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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): June 25, 2024

 

Cocrystal Pharma, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38418   35-2528215

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

19805 N. Creek Parkway

Bothell, WA

  98011
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (877) 262-7123

 

N/A

(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):

 

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   COCP  

The Nasdaq Stock Market LLC

(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 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On June 27, 2024, Cocrystal Pharma, Inc. (the “Company”), following approval of the Company’s stockholders at the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”), filed an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Amendment”) to decrease the number of shares of authorized capital stock of the Company from 155,000,000 shares of capital stock, consisting of 150,000,000 shares of common stock and 5,000,000 shares of preferred stock, to 101,000,000 shares of capital stock consisting of 100,000,000 shares of common stock and 1,000,000 shares of preferred stock. The Amendment became effective on June 27, 2024.

 

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On June 25, 2024, the 2024 Annual Meeting of the Company was held. At the 2024 Annual Meeting, the Company’s stockholders voted on (i) the election of six members of the Company’s Board of Directors for a one-year term expiring at the next annual meeting of stockholders (Proposal 1); (ii) ratification of the appointment of Weinberg & Company as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 (Proposal 2); (iii) approval of an amendment to the Certificate of Incorporation of the Company to reduce the number of shares of authorized capital stock to 100 million shares of common stock and 1 million shares of preferred stock (Proposal 3); (iv) approval of an amendment to the Certificate of Incorporation of the Company limiting the liability of the Company’s officers (Proposal 4); (v) approval on a non-binding advisory basis the compensation of the Company’s named executive officers (Proposal 5); (vi) approval on a non-binding advisory basis the frequency with which the stockholders shall vote to approve executive compensation (Proposal 6); and (vii) approval of an adjournment of the 2024 Annual Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the proposals presented for a vote at the 2024 Annual Meeting (Proposal 7), all as described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on May 7, 2024.

 

Set forth below are the voting results on each matter submitted to the stockholders at the 2024 Annual Meeting.

 

Proposal 1. The Company’s stockholders voted to elect the following six individuals as directors to hold office until the next annual meeting of stockholders:

 

Nominee  Votes For   Abstentions   Broker Non-Votes 
Roger Kornberg   4,277,465    934,003    2,057,159 
Phillip Frost   4,878,749    332,719    2,057,159 
Fred Hassan   4,955,458    259,728    2,053,441 
Anthony Japour   4,870,738    344,448    2,053,441 
Richard C. Pfenniger, Jr.   4,306,678    904,795    2,057,154 
Steven Rubin   4,552,728    688,740    2,057,159 

 

Proposal 2. The Company’s stockholders voted to ratify the appointment of Weinberg & Company as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.

 

Votes For   Votes Against   Abstentions 
 6,997,154    208,071    63,396 

 

Proposal 3. The Company’s stockholders voted to approve an amendment to the Certificate of Incorporation of the Company to reduce the number of shares of authorized capital stock to 100 million shares of common stock and 1 million shares of preferred stock.

 

Votes For   Votes Against   Abstentions 
 5,100,061    108,166    6,959 

 

   
 

 

Proposal 4. The Company’s stockholders voted not to approve an amendment to the Certificate of Incorporation of the Company limiting the liability of the Company’s officers.

 

Votes For   Votes Against   Abstentions 
 4,850,482    338,219    26,484 

 

Proposal 5. The Company’s stockholders voted to approve on a non-binding advisory basis the compensation of the Company’s named executive officers.

 

Votes For   Votes Against   Abstentions 
 4,858,175    344,953    12,057 

 

Proposal 6. The Company’s stockholders voted to approve on a non-binding advisory basis the frequency with which the stockholders shall vote to approve executive compensation.

 

Votes For

Every One Year

  

Votes for

Every Two Years

  

Votes for

Every Three Years

   Abstentions 
 2,221,675    45,244    2,882,348    65,917 

 

As there were sufficient votes to approve proposals 1 through 6, proposal 7 was moot.

 

Following the Company’s receipt of the voting results on proposal 6, the Company has determined to proceed with a frequency for voting on executive compensation of every three years.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit

No.

 

Description

3.1   Certificate of Amendment to the Certificate of Incorporation of Cocrystal Pharma, Inc.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

   
 

 

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: June 28, 2024

 

  Cocrystal Pharma, Inc.
     
  By: /s/ James Martin
  Name: James Martin
  Title: Chief Financial Officer and Co-Chief Executive Officer