Simulations Plus 8-K Details Financials, Officer Compensation

Ticker: SLP · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1023459

Complexity: simple

Sentiment: neutral

Topics: financial-condition, executive-compensation, results-of-operations

TL;DR

**SLP just dropped an 8-K on financials and exec pay, worth a look.**

AI Summary

Simulations Plus, Inc. filed an 8-K on January 3, 2024, reporting on its results of operations and financial condition, as well as changes in compensatory arrangements for certain officers. This filing indicates that the company is providing updates on its financial performance and executive compensation, which are key factors for investors. This matters to shareholders because it offers transparency into the company's financial health and how executive incentives are structured, both of which can influence future stock performance.

Why It Matters

This filing provides investors with current information on Simulations Plus's financial performance and executive compensation, which are crucial for evaluating the company's operational efficiency and governance.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and compensation arrangements, not indicating any immediate high-risk events.

Analyst Insight

A smart investor would review the full 8-K filing to understand the detailed financial results and the specifics of the compensatory arrangements for officers, as these details are not provided in this summary but are indicated as being present in the filing.

Key Numbers

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 3, 2024, which is also the filing date.

What specific items are disclosed in this 8-K filing by Simulations Plus, Inc.?

This 8-K filing discloses 'Results of Operations and Financial Condition', 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', and 'Regulation FD Disclosure'.

What is the trading symbol and the exchange where Simulations Plus, Inc.'s common stock is registered?

The trading symbol for Simulations Plus, Inc.'s common stock is SLP, and it is registered on The Nasdaq Stock Market LLC.

What is the par value per share of Simulations Plus, Inc.'s Common Stock?

The par value per share of Simulations Plus, Inc.'s Common Stock is $0.001.

What is the business address and phone number of Simulations Plus, Inc. as stated in the filing?

The business address is 42505 10th Street West, Lancaster, California 93534-7059, and the phone number is 661-723-7723.

Filing Stats: 1,031 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-01-03 16:06:41

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 3, 2024, Simulations Plus, Inc., a California corporation (the "Company"), issued a press release announcing financial results for its first quarter of fiscal year 2024 ended November 30, 2023. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report"). Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Compensatory Arrangements of Certain Officers. One January 3, 2024, Will Frederick, the Company's Chief Financial Officer, was appointed to the additional role of Chief Operating Officer. Mr. Frederick will continue to serve as Chief Financial Officer of the Company, which position he has held since December 2020. There will be no change in Mr. Frederick's current compensation as a result of his assumption of the additional role of Chief Operating Officer. There is no arrangement or understanding between Mr. Frederick and any other person pursuant to which Mr. Frederick was appointed as Chief Operating Officer and Mr. Frederick has no direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. No family relationship exists between Mr. Frederick and any other director or executive officer of the Company. The information required to be disclosed pursuant to Item 401(e) of Regulation S-K is incorporated herein by reference to the Definitive Proxy Statement filed by the Company with the Securities and Exchange Commission (the "Commission") on December 22, 2023.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 3, 2024, the Company issued a press release announcing the appointment of various individuals to leadership roles within the Company, including the appointment of Mr. Frederick as Chief Operating Officer. The press release is furnished as Exhibit 99.2 to this Report. On January 3, 2024, the Company held an investor conference call reporting its financial results for its first quarter of fiscal year 2024 ended November 30, 2023. The PowerPoint presentation, which was used for this investor conference call, is attached as Exhibit 99.3 to this Report. In accordance with General Instructions B.2 of Form 8-K, the information in this Report, including Exhibits 99.1, 99.2, and 99.3 (collectively, the "Exhibits"), is being 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 liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Report. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This Report, including the disclosures set forth herein and in the Exhibits attached hereto, contains certain forward-looking statements that involve substantial risks and uncertainties. When used herein, the terms "anticipates," "expects," "estimates," "believes" and similar expressions, as they relate to us or our management, are intended to identify such forward-looking statements. Forward-looking statements in this Report or reports hereafter furnished, including in other publicly available documents filed with the Commission, to the Company's stockholders and other publicly available statements issued or released by us involve known and unknown risks, uncertainties and other factors which could cause o

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press release issued on January 3, 2024. 99.2 Press release issued on January 3, 2024. 99.3 PowerPoint presentation used at the Investor Conference Call on January 3, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 thereunto duly authorized. SIMULATIONS PLUS, INC. Dated: January 3, 2024 By: /s/ Will Frederick Will Frederick Chief Financial and Operating Officer 3

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