---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-268167"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:03:59.784114+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma reaches deal with activist investors; declares $1.75/share dividend, adds three new directors

## Summary
- Immediate dividend of $1.75 per share paid to all stockholders; potential additional $9.33M return contingent on ME-344 trial results or Board decision.
- Three new directors appointed: James Flynn, Taheer Datoo (Anson/Cable Car designees) and Steven Wood (mutual). Three former directors resigned.
- Board forms Capital Allocation Committee to advise on strategic capital allocation for drug programs and value creation.
- Investors agree to standstill, withdraw consent solicitation, and vote for Company slate at 2024 and 2025 annual meetings.
- Agreement aims to avoid proxy contest; Company expects near-term data readouts for voruciclib and ME-344 in first half 2024.

## SEC filing metadata
- accession: 0001193125-23-268167
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/d514927d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-268167
- JSON: https://secwatch.observer/filing/0001193125-23-268167.json
- Plain text: https://secwatch.observer/filing/0001193125-23-268167.txt

## Key facts
- Executive change
  Tamar D. Howson resigned as Director at Lite Strategy, Inc..
  - Action: resigned
  - Role: Director
  source text: Daniel P. Gold, Ph.D., Tamar D. Howson and Sujay R. Kango have tendered their resignations as directors of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm
- Executive change
  Sujay R. Kango resigned as Director at Lite Strategy, Inc..
  - Action: resigned
  - Role: Director
  source text: Daniel P. Gold, Ph.D., Tamar D. Howson and Sujay R. Kango have tendered their resignations as directors of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm
- Executive change
  Steven Wood was appointed as Director at Lite Strategy, Inc..
  - Action: appointed
  - Role: Director
  source text: Mr. Steven Wood, as mutually agreed upon by the Company and Anson Funds and Cable Car, has been appointed to the Board as an additional MEI stockholder representative designated by the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm
- Executive change
  Taheer Datoo was appointed as Director at Lite Strategy, Inc..
  - Action: appointed
  - Role: Director
  source text: the Company has appointed two directors designated by Anson Funds and Cable Car: Mr. James Flynn and Mr. Taheer Datoo.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm
- Executive change
  Daniel P. Gold resigned as Director at Lite Strategy, Inc..
  - Action: resigned
  - Role: Director
  source text: Daniel P. Gold, Ph.D., Tamar D. Howson and Sujay R. Kango have tendered their resignations as directors of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm
- Executive change
  James Flynn was appointed as Director at Lite Strategy, Inc..
  - Action: appointed
  - Role: Director
  source text: the Company has appointed two directors designated by Anson Funds and Cable Car: Mr. James Flynn and Mr. Taheer Datoo.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523268167/0001193125-23-268167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.