Pressure BioSciences, Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On April 18, 2024, Pressure BioSciences, Inc. (the “Company”) held a special meeting in lieu of the annual meeting of stockholders (the “Meeting”). At the Meeting, the stockholders voted on the following proposals described in detail in the Company’s definitive proxy statement for the Meeting filed with the Securities and Exchange Commission on February 27, 2024. As of the record date for the Meeting, there were 28,372,923 shares of the Company’s common stock, par value $0.01 per share, issued and outstanding and entitled to one vote for each share held. The holders of 54.71% of the Company’s shares of common stock outstanding (15,523,934) submitted votes by proxy or in person at the Meeting, constituting a quorum.
Proposal 1 - Elect one director as a Class III Director until the 2026 Annual Meeting of Stockholders. The election of the director was approved as follows:
| Nominee | For | Against | Shares voted Withhold | Broker Non-Votes | ||||||||||||
| Richard T. Schumacher | 7,109,810 | 1,638,664 | 533,157 | 6,242,303 | ||||||||||||
Proposal 2 - Ratify the appointment of MaloneBailey LLP as the Company’s independent auditor for fiscal year 2023. The ratification of the appointment of MaloneBailey LLP as the Company’s independent auditor for fiscal year 2023 was approved as follows:
| Shares voted | ||||
| For | 13,900,704 | |||
| Against | 787,086 | |||
| Abstain | 836,144 | |||
| Broker Non-Votes | 0 | |||
Proposal 3 – Approve the Pressure BioSciences, Inc. 2024 Equity Incentive Plan. The Pressure BioSciences, Inc. 2024 Equity Incentive Plan was approved as follows:
| Shares voted | ||||
| For | 6,474,213 | |||
| Against | 2,696,003 | |||
| Abstain | 111,415 | |||
| Broker Non-Votes | 6,242,303 | |||
Proposal 4 – Approval, on an advisory basis, of a non-binding resolution to approve the compensation of our named executive officers. The non-binding resolution was approved as follows:
| Shares voted | ||||
| For | 5,961,481 | |||
| Against | 2,337,936 | |||
| Abstain | 982,214 | |||
| Broker Non-Votes | 6,242,303 | |||
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.
| PRESSURE BIOSCIENCES, INC. | ||
| Dated: April 22, 2024 | By: | /s/ Richard T. Schumacher |
Richard T. Schumacher President and Chief Executive Officer | ||