GI DYNAMICS, INC. (OTCMKTS:GIDYL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
On June 30, 2019, GI Dynamics, Inc. (the “Company”) issued two warrants to purchase CHESS Depositary Interests (“CDIs”) (with each CDI representing 1/50th of a share of the Company’s Common Stock, US$0.01 par value per share (the “Common Stock”)) or Common Stock, the issuance of which were previously agreed upon on March 15, 2019 and May 8, 2019, respectively, pending the approval of the Company’s stockholders. The Company solicited and received stockholder approval for the issuance of these warrants, as reflected in the reporting of the votes for Proposals 3 and 5 in Item 5.07 of this Current Report on Form 8-K.
The Company held its annual meeting of stockholders (the “Annual Meeting”) at the offices of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., One Financial Center, Boston, MA 02111, on June 30, 2019. Of the Company’s 19,277,546 shares of common stock issued and outstanding and eligible to vote as of the record date of May 19, 2019, a quorum of 16,064,750 shares, or 83.33% of the eligible shares, was present in person or represented by proxy. Each of the matters set forth below is described in detail in the definitive proxy statement filed with the Securities and Exchange Commission on June 20, 2019 (the “Proxy Statement”). The following actions were taken at the Annual Meeting:
Proposal 1—To elect the one Class II director nominee named in the Proxy Statement to serve a three-year term expiring in 2022.
