Current Report Filing (8-k)
September 24 2020 - 4:11PM
Edgar (US Regulatory)
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
September
22, 2020
Date
of Report (Date of earliest event reported)
PETVIVO
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
000-55167
|
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99-0363559
|
(State
or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
|
5251
Edina Industrial Blvd
Edina,
Minnesota
|
|
55439
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
(952)
405-6216
Registrant’s
telephone number, including area code
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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
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PETV
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OTCQB
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Item
5.07. Submission of Matters to a Vote of Security Holders
At
a Regular Meeting of Stockholders (the “Meeting”) of PetVivo Holdings, Inc (the “Company”) held on September
22, 2020, the stockholders of the Company voted on the following four proposals, and each of these proposals was approved by stockholders
holding a majority of outstanding common stock of the Company.
Proposal
One – Approval of Reverse Stock Split
The
stockholders approved a future amendment to our Articles of Incorporation at the discretion of our board of directors to effect
a reverse stock split of outstanding common stock of the Company, at a reverse split ratio ranging from any whole number between
one-for-two to one-for-sixteen as selected by our board of directors, based on the following votes of our stockholders:
For
|
|
Against
|
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Abstain
|
16,589,731
shares
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61,027
shares
|
|
None
|
Proposal
Two – Increase in Authorized Common Stock
The
stockholders approved another amendment to our Articles of Incorporation to effect, but only if Proposal One is implemented by
our board of directors, an increase in the total number of authorized shares of our common stock to 250 million common shares,
based on the following votes of our stockholders:
For
|
|
Against
|
|
Abstain
|
14,446,444
shares
|
|
61,027
shares
|
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2,143,287
shares
|
Proposal
Three – Approval of 2020 Equity Incentive Plan
The
stockholders approved our proposed 2020 PetVivo Holdings, Inc. Equity Incentive Plan to provide future equity participation in
the Company for qualified key employees and other valuable service providers, based on the following votes of our stockholders:
For
|
|
Against
|
|
Abstain
|
16,589,731
shares
|
|
61,027
shares
|
|
None
|
Proposal
Four – Ratification of Independent Auditors
The
stockholders approved the proposed ratification of our selection of Assurance Dimensions to serve as our independent auditors
for our fiscal year ending March 31, 2021, based on the following votes of our stockholders:
For
|
|
Against
|
|
Abstain
|
16,589,731
shares
|
|
61,027
share
|
|
None
|
The
above four proposals submitted to vote of our security holders at the Meeting are described in detail in the Company’s definitive
Information Statement for the Meeting which was filed with the Securities and Exchange Commission on September 1, 2020. Having
received the approval of our stockholders at the Meeting, our board of directors now has the discretion to determine if and when
to effect a reverse stock split and the reverse stock split ratio. The Company will promptly announce any future determination
by our board of directors on these matters.
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.
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PETVIVO
HOLDINGS, INC.
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|
|
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Date:
September 24, 2020
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By:
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/s/
John Lai
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Name:
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John
Lai
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Title:
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Chief
Executive Officer
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