UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2021
Commission File Number 001-35463
Taro Pharmaceutical Industries Ltd.
(Translation of registrant’s name into English)
14 Hakitor Street, Haifa Bay 2624761, Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
CONTENTS
On December 15, 2021, Taro Pharmaceutical Industries Ltd. (“Taro” or the “Company”) held its 2021 Annual General Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders voted on three proposals, which were described in the notice and proxy statement relating to the Annual Meeting (annexed as Exhibit 99.1 to the Company’s Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on November 5, 2021).
Three proposals were submitted to Taro’s shareholders at the Annual Meeting, all of which were duly approved by the requisite majority as defined by the Israeli Companies Law 5759-1999 (the “Companies Law”) and the Company’s Articles of Association, as amended. The three proposals presented at the Annual Meeting (and the results with respect to each) were as follows:
| 1. | Re-election to the Company’s Board of Directors (the “Board of Directors”) of each of Dilip Shanghvi, Abhay Gandhi, Sudhir Valia, Uday Baldota, James Kedrowski and Dov Pekelman as an ordinary/non-External Director, as defined in the Companies Law, to serve for a one-year term, until the close of the next annual general meeting of shareholders (Approved). | |
| 2. | Approval and ratification of an annual base salary pay range that is consistent with the Company’s Compensation Policy for Office Holders, as well as the addition of annual long-term cash incentive pay, for the Company’s chief executive officer, Uday Baldota (Approved). | |
| 3. | Re-appointment of Ziv Haft Certified Public Accountants (Israel), a BDO member firm, as the Company’s independent auditors for the fiscal year ending March 31, 2022, and the additional period until the close of the next annual general meeting of shareholders of the Company, and to authorize their remuneration to be fixed, in accordance with the volume and nature of their services, by the Board of Directors or the Audit Committee thereof (Approved).
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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, thereunto duly authorized.
Date: December 17, 2021
TARO PHARMACEUTICAL INDUSTRIES LTD.
By: /s/ Uday Baldota
Name:Uday Baldota
Title:Chief Executive Officer and Director