ACADIA Pharmaceuticals Inc.

20/08/2024 | Press release | Distributed by Public on 20/08/2024 20:38

Post effective Amendment to Registration Statement for Employee Benefit Plan Form S 8 POS

S-8 POS

As filed with the Securities and Exchange Commission on August 20, 2024

Registration No. 333-168667

Registration No. 333-190400

Registration No. 333-207971

Registration No. 333-213109

Registration No. 333-219785

Registration No. 333-226834

Registration No. 333-232981

Registration No. 333-266680

Registration No. 333-269611

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Post-Effective Amendment No. 3 to Registration Statement on Form S-8 (Registration No. 333-168667)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-190400)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-207971)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-213109)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-219785)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-226834)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-232981)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-266680)

Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (Registration No. 333-269611)

UNDER

THE SECURITIES ACT OF 1933

ACADIA PHARMACEUTICALS INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware 06-1376651

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

12830 El Camino Real, Suite 400

San Diego, CA 92130

(858) 558-2871

(Address of Principal Executive Offices, Including Zip Code)

Acadia Pharmaceuticals Inc.

2010 Equity Incentive Plan

2023 Inducement Plan

(Full title of the plan)

Jennifer J. Rhodes

Executive Vice President, Chief Legal Officer & Secretary

Acadia Pharmaceuticals Inc.

12830 El Camino Real, Suite 400

San Diego, CA 92130

(Name and Address of Agent for Service)

(858) 558-2871

(Telephone number, including area code, of agent for service)

Copies to:

Carlos Ramirez, Esq.

Cooley LLP

10265 Science Center Drive

San Diego, CA 92121-1117

(858) 550-6000

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. ☐

EXPLANATORY NOTE

Acadia Pharmaceuticals Inc. (the "Registrant") hereby amends its registration statements on Form S-8 (File Nos. 333-168667,333-190400,333-207971,333-213109,333-219785,333-226834,333-232981,333-266680 and 333-269611) (collectively, the "Registration Statements") by filing this Post-Effective Amendment to the Registration Statements (this "Post-Effective Amendment"). The Registrant previously amended the Registration Statements by filing post-effective amendments to the Registration Statements with the U.S. Securities and Exchange Commission on May 29, 2024 (such post-effective amendments, the "Prior Amendments") to reflect that the Acadia Pharmaceuticals Inc. 2010 Equity Incentive Plan (the "2010 Plan") and the Acadia Pharmaceuticals Inc. 2023 Inducement Plan (the "Inducement Plan") were both replaced by the Acadia Pharmaceuticals Inc. 2024 Equity Incentive Plan (the "2024 Plan").

The Registrant is filing this Post-Effective Amendment to (i) correct an error in the maximum number of shares of the Registrant's common stock that may be issued pursuant to the 2024 Plan as described in the Prior Amendments, (ii) clarify the disclosure accompanying such maximum number and (iii) file a new Exhibit 5.1 (clauses (i), (ii) and (iii) together, the "Modifications"). Except as revised to make the Modifications, this Post-Effective Amendment does not modify or update the previously filed Registration Statements, as modified by the Prior Amendments, and all other items of the Registration Statements, as modified by the Prior Amendments, are incorporated herein by reference without change. The new Exhibit 5.1 is filed herewith as Exhibit 5.1. No additional shares of the Registrant's common stock are being registered by this Post-Effective Amendment, and registration fees were paid upon filing of the original Registration Statements.

The Modifications include deleting the second paragraph under the heading "Explanatory Note" in the Prior Amendments in its entirety and replacing that paragraph with the following:

On May 29, 2024 (the "Effective Date"), the Registrant's stockholders approved the 2024 Plan, which is a successor to and continuation of the 2010 Plan. No additional awards will be granted under the 2010 Plan or the Inducement Plan. Subject to the effect of the "fungible share counting" described below, as of the Effective Date, the maximum number of shares of the Registrant's common stock that may be issued pursuant to the 2024 Plan will not exceed 38,655,178, which number is the sum of (i) 7,018,288 new shares, plus, (ii) 31,636,890 shares consisting of (1) the number of shares available for the grant of new awards under the 2010 Plan and Inducement Plan as of immediately prior to the Effective Date and (2) shares of common stock subject to a 2010 Plan award or Inducement Plan award that following the Effective Date: (a) are not issued because such 2010 Plan award or Inducement Plan award or any portion thereof expires or otherwise terminates without all of the shares covered by such 2010 Plan award or Inducement Plan award having been issued; (b) are not issued because such 2010 Plan award or Inducement Plan award or any portion thereof is settled in cash; or (c) are forfeited back to or repurchased by the Registrant because of the failure to meet a contingency or condition required for the vesting of such shares ((1) and (2) together, the "Carryover Shares").

The 2024 Plan contains a "fungible share counting" structure, which increases the rate at which the share reserve is depleted for awards other than stock options and stock appreciation rights in order to minimize stockholder dilution. Specifically, the number of shares of the Registrant's common stock available for issuance under the 2024 Plan will be reduced by (i) one share for each share issued pursuant to a stock option or stock appreciation right with an exercise price that is at least 100% of the fair market value of the Registrant's common stock on the date of grant (an "Appreciation Award"), and (ii) 1.49 shares for each share issued pursuant to an award that is not an Appreciation Award. Any shares that return to the share reserve under the 2024 Plan's share counting provisions will return at the foregoing fungible rate.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 8. Exhibits.

Exhibit
Number

Description

 4.1** Amended and Restated Certificate of Incorporation, as amended (incorporated by reference to Exhibit 3.1 to the Registrant's Quarterly Report on Form 10-Q, filed August 6, 2015).
 4.2** Certificate of Amendment of Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K, filed February 25, 2021).
 4.3** Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed September 12, 2013).
 4.4** Form of common stock certificate of the Registrant (incorporated by reference to Exhibit 4.1 to Registration Statement No. 333-52492, filed December 21, 2000).
 5.1* Opinion of Cooley LLP.
23.1** Consent of Independent Registered Public Accounting Firm (incorporated by reference to Exhibit 23.1 to the Prior Amendments).
23.2* Consent of Cooley LLP (included in Exhibit 5.1).
24.1** Power of Attorney (included on the signature page to the Prior Amendments).
99.1** 2010 Equity Incentive Plan, as amended (incorporated by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-K, filed August 9, 2022).
99.2** Forms of Nonstatutory Stock Option Grant Notice and Stock Option Agreement under Acadia Pharmaceuticals Inc. 2010 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-Q, filed May 9, 2024).
99.3** Forms of Restricted Stock Unit Grant Notice and Restricted Stock Unit Award Agreement under Acadia Pharmaceuticals Inc. 2010 Equity Incentive Plan (incorporated by reference to Exhibit 10.2 to the Registrant's Quarterly Report on Form 10-Q, filed May 9, 2024).
99.4** Forms of Performance Stock Unit Grant Notice and Performance Stock Unit Award Agreement under Acadia Pharmaceuticals Inc. 2010 Equity Incentive Plan (incorporated by reference to Exhibit 10.3 to the Registrant's Quarterly Report on Form 10-Q, filed May 9, 2024).
99.5** Acadia Pharmaceuticals Inc. 2023 Inducement Plan (incorporated by reference to Exhibit 99.1 to Registration Statement No. 333-269611).
99.6** Forms of Stock Option Grant Notice and Stock Option Agreement under Acadia Pharmaceuticals Inc. 2023 Inducement Plan (incorporated by reference to Exhibit 99.2 to Registration Statement No. 333-269611).
99.7** Forms of Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement under Acadia Pharmaceuticals Inc. 2023 Inducement Plan (incorporated by reference to Exhibit 99.3 to Registration Statement No. 333-269611).
99.8** Acadia Pharmaceuticals Inc. 2024 Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to Registration Statement No. 333-279784).
99.9** Forms of Standard Stock Option Grant Notice and Stock Option Agreement under the Acadia Pharmaceuticals Inc. 2024 Equity Incentive Plan (incorporated by reference to Exhibit 99.2 to Registration Statement No. 333-279784).
99.10** Forms of Standard Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement under the Acadia Pharmaceuticals Inc. 2024 Equity Incentive Plan (incorporated by reference to Exhibit 99.3 to Registration Statement No. 333-279784).

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 Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Diego, State of California, on August 20, 2024.

ACADIA PHARMACEUTICALS INC.
By:

/s/ Stephen R. Davis

Stephen R. Davis
Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment has been signed by the following persons in the capacities and on the dates indicated.

Signature

Title

Date

/s/ Stephen R. Davis

Stephen R. Davis

Chief Executive Officer and Director

(Principal Executive Officer)

August 20, 2024

/s/ Mark C. Schneyer

Mark C. Schneyer

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

August 20, 2024

/s/ James K. Kihara

James K. Kihara

Vice President, Chief Accounting Officer and Controller

(Principal Accounting Officer)

August 20, 2024

*

Stephen R. Biggar

Chairman of the Board August 20, 2024

*

Julian C. Baker

Director August 20, 2024

*

Laura A. Brege

Director August 20, 2024

*

James M. Daly

Director August 20, 2024

*

Elizabeth A. Garofalo

Director August 20, 2024

*

Edmund P. Harrigan

Director August 20, 2024

*

Adora Ndu

Director August 20, 2024

*

Daniel B. Soland

Director August 20, 2024
*

Pursuant to Power of Attorney

By:

/s/ Stephen R. Davis

Stephen R. Davis
Attorney-in-fact