RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On June 21, 2017, the shareholders of RiceBran Technologies
(“Company”) approved an amendment to the Company’s 2014 Equity
Incentive Plan (2014 Plan) increasing the number of shares of
common stock issuable thereunder by 1,700,000.
A copy of the 2014 Plan, as amended, is attached hereto as
Exhibit 10.1 and is incorporated by reference herein.
The Companys Annual Meeting of Shareholders was held on June 21,
2017. At the Annual Meeting, the shareholders voted on the
following proposals and cast their votes as described below.
1. |
Election of seven (7) members to the board of directors:
|
|
Votes For
|
Votes Withheld
|
|
|
Robert D. Smith, Ph.D. |
4,224,854 |
146,745 |
|
Brent Rosenthal |
4,206,500 |
165,099 |
|
Beth Bronner |
4,162,397 |
209,202 |
|
Ari Gendason |
4,180,396 |
191,203 |
|
David Goldman |
4,224,761 |
146,838 |
|
Baruch Halpern |
3,664,391 |
707,209 |
|
Henk W. Hoogenkamp |
4,249,881 |
121,718 |
2. |
Approved amendments to the Companys articles of
incorporation that would effect a reverse stock split, to which either two, three or four outstanding shares of the Companys common stock would be combined into one share of such stock, and to authorize the Companys board of directors, at its discretion, to select and file one such amendment which would affect the reverse stock split at one of these three reverse split ratios on or before June 21, 2018, if deemed appropriate: |
|
Votes For
|
Votes Against
|
Abstained
|
|
5,717,394 |
1,718,088 |
61,204 |
3. |
Approved an amendment to the Companys 2014 Plan to
increase by 1,700,000 shares the number of shares authorized for issuance thereunder: |
|
Votes For
|
Votes Against
|
Abstained
|
|
3,520,688 |
807,485 |
43,426 |
4. |
Approved, on a nonbinding advisory basis, the
compensation of our named executive officers: |
|
Votes For
|
Votes Against
|
Abstained
|
|
3,848,354
|
477,616
|
45,630 |
5. |
Ratified the appointment of Marcum, LLP as the Companys
independent registered public accounting firm for the for the year ending December 31, 2017: |
|
Votes For
|
Votes Against
|
Abstained
|
|
7,279,386 |
70,439 |
262,703 |
|
Exhibit No.
|
Description
|
|
|
10.1
|
2014 Equity Incentive Plan, as amended.
|
RiceBran Technologies ExhibitEX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 RiceBran Technologies __________________________ 2014 EQUITY INCENTIVE PLAN [as amended as of June 21,…To view the full exhibit click here About RICEBRAN TECHNOLOGIES (NASDAQ:RIBT)
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products. The Brazil segment consists of the operations of Nutra S.A. LLC subsidiary, whose only operating subsidiary is Industria Riograndens De Oleos Vegetais Ltda. (Irgovel).