CELLULAR BIOMEDICINE GROUP, INC. (NASDAQ:CBMG) Files An 8-K Shareholder Director Nominations

CELLULAR BIOMEDICINE GROUP, INC. (NASDAQ:CBMG) Files An 8-K Shareholder Director Nominations
Item 5.08 Shareholder Director Nominations.

As previously reported on a Current Report on Form 8-K of Cellular Biomedicine Group, Inc. (the “Company”) on September 21, 2016, the Company’s board of directors (the “Board”) scheduled its 2017 annual meeting of stockholders (the “2017 Annual Meeting”) for June 2, 2017. On January 21, 2017, the Board changed the 2017 Annual Meeting date to April 28, 2017, which date is more than 30 days from the anniversary date of the Company’s 2016 annual meeting of stockholders.
The Company has set a deadline of March 10, 2017 for the receipt of stockholder proposals (other than director nominations) submitted to Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for inclusion in the Company’s proxy materials for the 2017 Annual Meeting, which date the Company has determined to be a reasonable time before it expects to begin to print and sent its proxy materials. In doing so, the Board waived the requirements for stockholders to submit proposals (other than director nominations) at least 90 days prior to the proxy mailing date set forth under the Company’s Amended and Restated Bylaws. In order to be considered timely, any such proposal must be received by the Company at its principal executive offices at 19925 Stevens Creek Blvd., Suite 100, Cupertino, CA 95014, and addressed to the attention of the corporate secretary, no later than 5:00 p.m. Eastern Standard Time on March 10, 2017. Any such proposal must also meet the requirements set forth in the rules and regulations of the Securities and Exchange Commission in order to be eligible for inclusion in the proxy materials for the 2017 Annual Meeting.
In addition, the Board waived the requirement for stockholders to submit director nominations at least 120 days prior to the meeting date as set forth under the Company’s Amended and Restated Bylaws. Stockholders who intend to submit a proposal regarding a director nomination at the 2017 Annual Meeting must ensure that notice of any such proposal (including certain additional information specified in the Amended and Restated Bylaws) is received by the corporate secretary at the Company’s principal executive offices at 19925 Stevens Creek Blvd., Suite 100, Cupertino, CA 95014, and addressed to the attention of the Corporate Secretary no later than 5:00 p.m. Eastern Standard Time on January 28, 2017. This deadline will also apply in determining whether notice is timely for purposes of exercising discretionary voting authority with respect to proxies for purposes of Rule 14a- 4(c) under the Exchange Act.


About CELLULAR BIOMEDICINE GROUP, INC. (NASDAQ:CBMG)

Cellular Biomedicine Group, Inc. (CBMG) is a biomedicine company. The Company is engaged in the development of treatments for cancerous and degenerative diseases utilizing cell-based technologies. The Company operates in Biomedicine Cell Therapy segment. The Company’s technology includes platforms, such as Immune Cell therapy for treatment of broad range of cancers using Vaccine, T Cells Receptor (TCR) clonality analysis technology and T Central Memory Cell (Tcm) preparation methodologies, Chimeric Antigen Receptor T cell (CAR-T), and human adipose-derived mesenchymal progenitor cells (haMPC) for treatment of joint and autoimmune diseases, with primary research and manufacturing facilities in China. It is focused on developing and marketing cell-based therapies based on its cellular platforms, to treat serious chronic and degenerative diseases, such as cancer, orthopedic diseases, including osteoarthritis and tissue damage, various inflammatory diseases and metabolic diseases.

CELLULAR BIOMEDICINE GROUP, INC. (NASDAQ:CBMG) Recent Trading Information

CELLULAR BIOMEDICINE GROUP, INC. (NASDAQ:CBMG) closed its last trading session up +0.05 at 12.70 with 10,275 shares trading hands.

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