---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-014542"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T00:42:27.436407+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Modular Medical increases authorized shares to 100M and suspends ATM equity program

## Summary
- Authorized common shares increased from 50M to 100M via charter amendment effective Feb 15, 2024.
- Annual meeting approved share increase, equity plan adding 3M shares, and auditor ratification.
- ATM equity sales suspended effective Jan 29, 2024; no sales until new prospectus supplement filed.
- All six director nominees elected with over 11.6M votes each; ~65.8% quorum.

## SEC filing metadata
- accession: 0001213900-24-014542
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/ea193897-8k_modular.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-014542
- JSON: https://secwatch.observer/filing/0001213900-24-014542.json
- Plain text: https://secwatch.observer/filing/0001213900-24-014542.txt

## Key facts
- Governance Changes
  Modular Medical, Inc.: Increased authorized shares of common stock from 50,000,000 to 100,000,000 (effective 2024-02-15).
  - Change: charter amendment
  - Effective: 2024-02-15
  source text: to increase the Company's authorized shares of common stock from 50,000,000 to 100,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm
- Shareholder Votes
  Modular Medical, Inc. shareholders approved Amendment of the Amended 2017 Equity Incentive Plan to increase the number of shares currently reserved for issuance thereunder by 3,000,000 shares at the 2024-02-13 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2024-02-13
  source text: Proposal 2 – Amendment of the Amended 2017 Equity Incentive Plan to increase the number of shares currently reserved for issuance thereunder by 3,000,000 shares. For Against Abstain Broker Non-Vote 13,528,456 120,523 358,177 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm
- Shareholder Votes
  Modular Medical, Inc. shareholders approved Ratification of the audit committee’s appointment of Farber Hass Hurley LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024 at the 2024-02-13 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2024-02-13
  source text: Proposal 4 – Ratification of the audit committee’s appointment of Farber Hass Hurley LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024. For Against Abstain Broker Non-Vote 13,928,715 55,937 22,504 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm
- Shareholder Votes
  Modular Medical, Inc. shareholders approved Approval of an amendment of the Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from 50,000,000 shares to 100,000,000 shares at the 2024-02-13 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2024-02-13
  source text: Proposal 3 – Approval of an amendment of the Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from 50,000,000 shares to 100,000,000 shares. For Against Abstain Broker Non-Vote 13,528,456 120,523 358,177 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm
- Shareholder Votes
  Modular Medical, Inc. shareholders approved Election of directors to serve until the next annual meeting of shareholders at the 2024-02-13 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-02-13
  source text: Proposal 1 - Election of directors to serve until the next annual meeting of shareholders. For Withheld Broker Non-Vote Duane DeSisto 11,772,616 4,263 2,230,277
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm
- Shareholder Votes
  Modular Medical, Inc. shareholders approved Approval of one or more adjournments of the Annual Meeting at the 2024-02-13 meeting.
  - Outcome: passed
  - Meeting: 2024-02-13
  source text: Proposal 5 – Approval of one or more adjournments of the Annual Meeting. For Against Abstain Broker Non-Vote 13,731,065 274,795 167 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014542/0001213900-24-014542-index.htm

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