UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter) |
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(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
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(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code (
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(Former name or former address, if changed since last report.)
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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
| Trading Symbol(s) |
| Name of each exchange on which registered |
Warrants to Purchase Common Stock |
| LEXXW |
| The The Nasdaq Capital 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. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders
On May 31, 2022 at 1:00 p.m. (Pacific Time), the Company held its annual shareholder meeting (the “Meeting”). There were 2,927,321 shares of the Company represented in person or by proxy at the Meeting, constituting 49.2% of the Company’s issued share capital as at April 4, 2022, being the record date of the Meeting. The matters voted upon at the Meeting and the final voting results are set forth below:
Matter Being Voted On |
| For |
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| Against/ Withheld |
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| Abstain |
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| Broker Non-Vote |
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| Percent Approved By1 |
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To Elect Chris Bunka as a director |
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| 1,708,178 |
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| 49,986 |
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| 0 |
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| 1,169,157 |
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| 97.15 | % |
To Elect John Docherty as a director |
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| 1,533,997 |
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| 224,167 |
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| 0 |
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| 1,169,157 |
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| 87.25 | % |
To Elect Nicholas Baxter as a director |
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| 1,485,669 |
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| 272,495 |
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| 0 |
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| 1,169,157 |
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| 84.5 | % |
To Elect Ted McKechnie as a director |
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| 1,689,378 |
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| 68,786 |
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| 0 |
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| 1,169,157 |
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| 96.1 | % |
To Elect Albert Reese Jr. as a director |
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| 1,697,646 |
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| 60,518 |
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| 0 |
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| 1,169,157 |
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| 96.56 | % |
To Appoint Davidson & Company LLP as Auditors |
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| 2,891,381 |
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| 13,634 |
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| 22,306 |
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| 0 |
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| 98.77 | % |
To Approve the Executive Compensation Issued for the 2021 Fiscal Year on an advisory non-binding basis |
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| 1,644,229 |
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| 86,673 |
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| 27,262 |
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| 1,169,157 |
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| 93.52 | % |
To Ratify the lawful actions of the directors for the past year |
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| 1,601,239 |
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| 126,568 |
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| 30,357 |
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| 1,169,157 |
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| 91.1 | % |
1 Percentage is calculated based on abstained votes being counted as a vote against the resolution.
All of the proposals are described in detail in the Company’s proxy statement filed with the Securities and Exchange Commission on April 13, 2022.
The next advisory vote on the executive compensation will take place at the Company’s 2025 annual meeting where the Company’s shareholders will also be given an opportunity to vote on the frequency of executive compensation approval.
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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.
LEXARIA BIOSCIENCE CORP. |
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/s/ Chris Bunka |
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Chris Bunka |
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CEO, Principal Executive Officer |
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Date: June 1, 2022 |
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