Skyline Medical Inc. (NASDAQ:SKLN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
On January 26, 2017, the Certificate of Incorporation of Skyline
Medical Inc. (the Company) was amended to increase the number of
authorized shares of common stock from 8,000,000 to 24,000,000
shares of common stock, $0.01 par value. The Certificate of
Amendment is filed as Exhibit 3.1.
Item 5.07 Submission of Matters to a Vote of Security
Holders.
At a special meeting of stockholders taking place on January 26,
2017, the Companys stockholders took the following actions:
(i) The stockholders approved an amendment to the Companys
certificate of incorporation to increase the number of authorized
shares of common stock from 8,000,000 to 24,000,000. There were
2,586,223 votes cast for the proposal; 410,282 votes were cast
against the proposal, and 86,661 votes abstained. There were no
broker non-votes.
(ii) The stockholders approved a proposal to adjourn the Special
Meeting, if necessary, to solicit additional proxies if there
were not sufficient votes at the time of the Special Meeting to
approve the proposal to increase the authorized shares of common
stock (Proposal 1). There were 2,657,505 votes cast for the
proposal; 336,597 votes were cast against the proposal, and
89,064 votes abstained. There were no broker non-votes.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits | |
| 3.1 | Certificate of Amendment filed January 26, 2017 | |
About Skyline Medical Inc. (NASDAQ:SKLN)
Skyline Medical Inc. is a medical device company that develops and manufactures The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Company distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. The Company also manufactures and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution. Both items are used on a single procedure basis. Its STREAMWAY Automated Surgical Fluid Waste Management System (FMS) is a wall mounted automated system that disposes of an unlimited amount of suctioned fluid from the patient using standard surgical tubing. The FMS suctions surgical waste fluid from the patient using standard surgical tubing. Skyline Medical Inc. (NASDAQ:SKLN) Recent Trading Information
Skyline Medical Inc. (NASDAQ:SKLN) closed its last trading session down -0.10 at 2.24 with 321,140 shares trading hands.