Restore Mind Medicine
ISS Accepts the Company's Word
Vallone's "Outlier" Director Compensation
Reality:
ISS acknowledges that Vallone and Krebs received
outlier compensation as directors.
X ISS took MindMed's word that Vallone and Krebs offered
"critical assistance" which resulted in the compensation
committee approving this compensation. This ignores that
Vallone is the chair of the compensation committee.
ISS Accepts Company's Arguments on Phase llb
Without Any Analysis
Reality:
X
ISS does not address our arguments regarding the
serious issues afflicting the Phase Ilb trial. Rather, ISS
accepts Company's reasoning to pursue an unnecessary
Phase IIb trial without any examination of the facts. ISS
further hangs its hat on the Greenleaf report without
acknowledging our various arguments about why the
Phase IIb is flawed.
ISS Accepts That NEO's Met Corporate Goals
Reality:
ā Ignores that many of MindMed's goals were simply following the law or were
unmet.
Ignores that NEO compensation does not have any real performance requirements.
Ignores that the primary reason for executive compensation going down was due
to share price decline.
ISS Accepts Compass as One of MindMed's "Closest Peers"
Reality:
Company
Mind Medicine
Compass Pathways
Seelos
Source: Company's SEC Filings, Company SEDI Filings, Data From Refinitiv, Clinicaltrials.gov. See ISS Report
Current
Trials
2
5
2
Expected
Enrollment
252
1128
399
G&A
Expenses
(FY2022)
30M
45M
12M
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