PetMed Express Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$PETS
Retail-Drug Stores and Proprietary Stores
Consumer Staples
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): September 27, 2024
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(561 ) 526-4444
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Not Applicable
(Former name or former address, if changed since last report)
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 27, 2024, the Board of Directors of PetMed Express, Inc. (the “Company”) adopted the PetMed Express, Inc. 2024 Inducement Incentive Plan (the “Inducement Plan”) pursuant to which the Company reserved 350,000 shares of common stock, par value $0.0001 per share, of the Company’s common stock (subject to the adjustment provisions of the Inducement Plan) for the issuance of equity awards granted under the Inducement Plan.
The Inducement Plan was adopted without stockholder approval pursuant to Rule 5635(c)(4) of the Nasdaq Stock Market LLC’s (“Nasdaq”) Listing Rules. The Inducement Plan provides for the grant of equity-based awards, including nonstatutory stock options, restricted stock, restricted stock units, and performance stock awards, and its terms are substantially similar to the PetMed Express, Inc. 2024 Omnibus Incentive Plan, with the exception that incentive stock options may not be issued under the Inducement Plan and awards under the Inducement Plan may only be issued to eligible recipients under the applicable Nasdaq Listing Rules.
A copy of the Inducement Plan and related forms of award agreements under the Inducement Plan are attached as exhibits to this Current Report on Form 8-K and incorporated by reference herein. The above description of the Inducement Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Inducement Plan.
An RSU grant from the Inducement Plan was made by the Company to Robyn D’Elia, the Company’s Chief Financial Offer, on September 27, 2024.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |||||||
10.1 | ||||||||
10.1.1 | ||||||||
10.1.2 | ||||||||
10.1.3 | ||||||||
10.1.4 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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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.
Dated: September 27, 2024
| PETMED EXPRESS, INC. | ||||||||
| By: | /s/ Sandra Y. Campos | |||||||
| Name: | Sandra Y. Campos | |||||||
| Title: | Chief Executive Officer and President | |||||||
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