As filed with the Securities and Exchange Commission on February 24, 2022
Registration No. 333-_____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
Editas Medicine, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware |
| 46-4097528 |
(State or Other Jurisdiction of Incorporation |
| (I.R.S. Employer |
|
|
|
11 Hurley Street |
| 02141 |
(Address of Principal Executive Offices) |
| (Zip Code) |
2015 Stock Incentive Plan
2015 Employee Stock Purchase Plan
Inducement Stock Option Awards (June 2021)
Inducement Restricted Stock Unit Awards (June 2021)
(Full Title of the Plans)
James C. Mullen
President and Chief Executive Officer
Editas Medicine, Inc.
11 Hurley Street
Cambridge, Massachusetts 02141
(Name and Address of Agent For Service)
(617) 401-9000
(Telephone Number, Including Area Code, of Agent For Service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ⌧ |
| Accelerated filer | ◻ |
| | | | |
Non-accelerated filer | ◻ | | Smaller reporting company | ◻ |
| | | | |
| | | 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 7(a)(2)(B) of the Securities Act. ◻
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.Plan Information.
The information required by Item 1 is included in documents sent or given to the participant in the plan covered by this registration statement pursuant to Rule 428(b)(1) of the Securities Act of 1933, as amended (the “Securities Act”).
Item 2.Registrant Information and Employee Plan Annual Information.
The written statement required by Item 2 is included in documents sent or given to the participants in the plan covered by this registration statement pursuant to Rule 428(b)(1) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.Incorporation of Documents by Reference.
The registrant is subject to the informational and reporting requirements of Sections 13(a), 14, and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and in accordance therewith files reports, proxy statements and other information with the Securities and Exchange Commission (the “Commission”). The following documents, which are on file with the Commission, are incorporated in this registration statement by reference:
This Registration Statement on Form S-8, relating to the 2015 Stock Incentive Plan and the 2015 Employee Stock Purchase Plan (collectively, the “Plans”) of Editas Medicine, Inc. (the “Registrant”), is being filed for the purpose of registering additional securities of the same class as other securities for which a Registration Statement on Form S-8 relating to the Plans has previously been filed and is effective. Pursuant to General Instruction E to Form S-8, except as otherwise set forth below, this Registration Statement on Form S-8 incorporates by reference the contents of the following Registration Statements on Form S-8 previously filed by the registrant with the Securities and Exchange Commission:
All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Item 4.Description of Securities.
Not applicable.
Item 5.Interests of Named Experts and Counsel.
Wilmer Cutler Pickering Hale & Dorr LLP has opined as to the legality of the securities being offered by this registration statement.
Item 6.Indemnification of Directors and Officers.
Section 102 of the General Corporation Law of the State of Delaware (the “DGCL”) permits a corporation to eliminate the personal liability of directors of a corporation to the corporation or its stockholders for monetary damages for a breach of fiduciary duty as a director, except where the director breached his or her duty of loyalty, failed to act in good faith, engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved a stock repurchase in violation of Delaware corporate law or obtained an improper personal benefit. The registrant’s certificate of incorporation provides that no director of the registrant shall be personally liable to it or its stockholders for monetary damages for any breach of fiduciary duty as a director, notwithstanding any provision of law imposing such liability, except to the extent that the DGCL prohibits the elimination or limitation of liability of directors for breaches of fiduciary duty.
Section 145 of the DGCL provides that a corporation has the power to indemnify a director, officer, employee, or agent of the corporation and certain other persons serving at the request of the corporation in related capacities against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlements actually and reasonably incurred by the person in connection with an action, suit or proceeding to which he or she is or is threatened to be made a party by reason of such position, if such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, in any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful, except that, in the case of actions brought by or in the right of the corporation, no indemnification shall be made with respect to any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.
The registrant’s certificate of incorporation provides that it will indemnify each person who was or is a party or threatened to be made a party or is involved in to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the registrant) by reason of the fact that he or she is or was, or
has agreed to become, a director or officer, or is or was serving, or has agreed to serve, at the registrant’s request as a director, officer, partner, employee or trustee of, or in a similar capacity with, another corporation, partnership, joint venture, trust or other enterprise (all such persons being referred to as an “Indemnitee”), or by reason of any action alleged to have been taken or omitted in such capacity, against all expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with such action, suit or proceeding and any appeal therefrom, if such Indemnitee acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the registrant’s best interests, and, with respect to any criminal action or proceeding, he or she had no reasonable cause to believe his or her conduct was unlawful.
The registrant’s certificate of incorporation also provides that it will indemnify any Indemnitee who was or is a party to an action or suit by or in the right of the registrant to procure a judgment in the registrant’s favor by reason of the fact that the Indemnitee is or was, or has agreed to become, a director or officer, or is or was serving, or has agreed to serve, at the registrant’s request as a director, officer, partner, employee or trustee of, or in a similar capacity with, another corporation, partnership, joint venture, trust or other enterprise, or by reason of any action alleged to have been taken or omitted in such capacity, against all expenses (including attorneys’ fees) and, to the extent permitted by law, amounts paid in settlement actually and reasonably incurred in connection with such action, suit or proceeding, and any appeal therefrom, if the Indemnitee acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the registrant’s best interests, except that no indemnification shall be made with respect to any claim, issue or matter as to which such person shall have been adjudged to be liable to the registrant, unless a court determines that, despite such adjudication but in view of all of the circumstances, he or she is entitled to indemnification of such expenses. Notwithstanding the foregoing, to the extent that any Indemnitee has been successful, on the merits or otherwise, he or she will be indemnified by the registrant against all expenses (including attorneys’ fees) actually and reasonably incurred by him or her or on his or her behalf in connection therewith. If the registrant does not assume the defense, expenses must be advanced to an Indemnitee under certain circumstances.
The registrant has entered into indemnification agreements with each of its directors and executive officers. These indemnification agreements require the registrant under circumstances to, among other things, indemnify these directors and executive officers for some expenses, including attorneys’ fees, judgments, fines, and settlement amounts incurred by each of these directors and executive officers in any action or proceeding arising out of his or her service as one of the registrant’s directors or officers, or any of the registrant’s subsidiaries or any other company or enterprise to which the person provides services at the registrant’s request.
The registrant maintains a general liability insurance policy that covers certain liabilities of the directors and officers of the registrant arising out of claims based on acts or omissions in their capacities as directors or officers.
Item 7.Exemption from Registration Claimed.
Not applicable.
Item 8.Exhibits.
Number | | Description |
4.1(1) | | |
4.2(2) | | |
5.1 | | Opinion of Wilmer Cutler Pickering Hale & Dorr LLP, counsel to the Registrant |
23.1 | | Consent of Wilmer Cutler Pickering Hale & Dorr LLP (included in Exhibit 5.1) |
23.2 | | Consent of Ernst & Young LLP, independent registered public accounting firm |
24.1 | | Power of attorney (included on the signature pages of this registration statement) |
99.1(3) | | |
99.2(4) | | |
99.3(5) | | |
99.4(6) | | |
107 | |
(1) | Previously filed with the Securities and Exchange Commission on February 8, 2016 as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 001-37687) and incorporated herein by reference. |
(2) | Previously filed with the Securities and Exchange Commission on February 8, 2016 as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K (File No. 001-37687) and incorporated herein by reference. |
(3) | Previously filed with the Securities and Exchange Commission on January 4, 2016 as Exhibit 10.10 to the Registrant’s Registration Statement on Form S-1 (File No. 333-208856) and incorporated herein by reference. |
(4) | Previously filed with the Securities and Exchange Commission on January 4, 2016 as Exhibit 10.25 to the Registrant’s Registration Statement on Form S-1 (File No. 333-208856) and incorporated herein by reference. |
(5) | Previously filed with the Securities and Exchange Commission on February 26, 2020 as Exhibit 10.15 to the Registrant’s Annual Report on Form 10-K (File No. 001-37687) and incorporated herein by reference. |
(6) | Previously filed with the Securities and Exchange Commission on February 26, 2020 as Exhibit 10.16 to the Registrant’s Annual Report on Form 10-K (File No. 001-37687) and incorporated herein by reference. |
Item 9.Undertakings.
1. | Item 512(a) of Regulation S-K. The undersigned registrant hereby undertakes: |
(1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |
(i) | To include any prospectus required by Section 10(a)(3) of the Securities Act; |
(ii) | (To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and |
(iii) | To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; |
provided, however, that paragraphs (i) and (ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.
(2) | That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
(3) | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Cambridge, Commonwealth of Massachusetts, on February 24, 2022.
| EDITAS MEDICINE, INC. | |
| | |
| By: | /s/ James C. Mullen |
| | James C. Mullen |
| | President and Chief Executive Officer |
SIGNATURES AND POWER OF ATTORNEY
We, the undersigned officers and directors of Editas Medicine, Inc., hereby severally constitute and appoint James C. Mullen and Michelle Robertson and each of them singly, our true and lawful attorneys with full power to them, and to each of them singly, to sign for us and in our names in the capacities indicated below the registration statement on Form S-8 filed herewith and any and all subsequent amendments to said registration statement and generally to do all such things in our names and on our behalf in our capacities as officers and directors to enable Editas Medicine, Inc. to comply with the provisions of the Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, hereby ratifying and confirming our signatures as they may be signed by our said attorneys, or any of them, to said registration statement and any and all amendments thereto.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
| Title |
| Date |
| | | | |
/s/ James C. Mullen | | President, Chief Executive Officer, and Chairman of the Board (principal executive officer) | | February 24, 2022 |
James C. Mullen | | |||
| | |||
/s/ Michelle Robertson | | Chief Financial Officer (principal financial and accounting officer) | | February 24, 2022 |
Michelle Robertson | | |||
| | |||
/s/ Meeta Chatterjee | | Director | | February 24, 2022 |
Meeta Chatterjee, Ph.D. | | |||
| | |||
/s/ Bernadette Connaughton | | Director | | February 24, 2022 |
Bernadette Connaughton | | |||
| | |||
/s/ Andrew Hirsch | | Director | | February 24, 2022 |
Andrew Hirsch | | |||
| | |||
/s/ Jessica Hopfield | | Director | | February 24, 2022 |
Jessica Hopfield, Ph.D. | | |||
| | |||
/s/ Emma Reeve | | Director | | February 24, 2022 |
Emma Reeve | | |||
| | |||
/s/ David Scadden | | Director | | February 24, 2022 |
David Scadden, M.D. | | |||
| | |||
/s/ Akshay K. Vaishnaw | | Director | | February 24, 2022 |
Akshay K. Vaishnaw, M.D., Ph.D. | |
Exhibit 5.1
February 24, 2022 | +1 617 526 6000 (t) |
| |
Editas Medicine, Inc. | |
11 Hurley Street | |
Cambridge, MA 02141 | |
Re: | Registration Statement on Form S-8; 2015 Stock Incentive Plan; 2015 Employee Stock Purchase Plan; Inducement Award Agreements (as defined below) |
Ladies and Gentlemen:
We have assisted in the preparation of a Registration Statement on Form S-8 (the “Registration Statement”) to be filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), relating to (i) an aggregate of 3,422,637 shares (the “Plan Shares”) of common stock, $0.0001 par value per share (the “Common Stock”), of Editas Medicine, Inc., a Delaware corporation (the “Company”), issuable under the Company’s 2015 Stock Incentive Plan and 2015 Employee Stock Purchase Plan (collectively, the “Plans”), (ii) an aggregate of 96,920 shares of Common Stock (the “Option Shares”) pursuant to inducement stock option agreements between the Company and Mark S. Shearman, Ph.D., entered into in connection with Dr. Shearman’s commencement of employment with the Company, and between the Company and Chi Li, Ph.D., entered into in connection with Dr. Li’s commencement of employment with the Company (collectively, the “Inducement Option Agreements”) and (iii) an aggregate of 46,845 shares of Common Stock (the “RSU Shares,” and collectively with the Plan Shares and Option Shares, the “Shares”) pursuant to inducement restricted stock unit agreements between the Company and Dr. Shearman, entered into in connection with Dr. Shearman’s commencement of employment with the Company, and between the Company and Dr. Li, entered into in connection with Dr. Li’s commencement of employment with the Company (collectively with the Inducement Option Agreements, the “Inducement Award Agreements”).
We have examined the Certificate of Incorporation and By-laws of the Company, each as amended and restated to date, and originals, or copies certified to our satisfaction, of all pertinent records of the meetings of the directors and stockholders of the Company, the Registration Statement and such other documents relating to the Company as we have deemed material for the purposes of this opinion.
In our examination of the foregoing documents, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, photostatic or other copies, the authenticity of the originals of any such documents and the legal competence of all signatories to such documents.
Editas Medicine, Inc. | |
February 24, 2022 | |
Page 2 | |
We assume that the appropriate action will be taken, prior to the offer and sale of the Shares in accordance with the Plans and the Inducement Award Agreements, as applicable, to register and qualify the Shares for sale under all applicable state securities or “blue sky” laws.
We express no opinion herein as to the laws of any state or jurisdiction other than the state laws of the Commonwealth of Massachusetts, the General Corporation Law of the State of Delaware and the federal laws of the United States of America.
It is understood that this opinion is to be used only in connection with the offer and sale of the Shares while the Registration Statement is in effect.
Please note that we are opining only as to the matters expressly set forth herein, and no opinion should be inferred as to any other matters.
Based on the foregoing, we are of the opinion that the Shares have been duly authorized for issuance and, when the Shares are issued and, if applicable, paid for in accordance with the terms and conditions of the Plans and the Inducement Award Agreements, as applicable, the Shares will be validly issued, fully paid and nonassessable.
We hereby consent to the filing of this opinion with the Commission in connection with the Registration Statement in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act. In giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.
Very truly yours, | |
| |
WILMER CUTLER PICKERING | |
HALE AND DORR LLP | |
By: | /s/ Rosemary G. Reilly | |
| Rosemary G. Reilly, a Partner | |
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2015 Stock Incentive Plan, 2015 Employee Stock Purchase Plan, Inducement Stock Option Awards (June 2021), and Inducement Restricted Stock Unit Awards (June 2021) of Editas Medicine, Inc. of our reports dated February 24, 2022, with respect to the consolidated financial statements of Editas Medicine, Inc. and the effectiveness of internal control over financial reporting of Editas Medicine, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2021, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Boston, Massachusetts
February 24, 2022
Exhibit 107
Calculation of Filing Fee Tables
Form S-8 |
(Form Type) |
|
Editas Medicine, Inc. |
(Exact Name of Registrant as Specified in its Charter) |
Table 1—Newly Registered Securities
Security Type | Security Class Title | Fee Calculation Rule | Amount Registered (1) | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee |
Equity | Common Stock, $0.0001 par value per share | Other | 3,422,637 shares (2) | $14.84 (5) | $50,791,933.08 (5) | $92.70 per $1,000,000 | $4,708.42 |
Equity | Common Stock, $0.0001 par value per share | Other | 96,920 shares (3) | $38.53 (6) | $3,734,327.60 (6) | $92.70 per $1,000,000 | $346.18 |
Equity | Common Stock, $0.0001 par value per share | Other | 46,845 shares (4) | $14.84 (5) | $695,179.80 (5) | $92.70 per $1,000,000 | $64.45 |
Total Offering Amounts | | $55,221,440.48 | | $5,119.05 | |||
Total Fee Offsets | | | | — | |||
Net Fee Due | | | | $5,119.05 |
(1) | In accordance with Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall be deemed to cover any additional securities that may from time to time be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(2) | Consists of (i) 2,738,110 additional shares issuable under the 2015 Stock Incentive Plan and (ii) 684,527 additional shares issuable under the 2015 Employee Stock Purchase Plan. |
(3) | Consists of (i) 52,718 shares issuable under an inducement stock option award pursuant to an inducement stock option agreement entered into by the Registrant with Mark Shearman, the Registrant’s Chief Scientific Officer, which was granted on June 14, 2021, and (ii) 44,202 shares issuable under an inducement stock option award pursuant to an inducement stock option agreement entered into by the Registrant with Chi Li, the Registrant’s Chief Regulatory Officer, which was granted on June 14, 2021, each in accordance with Nasdaq Listing Rule 5635(c)(4). |
(4) | Consists of (i) 32,701 shares issuable under an inducement restricted stock unit award pursuant to an inducement restricted stock unit agreement entered into by the Registrant with Mark Shearman, which was granted on June 14, 2021 and (ii) 14,144 shares issuable under an inducement restricted stock unit award pursuant to an inducement restricted stock unit agreement entered into by the Registrant with Chi Li, which was granted on June 14, 2021, each in accordance with Nasdaq Listing Rule 5635(c)(4). |
(5) | Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act, and based upon the average of the high and low sale prices of the Registrant’s Common Stock as reported on the Nasdaq Global Select Market on February 23, 2022 for (i) the additional shares issuable under the 2015 Stock Incentive Plan and 2015 Employee Stock Purchase Plan, and (ii) the 46,845 shares issuable under the inducement restricted stock unit awards for Mark Shearman and Chi Li. |
(6) | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) of the Securities Act, based on the exercise price per share of the 96,920 shares issuable under the inducement stock option awards for Mark Shearman and Chi Li. |