Attached files
file | filename |
---|---|
EX-3.1 - EX-3.1 - First Physicians Capital Group, Inc. | d807645dex31.htm |
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): October 15, 2014
FIRST PHYSICIANS CAPITAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware | 000-30326 | 77-0557617 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
433 North Camden Drive, #810
Beverly Hills, California 90210
(Address of Principal Executive Offices) (Zip Code)
(310) 860-2501
(Registrants telephone number, including area code)
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):
¨ | 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)) |
Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On October 15, 2014, the Board of Directors (the Board) of First Physicians Capital Group, Inc. (the Company) approved an amendment and restatement of the Companys bylaws to provide that all shares of capital stock issued after October 15, 2014 will be uncertificated, except as otherwise provided for in a resolution approved by the Board.
The foregoing summary of the Companys Third Amended and Restated Bylaws is qualified in its entirety by reference to the full text of the Third Amended and Restated Bylaws, a copy of which is filed as Exhibit 3.1 hereto.
Item 5.07. | Submission of Matters for a Vote of Security Holders |
On October 15, 2014, the Company held its annual meeting of stockholders (the Meeting). On all matters at the Meeting, the holders of the Companys common stock (the Common Stock), together with holders of the Companys Series 1-A Convertible Preferred Stock, Series 2-A Convertible Preferred Stock, Series 5-A Convertible Preferred Stock and Series 6-A Convertible Preferred Stock (collectively, the Preferred Stock) voted as a single class. The votes of holders of outstanding Common Stock plus the votes of Preferred Stock equaled 64,882,753 votes (the Eligible Votes). In addition, the holders of Common Stock voted separately on Proposal No. 1 regarding an amendment to the Companys Certificate of Incorporation to effect the Reverse Stock Split (as defined below). The results of voting on the proposals submitted to a vote of the Companys stockholders at the Meeting were as follows:
Proposal No. 1 Amendment of Certificate of Incorporation to Effect a Reverse Stock Split. The stockholders approved an amendment to the Companys Certificate of Incorporation to effect a reverse stock split of the Companys Common Stock at a ratio of 1-for-2,000 shares (the Reverse Stock Split). The results of the vote were as follows:
For | Against | Abstain | Broker Non-Votes |
|||||||||||||
Common Stock |
10,839,680 | 457,432 | 1,986 | 1,039,258 | ||||||||||||
Eligible Votes |
42,673,239 | 1,775,832 | 1,986 | 1,039,258 |
Proposal No. 2 Election of Directors. All of the nominees for director were elected to serve for a one-year term and to serve until the next annual meeting in which their successors are elected, or, if earlier, until their retirement, resignation or removal. The results of the election were as follows:
Name of Director |
For | Withheld | Broker Non-Votes |
|||||||||
William A. Houlihan |
42,155,886 | 2,295,171 | 1,039,258 | |||||||||
Sean Kirrane |
42,860,285 | 1,590,772 | 1,039,258 | |||||||||
Brian Potiker |
42,860,285 | 1,590,772 | 1,039,258 | |||||||||
Robert N. Schwartz, Ph.D. |
42,903,929 | 1,547,128 | 1,039,258 | |||||||||
Richardson E. Sells |
42,860,286 | 1,590,771 | 1,039,258 |
Proposal No. 3 Advisory Vote on Frequency of Executive Compensation Vote. The stockholders recommended, on a non-binding, advisory basis, that the Company hold future non-binding, advisory votes on executive compensation every three years. The results of the advisory vote were as follows:
Every Year |
Every Other Year | Every Three Years | Abstain | Broker Non-Votes | ||||
6,689,838 |
14,458 | 37,289,057 | 457,704 | 1,039,258 |
The Board has considered these results and determined that if the Company were to continue to have a class of securities registered under the Securities Exchange Act of 1934, as amended, it would hold a non-binding, advisory vote on the frequency of advisory votes on executive compensation every three years until the next required
advisory vote on executive compensation. However, because Proposal No. 1 was approved and the Company intends to deregister the Common Stock following the effectiveness of the Reverse Stock Split, the Company does not presently intend to hold advisory stockholder votes on executive compensation in the future.
Proposal No. 4 Advisory Vote on Executive Compensation. The stockholders approved, on a non-binding, advisory basis, the compensation of the Companys named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission. The results of the non-binding, advisory vote were as follows:
Votes For |
Votes Against | Abstain | Broker Non-Votes | |||
41,996,054 |
1,172,876 | 1,282,127 | 1,039,258 |
Proposal No. 5 Ratification of Independent Public Accounting Firm. The stockholders ratified the appointment of Whitley Penn LLP as the Companys independent registered public accounting firm for the fiscal year ending September 30, 2014. The vote on the ratification was as follows:
For |
Against | Abstain | ||
43,594,311 |
1,460,109 | 435,895 |
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. |
Description | |
3.1 | Third Amended and Restated Bylaws, effective October 15, 2014 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FIRST PHYSICIANS CAPITAL GROUP, INC. | ||||||
Date: October 21, 2014 | By: | /s/ Sean Kirrane | ||||
Sean Kirrane | ||||||
President and Chief Executive Officer |