8-KThe WireRed Alert
Executive Change
Filed Aug 19, 2024 · 1y ago · Accession 0001493152-24-033053
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): August 14, 2024
PROVECTUS
BIOPHARMACEUTICALS, INC.
(Exact
name of registrant as specified in charter)
Delaware
001-36457
90-0031917
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
800
S. Gay Street , Suite 1610 , Knoxville , TN 37929
(Address
of Principal Executive Offices) (Zip Code)
(866)
594-5999
(Registrant’s
Telephone Number, Including Area Code)
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 ( see General Instruction A.2. below):
☐
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
None
N/A
N/A
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
On
August 14, 2024, the Board of Directors (the “Board”) of Provectus Biopharmaceuticals, Inc. (the “Company”)
approved the conversion of accrued but unpaid directors’ fees of current and former Board members owed through September 30, 2024
(“Accrued Fees”) into the Company’s Series D-1 Preferred Stock (“Preferred Stock”) at a price per share
equal to $2.862 and the issuance of this Preferred Stock to current and former Board members. The Preferred Stock is being issued to
satisfy payment of outstanding cash fees owed to the Company’s directors and is not being issued as a separate award under the
Company’s 2024 Equity Compensation Plan. The total amount of Accrued Fees through September 30, 2024 will be $2,131,838.75, which
would convert into 744,878 shares of Preferred Stock, which would convert into 7,448,780 shares of Common Stock.
On
April 12, 2017, the Board approved the accrual of directors’ fees until such time as the Board authorized the payment of director
compensation, as reported on the Company’s Form 8-K filed on April 18, 2017.
2
SIGNATURE
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:
August 19, 2024
PROVECTUS
BIOPHARMACEUTICALS, INC.
By:
/s/
Heather Raines
Heather
Raines, CPA
Chief
Financial Officer
3
Filing details
- Ticker
- PVCT
- CIK
- 315545
- Form type
- 8-K
- Filing date
- Aug 19, 2024
- Report date
- Aug 14, 2024
- Document
- form8-k.htm
- Size
- 199 KB