8. | Appointment of Wouter Joustra, Mark McKenna and Adele Gulfo as non-executive directors of the Company (voting items) |
| 9. | Reappointment of Michael Davidson, M.D. as executive director and Dr. James Topper as non-executive director of the Company (voting items) |
| 10. | Extension of authorization for the Board of Directors to acquire ordinary shares and depository receipts for ordinary shares in the Company’s capital (voting item) |
| 11. | Non-binding, advisory vote to approve the 2024 compensation of named executive officers (voting item) |
| 12. | Non-binding, advisory vote regarding frequency of future shareholders’ advisory votes on the compensation of named executive officers (voting item) |
| 13. | Closing |
The voting items included above are more fully described in the proxy statement accompanying this notice. The proxy statement accompanying this notice is being issued in connection with the solicitation by the Board of Directors of a proxy on the enclosed form of proxy card for use at the Annual General Meeting.
No business shall be conducted at the Annual General Meeting except for the items listed above. The voting items have been proposed to the Annual General Meeting by the Board of Directors.
The agenda with the explanatory notes thereto, our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the other meeting information are available as of the date hereof for inspection and can be obtained free of charge at the office address of the Company and at www.proxyvote.com. Our Dutch statutory board report and statutory annual accounts for the fiscal year ended December 31, 2024 will be available no later than May 20, 2025 on our website at https://www.newamsterdampharma.com/.
The record date under Dutch law (registratiedatum) for the Annual General Meeting is May 7, 2025 (the “Record Date”). Those who are shareholders of the Company, or who otherwise have voting rights and/or meeting rights with respect to shares in the Company’s capital as at close of business on the Record Date and who are recorded as such in the Company’s shareholders’ register or in the register maintained by the Company’s U.S. transfer agent (the “Registers”) may attend and, if relevant, vote at the Annual General Meeting (“Persons with Meeting Rights”), irrespective of changes to their shareholdings or rights after the Record Date.
Persons with Meeting Rights and shareholders who beneficially own shares in the Company’s capital in an account at a bank, broker, dealer or other financial institution (the “Beneficial Owners”) on the Record Date who wish to attend the Annual General Meeting, in person or represented by proxy, must notify the Company in writing of their identity and intention to attend the Annual General Meeting (an “Attendance Notice”) no later than 11:59 p.m. Eastern Time on June 2, 2025 (5:59 a.m. CEST on June 3, 2025) (the “Cut-off Time”). Beneficial Owners must enclose with their Attendance Notice (i) proof of their beneficial ownership of the relevant underlying shares in the Company’s capital, such as a recent account statement, and (ii) a signed proxy authorizing them to act from the relevant shareholder who is registered in either of the Registers as the holder of those underlying shares on the Record Date. Persons with Meeting Rights and Beneficial Owners who have duly provided a valid Attendance Notice to the Company may have themselves represented at the Annual General Meeting through the use of a written or electronically recorded proxy. Proxyholders must submit a signed proxy no later than the Cut-off Time and present a copy of their proxy upon entry to the Annual General Meeting.
Any Attendance Notice, proof of beneficial ownership or signed proxy to be sent to the Company as part of the procedures described above must be provided via regular mail or e-mail to:
Any Attendance Notice, proof of beneficial ownership or signed proxy received after the Cut-off Time may not be accepted. Persons with Meeting Rights, Beneficial Owners and proxyholders who have not complied with the procedures described above may be refused entry to the Annual General Meeting.
If you are a Beneficial Owner with Ordinary Shares held in street name, you will receive instructions on how to vote from your bank, broker, dealer or other financial institution. You must follow their instructions in order for your shares to be voted. Telephone and Internet voting also may be offered to shareholders owning Ordinary Shares through certain financial institutions. If your Ordinary Shares are held in street name and you would like to vote your shares in person at the Annual General Meeting, you should contact your bank, broker, dealer or other financial institution to obtain a legal proxy and deliver a valid Attendance Notice.
It is important that your shares be represented at the Annual General Meeting regardless of whether you plan to attend in person. If you do not expect to attend the Annual General Meeting in person, proxies may be submitted up until the Cut-off Time via a toll-free telephone number (call 1-800-690-6903) or over the Internet (visitwww.proxyvote.com), as described in further detail in the enclosed materials, or by signing, dating and mailing the proxy card in the enclosed return envelope. Telephone and Internet voting facilities will be available 24 hours a day and will close at the Cut-off Time.
Voting your shares or submitting your proxy, as applicable, will be important for the presence of a quorum at the Annual General Meeting and will save us the expense of further solicitation. Submitting a proxy will not prevent you from voting your shares at the Annual General Meeting if you desire to do so, as your proxy is revocable at your option. Your vote is important regardless of the number of shares in the Company’s capital that you own. If you do not plan to attend the Annual General Meeting and if you are a Person with Meeting Rights, please submit your proxy instructions via the Internet, telephone or by mail, or, if you are a Beneficial Owner, please submit the voting instruction form you receive from your broker or nominee as soon as possible so your shares can be voted at the Annual General Meeting. If you attend the Annual General Meeting, you may withdraw your proxy and vote your shares personally.
By Order of the Board of Directors,
/s/ Michael Davidson
Michael Davidson, M.D.
Chief Executive Officer
May 8, 2025
| QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING | 1 |
|---|---|
| PROPOSALS | 8 |
| Proposal 1 Adoption of Dutch Statutory Annual Accounts for the Fiscal Year Ended December 31, 2024 | 8 |
| Proposal 2 Discharge from Liability for the Company’s Directors with respect to the performance of their duties during the fiscal year ended December 31, 2024 | 9 |
| Proposal 3 Instruction to Deloitte Accountants B.V. as the external auditor of our Dutch statutory annual accounts and Dutch statutory annual report for the fiscal year ending December 31, 2025 | 10 |
| Proposal 4 Ratifying the selection of Deloitte Accountants B.V. as the independent registered public accounting firm of the Company | 11 |
| Proposal 5 Appointment of Wouter Joustra, Mark McKenna and Adele Gulfo as Non-Executive Directors of the Company | 13 |
| Proposal 6 Reappointment of Michael Davidson, M.D. as Executive Director and Dr. James Topper as Non-Executive Director of the Company | 14 |
| Proposal 7 Extension of Authorization for the Board of Directors to Acquire Ordinary Shares and Depository Receipts for Ordinary Shares in the Company’s Capital | 15 |
| Proposal 8 Non-Binding, Advisory Vote to Approve the 2024 Compensation of Named Executive Officers | 16 |
| Proposal 9 Non-Binding, Advisory Vote Regarding Frequency of Shareholders’ Future Advisory Votes on the Compensation of Named Executive Officers | 17 |
| SHAREHOLDER PROPOSALS FOR THE 2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS | 18 |
| CURRENT DIRECTORS, DIRECTOR NOMINEES AND EXECUTIVE OFFICERS | 19 |
| The Board of Directors | 19 |
| Our Executive Officers | 23 |
| Family Relationships | 24 |
| EXECUTIVE COMPENSATION | 25 |
| Compensation Discussion and Analysis | 25 |
| Report of the Compensation Committee on Executive Compensation | 36 |
| Summary Compensation Table | 36 |
| Grants of Plan Based Awards | 37 |
| Outstanding Equity Awards at Fiscal Year-End Table | 38 |
| Option Exercise and Stock Vested Table | 38 |
| Employment Agreements and Change of Control Agreements | 38 |
| Equity Incentive Plans | 42 |
| Limitation of Liability and Indemnification | 43 |
| Pay Versus Performance | 45 |
| Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information | 49 |
| DIRECTOR COMPENSATION | 50 |
| Director Compensation Table | 50 |
| CORPORATE GOVERNANCE | 52 |
| Board Structure | 52 |
| Independence of the Board of Directors | 52 |
| Director Attendance at Board and Shareholder Meetings | 53 |
| Board of Directors Committees | 53 |
| Director Nomination Process | 55 |
| Risk Management and Oversight | 55 |
| Shareholder Dialogue with the Company | 56 |
| Code of Business Conduct and Ethics | 57 |
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| Corporate Governance Documents | 57 |
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| Compensation Committee Interlocks and Insider Participation | 57 |
| Report of the Audit Committee | 57 |
| SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS | 59 |
| CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS | 60 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 62 |
| HOUSEHOLDING OF PROXY MATERIALS | 67 |
| OTHER MATTERS | 68 |
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1411 DC Naarden,
PROXY STATEMENT
FOR THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
To Be Held On June 4, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.