Form 8-K - Current report
30 June 2023 - 6:15AM
Edgar (US Regulatory)
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2023-06-29
2023-06-29
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report: June 29, 2023
(Date
of earliest event reported)
TITAN PHARMACEUTICALS, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-13341 |
|
94-3171940 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
400 Oyster Point Blvd., Suite 505, South San Francisco, CA 94080
(Address
of principal executive offices, including zip code)
650-244-4990
(Registrant’s
telephone number, including area code)
Not
Applicable
(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 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 each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
TTNP |
|
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 (§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.
The
2023 Annual Meeting of Stockholders (the “Annual Meeting”) of the Company was held pursuant to notice on June 29, 2023, at
the offices of Olshan Frome Wolosky LLP located at 1325 Avenue of the Americas, 15th Floor, New York, New York 10019. As of the record
date, there were 15,016,295 shares of common stock outstanding and entitled to vote at the Annual Meeting. The total number of shares
of common stock voted in person or by proxy at the Annual Meeting was 8,285,664, shares, representing approximately 55.18% of the shares
of common stock outstanding and entitled to vote at the Annual Meeting.
Each
director nominee was elected and each other matter submitted to a vote of the Company’s stockholders at the Annual Meeting, as
described below, was approved by the requisite vote of the Company’s stockholders. The final voting results for each of the proposals
submitted to a vote of the stockholders of the Company at the Annual Meeting are set forth below. The proposals are described in detail
in the Proxy Statement, and are incorporated herein by reference.
Proposal
1 - The election of seven directors, to serve until the Company’s 2024 annual meeting of stockholders and until their
successors are duly elected and qualified.
Director Nominee |
|
Votes For | | |
Votes Withheld | |
Avraham Ben-Tzvi |
|
| 4,748,903 | | |
| 186,926 | |
Katherine Beebe DeVarney, Ph.D |
|
| 4,802,805 | | |
| 133,024 | |
Peter L. Chasey |
|
| 4,784,747 | | |
| 151,082 | |
Eric Greenberg |
|
| 4,789,800 | | |
| 146,029 | |
David E. Lazar |
|
| 4,808,453 | | |
| 127,376 | |
Matthew C. McMurdo |
|
| 4,807,061 | | |
| 128,768 | |
David Natan |
|
| 4,815,023 | | |
| 120,806 | |
Proposal
2 – Approval of amendments to the Titan Pharmaceuticals, Inc. 2015 Omnibus Equity Incentive Plan (the “2015 Plan”)
to (i) increase the number of shares issuable under the 2015 Plan and (ii) increase the number of shares of common stock that may be
granted as awards to any individual in a single year.
Votes For | | |
Votes Against | | |
Abstentions | |
| 4,701,137 | | |
| 207,589 | | |
| 27,103 | |
Proposal
3 - The advisory (non-binding) approval of the compensation of the Company's named executive officers.
Votes For | | |
Votes Against | | |
Abstentions | |
| 4,544,064 | | |
| 366,325 | | |
| 25,440 | |
Proposal
4 - The ratification of the appointment of WithumSmith+Brown, PC as the independent auditors for the fiscal year ending December
31, 2023.
Votes For | | |
Votes Against | | |
Abstentions | |
| 8,048,869 | | |
| 104,242 | | |
| 132,553 | |
For Proposals 1, 2 and 3, broker non-votes amounted to 3,349,835.
Item
9.01. Financial Statements and Exhibits.
Exhibit Number |
|
Description |
104 |
|
Cover
Page Interactive Data (embedded within the Inline XBRL document). |
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.
|
TITAN PHARMACEUTICALS, INC. |
|
|
|
|
By: |
/s/
David E. Lazar |
|
|
David
E. Lazar
Chief
Executive Officer |
Date: June
29, 2023
v3.23.2
Cover
|
Jun. 29, 2023 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jun. 29, 2023
|
Entity File Number |
001-13341
|
Entity Registrant Name |
TITAN PHARMACEUTICALS, INC.
|
Entity Central Index Key |
0000910267
|
Entity Tax Identification Number |
94-3171940
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
400 Oyster Point Blvd.
|
Entity Address, Address Line Two |
Suite 505
|
Entity Address, City or Town |
South San Francisco
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
94080
|
City Area Code |
650
|
Local Phone Number |
244-4990
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common
Stock, par value $0.001 per share
|
Trading Symbol |
TTNP
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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