acrx20220722_8ka.htm
Form 8-K/A date of report 07-15-22 true 0001427925 0001427925 2022-07-15 2022-07-15
 

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K/A
 
(Amendment No. 1)
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 15, 2022
 
ACELRX PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
001-35068
 
41-2193603
(State of incorporation)
 
(Commission File No.)
 
(IRS Employer Identification No.)
 
25821 Industrial Blvd., Suite 400
Hayward, CA 94545
(Address of principal executive offices and zip code)
 
Registrant’s telephone number, including area code: (650) 216-3500
 
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):
 
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))
 
Securities registered pursuant to Section 12(b) of the Act
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.001 par value
ACRX
The Nasdaq Global Market
 
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 Exchange Act. ☐
 
 

 
 
EXPLANATORY NOTE
 
On July 15, 2022, AcelRx Pharmaceuticals, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Report”) with the Securities and Exchange Commission to report, among other things, the voting results from the Company’s previously adjourned 2022 Annual Meeting of Stockholders (“Annual Meeting”) held on July 15, 2022, including, among other matters, Proposal 4, the stockholder vote to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 200 million to 300 million shares. This Amendment No. 1 to Current Report on Form 8-K/A amends Item 5.07 of the Original Report to disclose the final voting results with respect to Proposal 4 described under Item 5.07 below.
 
In accordance with Rule 12b-15 of the Securities Exchange Act of 1934, as amended, the complete text of Item 5.07 of the Original Report, as amended hereby, is set forth below.
 
Item 5.07. Submission of Matters to a Vote of Security Holders.
 
The Annual Meeting of the Company was held on July 15, 2022. Proxies for the Annual Meeting were solicited by the Board of Directors of the Company (the “Board”) pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to the Board’s solicitation. There were 147,116,132 shares of common stock entitled to vote at the Annual Meeting. A total of 85,818,978 shares were present at the Annual Meeting on July 15, 2022 in person or by proxy, and a total of 87,625,583 shares were present at the reconvened Annual Meeting on July 22, 2022 in person or by proxy. The final votes on the proposals presented at the Annual Meeting were as follows:
 
Proposal 1: Election of Directors
 
Vincent J. Angotti, Stephen J. Hoffman, M.D., Ph.D. and Pamela P. Palmer, M.D., Ph.D. were elected as Class II directors to hold office until the 2025 Annual Meeting of Stockholders by the following vote:
 
Nominee
 
For
   
Withheld
   
Broker Non-Votes
 
Vincent J. Angotti
    34,910,467       11,499,175       39,409,336  
Stephen J. Hoffman, M.D., Ph.D.
    36,208,416       10,201,226       39,409,336  
Pamela P. Palmer, M.D., Ph.D.
    37,645,964       8,763,678       39,409,336  
 
Proposal 2: Ratification of the Selection of Independent Registered Public Accounting Firm
 
The selection by the Audit Committee of the Board of WithumSmith+Brown, PC as our independent registered public accounting firm for the year ending December 31, 2022 was ratified by the following vote:
 
For
   
Against
   
Abstain
 
81,188,023       3,525,987       1,104,968  
 
Proposal 3: Approval, on an Advisory Basis, of the Compensation of the Companys Named Executive Officers
 
The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s Proxy Statement was approved by the following vote:
 
For
   
Against
   
Abstain
 
31,558,701       13,310,245       39,409,336  
 
At the time of the Annual Meeting, there were insufficient votes to pass Proposal 4, which sought to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 200 million to 300 million shares. As announced during the Annual Meeting on July 15, 2022, the Annual Meeting was set to reconvene at 10:00 a.m. Pacific Time on July 22, 2022. Due to public health concerns arising from the COVID-19 pandemic, the reconvened Annual Meeting was completely virtual and conducted via live webcast. The Company’s stockholders of record as of the close of business on the original record date of May 25, 2022, were able to attend the reconvened Annual Meeting by visiting the same virtual meeting link and using the same access code that was used for the other portions of the meeting, where they were be able to listen to the meeting live, submit questions and vote online. During the period of adjournment, stockholders who were voting by proxy could vote or revoke or change their vote as to Proposal 4 to be considered at the reconvened meeting until then.
 
 

 
Proposal 4: Approval of an amendment to the Companys Amended and Restated Certificate of Incorporation to Increase the Number of Authorized Shares of Common Stock from 200 Million to 300 Million Shares.
 
During the reconvened Annual Meeting on July 22, 2022, as Proposal 4 did not receive the affirmative vote of the holders of a majority of the outstanding shares common stock, the proposal did not pass. The results of the voting for this proposal were as follows:
 
For
   
Against
   
Abstain
 
59,959,078       26,394,108       1,272,397  
 
 

 
 
SIGNATURE
 
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: July 25, 2022
   
     
   
ACELRX PHARMACEUTICALS, INC.
     
     
 
By:
/s/ Raffi Asadorian
 
Name:
Raffi Asadorian
 
Title:
Chief Financial Officer