SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 20, 2007
Achillion Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-33095 | 52-2113479 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 300 George Street New Haven, CT |
06511 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (203) 624-7000
N/A
(Former name or former address, if changed since last report)
Check the appropriate box if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). |
| ¨ | Pre-commencement communications pursuant to Rule 14a-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(b) On August 20, 2007, Christopher A. White voluntarily resigned from the Board of Directors of Achillion Pharmaceuticals, Inc. (the “Company”).
(d) On August 20, 2007, the Board of Directors of the Company elected David P. Wright as a director to fill the vacancy created upon Mr. White’s resignation. Mr. Wright was appointed to the Audit Committee, was designated as a Class II member of the Board of Directors and was elected to serve until the Company’s 2008 Annual Meeting of Stockholders or until his successor is duly elected and qualified. There are no arrangements or understandings between Mr. Wright and any other person pursuant to which Mr. Wright was elected as a director and there are no transactions in which Mr. Wright has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Upon his election, and in accordance with the Company’s standard director compensation policy, the Board of Directors granted Mr. Wright an option to purchase 15,000 shares of the Company’s common stock, pursuant to the Company’s 2006 Stock Incentive Plan. The stock options granted to Mr. Wright are immediately vested and exercisable and have an exercise price equal to the closing price of the Company’s common stock reported on the NASDAQ Global Market on August 20, 2007. In addition, Mr. Wright will receive a pro-rated portion of the $20,000 annual cash retainer, payable in quarterly installments, and fees for attending board and committee meetings, each in accordance with our standard director compensation policy.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ACHILLION PHARMACEUTICALS, INC. | ||||
| Date: August 22, 2007 | By: | /s/ Mary Kay Fenton | ||
| Mary Kay Fenton | ||||
| Chief Financial Officer | ||||