Simulations Plus 8-K: Leadership, Compensation, Shareholder Vote Updates

Ticker: SLP · Form: 8-K · Filed: Feb 12, 2024 · CIK: 1023459

Complexity: simple

Sentiment: neutral

Topics: corporate-governance, executive-changes, shareholder-vote

TL;DR

**SLP filed an 8-K on Feb 8th, signaling potential changes in leadership, executive pay, or upcoming shareholder votes.**

AI Summary

Simulations Plus, Inc. (SLP) filed an 8-K on February 12, 2024, reporting events that occurred on February 8, 2024. This filing indicates that the company is reporting on matters related to the departure or election of directors or officers, their compensatory arrangements, and the submission of matters to a vote of security holders. For investors, this means there might be changes in leadership or executive compensation, or important shareholder votes, which could influence the company's future direction and financial performance.

Why It Matters

Changes in leadership or executive compensation can signal shifts in company strategy or financial health, directly impacting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Changes in leadership or compensation can introduce uncertainty, but the specific details are not yet disclosed, making the risk moderate.

Analyst Insight

A smart investor would monitor for subsequent filings or press releases from Simulations Plus, Inc. that provide specific details on the reported events, especially regarding any changes in key personnel or executive compensation, as these could impact future company performance and stock valuation.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the earliest event date reported in this 8-K filing by Simulations Plus, Inc.?

The earliest event reported in this 8-K filing by Simulations Plus, Inc. occurred on February 8, 2024.

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

Simulations Plus, Inc. is reporting on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Submission of Matters to a Vote of Security Holders', and 'Financial Statements and Exhibits'.

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

Simulations Plus, Inc.'s common stock trades under the symbol SLP and 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.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on February 12, 2024.

Filing Stats: 934 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-02-12 16:01:30

Key Financial Figures

Filing Documents

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders: On February 8, 2024, the Company held the Annual Meeting in a virtual format. At the Annual Meeting, 14,786,576 or approximately 74% , of the Company's 19,965,900 issued and outstanding shares of common stock entitled to vote as of December 13, 2023, the record date for the Annual meeting, were represented by proxy. The proposals voted on at the Annual Meeting are more fully described in the Proxy Statement and are incorporated by reference herein. The final voting results on the proposals presented for shareholder approval at the Annual Meeting were as follows: 1. Proposal No. 1: To elect five individuals to serve on the Company's Board until the next Annual Meeting of Shareholders of the Company or until their successors are duly elected and qualified, subject to prior death, resignation, or removal. The votes were cast for this matter as follows: Nominees Votes For Votes Withheld Broker Non-votes Walter Woltosz 13,261,269 187,879 1,337,428 Dr. John K. Paglia 13,233,814 215,334 1,337,428 Sharlene Evans 13,301,624 147,524 1,337,428 Dr. Daniel Weiner 13,223,857 225,291 1,337,428 Lisa LaVange 13,225,460 223,688 1,337,428 As a result, each of the foregoing individuals were elected to serve as directors on the Company's Board until the next Annual Meeting of Shareholders of the Company or until their successors are duly elected and qualified, subject to prior death, resignation, or removal. 2. Proposal No. 2: To ratify the selection of Rose, Snyder & Jacobs LLP as the independent registered public accounting firm for the Company for the fiscal year ending August 31, 2024. This proposal was approved based upon the following votes: Votes For Votes Against Votes Abstaining 14,691,828 88,690 6,058 3. Proposal No. 3: To approve an amendment to the 2021 Plan to increase the number of shares authorized for issuance thereunder from 1,550,000 shares to 2,500,000 shares of common stock of the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Second Amendment to 2021 Equity Incentive Plan, of Simulations Plus, Inc., dated February 8, 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: February 12, 2024 By: /s/ Will Frederick Will Frederick Chief Financial Officer and Chief Operating Officer 1

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