Current Report Filing (8-k)

Date : 05/01/2019 @ 8:08PM
Source : Edgar (US Regulatory)
Stock : Akorn Inc (AKRX)
Quote : 1.31  0.0 (0.00%) @ 9:57AM

Current Report Filing (8-k)

 

 

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): May 1, 2019

 

  Akorn, Inc.  

(Exact name of registrant as specified in charter)

 

Louisiana

001-32360

72-0717400

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

1925 W. Field Court, Suite 300, Lake Forest, Illinois 60045

(Address of Principal Executive Offices) (Zip Code)

 

(847) 279-6100

(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 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))

 

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 Securities Act. ☐

  

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

 The Company held its 2019 Annual Meeting of Shareholders on May 1, 2019.  The voting results on the proposals considered at the Annual Meeting are provided below.

 

Proposal 1: Each of the nominees described in the Company’s 2019 proxy statement was elected to serve as a director until the conclusion of the Company’s 2020 Annual Meeting of Shareholders or until his or her successor is duly elected and qualified, with the voting results as follows:

 

  FOR   WITHHELD

BROKER

NON-VOTES

 
Kenneth Abramowitz 80,761,052   16,069,920 0  
Douglas Boothe 95,182,217   1,648,755 0  
Adrienne Graves 80,398,468   16,432,504 0  
Ronald Johnson 80,397,168   16,433,804 0  
Steven Meyer 79,678,028   17,152,944 0  
Thomas Moore 95,124,431   1,706,541 0  
Terry Allison Rappuhn 80,048,848   16,782,124 0  
Brian Tambi 94,753,240   2,077,732 0  
Alan Weinstein 93,557,765   3,273,207 0  

 

 

 

 

Proposal 2: The Company’s appointment of BDO USA LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2019 was ratified, with the voting results as follows:

 

FOR AGAINST ABSTENTIONS

BROKER

NON-VOTES

113,164,973 523,651 225,456 0

 

 

Proposal 3: The Company’s amendment to its 2017 Omnibus Incentive Compensation Plan to increase the total number of shares authorized for issuance under the plan by 4,400,000 shares from 8,000,000 to 12,400,000 shares was approved, with the voting results as follows:

 

FOR AGAINST ABSTENTIONS

BROKER

NON-VOTES

92,254,386 4,526,424 50,162 17,083,108

 

Proposal 4: The Company’s executive compensation program described in its 2019 proxy statement was approved on a non-binding advisory basis, with the voting results as follows:

 

FOR AGAINST ABSTENTIONS

BROKER

NON-VOTES

92,028,322 4,643,288 159,362 17,083,108

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Akorn, Inc.  
       
       
    By: /s/ Duane Portwood  
      Duane Portwood  
      Chief Financial Officer  
         
Date:   May 1, 2019      

 

 

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