22nd Century Group Amends Bylaws, Submits Shareholder Matters
Ticker: XXII · Form: 8-K · Filed: Feb 15, 2024 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, bylaw-amendment, shareholder-vote
Related Tickers: XXII
TL;DR
**22nd Century Group is making corporate governance changes, including bylaw amendments and shareholder votes, as of Feb 15, 2024.**
AI Summary
On February 15, 2024, 22nd Century Group, Inc. filed an 8-K reporting amendments to its Articles of Incorporation or Bylaws and the submission of matters to a vote of security holders. The filing also indicated a change in fiscal year. Specific details regarding the nature of these amendments or matters were not provided in this initial filing snippet.
Why It Matters
Changes to a company's foundational documents like bylaws can impact corporate governance, shareholder rights, and operational flexibility. Submitting matters to a shareholder vote indicates significant decisions are being made that require investor approval.
Risk Assessment
Risk Level: medium — The filing indicates changes to corporate governance documents and shareholder voting, which can significantly alter company operations or shareholder rights, though specific details are not provided.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- February 15, 2024 (date) — Date of earliest event reported
- Nevada (location) — State of Incorporation
- 0001347858 (identifier) — Central Index Key (CIK)
FAQ
What company filed this 8-K?
22nd Century Group, Inc. filed this 8-K.
What was the date of the earliest event reported in this 8-K?
The date of the earliest event reported was February 15, 2024.
What specific items were reported in this 8-K filing?
The filing reported amendments to Articles of Incorporation or Bylaws, a change in fiscal year, and the submission of matters to a vote of security holders.
In which state is 22nd Century Group, Inc. incorporated?
22nd Century Group, Inc. is incorporated in Nevada.
What is the Central Index Key (CIK) for 22nd Century Group, Inc.?
The Central Index Key (CIK) for 22nd Century Group, Inc. is 0001347858.
Filing Stats: 534 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-02-15 16:30:52
Key Financial Figures
- $0.00001 — nge on Which Registered Common Stock, $0.00001 par value per share XXII Nasdaq Capit
Filing Documents
- tm246117d1_8k.htm (8-K) — 25KB
- 0001104659-24-024555.txt ( ) — 196KB
- xxii-20240215.xsd (EX-101.SCH) — 3KB
- xxii-20240215_lab.xml (EX-101.LAB) — 33KB
- xxii-20240215_pre.xml (EX-101.PRE) — 22KB
- tm246117d1_8k_htm.xml (XML) — 4KB
03. Amendments to Articles
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On February 15, 2024, the stockholders of the Company approved an amendment (the "Amendment") to the Company's Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from sixty-six million, six hundred sixty-six thousand sixty hundred sixty-seven (66,666,667) to two hundred fifty million (250,000,000) which Amendment was filed and effective with the Secretary of the State of Nevada on February 15, 2024. The Amendment was filed as Appendix B to the Company's definitive proxy statement filed December 11, 2023 and the terms thereof are incorporated herein by reference.
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. A 2024 Special Meeting of Stockholders of the Company was recommenced on Thursday, February 15, 2024 to vote on the following proposal: (1) To approve an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of common stock from sixty-six million, six hundred sixty-six thousand sixty hundred sixty-seven (66,666,667) to two hundred fifty million (250,000,000). In accordance with the voting results listed below, the proposal was approved. For Against Abstain Broker non-votes 21,999,112 7,351,104 198,805 0
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. 22ND CENTURY GROUP, INC. /s/ Lawrence Firestone Date: February 15, 2024 Lawrence Firestone Chief Executive Officer