Palatin Technologies Files 8-K on Shareholder Nominations
Ticker: PTN · Form: 8-K · Filed: Sep 6, 2024 · CIK: 911216
| Field | Detail |
|---|---|
| Company | Palatin Technologies Inc (PTN) |
| Form Type | 8-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-nomination, rule-14a-11, corporate-governance
Related Tickers: PTN
TL;DR
Palatin Tech (PTN) filed an 8-K about shareholder nominations - could mean board shakeup.
AI Summary
Palatin Technologies, Inc. filed an 8-K on September 6, 2024, reporting shareholder nominations pursuant to Exchange Act Rule 14a-11. The filing date for the report is September 5, 2024. No specific dollar amounts or further details on the nominations were provided in this initial filing.
Why It Matters
This filing indicates potential changes or activism from shareholders regarding board composition or company direction.
Risk Assessment
Risk Level: medium — Shareholder nominations can signal dissatisfaction and potential disruption to current management or strategy.
Key Players & Entities
- Palatin Technologies, Inc. (company) — Registrant
- September 5, 2024 (date) — Date of earliest event reported
- September 6, 2024 (date) — Filing date
- Exchange Act Rule 14a-11 (legal_document) — Regulation cited for shareholder nominations
FAQ
What is the specific nature of the shareholder nominations filed under Rule 14a-11?
The provided text states that the 8-K is "Pursuant to Section 13 or 15(d) of the Securities Exchange Act Of 1934" and specifically mentions "Shareholder Nominations Pursuant to Exchange Act Rule 14a-11." However, the details of these nominations are not elaborated upon in the provided excerpt.
Who are the shareholders making these nominations?
The filing excerpt does not specify the names of the shareholders making the nominations.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on September 5, 2024.
What is Palatin Technologies' principal executive office address?
Palatin Technologies' principal executive offices are located at 4B Cedar Brook Drive, Cranbury, NJ 08512.
What is the Commission File Number for Palatin Technologies?
Palatin Technologies' Commission File Number is 001-15543.
Filing Stats: 691 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-09-06 16:35:29
Filing Documents
- ptn_8k.htm (8-K) — 24KB
- 0001654954-24-011592.txt ( ) — 141KB
- ptn-20240905.xsd (EX-101.SCH) — 6KB
- ptn-20240905_lab.xml (EX-101.LAB) — 14KB
- ptn-20240905_cal.xml (EX-101.CAL) — 1KB
- ptn-20240905_pre.xml (EX-101.PRE) — 9KB
- ptn-20240905_def.xml (EX-101.DEF) — 2KB
- ptn_8k_htm.xml (XML) — 4KB
08 Shareholder Director Nominations
Item 5.08 Shareholder Director Nominations. Palatin Technologies, Inc. (the "Company") has established December 12, 2024 as the date of the Company's annual meeting of stockholders for the fiscal year ended June 30, 2024 (the "Annual Meeting"), and October 28, 2024 as the record date for determining stockholders entitled to notice of, and to vote at, the Annual Meeting. The time, place, and detailed information regarding the proposals to be presented at the Annual Meeting will be set forth in a Definitive Proxy Statement on Schedule 14A to be filed with the U.S. Securities and Exchange Commission. Because the date of the Annual Meeting will be more than 30 days from the anniversary of the Company's annual meeting of stockholders for the fiscal year ended June 30, 2023 held on June 27, 2024, the deadline for submission of proposals by stockholders for inclusion in the Company's proxy materials for the Annual Meeting, in accordance with Rule 14a-8 under the Exchange Act of 1934, as amended (the "Exchange Act"), will be October 21, 2024, which the Company has determined to be a reasonable time before it expects to begin to print and send its proxy materials. Any such proposal must also meet the requirements set forth in the rules and regulations of the Exchange Act in order to be eligible for inclusion in the proxy materials for the Annual Meeting. In addition, in accordance with the Company's Amended and Restated Bylaws, any stockholder who intends to nominate a person for election as a director or submit a proposal for inclusion at the Company's Annual Meeting must provide notice on or before the close of business on September 13, 2024. Such notice must comply with the specific requirements set forth in the Company's Amended and Restated Bylaws in order to be considered at the Annual Meeting. Any such proposal shall be marked for the attention of the Secretary and mailed to our executive offices, 4B Cedar Brook Drive, Cranbury, NJ 08512. 2
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. PALATIN TECHNOLOGIES, INC. Date: September 6, 2024 By: /s/ Stephen T. Wills Stephen T. Wills, CPA, MST Executive Vice President, Chief Financial Officer and Chief Operating Officer 3