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): August 15, 2023
AXOGEN, INC.
(Exact Name of Registrant as Specified in Charter)
Minnesota
(State or Other Jurisdiction of
Incorporation or Organization)
001-36046
(Commission File Number)
41-1301878
(I.R.S. Employer Identification No.)
13631 Progress Boulevard, Suite 400 Alachua, Florida
(Address of principal executive offices)
(386) 462-6800
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box 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:
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| Title of each class | Trading Symbol(s) | Name of exchange on which registered |
| Common Stock, $0.01 par value | AXGN | The Nasdaq Stock 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 August 15, 2023, the Axogen, Inc. (the “Company”) held its 2023 annual meeting of shareholders (the “Annual Meeting”), at which a total of 35,078,107 shares of common stock of the Company, out of a total 42,915,153 shares of common stock outstanding and entitled to vote as of June 27, 2023, the record date, were present in person or represented by proxies. The Company’s shareholders voted on six proposals at the Annual Meeting. The proposals are described in detail in the proxy statement for the Annual Meeting that the Company filed with the Securities and Exchange Commission on July 7, 2023. The results of voting on the six proposals, including the final vote tabulations, are set forth below.
Proposal 1: Election of Directors
Nine directors were elected to the Company’s Board of Directors (the "Board") to serve for a one-year term until the 2023 annual meeting of shareholders. The results of the election were as follows:
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| Name | | For | | Withheld | | Broker Non-Votes |
| Karen Zaderej | | 29,010,146 | | 1,124,288 | | 4,943,673 |
| Amy Wendell | | 29,004,864 | | 1,129,570 | | 4,943,673 |
| William Burke | | 28,413,152 | | 1,721,282 | | 4,943,673 |
| Gregory Freitag | | 29,040,709 | | 1,093,725 | | 4,943,673 |
| John H. Johnson | | 23,637,550 | | 6,496,884 | | 4,943,673 |
| Alan Levine | | 29,215,878 | | 918,556 | | 4,943,673 |
| Guido Neels | | 22,945,316 | | 7,189,118 | | 4,943,673 |
| Paul Thomas | | 28,834,881 | | 1,299,553 | | 4,943,673 |
| Joseph Tyndall, MD MPH, FACEP | | 29,410,761 | | 723,673 | | 4,943,673 |
Proposal 2:Ratification of Appointment of Independent Auditors
The Audit Committee’s selection of Deloitte & Touche LLP as the Company’s registered independent public accounting firm for the fiscal year ending December 31, 2023 was ratified. The results of the vote were as follows:
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| For | | Against | | Abstentions | | Broker Non-Votes |
| 34,923,002 | | 146,443 | | 8,662 | | — |
Proposal 3: Compensation of the Named Executive Officers
The advisory (non-binding) vote on the executive compensation of the Company’s named executive officers was approved. The results were as follows:
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| For | | Against | | Abstentions | | Broker Non-Votes |
| 28,598,027 | | 1,372,361 | | 164,046 | | 4,943,673 |
Proposal 4: Amendment and Restatement of the Axogen, Inc. 2019 Long-Term Incentive Plan
The Axogen, Inc. Third Amended and Restated 2019 Long-Term Incentive Plan to increase the number of shares reserved for issuance thereunder from 8,000,000 to 10,500,000 was not approved. The results of the vote were as follows:
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| For | | Against | | Abstentions | | Broker Non-Votes |
| 11,294,448 | | 18,612,185 | | 227,801 | | 4,943,673 |
Proposal 5:Amendment and Restatement of the Axogen, Inc. 2017 Employee Stock Purchase Plan
The Axogen, Amended and Restated 2017 Employee Stock Purchase Plan to increase the number of shares reserved for issuance thereunder from 600,000 to 1,200,000 was approved. The results of the vote were as follows:
| | | | | | | | | | | | | | | | | | | | |
| For | | Against | | Abstentions | | Broker Non-Votes |
| 27,438,032 | | 2,597,564 | | 98,838 | | 4,943,673 |
Proposal 6: Bylaws Amendment
The amendment to the Company’s Amended and Restated Bylaws to set the range of the number of directors on the Company’s Board to be between 7 to 11 members and allow the Company’s Board to set the specific number of directors within the range was approved. The results of the vote were as follows:
| | | | | | | | | | | | | | | | | | | | |
| For | | Against | | Abstentions | | Broker Non-Votes |
| 34,131,162 | | 865,249 | | 81,696 | | — |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| AXOGEN, INC. |
| |
| Date: August 18, 2023 | By: | /s/ Marc Began |
| | Marc Began |
| | Executive Vice President, General Counsel and Chief Compliance Officer |
