Additional Proxy Soliciting Materials (definitive) (defa14a)
February 06 2020 - 5:09PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934 (Amendment No. __ )
Filed by the Registrant þ
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Filed by a Party other than the Registrant o
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Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Under Rule 14a-12
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iBio, Inc.
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(Name of Registrant as Specified in Its Charter)
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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Payment of Filing Fee (Check the appropriate box):
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No fee required
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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(1)
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Amount previously paid:
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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February 6,
2020
NOTICE OF POSTPONEMENT OF 2019 ANNUAL
MEETING OF STOCKHOLDERS AND SUPPLEMENT TO NOTICE OF 2019 ANNUAL MEETING OF STOCKHOLDERS
AND DEFINITIVE PROXY STATEMENT DATED
JANUARY 23, 2020
This notice relates to the 2019 annual
meeting (the “2019 Annual Meeting”) of stockholders of iBio, Inc. (the “Company,” “we,” or
“us”) and amends and supplements the related Definitive Proxy Statement filed with the Securities and Exchange Commission
on January 23, 2020 (the “Proxy Statement”).
The 2019 Annual Meeting originally scheduled
to be held on Monday, February 10, 2020, has been postponed and will now be held on March 5, 2020, at 9:30 a.m. local time at
The Omni Berkshire Place Hotel, 21 East 52nd Street, New York, New York 10022.
No changes have been made to the record
date, the location of the meeting or the proposals to be brought before the Annual Meeting, which are presented in the Proxy Statement.
We decided to postpone the Annual Meeting
after becoming aware that the Proxy Statement was not timely delivered to beneficial holders of our common stock before the originally
scheduled meeting date. The Annual Meeting has been postponed to March 5, 2020 to ensure that all holders receive materials required
by the proxy rules under the Securities Exchange Act of 1934, as amended, and the requirements under Schedule 14A.
You can cast your vote at the Annual Meeting
and any adjournments or further postponements thereof if the Company’s records show that you were a holder of record as of
the close of business on January 13, 2020, the record date for the Annual Meeting.
This notice is first being mailed to stockholders of the Company
on or about February 6, 2020.
If you have already submitted a proxy and
do not wish to change your vote, you do not need to take any further action and your shares will be voted as originally directed
by you. If you have already submitted your proxy and wish to change your vote, you may change your vote or revoke your proxy at
any time before it is voted at the meeting by following the instructions provided in the proxy card and Proxy Statement previously
mailed to you.
This notice also corrects information contained
in the Proxy Statement relating to the “broker non-vote” voting rules that apply to Proposal 5 to approve an amendment
to our Certificate of Incorporation, as amended, to effect a reverse stock split of our Common Stock, $0.001 par value per share,
at a ratio not less than one-for-five (1:5) and not greater than one-for-twenty-five (1:25), with the exact ratio to be publicly
announced and set within that range at the discretion of our Board of Directors before filing of the amendment effecting the proposed
reverse stock split without further approval or authorization of our stockholders. The Proxy Statement stated that with respect
to Proposal 5, a broker who has received no instructions from its clients does not have discretion to vote its clients’ uninstructed
shares on that proposal, thus resulting in a broker non-vote with respect to such uninstructed shares (such proposals being commonly
referred to as “non-routine” matters). The Company has since determined that Proposal 5 is a “routine”
matter and that a broker who has received no instructions from its clients will have discretion to vote its clients’ uninstructed
shares on Proposal 5.
We urge you to read the Proxy Statement
and this notice and supplement in their entirety. Except as specifically supplemented by the information contained herein, all
information set forth in the Proxy Statement remains unchanged, and all voting requirements otherwise remain the same. From and
after the date of this notice of proxy statement supplement, all references to the “Proxy Statement” are to the Proxy
Statement as supplemented hereby.
The Notice of Annual Meeting of Stockholders,
the Proxy Statement, the Company’s Annual Report on Form 10-K for the year ended June 30, 2019 and this Notice of Postponement
are available electronically to the Company’s stockholders of record as of the close of business on January 13, 2020 at https://www.cstproxy.com/ibioinc/2019.
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By Order of
the Board of Directors
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Robert B. Kay
Executive Chairman and Chief Executive Officer
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5.
Approval of an amendment to the Company’s Certificate of Incorporation, as amended, to effect a reverse stock split of its
Common Stock, $0.001 par value per share, at a ratio not less than one-for-five (1:5) and not greater than one-for-twenty five
(1:25), with the exact ratio to be publicly announced and set within that range at the discretion of the Board of Directors before
filing of the amendment effecting the proposed reverse stock split without further approval or authorization of the Company’s
stockholders. FOLD AND DETACH HERE AND READ THE REVERSE SIDE YOUR VOTE IS IMPORTANT. PLEASE VOTE TODAY. iBIO,
INC. 2019 Annual Meeting of Stockholders March 5, 2020 9:30 A.M. local time This Proxy is Solicited on Behalf of the Board of
Directors Please Be Sure To Mark, Sign, Date and Return Your Proxy Card in the Envelope Provided PROXY The board of directors
recommends a vote “FOR” each of the director nominees. Please mark your votes like this X FOR AGAINST ABSTAIN FOR
AGAINST ABSTAIN FOR AGAINST ABSTAIN IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE 2019 ANNUAL MEETING AND ANY ADJOURNMENT OR POSTPONEMENT THEREOF. ATTENDANCE OF THE UNDERSIGNED AT THE ANNUAL MEETING
OR ANY ADJOURNMENT OR POSTPONEMENT THEREOF WILL NOT BE DEEMED TO REVOKE THIS PROXY UNLESS THE UNDERSIGNED SPECIFICALLY REVOKES
THIS PROXY BEFORE IT IS EXERCISED. FOR all Nominees listed to the left WITHHOLD AUTHORITY to vote for the following nominee(s)
1. Election of Class II Directors. Nominees: Glenn Chang Philip K. Russell, M.D. (Instructions: To withhold authority to vote
for any nominee or nominees, mark the ‘‘WITHHOLD AUTHORITY’’ box and write the name of the nominee or
nominees in the space provided above.) 2. Ratification of Selection of CohnReznick LLP as the Company’s independent registered
public accounting firm for the fiscal year ending June 30, 2020. Signature_________________________________________________ Signature____________________________________________________
Date____________, 2020. Please sign exactly as your name appears on the left. When signing as an attorney, executor, administrator,
trustee or guardian, please give your full title. If shares are held jointly, each holder should sign. The board of directors
recommends a vote “FOR” proposals 2, 3, 5 and 6 and in favor of one year for proposal 4. PLEASE CHECK HERE IF YOU
PLAN TO ATTEND THE 2019 ANNUAL MEETING 15489_BIO_PROXY_CARD REV1 Front 3. Approval of, on an advisory basis, the compensation
of our named executive officers (“say-on-pay”). 4. Recommendation of the frequency of advisory vote on the compensation
of named executive officers. CONTROL NUMBER 1 YEAR 2 YEARS 3 YEARS ABSTAIN 6. Approval of an amendment to the Company’s
2018 Omnibus Equity Incentive Plan to increase the number of shares of our common stock authorized for issuance thereunder from
3.5 million shares to 6.5 million shares and to incorporate changes to include restricted stock units and performance-based awards
as grant types issuable under the 2018 Omnibus Equity Incentive Plan. FOR AGAINST ABSTAIN
IMPORTANT NOTICE
REGARDING THE AVAILABILITY OF PROXY MATERIALS: THE NOTICE OF ANNUAL MEETING OF STOCKHOLDERS, THE PROXY STATEMENT AND THE COMPANY’S
ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED JUNE 30, 2019 ARE AVAILABLE ELECTRONICALLY TO THE COMPANY’S STOCKHOLDERS OF
RECORD AS OF THE CLOSE OF BUSINESS ON JANUARY 13, 2020, AT HTTPS://WWW.CSTPROXY.COM/IBIOINC/2019 iBio, Inc. 2019 Annual Meeting
of Stockholders — March 5, 2020 PROXY THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby
appoints Robert B. Kay and Robert L. Erwin, and each of them, proxies, with full power of substitution, to appear on behalf of
the undersigned and to vote all shares of common stock (par value $0.001) (‘‘common stock’’) of iBio,
Inc. (the ‘‘Company’’) that the undersigned is entitled to vote at the 2019 Annual Meeting of Stockholders
of the Company to be held at Omni Berkshire Place Hotel, 21 East 52nd Street, New York, New York, on March 5, 2020, commencing
at 9:30 a.m. (local time), and at any adjournment or postponement thereof. WHEN PROPERLY EXECUTED, THIS PROXY WILL BE VOTED AS
DIRECTED, BUT IF NO INSTRUCTIONS ARE SPECIFIED, THIS PROXY WILL BE VOTED FOR THE ELECTION OF ALL LISTED NOMINEES AS DIRECTORS
AND IN FAVOR OF PROPOSALS 2, 3, 5 AND 6 AND IN FAVOR OF ONE YEAR FOR PROPOSAL 4. 15489_BIO_PROXY_CARD REV1Back (Continued and
to be marked, dated and signed, on the other side)
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