Item 2.02 Results of Operations and Financial Condition.
On January 9, 2023, NeuroPace issued a press release announcing its preliminary
unaudited revenue for the fiscal quarter and year ended December 31, 2022. A
copy of such press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
The foregoing information in this Item 2.02 (including the exhibit hereto) is
being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such
filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of New Director
On January 4, 2023, the NeuroPace Board appointed Dr. Uri Geiger as a Class III
director, effective as of January 5, 2023. Dr. Geiger's term as a member of the
Board will expire at the meeting of stockholders to be held in 2024. It is not
currently contemplated that Mr. Geiger will become a member of a Board
committee.
In accordance with NeuroPace's non-employee director compensation policy,
Dr. Geiger was granted a non-statutory stock option to purchase 120,521 shares
of NeuroPace's common stock with an exercise price per share equal to $1.535,
the per share fair market value of the underlying common stock on the date of
grant. Subject to Dr. Geiger's continued service with us on each applicable
vesting date, 1/36th of the shares subject to the option will vest on a monthly
basis over the three-year period following the date of grant. The option is
subject to the terms and conditions of NeuroPace's 2021 Equity Incentive Plan
and the related option agreement. Furthermore, Dr. Geiger will be entitled to an
annual cash retainer for his service in accordance with NeuroPace's non-employee
director compensation policy, which includes an annual retainer of $40,000 for
serving on the Board.
In connection with his appointment to the Board, Dr. Geiger will execute
NeuroPace's standard form of indemnification agreement for directors.
Item 7.01 Regulation FD Disclosure
NeuroPace has prepared an investor presentation for use at the J.P. Morgan
Healthcare Conference on January 12, 2023, at 9:00 a.m. Pacific Time. A copy of
the investor presentation is attached hereto as Exhibit 99.2. A copy of the
investor presentation will also be accessible on NeuroPace's website at
https://investors.neuropace.com/news-and-events/presentations.
The foregoing information in this Item 7.01 (including the exhibit hereto) is
being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such
filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit
No. Description
99.1 Press Release dated January 9, 2023
99.2 Investor Presentation dated January 9, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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