Form 8-K - Current report
June 07 2024 - 5:00PM
Edgar (US Regulatory)
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0001725430
0001725430
2024-06-06
2024-06-06
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): June 6, 2024
INTELLIGENT
BIO SOLUTIONS INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-39825 |
|
82-1512711 |
(State
of Incorporation) |
|
(Commission
File Number) |
|
(IRS
employer
identification no.) |
142
West, 57th Street, 11th
Floor
New
York, NY 10019
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (646) 828-8258
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.01 par value |
|
INBS |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Director
Resignation
On
June 6, 2024, Christopher Towers resigned from the Board of Directors (the “Board”) of Intelligent Bio Solutions Inc. (the
“Company”), effective June 7, 2024. In connection with his resignation, Mr. Towers also resigned from the Audit Committee,
the Compensation Committee and the Nominating and Corporate Governance Committee of the Board. At the time of his resignation, Mr. Towers
was the Chairman of the Audit Committee and the Nominating and Corporate Governance Committee. The Company is grateful to Mr. Towers
for his service and contributions to the Board.
Mr.
Tower’s resignation was not due to any disagreement with the Company on any matter relating to its operations, policies or practices.
Appointment
of New Director
On
June 7, 2024, upon recommendation of the Nominating and Corporate Governance Committee, the Board appointed Nicola Fraser to the Board
to fill the vacancy created by Mr. Tower’s resignation. Ms. Fraser was also appointed by the Board to the Audit Committee and will
serve as the Chair of the Audit Committee. The Board determined that Ms. Fraser is “independent” within the meaning of the
rules of the Nasdaq Stock Market. Ms. Fraser was appointed until her successor is duly elected and qualified. Below is certain biographical
information regarding Ms. Fraser.
Nicola
Fraser, age 48, is currently the Managing Partner of NextKey Services LLC, a financial consulting company she co-founded in 2019 that
advises high-growth companies on strategic financial matters. From 2015 to 2018, prior to founding NextKey, Ms. Fraser served as Executive
Director – Finance, Regulatory Capital at JP Morgan Chase. While at JP Morgan Chase and in her previous senior executive positions
at Fannie Mae and Deloitte, she led significant financial transformations and regulatory compliance initiatives. Ms. Fraser is an active
CPA, licensed in Texas, and holds an AICPA Chartered Global Management Accountant (CGMA) designation.
There
are no family relationships between Ms. Fraser and any of the Company’s directors or executive officers.
There
are no arrangements or understandings between Ms. Fraser and any other person pursuant to which she was selected as a director. There
has been no related person transaction, nor is there any currently proposed related person transaction, between Ms. Fraser and the Company
that would require disclosure under Item 404(a) of Regulation S-K.
Ms.
Fraser will be entitled to receive the same compensation and indemnification for her service on the Board and its committees as the Company’s
other independent directors, as described in the Company’s Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange
Commission on November 16, 2023.
Other
Committee Appointments
On
June 7, 2024, to fill the vacancies caused by Mr. Tower’s resignation, the Board appointed Steven Boyages to both the Compensation
Committee and the Nominating and Corporate Governance Committee. Mr. Boyages was also appointed as the Chair of the Nominating and Corporate
Governance Committee. As a result of the new committee appointments, the committees of the Board of Directors now consist of the following
members:
Audit
Committee: Nicola Fraser (Chair), Lawrence Fisher, and Jonathan Hurd
Compensation
Committee: Jonathan Hurd (Chair), Steven Boyages, and Lawrence Fisher
Nominating
and Corporate Governance Committee: Steven Boyages (Chair), Jonathan Hurd, and Jason Isenberg
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.
Date:
June 7, 2024 |
|
|
|
INTELLIGENT
BIO SOLUTIONS INC. |
|
|
|
|
By:
|
/s/
Spiro Sakiris |
|
Name:
|
Spiro
Sakiris |
|
Title: |
Chief
Financial Officer |
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Document Period End Date |
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|
Entity File Number |
001-39825
|
Entity Registrant Name |
INTELLIGENT
BIO SOLUTIONS INC.
|
Entity Central Index Key |
0001725430
|
Entity Tax Identification Number |
82-1512711
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
142
West, 57th Street
|
Entity Address, Address Line Two |
11th
Floor
|
Entity Address, City or Town |
New
York
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10019
|
City Area Code |
(646)
|
Local Phone Number |
828-8258
|
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Title of 12(b) Security |
Common
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|
Trading Symbol |
INBS
|
Security Exchange Name |
NASDAQ
|
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