Form 8-K/A - Current report: [Amend]
18 November 2023 - 8:35AM
Edgar (US Regulatory)
true
Amendment to report the decision regarding frequency of non-binding stockholder advisory votes
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2023-10-23
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or
15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): October 23,
2023
AVID
BIOSERVICES, INC.
(Exact name of registrant as specified
in its charter)
Delaware |
001-32839 |
95-3698422 |
(State of other jurisdiction
of incorporation) |
(Commission
File Number) |
(IRS
Employer
Identification No.) |
14191
Myford Road, Tustin, California 92780
(Address of Principal Executive Offices)
Registrant’s telephone number,
including area code: (714) 508-6100
__________________________________
(Former name or former address,
if changed since last report)
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:
| ☐ | 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.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:
Title of each Class |
Trading Symbol |
Name of each exchange on which registered |
Common Stock, $0.001 par value
per share |
CDMO |
The NASDAQ Stock Market LLC |
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. |
This Form 8-K/A is being filed as an amendment
("Amendment No. 1") to the Current Report on Form 8-K filed by Avid Bioservices, Inc. (the “Company”) with the
Securities and Exchange Commission on October 25, 2023 (the “Original Filing”). The Original Filing was filed to report the
results of the matters submitted to a vote by the Company’s stockholders at its 2023 Annual Meeting of Stockholders held on October
23, 2023 (the “2023 Annual Meeting”). The sole purpose of this Amendment No. 1 is to disclose, in accordance with Item 5.07(d)
of Form 8-K, the Company’s decision as to how frequently it will conduct future non-binding stockholder advisory votes on the compensation
of its named executive officers. No other changes have been made to the Original Filing.
As previously reported in the Original Filing,
at the 2023 Annual Meeting, the Company’s stockholders voted on, among other matters, a proposal regarding the frequency of future
stockholder non-binding advisory votes on the compensation of the Company’s named executive officers, commonly referred to as “say-on-pay”
votes. In addition, as previously reported in the Original Filing, a majority of the votes cast on the frequency proposal were cast in
favor of holding a “say-on-pay” vote every year.
The Company’s Board of Directors has
considered the outcome of this advisory vote and has determined, consistent with the stated preference of the Company’s stockholders,
that the Company will hold future advisory “say-on-pay” votes every year until the next required vote regarding the frequency
of stockholder advisory votes on executive compensation.
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.
|
AVID BIOSERVICES, INC. |
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Date: November 17, 2023 |
By: |
/s/ Daniel R. Hart |
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Daniel R. Hart |
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Chief Financial Officer |
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