Form 8-K SEATTLE GENETICS INC For: Jul 26
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): July 26, 2018
Seattle Genetics, Inc.
(Exact name of Registrant as specified in its charter)
Delaware | 0-32405 | 91-1874389 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
21823 30th Drive SE
Bothell, Washington 98021
(Address of principal executive offices, including zip code)
(425) 527-4000
(Registrants telephone number, including area code)
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)) |
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 8.01 Other Events.
Seattle Genetics, Inc. (the Company) is filing this Current Report on Form 8-K to provide a copy of the legal opinion of Cooley LLP relating to the legality of the Companys common stock, par value $0.001 per share, to be offered and sold pursuant the Companys Registration Statement on Form S-3 (File No. 333-222793) and the related prospectus supplement, dated July 26, 2018, and filed with the U.S. Securities and Exchange Commission pursuant to Rule 424 under the Securities Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description | |
5.1 | Opinion of Cooley LLP | |
23.1 | Consent of Cooley LLP (included in Exhibit 5.1) |
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.
SEATTLE GENETICS, INC. | ||||
Dated: July 26, 2018 | By: | /S/ CLAY B. SIEGALL | ||
Clay B. Siegall President and Chief Executive Officer |
Exhibit 5.1
July 26, 2018
Seattle Genetics, Inc.
21823 30th Drive SE
Bothell, WA 98021
Ladies and Gentlemen:
We have acted as counsel to Seattle Genetics, Inc., a Delaware corporation (the Company), with respect to certain matters in connection with the sale by the selling stockholders (the Selling Stockholders) named in the Prospectus Supplement (as defined below) of up to 50,977,960 shares of the Companys common stock, par value $0.001 per share (the Shares), pursuant to the Registration Statement on Form S-3 (Registration Statement No. 333-222793) (the Registration Statement), filed with the Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended (the Act), on January 31, 2018, the related prospectus dated January 31, 2018 included in the Registration Statement (the Base Prospectus), and the prospectus supplement relating to the Shares filed with the Commission on July 26, 2018 pursuant to Rule 424(b) promulgated under the Act (the Prospectus Supplement and, together with the Base Prospectus, the Prospectus).
In connection with this opinion, we have examined and relied upon (a) the Registration Statement and Prospectus, (b) the Companys Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, each as in effect at the time of issuance of the Shares and as currently in effect, and (c) the originals or copies certified to our satisfaction of such other documents, records, certificates, memoranda and other instruments as we deem necessary or appropriate to enable us to render the opinion expressed below including filings made with the Commission by the Selling Stockholders. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not sought independently to verify such matters. We have assumed the genuineness and authenticity of all documents submitted to us as originals, and the conformity to originals of all documents submitted to us as copies thereof.
Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation. Our opinion is based on these laws as in effect on the date hereof, and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein.
On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares have been validly issued and are fully paid and non-assessable.
Cooley LLP 101 California Street 5th Floor San Francisco, CA 94111-5800
t: (415) 693-2000 f: (415) 693-2222 cooley.com
Seattle Genetics, Inc.
July 26, 2018
Page Two
We consent to the reference to our firm under the caption Legal Matters in the Prospectus and to the filing of this opinion as an exhibit to a Current Report of the Company on Form 8-K.
Sincerely, | ||
COOLEY LLP | ||
By: | /s/ Chadwick L. Mills | |
Chadwick L. Mills |
Cooley LLP 101 California Street 5th Floor San Francisco, CA 94111-5800
t: (415) 693-2000 f: (415) 693-2222 cooley.com