secwatch / observer
8-K filed May 17, 2023, 7:59 PM ET ticker KRMD CIK 0000704440
other material confidence high sentiment neutral materiality 0.35

KORU Medical reincorporates in Delaware, files $71.25M shelf registration

KORU Medical Systems, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KORU Medical Systems, Inc. entered into Agreement and Plan of Merger with KORU Medical Systems, Inc., a Delaware corporation (effective 2023-05-16).

Action
entry
Agreement
merger
Counterparty
KORU Medical Systems, Inc., a Delaware corporation
Effective
2023-05-16
Exact text from the filing
Reincorporation Merger On May 16, 2023 (the “Effective Date”), KORU Medical Systems, Inc., a New York corporation (“KORU Medical NY” or, prior to the Reincorporation (as defined below), the “Company”), effected the change of the Company’s jurisdiction of incorporation from New York to Delaware (the “Reincorporation”) by merging (the “Reincorporation Merger”) with a direct wholly owned subsidiary, KORU Medical Systems, Inc., a Delaware corporation (“KORU Medical DE” or, following the Reincorporation, the “Company”), pursuant to an Agreement and Plan of Merger (the “Reincorporation Merger Agreement”), dated as of May 12, 2023, by and between KORU Medical NY and KORU Medical DE, which is attached hereto as Exhibit 2.1 and incorporated by reference herein.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

KORU Medical Systems, Inc. shareholders approved Election of Directors at the 2023-05-17 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-05-17
Exact text from the filing
Proposal 1: Election of Directors The nominees for director set forth under “Nominees” below were elected to the Company’s board of directors. Number of Shares Nominees For Withheld Broker Non-Vote R. John Fletcher 23,280,983 2,802,820 11,378,757 Robert A. Cascella 23,391,600 2,692,203 11,378,757 Donna French 26,032,722 51,081 11,378,757 Joseph M. Manko, Jr. 23,009,051 3,074,752 11,378,757 Shahriar (Shar) Matin 26,032,222 51,581 11,378,757 Linda Tharby 26,021,747 62,056 11,378,757
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

KORU Medical Systems, Inc. shareholders approved Ratification of the appointment of independent registered accountants for the 2023 fiscal year. at the 2023-05-17 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2023-05-17
Exact text from the filing
Proposal 3: Ratification of the appointment of independent registered accountants for the 2023 fiscal year. The Company’s shareholders ratified the appointment of McGrail Merkel Quinn & Associates, P.C. as the company’s independent registered public accountants for the 2023 fiscal year. For Against Abstain Number of Shares 34,150,506 3,284,652 27,402 -
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

KORU Medical Systems, Inc. shareholders approved Approval, on an advisory basis, of the compensation of the Company’s executive officers. at the 2023-05-17 meeting.

Proposal
say on pay
Outcome
passed
Meeting
2023-05-17
Exact text from the filing
Proposal 2: Approval, on an advisory basis, of the compensation of the Company’s executive officers. The Company’s shareholders, on an advisory basis, approved the compensation of the company’s executive officers. For Against Abstain Broker Non-Vote Number of Shares 25,941,889 113,998 27,916 11,378,757
View on SEC.gov

Browse all material agreements →

KORU Medical Systems, Inc. filing history →

Source: SEC EDGAR
accession 0001161697-23-000302
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