Tenax Therapeutics, Inc 8-K, filed Jun 13, 2023
Tenax Therapeutics, Inc. (TENX)
About this 8-K
Tenax Therapeutics, Inc filed this 8-K on June 13, 2023, reporting on events of June 9, 2023.
Items reported
- Item 5.07: Shareholder vote results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item. 5.07 Submission of Matters to a Vote of Security Holders.
On June 9, 2023, Tenax Therapeutics, Inc. (the “Company”) held its 2023 annual meeting of stockholders (the “Annual Meeting”). The following proposals were voted upon at the Annual Meeting and the final voting results with respect to each such proposal are set forth below.
At the Annual Meeting, stockholders elected directors to the Company’s Board of Directors (the “Board”) for a one-year term expiring in 2024, or until his or her successor is duly elected and qualified, based on the following votes:
Members |
| For |
|
| Withheld |
|
| Broker Non-Votes |
|
June Almenoff |
| 5,721,880 |
|
| 1,732,058 |
|
| 3,488,528 |
|
Michael Davidson |
| 5,831,066 |
|
| 1,622,872 |
|
| 3,488,528 |
|
Declan Doogan |
| 5,831,510 |
|
| 1,622,428 |
|
| 3,488,528 |
|
Christopher T. Giordano |
| 5,831,712 |
|
| 1,622,226 |
|
| 3,488,528 |
|
Robyn M. Hunter |
| 5,885,682 |
|
| 1,568,256 |
|
| 3,488,528 |
|
Gerald T. Proehl |
| 5,835,929 |
|
| 1,618,009 |
|
| 3,488,528 |
|
Stuart Rich |
| 5,877,562 |
|
| 1,576,376 |
|
| 3,488,528 |
|
At the Annual Meeting, stockholders were asked to approve an amendment to the Company’s certificate of incorporation, as amended, to authorize a reverse stock split of each issued and outstanding share of the Company’s common stock by a ratio of not less than one-for-three (1:3) and not more than one-for-forty (1:40), with the exact ratio to be set at a number within this range as determined by the Board in its sole discretion, and to permit the Board to implement or abandon this amendment no later than June 9, 2024 (the “Reverse Stock Split Proposal”). The Reverse Stock Split Proposal was not approved at the Annual Meeting, with a vote of 5,560,628 shares for, 5,268,941 shares against, 112,897 shares abstaining, and no broker non-votes.
In addition, at the Annual Meeting, stockholders were asked to approve Amendment No. 1 to the Tenax Therapeutics, Inc. 2022 Stock Incentive Plan to increase the number of shares authorized for issuance under the plan by 2,750,000 shares (the “Plan Amendment Proposal”). The Plan Amendment Proposal was not approved at the Annual Meeting, with a vote of 2,775,491 shares for, 4,415,521 shares against, 262,926 shares abstaining, and 3,488,528 broker non-votes.
At the Annual Meeting, stockholders ratified the selection of Cherry Bekaert LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The vote for such ratification was 9,331,120 shares for, 1,014,740 shares against, 596,606 shares abstaining, and no broker non-votes.
Lastly, stockholders approved the proposal regarding the adjournment of the Annual Meeting, if necessary, to permit further solicitation and vote of proxies, if there are not sufficient votes at the time of the Annual Meeting or any adjournment or postponement thereof to approve one or more of the proposals presented at the Annual Meeting (the “Adjournment Proposal”). The Adjournment Proposal was approved at the Annual Meeting, with a vote of 7,279,249 shares for, 3,269,109 shares against, 394,108 shares abstaining, and no broker non-votes. The Annual Meeting was not adjourned as to any of the proposals considered by stockholders.
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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.
Tenax Therapeutics, Inc. | |||
| Date: June 13, 2023 | By: | /s/ Christopher T. Giordano | |
|
| Christopher T. Giordano | |
President and Chief Executive Officer | |||
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