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
 
Date of Report (Date of earliest event reported): April 24, 2013
 
Supernus Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of
Incorporation)
 
0-50440 | | 20-2590184
(Commission File Number) | | (IRS Employer Identification No.)
 
1550 East Gude Drive, Rockville MD | | 20850
(Address of principal executive offices) | | (Zip Code)
 
Registrant’s telephone number, including area code:  (301) 838-2500
 
Not Applicable
(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 ( see  General Instruction A.2. below):
 
☐ 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 14d-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 5.07                                          Submission of Matters to a Vote of Security Holders.
 
On April 24, 2013, Supernus Pharmaceuticals, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”).  The proxy statement pertaining to the Annual Meeting was previously filed by the Company with the Securities and Exchange Commission on March 29, 2013.  As of the close of business on March 20, 2013, there were 30,892,070 shares of common stock outstanding and entitled to vote.  The tabulation of votes for each proposal voted on by the stockholders was as follows:
 
Proposal 1:  Election of Class I Directors, each to serve until the Annual Meeting of the Company in 2016.
 
Name | | Votes For | | Votes Withheld | | Broker Non-Votes |
Jack A. Khattar | | 22,230,389 | | 26,198 | | 6,788,993 |
M. James Barrett, Ph.D. | | 21,767,284 | | 489,303 | | 6,788,993 |
William A. Nuerge | | 22,226,027 | | 30,560 | | 6,788,993 |
 
Proposal 2:  Ratification of the appointment of Ernest & Young LLP as the Company’s independent public accounting firm for the fiscal year ending December 31, 2013.
 
Votes For | | Votes Against | | Abstain |
28,973,901 | | 6,675 | | 65,004 |
 
Item 8.01                                          Other Events
 
On April 24, 2013, Supernus issued a press release announcing that it intends to offer, subject to market and other considerations,  $75.0 million aggregate principal amount of Convertible Senior Secured Notes due 2019 (the “Convertible Notes”) to be offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.  Supernus also intends to grant to the initial purchasers of the Convertible Notes a 30-day option to purchase up to an additional $15.0 million aggregate principal amount of the Convertible Notes.  A copy of this press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
 
Item 9.01                                          Financial Statements and Exhibits
 
(d)                                Exhibits
 
The following document is furnished as an Exhibit pursuant to Item 8.01 hereof:
 
Exhibit 99.1 — Press Release dated March 24, 2013 of the Company announcing that it intends to offer $75.0 million aggregate principal amount of Convertible Senior Notes.
 
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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.

| SUPERNUS PHARMACEUTICALS, INC.
DATED: April 26, 2013 | By: | /s/ | Gregory S. Patrick
| | | Gregory S. Patrick
| | | Vice-President and Chief Financial Officer
 
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Exhibit 99.1

 
FOR IMMEDIATE RELEASE
 
SUPERNUSANNOUNCES PROPOSED OFFERING OF
$75 MILLION OF CONVERTIBLE SENIOR SECURED NOTES
 
Rockville, MD, April 24, 2013 - Supernus Pharmaceuticals, Inc. (NASDAQ: SUPN)(“Supernus”) today announced that it intends to offer, subject to market and other considerations, $75.0 million aggregate principal amount of Convertible Senior Notes due 2019 (the “Convertible Notes”) in a private offering.  Supernus also intends to grant to the initial purchasers of the Convertible Notes a 30-day option to purchase up to an additional $15.0 million aggregate principal amount of the Convertible Notes.
 
The Convertible Notes will be Supernus’ general senior obligations, secured by liens on substantially all of Supernus’ assets. Initially, the Convertible Notes will be convertible at any time. Supernus will initially settle conversions of the Convertible Notes by delivering shares of Supernus common stock at a specified conversion rate. If and when stockholder approval is obtained, in accordance with applicable NASDAQ rules, the Convertible Notes will become convertible only under certain circumstances and during certain periods. Supernus will then settle conversions of the Convertible Notes by paying or delivering, as the case may be, cash, shares of its common stock, or a combination of cash and shares of its common stock, at its election. The interest rate, conversion rate and other terms of the Convertible Notes will be determined at the time of pricing of the offering.
 
The offering is being made to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  Neither the Convertible Notes nor any shares of Supernus’ common stock issuable upon conversion of the Convertible Notes have been or are expected to be registered under the Securities Act or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.  This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
 
Supernus Contacts:
Jack Khattar, President & CEO
Gregory S. Patrick, Vice President and CFO
Supernus Pharmaceuticals, Inc.
301-838-2591