Form 8-K - Current report
31 July 2024 - 10:00PM
Edgar (US Regulatory)
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0001686850
0001686850
2024-07-25
2024-07-25
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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): July 25, 2024
MOTUS
GI HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38389 |
|
81-4042793 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
1301
East Broward Boulevard, 3rd Floor
Ft.
Lauderdale, FL |
|
33301 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (954) 541-8000
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 (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 each exchange on which registered |
Common
Stock, $0.0001 par value per share |
|
MOTS |
|
OTCQB
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
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
July 31, 2024, Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden resigned from the Board of Directors (the
“Board”) of Motus GI Holdings, Inc. (the “Company”). Additionally, Mark Pomeranz resigned
from his role as Chief Executive Officer of the Company. Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden did
not resign from their positions over any disagreements with the Company’s Board or management.
Effective
immediately upon the effectiveness of such departures, the Board appointed Jeff Varsalone as sole director and President of the Company
for the purpose of assisting with the wind-down of the Company’s business affairs to the fullest extent permitted by law.
Item
5.07 Submission of Matters to a Vote of Security Holders.
On
July 25, 2024, the Company held a special meeting of its stockholders (the “Special Meeting”) to vote on the
two proposals described in detail in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission
on June 26, 2024 and mailed to the Company’s stockholders on or about such date (the
“Proxy Statement”).
As
disclosed in the Proxy Statement, as of the close of business on June 17, 2024, the record date for the Special Meeting, there were 6,388,876
shares of the Company’s common stock outstanding and entitled to vote at the Special Meeting. A total of 1,799,407 shares
of the Company’s common stock, representing approximately 28.16% of the shares outstanding and entitled to vote, were represented
in person or by valid proxies at the Special Meeting. Thus, there were insufficient votes represented in person or by valid proxies to
constitute a quorum for the transaction of business at the Special Meeting. The Special Meeting will not be further adjourned.
Item
8.01 Other Events.
On
July 31, 2024, the Board approved the wind-down of the Company’s affairs to the fullest extent permitted by law.
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.
|
MOTUS
GI HOLDINGS, INC. |
|
|
|
Date:
July 31, 2024 |
By: |
/s/
Mark Pomeranz |
|
Name: |
Mark
Pomeranz |
|
Title: |
Chief
Executive Officer |
v3.24.2
Cover
|
Jul. 25, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jul. 25, 2024
|
Entity File Number |
001-38389
|
Entity Registrant Name |
MOTUS
GI HOLDINGS, INC.
|
Entity Central Index Key |
0001686850
|
Entity Tax Identification Number |
81-4042793
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
1301
East Broward Boulevard
|
Entity Address, Address Line Two |
3rd Floor
|
Entity Address, City or Town |
Ft.
Lauderdale
|
Entity Address, State or Province |
FL
|
Entity Address, Postal Zip Code |
33301
|
City Area Code |
(954)
|
Local Phone Number |
541-8000
|
Written Communications |
false
|
Soliciting Material |
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|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
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|
Title of 12(b) Security |
Common
Stock, $0.0001 par value per share
|
Trading Symbol |
MOTS
|
Entity Emerging Growth Company |
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