Form 8-K - Current report
13 June 2024 - 7:00AM
Edgar (US Regulatory)
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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): June 11, 2024
CINGULATE
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40874 |
|
86-3825535 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
1901
W. 47th Place
Kansas
City, KS 66205
(Address
of principal executive offices) (Zip Code)
(913)
942-2300
(Registrant’s
telephone number, including area code)
(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 (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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of
each class |
|
Trading
Symbol(s) |
|
Name of
exchange on which registered |
Common
Stock, par value $0.0001 per share |
|
CING |
|
The
Nasdaq Stock Market LLC
(Nasdaq
Capital Market) |
Warrants,
exercisable for one share of common stock |
|
CINGW |
|
The
Nasdaq Stock Market LLC
(Nasdaq
Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
At
the Cingulate Inc. (the “Company”) 2024 Annual Meeting of Stockholders held on June 11, 2024 (the “Annual Meeting”),
the Company’s stockholders approved Amendment No. 1 to the Cingulate Inc. 2021 Omnibus Equity Incentive Plan (the “Equity
Plan”) to increase the number of shares of common stock authorized for issuance thereunder by 1,250,000 shares (the “Amendment”).
The board of directors of the Company had previously approved the Amendment, subject to stockholder approval, and the Amendment became
effective upon such stockholder approval.
A
copy of the Amendment is included with this Form 8-K as Exhibit 10.1 and is incorporated herein by reference, and the foregoing summary
is qualified in its entirety by reference to the terms and provisions of the Amendment.
Item
5.07. Submission of Matters to a Vote of Security Holders.
At
the Annual Meeting, three proposals were submitted to the Company’s stockholders. The final voting results were as follows:
Proposal
1
The
Company’s stockholders elected the following Class III directors to serve for a term expiring at the 2027 annual meeting of stockholders
and until their successors have been duly elected.
Name |
|
For |
|
Withhold |
|
Broker
Non-Votes |
Shane J. Schaffer |
|
1,908,630 |
|
46,469 |
|
1,554,516 |
Bryan Lawrence |
|
1,926,587 |
|
28,512 |
|
1,554,516 |
Proposal
2
The
Company’s stockholders approved the ratification of the appointment of KPMG LLP as the Company’s independent registered public
accounting firm for the year ending December 31, 2024.
For |
|
Against |
|
Abstain |
|
Broker
Non-Votes |
3,484,040 |
|
18,724 |
|
6,851 |
|
0 |
Proposal
3
The
Company’s stockholders approved the Amendment to the Equity Plan to increase the number of shares of common stock authorized for
issuance thereunder by 1,250,000 shares to 1,506,926 shares.
For |
|
Against |
|
Abstain |
|
Broker
Non-Votes |
1,743,052 |
|
198,328 |
|
13,719 |
|
1,554,516 |
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURE
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.
|
CINGULATE INC. |
|
|
|
Dated: June 12, 2024 |
By: |
/s/
Shane J. Schaffer |
|
Name: |
Shane
J. Schaffer |
|
Title: |
Chief Executive Officer |
Exhibit
10.1
AMENDMENT
No. 1 TO THE CINGULATE INC. 2021 OMNIBUS
EQUITY
INCENTIVE PLAN
This
first Amendment (the “Amendment”) to the Cingulate Inc. 2021 Omnibus Equity Incentive Plan (the “Plan”)
of Cingulate Inc. (the “Company”), is made as of March 4, 2024. All capitalized terms used but not defined in this
Amendment shall have the meanings assigned to such terms in the Plan.
W
I T N E S S E T H:
WHEREAS,
Section 17.2 of the Plan reserves to the Board of Directors of the Company (the “Board”) the right to amend the Plan
from time to time;
WHEREAS,
the Board desires to increase the number of shares of Common Stock reserved for issuance under the Plan from 256,926 shares to 1,506,926
shares, subject to approval by the Company’s stockholders.
NOW,
THEREFORE, be it effective as of the date of approval by the Company’s stockholders, the Plan is hereby amended as follows:
| 1. | Amendment
to Section 4.1. Section 4.1(a) of the Plan is hereby amended and restated in its entirety,
to read as follows: |
|
(a) |
Subject
to adjustment pursuant to Section 4.3 and any other applicable provisions hereof, the maximum aggregate number of shares of
Common Stock, which may be issued under all Awards granted to Participants under the Plan, shall be 1,506,926 shares.
|
| 2. | This
Amendment shall be subject to approval by the stockholders of the Company within 12 months
after the date this Amendment is adopted. Such stockholder approval shall be obtained in
the manner and to the degree required under applicable laws. Notwithstanding any provision
in the Plan to the contrary, exercise of any Option granted for shares of Common Stock in
excess of those remaining available for grant under the Plan in the absence of such Amendment
before the Company has obtained stockholder approval of this Amendment in accordance with
this Section 2 shall be conditioned upon obtaining such stockholder approval of this Amendment
in accordance with this Section 2. |
| 3. | Except
as set forth herein, the Plan shall remain in full force and effect without modification. |
IN
WITNESS WHEREOF, the undersigned officer hereby certifies that the foregoing amendment to the Plan was duly adopted and approved
by the Board.
Dated:
March 4, 2024 |
|
CINGULATE
INC. |
|
|
|
|
|
/s/
Shane J. Schaffer |
|
Name: |
Shane J. Schaffer |
|
Title: |
Chairman and Chief Executive Officer |
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|
Jun. 11, 2024 |
Document Type |
8-K
|
Amendment Flag |
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|
Document Period End Date |
Jun. 11, 2024
|
Entity File Number |
001-40874
|
Entity Registrant Name |
CINGULATE
INC.
|
Entity Central Index Key |
0001862150
|
Entity Tax Identification Number |
86-3825535
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
1901
W. 47th Place
|
Entity Address, City or Town |
Kansas
City
|
Entity Address, State or Province |
KS
|
Entity Address, Postal Zip Code |
66205
|
City Area Code |
(913)
|
Local Phone Number |
942-2300
|
Written Communications |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
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|
Elected Not To Use the Extended Transition Period |
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|
Common Stock, par value $0.0001 per share |
|
Title of 12(b) Security |
Common
Stock, par value $0.0001 per share
|
Trading Symbol |
CING
|
Security Exchange Name |
NASDAQ
|
Warrants, exercisable for one share of common stock |
|
Title of 12(b) Security |
Warrants,
exercisable for one share of common stock
|
Trading Symbol |
CINGW
|
Security Exchange Name |
NASDAQ
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