UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On June 12, 2023, Ekso Bionics Holdings, Inc. (the “Company”) entered into an amendment (the “Amendment”) to that certain At the Market Offering Agreement dated as of October 9, 2020 (the “Sales Agreement”), by and between the Company and H.C. Wainwright & Co., LLC (the “Agent”), pursuant to which the Company may offer and sell, from time to time, through the Agent, shares of the Company’s common stock, par value $0.001 per share (the “Shares”), in an “at-the-market” offering. The Amendment amends the Sales Agreement to remove the $6.75 per share floor sales price. The Sales Agreement is otherwise unchanged. To date, the Company has issued and sold 77,594 Shares at an average price per share of $10.72 for approximate proceeds of $791,217, net of commission and expenses, and $6,668,332 remains available for future offerings under the prospectus supplement filed with respect to the Sales Agreement.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any Shares, nor shall there be any offer, solicitation or sale of any Shares in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 8, 2023, the Company held its 2023 Annual Meeting of Stockholders (the "Annual Meeting"). The stockholders voted on the following proposals at the Annual Meeting:
1. | To elect five persons to the Company’s board of directors, to serve until the annual meeting of stockholders to be held in 2024 and until their respective successors are elected and qualified, or until their earlier death, resignation or removal; |
2. | To amend the Company's Amended and Restated 2014 Equity Incentive Plan to increase the total number of shares of common stock authorized for issuance pursuant to awards granted thereunder from 2,524,286 shares to 3,724,286 shares; |
3. | To approve, in an advisory (non-binding) vote, the compensation of the Company’s named executive officers; and |
4. | To ratify the appointment of WithumSmith+Brown, PC as the Company’s independent auditors for the year ending December 31, 2023. |
For more information about the foregoing proposals, see the Company’s proxy statement, filed with the Securities and Exchange Commission on April 28, 2023.
The voting results for each of the proposals are as follows:
1. | Election of Directors |
Nominee | For | Withheld | Broker Non-votes | |||
Scott G. Davis | 4,312,949 | 159,537 | 2,757,364 | |||
Mary Ann Cloyd | 4,312,653 | 159,833 | 2,757,364 | |||
Corinna Lathan, Ph.D. | 4,314,029 | 158,457 | 2,757,364 | |||
Charles Li, Ph.D. | 3,991,444 | 481,042 | 2,757,364 | |||
Rhonda A. Wallen | 4,313,063 | 159,423 | 2,757,364 |
Each director nominee was duly elected to serve until the 2024 annual meeting of stockholders and until his or her successor is duly elected and qualified, subject to earlier resignation or removal.
2. | Amendment of 2014 Equity Incentive Plan |
For | Against | Abstained | Broker Non-votes | |||
3,898,757 | 551,457 | 22,272 | 2,757,364 |
The stockholders approved the amendment of the Company’s Amended and Restated 2014 Equity Incentive Plan to increase the total number of shares of common stock authorized for issuance pursuant to awards granted thereunder from 2,524,286 shares to 3,724,286 shares.
3. | Advisory Vote on Named Executive Officer Compensation |
For | Against | Abstained | Broker Non-votes | |||
4,111,482 | 293,055 | 67,949 | 2,757,364 |
The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.
4. | Ratification of Appointment of Independent Registered Public Accounting Firm |
For | Against | Abstained | Broker Non-votes | |||
7,027,946 | 152,140 | 49,764 | n/a |
The stockholders ratified the appointment of WithumSmith+Brown, PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description | ||
10.1 | Amendment No. 1 to At the Market Offering Agreement, dated June 12, 2023, between Ekso Bionics Holdings, Inc. and H.C. Wainwright & Co., LLC | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EKSO BIONICS HOLDINGS, INC. | ||
By: | /s/ Jerome Wong | |
Name: | Jerome Wong | |
Title: | Chief Financial Officer | |
Dated: June 12, 2023 |