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): November 15, 2019
PARKERVISION, INC.
(Exact Name of Registrant as Specified in Charter)
| Florida | 000-22904 | 59-2971472 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | |
| 9446 Philips Highway, Suite 5A, Jacksonville, Florida | 32256 |
| (Address of Principal Executive Offices) | (Zip Code) |
(904) 732-6100
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
| Common Stock, $.01 par value | PRKR | OTCQB |
| Common Stock Rights | | OTCQB |
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):
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
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 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 November 15, 2019, the shareholders of the Company approved an amendment to the Company’s amended and restated articles of incorporation to increase the number of authorized shares of common stock from 75,000,000 to 110,000,000. The board of directors of the Company approved the amendment on September 19, 2019, pending shareholder approval. The amendment is more fully described on pages 16 to 18 of the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 1, 2019, which description is incorporated herein by reference.
Articles of amendment to the Company’s amended and restated articles of incorporation setting forth the amendment were filed with the Department of State of the State of Florida on November 18, 2019.
The foregoing summary of the material terms and conditions of the articles of amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the articles of amendment, which are included as Exhibit 3.1 to this report and are incorporated herein by reference.
Item 5.07 – Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Shareholders (the “Annual Meeting”) on November 15, 2019. The record date for shareholders entitled to notice of, and to vote at, the Annual Meeting was September 20, 2019. At the close of business on that date, the Company had 33,426,850 shares of common stock issued and outstanding and entitled to be voted at the Annual Meeting. Five proposals were submitted to the Company’s shareholders at the Annual Meeting. The proposals are described in more detail in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on October 1, 2019. The final voting results were as follows:
Proposal 1
The Company’s shareholders elected the following Class III Directors to serve for a term expiring at the 2022 Annual Meeting. The voting results are set forth below.
| | | | | |
| Paul Rosenbaum | 11,161,374
| 0
| 210,897
| 14,723,504
|
| Robert Sterne | 11,105,527
| 0
| 266,744
| 14,723,504
|
Proposal 2
The Company’s shareholders approved an amendment to the amended and restated articles of incorporation of the Company to increase the number of authorized shares of common stock from 75,000,000 to 110,000,000. The voting results are set forth below.
| | | |
25,009,771
| 1,030,944
| 55,060
| N/A
|
Proposal 3
The Company’s shareholders ratified the selection of Moore Stephens Lovelace, P.A. as the Company’s independent registered public accounting firm for the year ending December 31, 2019. The voting results are set forth below.
| | | |
25,898,782
| 170,209
| 26,784
| N/A
|
Proposal 4
The Company’s shareholders approved the advisory resolution approving executive compensation. The voting results are set forth below.
| | | |
11,078,850
| 255,465
| 37,956
| 14,723,504
|
Proposal 5
The Company’s shareholders voted to hold future say-on-pay votes on executive compensation every two years. The voting results are set forth below.
| | | | |
475,103
| 10,746,618
| 75,011
| 75,539 | 14,723,504
|
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits
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.
| | PARKERVISION, INC. | |
| | | | |
| Dated: November 19, 2019 | By: | /s/ Cynthia Poehlman | |
| | | Cynthia Poehlman | |
| | | Chief Financial Officer | |
