VOLITIONRX LTD
For the period ended Apr 24, 2025. Filed Apr 29, 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.
Apr 24, 2025 · Filed Apr 29, 2025
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DEF 14A 1 vnrx_def14a.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:
| ☐ | 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 § 240.14a-12 |
VOLITIONRX LIMITED
(Name of Registrant as Specified In Its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☐ | No fee required. |
|---|---|
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| ☐ | Fee paid previously with preliminary materials. |
VOLITIONRX LIMITED
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To Be Held on Wednesday, June 18, 2025
To Our Stockholders:
Notice is hereby given that the 2025 Annual Meeting of Stockholders, or the Annual Meeting, of VolitionRx Limited, which we refer to as VolitionRx, the Company, we or us, will be held at 93-95 Gloucester Place, London, W1U 6JQ, United Kingdom, at 3:30 p.m. British Summer Time on Wednesday, June 18, 2025, for the following purposes:
| 1. | Election of Directors. To elect eight directors to serve until the next annual meeting of stockholders, and until each such director’s successor is duly elected and qualified, or until his or her earlier death, resignation or removal; |
| 2. | Ratification of Selection of Independent Registered Public Accounting Firm. To ratify the selection of Sadler, Gibb & Associates, LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2025; |
| 3. | Non-Binding Advisory Vote to Approve Named Executive Officer Compensation. To approve, by a non-binding advisory vote, the compensation of the Company’s named executive officers, as disclosed in the Compensation of Named Executive Officers section of this Proxy Statement; |
| 4. | Approval of Second Amendment to Restated Certificate to Increase Authorized Shares. To approve a second amendment to our Second Amended and Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of our common stock, $0.001 par value per share, from 175,000,000 to 325,000,000; and |
| 5. | Other Business. To consider and act upon such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. |
The Company’s board of directors unanimously recommends that you vote “FOR” the election of each of the director nominees named in Proposal 1, and “FOR” Proposals 2, 3, and 4.
The Company’s board of directors has fixed the close of business on April 25, 2025, as the Record Date for the determination of stockholders that are entitled to notice of and to vote at the Annual Meeting and any adjournment or postponement thereof. Only stockholders of record, and holders of shares in street name as represented by a bank or broker statement certifying the number of shares in their possession, as of the close of business on the Record Date are entitled to notice of and to vote at the Annual Meeting and any adjournment or postponement thereof.
Your vote is very important. Whether or not you plan to attend the Annual Meeting, we encourage you to read the Proxy Statement and submit your proxy and voting instructions as soon as possible. For specific instructions on how to vote your shares, please refer to the instructions on the Notice of Internet Availability of Proxy Materials you received in the mail, the section entitledHow to Vote in the Proxy Statement or, if you requested to receive printed proxy materials, your enclosed proxy card.
By order of the Board of Directors
/s/ Cameron Reynolds
Cameron Reynolds President, Chief Executive Officer and Director
Approximate Date of Mailing of Notice of
Internet Availability of Proxy Materials:
May 5, 2025** **
ii
TABLE OF CONTENTS
| GENERAL INFORMATION | 1 |
|---|---|
| ABOUT THE MEETING | 1 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | 2 |
| VOTING INFORMATION | 3 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 6 |
| DIRECTORS AND EXECUTIVE OFFICERS | 8 |
| CORPORATE GOVERNANCE OF THE COMPANY | 12 |
| Corporate Governance Practices and Policies | 12 |
| Director Independence | 12 |
| Board Composition and Attributes | 12 |
| Term of Office for Directors and Officers | 13 |
| Family Relationships | 13 |
| Certain Arrangements and Understandings | 13 |
| Involvement in Certain Legal Proceedings | 13 |
| Board and Committee Meetings; Annual Meeting Attendance | 14 |
| Committees of the Board of Directors | 14 |
| Nominating Procedures | 16 |
| Board Leadership Structure and Role in Risk Oversight | 16 |
| Communications with the Board of Directors | 17 |
| Stockholder Engagement | 17 |
| Code of Ethics | 18 |
| Employee, Director and Officer Hedging | 19 |
| Insider Trading Policies and Procedures | 19 |
| Clawback and Forfeiture Policy | 19 |
| Policies and Practices Related to the Grant of Certain Equity Awards | 19 |
| Transactions with Related Persons | 19 |
| Policy on the Review, Approval or Ratification of Transactions with Related Persons | 20 |
| REPORT OF THE AUDIT COMMITTEE | 21 |
| COMPENSATION OF NAMED EXECUTIVE OFFICERS | 22 |
| Summary Compensation Table | 22 |
| Employment and Consulting Agreements | 24 |
| Role of Executive Officers with Compensation Decisions | 25 |
| Compensation Consultant | 25 |
| Outstanding Equity Awards Tables | 25 |
| Long-Term Incentive Plans | 28 |
| Severance and Change-of-Control Benefits | 28 |
| Equity Compensation Plan Information | 29 |
| Pay Versus Performance | 30 |
| PROPOSAL 1 — ELECTION OF DIRECTORS | 33 |
| PROPOSAL 2 — RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 41 |
| PROPOSAL 3 — NON-BINDING ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | 43 |
| PROPOSAL 4 — APPROVAL OF SECOND AMENDMENT TO RESTATED CERTIFICATE TO INCREASE AUTHORIZED SHARES | 45 |
| INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON | 47 |
| DELIVERY OF DOCUMENTS TO STOCKHOLDERS SHARING AN ADDRESS | 47 |
| DEADLINE FOR RECEIPT OF STOCKHOLDER PROPOSALS FOR THE NEXT ANNUAL MEETING | 47 |
| WHERE YOU CAN GET ADDITIONAL INFORMATION | 47 |
| DELINQUENT SECTION 16(a) REPORTS | 47 |
| OTHER MATTERS | 48 |
| APPENDIX A FORM OF CERTIFICATE OF SECOND AMENDMENT OF THE SECOND AMENDED AND RESTATED CERTIFICATE OF INCORPORATION | A-1 |
iii
Table of Contents
VOLITIONRX LIMITED
1489 West Warm Springs Road, Suite 110
Henderson, Nevada 89014
Telephone: +1 (646) 650-1351
PROXY STATEMENT
FOR THE ANNUAL MEETING OF STOCKHOLDERS
To Be Held on Wednesday, June 18, 2025 at
93-95 Gloucester Place, London, W1U 6JQ, United Kingdom
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.