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 17, 2011

 


 

VIVUS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-33389

 

94-3136179

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

1172 CASTRO STREET

MOUNTAIN VIEW, CA 94040

(Address of principal executive offices, including zip code)

 

(650) 934-5200

(Registrant’s telephone number, including area code)

 

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):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

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

 

On June 17, 2011, VIVUS, Inc., or the Company, held its 2011 Annual Meeting of Stockholders, or the Annual Meeting.  At the Annual Meeting, the Company’s stockholders elected five directors to serve until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified; approved the Company’s executive compensation; ratified the Company’s appointment of Odenberg, Ullakko, Muranishi & Co. LLP as the Company’s registered public accounting firm for fiscal year 2011; and approved amendments to the Company’s 1994 Employee Stock Purchase Plan, or ESPP, to increase the number of shares reserved for issuance under the ESPP by 600,000 shares to a new total of 2,000,000, to remove the Plan’s 20-year term, and to include certain changes consistent with Treasury Regulations relating to employee stock purchase plans under Section 423 of the Internal Revenue Code of 1986, as amended, and other applicable law.  While the Company recommended a frequency of three years for future advisory votes on executive officer compensation, the majority of the votes cast were for a frequency of one year for future advisory votes on executive compensation.

 

The Company’s independent Inspector of Election reported the voting results as follows:

 

(i)  Election of five directors to serve until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified:

 

Name

 

For

 

Withheld

 

Broker Non-Votes

 

Leland F. Wilson

 

30,967,690

 

741,267

 

39,013,914

 

Peter Y. Tam

 

30,120,950

 

1,588,007

 

39,013,914

 

Mark B. Logan

 

31,043,165

 

665,792

 

39,013,914

 

Charles J. Casamento

 

30,237,826

 

1,471,131

 

39,013,914

 

Linda M. Dairiki Shortliffe, M.D.

 

30,270,541

 

1,438,416

 

39,013,914

 

 

(ii)  Approval of, on an advisory basis, the Company’s executive compensation:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

30,180,026

 

1,421,287

 

107,644

 

39,013,914

 

 

(iii)  Recommendation, on an advisory basis, of the frequency of future advisory votes on the Company’s executive compensation:

 

One Year

 

Two Years

 

Three Years

 

Abstain

 

Non-Vote

 

19,866,442

 

338,919

 

11,402,167

 

101,429

 

39,013,914

 

 

(iv)  Ratification of the appointment of Odenberg, Ullakko, Muranishi & Co. LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2010:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

68,982,610

 

1,466,676

 

273,585

 

0

 

 

(v)    Approval of amendments to the Company’s 1994 Employee Stock Purchase Plan, or ESPP, to increase the number of shares reserved for issuance under the ESPP by 600,000 shares to a new total of 2,000,000, to remove the Plan’s 20-year term, and to include certain changes consistent with Treasury Regulations relating to employee stock purchase plans under Section 423 of the Internal Revenue Code of 1986, as amended, and other applicable law:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

30,120,328

 

1,506,071

 

82,558

 

39,013,914

 

 

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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 hereunto duly authorized.

 

 

 

VIVUS, INC.

 

 

 

 

By:

/s/ Lee B. Perry

 

 

Lee B. Perry

 

 

Vice President and Chief Accounting Officer

 

 

 

Date: June 20, 2011

 

 

 

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