Veru Inc.

03/13/2026 | Press release | Distributed by Public on 03/13/2026 14:05

Proxy Results, Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
At the 2026 Annual Meeting of Shareholders (the "Annual Meeting") of Veru Inc. (the "Company") held on March 12, 2026, the Company's shareholders approved a proposal to amend the Veru Inc. 2018 Equity Incentive Plan (the "Equity Incentive Plan") to (1) increase the number of shares of the Company's Common Stock authorized for issuance under the Equity Incentive Plan from 2,600,000 shares to 5,850,000 shares, (2) increase the annual limit on awards to participants other than non-employee directors from 100,000 shares to 750,000 shares, and (3) increase the annual limit on awards to non-employee directors from 10,000 shares to 120,000 shares. A copy of the Equity Incentive Plan, as amended, is attached hereto as Exhibit 10.1.
A summary description of the terms of the Equity Incentive Plan is set forth in the Company's definitive proxy statement (the "Proxy Statement") on Schedule 14A filed with the Securities and Exchange Commission on January 28, 2026. The section of the Proxy Statement entitled "Proposal 3: Approval of the Amendment to the 2018 Equity Incentive Plan" from pages 26 to 33 is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company held the Annual Meeting on March 12, 2026. A total of 16,050,320 shares of the Company's common stock were eligible to vote at the Annual Meeting. The matters voted on at the Annual Meeting were as follows:
1.
Election of Directors:
The following individuals were nominated for election to the Board of Directors for terms that expire at the next annual meeting of shareholders. All of the nominated directors were elected. The results of the vote on the election of directors were as follows:
Name
Votes
For
Votes
Withheld
Broker
Non-Votes
Mitchell S. Steiner
5,381,201 394,511 4,423,999
Harry Fisch
5,483,627 292,085 4,423,999
Michael L. Rankowitz
5,331,961 443,751 4,423,999
Grace Hyun
5,384,328 391,384 4,423,999
Lucy Lu
5,435,927 339,785 4,423,999
Loren Katzovitz
5,498,489 277,223 4,423,999
2.
Ratification of Auditors:
The shareholders voted to ratify the appointment by the Company's Audit Committee of Cherry Bekaert LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2026.
Votes For
Votes Against
Abstentions
Broker Non-Votes
10,040,215 115,840 43,656 0
3.
Amendment of the Equity Incentive Plan:
The shareholders voted in favor of amending the Equity Incentive Plan.
Votes For
Votes Against
Abstentions
Broker Non-Votes
4,743,572 975,452 56,688 4,423,999
2
4.
Advisory (non-binding) vote on the executive compensation of the Company's named executive officers:
The shareholders voted in favor of the compensation of the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting.
Votes For
Votes Against
Abstentions
Broker Non-Votes
4,476,916 735,523 563,273 4,423,999
5.
Adjournment Proposal:
The shareholders voted in favor of approving the adjournment of the Special Meeting if necessary or appropriate in the view of the Company's Board of Directors, including to solicit additional proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the other proposals.
Votes For
Votes Against
Abstentions
Broker Non-Votes
9,045,655 1,106,328 47,728 0
3
Section 9 - Financial Statements and Exhibits
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