Current Report Filing (8-k)
September 06 2019 - 6:03AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
September 5, 2019
SYNTHETIC
BIOLOGICS, INC.
(Exact name of registrant as specified in
its charter)
Nevada
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001-12584
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13-3808303
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(State or other jurisdiction of incorporation)
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(Commission File No.)
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(I.R.S. Employer Identification No.)
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9605 Medical Center Drive, Suite 270
Rockville, Maryland 20850
(Address of principal executive offices)
(301) 417-4364
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
(see General Instruction A.2. below):
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common stock, par value $0.001 per share
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SYN
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NYSE American
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Indicate by check mark whether the registrant
is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by checkmark 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.
Amendment to the 2010 Incentive Stock
Plan
On September 5, 2019, the stockholders
of Synthetic Biologics, Inc. (the “Company”) approved an amendment to the Company’s 2010 Stock Incentive Plan
(the “Plan”) to increase the total number of shares of stock that the Company has the authority to issue under the
Plan by 3,000,000 from a total of 1,000,000 to 4,000,000. The amendment to the Plan became effective upon such stockholder approval
(see Item 5.07 below). A description of the Plan is set forth in the Company’s definitive proxy statement, dated July 15,
2019 (the “Proxy Statement”), for its 2019 Annual Meeting of Stockholders (the “Annual Meeting”), in the
section captioned “PROPOSAL 3. APPROVAL OF AN AMENDMENT TO OUR 2010 STOCK INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES
OF COMMON STOCK THAT WE WILL HAVE AUTHORITY TO GRANT UNDER THE PLAN BY 3,000,000,” which is incorporated herein by reference
and qualified in its entirety by reference to a copy of the Plan (as amended) attached to the Proxy Statement as Appendix A.
Item 5.07. - Submission of Matters to
a Vote of Security Holders.
On September 5, 2019, the Company held
its Annual Meeting, at which a quorum was present. At the Annual Meeting, stockholders of record as of the close of business on
July 9, 2019 voted on the following proposals and cast their votes as described below. These matters are described in detail in
the Proxy Statement.
The number of votes cast for and against
and if applicable, the number of withheld/abstentions and broker non-votes with respect to each matter voted upon, are set forth
below.
Proposal 1 — Election of Directors.
The stockholders elected the following
four individuals as directors, to serve until the next Annual Meeting of Stockholders and until their successors are duly elected
and qualified, with the following votes:
Name of Director
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Votes For
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Withheld
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Broker Non-Votes
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Jeffrey J. Kraws
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3,043,158
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457,193
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10,373,454
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Steven A. Shallcross
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3,089,502
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410,849
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10,373,454
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Scott L. Tarriff
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3,015,836
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484,515
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10,373,454
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Jeffrey Wolf
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2,970,759
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529,592
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10,373,454
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Proposal 2 — Ratification of the
appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31,
2019.
The stockholders ratified the appointment
of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2019 based
on the votes listed below:
Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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13,057,135
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634,829
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181,841
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0
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Proposal 3 - Approval of an amendment to our 2010 Stock Incentive
Plan to increase the number of shares of common stock that we will have authority to grant under the Plan by 3,000,000 shares of
common stock.
The stockholders approved the amendment
to the Company’s 2010 Stock Incentive Plan based on the votes listed below:
Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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1,867,751
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1,607,967
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24,633
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10,373,454
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Proposal 4 – Approval, on an advisory
basis, the compensation of our named executive officers.
The stockholders approved a resolution,
on an advisory basis, regarding the Company’s executive compensation based on the votes listed below:
Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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2,063,867
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1,419,475
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17,009
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10,373,454
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Proposal 5 – Recommendation, on
an advisory basis, a three year frequency for holding an advisory vote on executive compensation.
The stockholders selected “three
years” as the frequency of the advisory vote on executive compensation. Taking into consideration the votes of the stockholders
set forth below, the Company’s Board of Directors determined that an advisory vote on executive compensation will be held
every three years until the next advisory vote on the frequency of future stockholder advisory votes on executive compensation.
One Year
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Two Years
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Three Years
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Abstentions
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Broker Non-Votes
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1,414,855
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247,763
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1,694,191
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143,542
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10,373,454
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Item 9.01 Financial Statements and Exhibits.
(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 hereunto duly authorized.
Date: September 6, 2019
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SYNTHETIC BIOLOGICS, INC.
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By:
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/s/ Steven Shallcross
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Name:
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Steven Shallcross
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Title:
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Chief Executive Officer and Chief Financial Officer
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