Item 3.03. Material Modification to Rights of Security Holders.
The information provided under Item 5.03 below of this Current Report on Form
8-K is hereby incorporated by reference into this Item 3.03.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On June 14, 2022, the board of directors (the "Board") of Adamis Pharmaceuticals
Corporation (the "Company") approved amendments to the Company's Amended and
Restated Bylaws (the "Bylaws"), effective immediately. The amendments, among
other things, modified the provisions for determining the presence of a quorum
at all meetings of stockholders, to provide that the presence, in person, by
remote communication, if applicable, or by proxy, of both (i) the holders of a
majority in voting power of the capital stock issued and outstanding and
entitled to vote on one or more matters to be voted on at the meeting, and (ii)
the holders of at least one-third of all issued and outstanding shares of Common
Stock entitled to vote, will constitute a quorum at all meetings of the
stockholders for the transaction of business, and to provide that where a
separate vote by a class or classes or series is required, except where
otherwise provided by law or by the Company's Restated Certificate of
Incorporation or the Bylaws, a majority in voting power of the outstanding
shares, rather than a majority of the outstanding shares as was provided prior
to the amendment, of such class or classes or series, present in person, by
remote communication, if applicable, or represented by proxy duly authorized,
shall constitute a quorum entitled to take action with respect to that vote on
that matter. Prior to the amendments, the presence, in person, by remote
communication, if applicable, or by proxy duly authorized, of the holders of a
majority of the outstanding shares of stock entitled to vote, would constitute a
quorum for the transaction of business. The amendments also provide in the
absence of a quorum, any meeting of stockholders may be adjourned, from time to
time, either by the chairman of the meeting or by vote of the holders of a
majority in voting power of the shares, rather than by a majority of the shares,
represented at the meeting. Prior to the amendments, a meeting could be
adjourned either by the chairman of the meeting or by the vote of the holders of
a majority of the shares represented at the meeting.
The foregoing brief description of the Company's amended Bylaws is qualified in
its entirety by the full text of the Bylaws, as amended, filed as Exhibit 3.1
hereto and incorporated herein by reference.
© Edgar Online, source Glimpses