8-K
filed May 25, 2023, 7:59 PM ET
ticker ISPC
CIK 0001558569
other material
confidence high
sentiment neutral
materiality 0.50
iSpecimen shareholders approve plan amendment increasing share reserve 3x to 1.87M
iSpecimen Inc.
- Stockholders approved amendment to 2021 plan: shares reserved increased from 608,000 to 1,869,500 shares.
- Annual automatic share increase mechanism removed; clawback/recoupment provision added.
- Three Class II directors (Brooks, Curley, Mock) elected to three-year terms.
- Proposal to allow director removal without cause failed (3.8M for vs required majority of outstanding shares).
- Ratification of Wolf & Company as auditor for FY2023 approved (6,421,007 for).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
iSpecimen Inc. shareholders approved Approval of an amendment to the Second A&R 2021 Plan to increase the number of shares reserved for issuance from 608,000 to 1,869,500 shares.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal No. 3 was approved by a majority of the votes cast.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
iSpecimen Inc. shareholders approved Approval of amendments to the Second A&R 2021 Plan to remove automatic annual increase and add clawback provisions.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal No. 2 was approved by a majority of the votes cast.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
iSpecimen Inc. shareholders approved Election of three Class II directors each to serve for a three-year term that expires at the 2026 annual meeting of stockholders.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Brooks III 3,900,970 704,582 1,914,191 Tracy Curley 4,056,320 549,232 1,914,191 Theresa L. Mock 4,412,763 192,789 1,914,191 Each nominee was elected.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
iSpecimen Inc. shareholders approved Ratification of appointment of Wolf & Company, P.C. as independent registered public accounting firm for the year ending December 31, 2023.
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
Proposal No. 5 was approved by a majority of the votes cast.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
iSpecimen Inc. shareholders rejected Approval of an amendment to the Fourth Amended and Restated Certificate of Incorporation to permit removal of directors by stockholders without cause.
- Proposal
- charter amendment
- Outcome
- failed
Exact text from the filing
Proposal No. 4 was not approved, because votes in favor of this proposal did not represent a majority of the voting shares entitled to vote thereon, as required.
View on SEC.gov
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