UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 17, 2013
PEREGRINE PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 0-17085 | 95-3698422 | ||
| (State of other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 14282 Franklin Avenue, Tustin, California 92780 | ||||
| (Address of Principal Executive Offices) |
| Registrant’s telephone number, including area code: (714) 508-6000 | ||||
| Not Applicable | ||||
| (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 (see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) Compensatory Arrangements of Certain Officers.
On October 17, 2013, at the 2013 Annual Meeting of Stockholders (the “Annual Meeting”) of Peregrine Pharmaceuticals, Inc. (the “Company”), the Company’s stockholders approved an amendment (the “Second Amendment”) to the Company’s 2011 Stock Incentive Plan (the “2011 Plan”) to increase by 7,000,000 shares the number of shares of the Company’s common stock reserved for issuance under the 2011 Plan to up to 18,500,000 shares.
The Second Amendment previously had been approved by the Compensation Committee of the Company’s Board of Directors (the “Committee”) on June 6, 2013, subject to stockholder approval. The Second Amendment became effective immediately upon stockholder approval at the Annual Meeting.
Persons eligible to participate in the 2011 Plan, as amended by the Second Amendment, will continue to include all employees, officers, non-employee directors of, and consultants to, the Company or an affiliate, as determined by the Committee.
This summary of the Second Amendment is qualified in its entirety by reference to the full text of the Second Amendment, a copy of which is attached as Exhibit A to the Company’s Definitive Proxy Statement for its 2013 Annual Stockholders Meeting filed with the Securities and Exchange Commission on August 26, 2013 and incorporated herein by this reference. In addition, a more detailed summary of the 2011 Plan, as amended by the Second Amendment, can be found in such Definitive Proxy Statement, under “Proposal No. 3: Approval of an Amendment to our 2011 Stock Incentive Plan to Increase the Number of Shares Available for Issuance Under the 2011 Stock Incentive Plan.”
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
The Company held its 2013 Annual Meeting on October 17, 2013. Out of 155,197,357 shares of our common stock (as of the record date of August 22, 2013) entitled to vote at the Annual Meeting, there were 118,091,058 shares present in person or represented by proxy, representing 76% of the total outstanding shares of our common stock entitled to vote. At the Annual Meeting, the Company’s stockholders voted on each of the following four proposals. The final voting results of each proposal are set forth below.
Proposal No. 1: Election of Directors
The Company’s stockholders elected each of the four nominees named below to serve on the Company’s Board of Directors until the Company’s 2014 Annual Meeting of Stockholders. The votes were as follows:
|
Nominee |
Votes For |
Votes Withheld |
Broker Non-Votes | |||
| Carlton M. Johnson, Jr. | 31,863,556 | 14,729,024 | 71,498,478 | |||
| Steven W. King | 34,373,556 | 12,219,024 | 71,498,478 | |||
| David H. Pohl | 32,601,910 | 13,990,670 | 71,498,478 | |||
| Eric S. Swartz | 32,540,158 | 14,052,422 | 71,498,478 |
| 2 |
Proposal No. 2: Ratification of Independent Registered Public Accounting Firm
The Company’s stockholders approved the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year ending April 30, 2014. The votes were as follows:
| Votes For | Votes Against | Abstain | ||
| 114,190,456 | 3,587,029 | 313,573 |
Proposal No. 3: To Approve an Amendment to the Company’s 2011 Stock Incentive Plan
The Company’s stockholders approved an amendment to the Company’s 2011 Stock Incentive Plan (the “2011 Plan”) to increase by 7,000,000 shares the number of shares of the Company’s common stock reserved for issuance under the 2011 Plan to up to 18,500,000 shares. The votes were as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||
| 26,950,223 | 13,154,881 | 6,487,476 | 71,498,478 |
Proposal No. 4: To Approve, On an Advisory Basis, the Compensation of the Named Executive Officers
The Company’s stockholders approved, on an advisory basis, the compensation of the named executive officers as disclosed in the Company’s Definitive Proxy Statement for its 2013 Annual Stockholders Meeting. The votes were as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||
| 32,840,853 | 12,817,857 | 933,870 | 71,498,478 |
| 3 |
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.
| PEREGRINE PHARMACEUTICALS, INC. | ||
| Date: October 18, 2013 | By: | /s/ Paul J. Lytle |
| Paul J. Lytle Chief Financial Officer | ||
| 4 |