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): December 7, 2022
BIOMERICA, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-37863 | 95-2645573 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 17571 Von Karman Ave. Irvine, California | 92614 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (949) 645-2111
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:
☐ 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))
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. ☐
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Item 5.07 Submission of Matters to a Vote of Security Holders.
Biomerica, Inc. (the “Company”) held its 2022 annual meeting (the “2022 Annual Meeting”) of stockholders of the Company on December 7, 2022, at its corporate headquarter in Irvine, California. As of October 14, 2022, the record date for the 2022 Annual Meeting, the Company had 13,474,338 shares of its common stock outstanding and entitled to vote, of which 7,126,662 shares of the Company’s common stock were present in person or represented by proxy and entitled to vote at the 2022 Annual Meeting. The following is a brief description of the final voting results for each of the proposals submitted to a vote of the stockholders at the 2022 Annual Meeting.
Proposal No. 1: The Company’s stockholders elected each of the five nominees named below to serve on the Company’s Board of Directors until the next annual meeting of stockholders of the Company and until his or her successor has been elected and qualified or until his or her earlier resignation, death or removal.
Nominee | Votes For | Votes Withheld | Broker Non-votes |
Zackary Irani | 4,584,648 | 66,779 | 2,475,235 |
Allen Barbieri | 4,571,211 | 80,216 | 2,475,235 |
Catherine Coste | 3,977,463 | 673,964 | 2,475,235 |
Jane Emerson, M.D., Ph.D. | 3,041,002 | 1,610,425 | 2,475,235 |
David Moatazedi | 4,620,764 | 30,663 | 2,475,235 |
Proposal No. 2: The Company’s stockholders ratified the advisory vote on the named executive officers’ compensation.
Votes For | Votes Against | Votes Abstaining | Broker Non-Votes |
4,570,514 | 44,365 | 36,548 | 2,475,235 |
Proposal No. 3: A majority of the Company’s stockholders voted on the option of every one year as the frequency of future advisory votes on executive compensation.
Every one year | Every two years | Every three years | Abstain | Broker Non-Votes |
3,466,478 | 1,079,888 | 10,821 | 94,240 | 2,623,322 |
Proposal No. 4: The Company’s stockholders ratified the appointment of Haskell & White LLP as the Company’s independent public accounting firm for the fiscal year ending May 31, 2023.
Votes For | Votes Against | Votes Abstaining | Broker Non-Votes |
7,047,314 | 70,909 | 8,439 | -- |
Proposal No. 5: The Company’s stockholders ratified and approved our 2022 Stock Incentive Plan.
Votes For | Votes Against | Votes Abstaining | Broker Non-Votes |
2,395,243 | 2,227,813 | 28,371 | 2,475,235 |
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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.
| BIOMERICA, INC. |
| | | |
Date: December 9, 2022 | By: | | /s/ Zackary S. Irani |
| | | Zackary S. Irani
Chief Executive Officer |
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0000073290 2022-12-07 2022-12-07
