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): February 6, 2020
FOAMIX PHARMACEUTICALS LTD.
(Exact name of registrant as specified in
its charter)
Israel
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001-36621
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N/A
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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2 Holzman Street,
Weizmann Science Park
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Rehovot, Israel
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7670402
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(Address of principal executive offices)
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(Zip Code)
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+972-8-9316233
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(Registrant’s telephone number, including area code)
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(Former name or former address, if changed since last report)
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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):
x 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))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Ticker symbol(s)
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Name of each exchange on which registered
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Ordinary Shares, par value NIS 0.16 per share
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FOMX
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Nasdaq Global Stock Market
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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. ¨
Item 5.07 Submission of Matters to a Vote of Security Holders.
On February 6, 2020, Foamix Pharmaceuticals Ltd. (“Foamix”
or the “Company”) held an extraordinary general meeting of shareholders (the “Extraordinary Meeting”),
at which a quorum was present, to vote on matters related to the previously announced merger with Giants Merger Subsidiary Ltd.
(“Merger Sub”), a wholly-owned subsidiary of Menlo Therapeutics Inc. (“Menlo”). A summary of the voting
results for the following proposals, each of which is described in detail in the Company’s definitive proxy statement dated
January 7, 2020, which was first mailed to the Company’s shareholders on or about January 8, 2020, is set forth below:
Proposal 1.
Foamix’s shareholders adopted the Agreement and Plan of
Merger, dated as of November 10, 2019 (as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of December
4, 2019), by and among Foamix, Menlo and Merger Sub and approved the merger of Merger Sub with and into Foamix, with Foamix surviving
as a wholly-owned subsidiary of Menlo (the “Merger”).
Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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29,287,245
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1,578,432
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160,978
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0
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As required by Israeli
law, Proposal 1 was approved by shareholders holding a majority of the ordinary shares voted on such proposal who affirmatively
confirmed that they were not any of (i) Menlo, (ii) Merger Sub, or (iii) (a) a person holding, directly or indirectly, either (x)
25% or more of the voting rights of Menlo or Merger Sub or (y) the right to appoint 25% or more of the directors of Menlo or Merger
Sub, (b) a person or entity acting on behalf of Menlo, Merger Sub or a person described in subsection (a) above or (c) one of such
person’s spouse, siblings, parents, grandparents, descendants, spouse’s descendants, siblings or parents or the spouse
of any such person, or a corporation controlled by any one or more of such persons or entities or by Menlo or Merger Sub.
Proposal 2.
Foamix’s shareholders approved, on an advisory, non-binding
basis, the compensation that may be paid or become payable to Foamix’s named executive officers in connection with the Merger.
Votes
For
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Votes
Against
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Abstentions
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Broker Non-Votes
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28,108,621
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2,700,402
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217,632
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0
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Item 8.01 Other Events.
On February 6, 2020, Foamix and Menlo issued a joint press release
entitled “Foamix and Menlo Announce Shareholder Approval of Proposed Merger.” A copy of the Press Release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
Foamix and Menlo expect the Merger to close in early March 2020.
Important Additional Information and Where to Find It
On January 6, 2020, Menlo filed a
Registration Statement on Form S-4 containing a joint proxy statement/prospectus of Menlo and Foamix and other documents
concerning the proposed merger with the Securities and Exchange Commission (the “SEC”). The registration
statement has been declared effective by the SEC. Foamix mailed the definitive proxy statement/prospectus and a proxy card to
each stockholder entitled to vote at the special meeting relating to the proposed merger. On January 28, 2020, Menlo filed
with the SEC an amendment to the Registration Statement on Form S-4. Foamix and Menlo may also file other relevant documents
with the SEC regarding the proposed merger. This communication is not a substitute for the joint proxy statement/prospectus
or Registration Statement or any other document which Menlo or Foamix may file with the SEC. MENLO’S AND FOAMIX’S
RESPECTIVE STOCKHOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED
BY EACH OF MENLO AND FOAMIX WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE THEREIN BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND THE PARTIES TO THE PROPOSED MERGER. Security holders
may obtain a free copy of the joint proxy statement/prospectus and other documents filed by Menlo and Foamix with the SEC at
the SEC’s website at www.sec.gov. Investors and stockholders will also be able to obtain a free copy of the joint proxy
statement/prospectus and other documents containing important information about Menlo and Foamix through the website
maintained by the SEC at www.sec.gov. Menlo and Foamix make available free of charge at www.menlotherapeutics.com and
www.foamix.com, respectively (in the “ Investor Relations” section), copies of materials they file with, or
furnish to, the SEC.
Forward-Looking Statements
This communication contains forward-looking statements
within the meaning of the federal securities law that are subject to various risks and uncertainties that could cause our
actual results to differ materially from those expressed or implied in such statements. Words such as “
anticipate,” “ expect,” “ project,” “ intend,” “ believe,” and words
and terms of similar substance used in connection with any discussion of future plans, actions or events identify
forward-looking statements. Such factors include, but are not limited to: (i) conditions to the closing of the merger may not
be satisfied; (ii) the merger may involve unexpected costs, liabilities or delays; (iii) the effect of the announcement of
the merger on the ability of Menlo or Foamix to retain and hire key personnel and maintain relationships with customers,
suppliers and others with whom Menlo or Foamix does business, or on Menlo’s or Foamix’s operating results and
business generally; (iv) Menlo’s or Foamix’s respective businesses may suffer as a result of uncertainty
surrounding the merger and disruption of management’s attention due to the merger; (v) the outcome of any legal
proceedings related to the merger; (vi) Menlo or Foamix may be adversely affected by other economic, business, and/or
competitive factors; (vii) the occurrence of any event, change or other circumstances that could give rise to the termination
of the merger agreement; (viii) risks that the merger disrupts current plans and operations and the potential difficulties in
employee retention as a result of the merger; (ix) the risk that Menlo or Foamix may be unable to obtain governmental and
regulatory approvals required for the transaction, or that required governmental and regulatory approvals may delay the
transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed
transaction or cause the parties to abandon the proposed transaction; and (x) other risks to consummation of the merger,
including the risk that the merger will not be consummated within the expected time period or at all. Additional factors that
may affect the future results of Menlo and Foamix are set forth in their respective filings with the SEC, including each of
Menlo’s or Foamix’s most recently filed Annual Report on Form 10- K, subsequent Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and other filings with the SEC, which are available on the SEC’s website at www.sec.gov.
See in particular Item 1A of Part II of Menlo’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019
under the heading “Risk Factors” and Item 1A of Part II of Foamix’s Quarterly Report on Form 10-Q for the
quarter ended September 30, 2019 under the heading “Risk Factors.” The risks and uncertainties described above
and in Menlo’s most recent Quarterly Report on Form 10-Q and Foamix’s most recent Quarterly Report on Form 10-Q
are not exclusive and further information concerning Menlo and Foamix and their respective businesses, including factors that
potentially could materially affect its business, financial condition or operating results, may emerge from time to time.
Readers are urged to consider these factors carefully in evaluating these forward-looking statements. Readers should also
carefully review the risk factors described in other documents that Menlo and Foamix file from time to time with the SEC. The
forward-looking statements in this press release speak only as of the date of this press release. Except as required by law,
Menlo and Foamix assume no obligation to update or revise these forward-looking statements for any reason, even if new
information becomes available in the future.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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.
Date: February 6, 2020
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FOAMIX PHARMACEUTICALS LTD.
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By:
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/s/ Mutya Harsch
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Mutya Harsch
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Chief Legal Officer
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