UNITED STATES

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

 

Myovant Sciences Ltd.

(Exact name of registrant as specified in its charter)

 

001-37929

(Commission File No.)

 

Registrant’s telephone number, including area code: +44 207 400 3351

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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As previously announced, Ms. Kathleen Sebelius did not stand for re-election at the 2021 Annual General Shareholder Meeting of Myovant Sciences Ltd. (the “Company”). By action taken by the Board on November 4, 2021, effective on November 5, 2021, Dr. Nancy Valente M.D. was appointed by the Board as a director to fill the vacancy resulting from Ms. Sebelius’s departure from the Board. Dr. Valente will also become a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Board.

 

Dr. Valente, 63, has over 20 years of experience leading global development programs involving novel first-in-class molecules. Her most recent role, from 2019 to June 2021, was Senior Vice President and Co-lead for Global Product Development, Oncology, Hematology Development Therapeutic Area of Roche, a pharmaceutical company, where she was responsible for strategic planning, clinical development, collaboration activities and budget management in the areas of product development oncology and hematology. Before that, from 2003 to 2009, Dr. Valente held various positions with increasing responsibilities at Genentech, Inc. and then at Roche from 2009 to 2019 after Genentech was acquired by Roche. Prior to that, Dr. Valente served as the Vice President, Clinical Development at Anosys, Inc., a biopharmaceutical company, from 2001 to 2003. Prior to that, from 1998 to 2001, Dr. Valente served on various positions at Coulter Pharmaceutical, Inc. a biopharmaceutical company, where her last role was Director of Clinical Research. Dr. Valente held an academic faculty position at the University of California, San Francisco, specializing in breast cancer, from 1996 to 1998, and served as Assistant Adjunct Clinical Professor of Medicine at the Division of Hematology/Oncology, Breast Care Center at the University of California, San Francisco, from 1998 to 2001 and from 2003 to 2004. Dr. Valente earned a B.S. and an M.D. from the University of Missouri. In addition, Dr. Valente completed her internal medicine residency at Oregon Health & Sciences University in Portland and an Oncology fellowship from the University of California, San Francisco, and a Hematology fellowship from Stanford University.

 

As a non-executive director, Dr. Valente will be entitled to receive the standard cash and equity compensation for non- executive directors described under the caption “Director Compensation” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on July 28, 2021. In addition, the Company will reimburse her for reasonable expenses incurred in serving as a director.

 

Dr. Valente will enter into an indemnification agreement with the Company on the same terms as the indemnification agreement applicable to the Company’s directors, a copy of which is filed as Exhibit 10.8 to the Company’s registration statement on Form S-1 filed on September 30, 2016.

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

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