Current Report Filing (8-k)
May 01 2019 - 04:23PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
April 29, 2019
(Date
of the earliest event reported)
Simulations
Plus, Inc.
(Exact
name of registrant as specified in its charter)
California
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001-32046
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95-4595609
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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42505 10
th
Street West,
Lancaster, California 93534-7059
(Address
of principal executive offices) (Zip Code)
661-723-7723
Registrant's
telephone number, including area code
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 14z-12 under Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))
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
Appointment of Director
On May 1, 2019, the Nominating Committee
of Simulation Plus, Inc.’s (the “Company”) Board of Directors (the “Board”) nominated Dr. Lisa LaVange
to the Board. The Board unanimously voted to appoint Dr. LaVange to join the Board effective May 1, 2019. She will hold this position
until the next annual meeting of the Company’s shareholders or until her successor is elected and qualified, subject to her
earlier resignation or removal.
Dr. LaVange was chosen for her extensive
expertise with biostatistics and experience with academia, commercial organizations, and government regulators, including a senior
position at the U.S. Food and Drug Administration (FDA).
Dr. LaVange is expected to be named as
Chairman of the Compensation Committee and a member of the Audit Committee as well as the Nominating Committee of the Board.
There is no arrangement or understanding
between Dr. LaVange and any other person pursuant to which Dr. LaVange was selected as a director of the Company. Other than the
Company’s formal plan for compensating its directors for their services, whereby each independent director receives $2,500
per meeting of the Board attended, annual stock grants valuing $49,000, and an annual stipend of $11,000, there are no plans, contracts
or arrangements or amendments to any plans, contracts or arrangements entered into with Dr. LaVange in connection with her election
to the Board, nor are there any grants or awards made to Dr. LaVange in connection therewith. Dr. LaVange is not a participant
in, nor is she to be a participant in, any related-person transaction or proposed related-person transaction required to be disclosed
by Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
Resignation of Director
On April 29, 2019, Dr. Thaddeus H. Grasela,
resigned as a director from the Company, effective as of April 29, 2019.
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Item 7.01
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Regulation FD Disclosure
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On May 1, 2019, the Company announced the
appointment of Dr. LaVange to the Board. A copy of the press release issued by the Company announcing Dr. LaVange’s appointment
is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information set forth under Item 7.01
of this Current Report on Form 8-K (“Current Report”), including Exhibit 99.1 attached hereto, is being furnished and
shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act,
except as shall be expressly set forth by specific reference in such a filing. The information set forth in this Current Report
shall not be deemed an admission as to the materiality of any information in this report on Current Report that is required to
be disclosed solely to satisfy the requirements of Regulation FD.
This Current Report, including the disclosures
set forth herein, contains certain forward-looking statements that involve substantial risks and uncertainties. When used herein,
the terms "anticipates," "expects," "estimates," "believes" and similar expressions, as
they relate to us or our management, are intended to identify such forward-looking statements.
Forward-looking statements in this Current
Report or hereafter, including in other publicly available documents filed with the Securities and Exchange Commission (the "Commission"),
reports to the shareholders of Simulations Plus, Inc., a California corporation (the "Company" or "us," "our"
or "we") and other publicly available statements issued or released by us involve known and unknown risks, uncertainties
and other factors which could cause our actual results, performance (financial or operating) or achievements to differ from the
future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. Such
future results are based upon management's best estimates based upon current conditions and the most recent results of operations.
These risks include, but are not limited to, the risks set forth herein and in such other documents filed with the Commission,
each of which could adversely affect our business and the accuracy of the forward-looking statements contained herein. Our actual
results, performance or achievements may differ materially from those expressed or implied by such forward-looking statements.
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Item 9.01
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Financial Statements and Exhibits
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(d) Exhibits
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 thereunto duly authorized.
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SIMULATIONS PLUS, INC.
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May 1, 2019
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By:
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/s/ Shawn O’Connor
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Shawn O’Connor
Chief Executive Officer
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