AquaBounty Technologies Announces Director Changes and Compensation Updates

TL;DR

AquaBounty's board is changing, and exec pay is getting an update. Big governance news!

AI Summary

AquaBounty Technologies, Inc. announced on June 6, 2024, the appointment of new directors and changes in its officer compensation arrangements. The company also reported on matters submitted to a vote of security holders and provided financial statement disclosures. This filing details significant corporate governance and compensation updates for the company.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and officer compensation can introduce uncertainty regarding future strategic direction and operational execution.

Key Players & Entities

• AquaBounty Technologies, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• June 6, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share AQB The NASDAQ Stock Mark

Filing Documents

• aqb-20240606x8k.htm (8-K) — 158KB
• aqb-20240606xex99_1.htm (EX-99.1) — 17KB
• aqb-20240606xex99_1g001.jpg (GRAPHIC) — 13KB
• 0001603978-24-000044.txt ( ) — 322KB
• aqb-20240606.xsd (EX-101.SCH) — 2KB
• aqb-20240606_lab.xml (EX-101.LAB) — 17KB
• aqb-20240606_pre.xml (EX-101.PRE) — 12KB
• aqb-20240606x8k_htm.xml (XML) — 5KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. On June 6, 2024, the Company held the Annual Meeting, which had been adjourned from its originally scheduled date of May 23, 2024, to consider and vote on the three proposals set forth below, each of which is described in greater detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 5, 2024. The final voting results are set forth below. Proposal 1 – Election of Directors The stockholders elected each person named below to serve as a director on the Board for a one-year term of office until the next annual meeting of stockholders, with each director to hold office until his or her successor is duly elected and qualified or until his or her earlier resignation or removal. The results of such vote were as follows: Director Name Votes For Votes Withheld Broker Non-Votes Ricardo J. Alvarez 743,806 187,052 1,024,686 Erin Sharp 744,730 186,128 1,024,686 Gail Sharps Myers 742,863 187,995 1,024,686 Christine St.Clare 740,935 189,923 1,024,686 Rick Sterling 744,279 186,579 1,024,686 Michael Stern 745,066 185,792 1,024,686 Sylvia A. Wulf 721,018 209,840 1,024,686 Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm The stockholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The results of such vote were as follows: Votes For Votes Against Abstentions Broker Non-Votes 1,508,380 416,722 30,442 0 Proposal 3 – Approval, on a Non-Binding, Advisory Basis, of the Compensation of the Company's Named Executive Officers The stockholders approved, on a non-binding, advisory basis, the compensation paid to the Company's named executive officers. The results of such vote were as follows: Votes For Votes Against Abstentions

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On June 7, 2024, the Company issued a press release announcing [the appointment of Mr. Melbourne as Chief Executive Officer of the Company]. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information set forth in this Item 7.01, including Exhibit 99.1, is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Description 99.1 Press release, dated June 7, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AquaBounty Technologies, Inc. (Registrant) Date: June 7, 2024 /s/ David A. Frank David A. Frank Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR