0001654954-22-001131.txt : 20220204 0001654954-22-001131.hdr.sgml : 20220204 20220204164228 ACCESSION NUMBER: 0001654954-22-001131 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20220204 FILED AS OF DATE: 20220204 DATE AS OF CHANGE: 20220204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Intellipharmaceutics International Inc. CENTRAL INDEX KEY: 0001474835 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53805 FILM NUMBER: 22594041 BUSINESS ADDRESS: STREET 1: 30 WORCESTER ROAD CITY: TORONTO STATE: A6 ZIP: M9W 5X2 BUSINESS PHONE: 416-798-3001 MAIL ADDRESS: STREET 1: 30 WORCESTER ROAD CITY: TORONTO STATE: A6 ZIP: M9W 5X2 FORMER COMPANY: FORMER CONFORMED NAME: IntelliPharmaCeutics International Inc. DATE OF NAME CHANGE: 20091020 6-K 1 form6-k.htm PRIMARY DOCUMENT form6-k
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of February 2022.
 
Commission File Number: 000-53805
 
Intellipharmaceutics International Inc.
(Translation of registrant's name into English)
 
30 WORCESTER ROAD TORONTO, ONTARIO M9W 5X2
(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ x ]   Form 40-F [  ]
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):       
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):       
 
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
 
This Report of Foreign Private Issuer on Form 6-K and the attached exhibit 99.1 shall be incorporated by reference into the Company's effective Registration Statements on Form F-3, as amended and supplemented (Registration Statement Nos. 333-172796, 333-218297), filed with the Securities and Exchange Commission, from the date on which this Report is filed, to the extent not superseded by documents or reports subsequently filed or furnished by Intellipharmaceutics International Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934.
 
 
 
 
EXHIBIT LIST
 
Exhibit
Description
99.1
News Release dated February 4, 2022 - Intellipharmaceutics Reports Director Election Results
99.2  
Report on Voting Results
 
 
 
 
 
 
 
 
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.
 
 
 
Intellipharmaceutics International Inc. 
 (Registrant) 
 /s/ Dr. Amina Odidi
Date: February 4, 2022
 
Dr. Amina Odidi
 President, Chief Operating Officer and Acting Chief Financial Officer
 
 
 
 
 
 
 
EX-99.1 2 ex991_pressrelease.htm EXHIBIT 99.1 ex991_pressrelease
  EXHIBIT 99.1
 
 
Intellipharmaceutics Reports Director Election Results
 
Toronto, Ontario, February 4, 2022, Intellipharmaceutics International Inc. (OTCQB: IPCIF and TSX: IPCI) ("Intellipharmaceutics" or the "Company"), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs, reports, as required by TSX rules, that the six nominees, each of whom was an incumbent director of the Company, identified in the Management Information Circular dated December 21, 2021 (the “Circular”) were elected as directors of the Company at the annual meeting of shareholders of the Company held today (the “Meeting”).  The voting results, as set out in the scrutineer’s report for the Meeting, were as follows:
 
Name of Nominee
 
Votes For
 
 
Votes Withheld
 
Dr. Isa Odidi
  10,810,980 
  2,196,903 
 
  83.1%
  16.9%
Dr. Amina Odidi
  10,811,457 
  2,196,426 
 
  83.1%
  16.9%
Bahadur Madhani
  11,011,116 
  1,996,767 
 
  84.6%
  15.4%
Norman Betts
  11,014,364 
  1,993,519 
 
  84.7%
  15.3%
Shawn Graham
  11,025,529 
  1,982,354 
 
  84.8%
  15.2%
 
 
All other resolutions tabled for consideration at the Meeting, as set out in the Circular, were also approved by shareholders of the Company. See the Company’s Report on Voting Results filed under the Company’s profile on SEDAR at www.sedar.com for additional details.
 
About Intellipharmaceutics
 
Intellipharmaceutics International Inc. is a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs. The Company’s patented Hypermatrix™ technology is a multidimensional controlled-release drug delivery platform that can be applied to a wide range of existing and new pharmaceuticals.
 
Intellipharmaceutics has developed several drug delivery systems based on this technology platform, with a pipeline of products (some of which have received FDA approval) in various stages of development. The Company has ANDA and NDA 505(b)(2) drug product candidates in its development pipeline. These include the Company’s abuse-deterrent oxycodone hydrochloride extended release formulation (“Oxycodone ER”) based on its proprietary nPODDDS™ novel Point Of Divergence Drug Delivery System (for which an NDA has been filed with the FDA), and Regabatin™ XR (pregabalin extended-release capsules).
 
 
 
 
 
Cautionary Statement Regarding Forward-Looking Information
 
Certain statements in this document constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and/or “forward-looking information” under the Securities Act (Ontario). These statements include, without limitation, statements expressed or implied regarding our expectations regarding our plans, goals and milestones, status of developments or expenditures relating to our business, plans to fund our current activities, risks associated with the novel coronavirus (COVID-19), including its impact on our business and operations and on the Company’s upcoming AGM and statements concerning our partnering activities, health regulatory submissions, strategy, future operations, future financial position, future sales, revenues and profitability, projected costs and market penetration and risks or uncertainties related to our ability comply with OTCQB Venture Market and TSX requirements. In some cases, you can identify forward-looking statements by terminology such as “appear”, “unlikely”, “target”, “may”, “will”, “should”, “expects”, “plans”, “plans to”, “anticipates”, “believes”, “estimates”, “predicts”, “confident”, “prospects”, “potential”, “continue”, “intends”, “look forward”, “could”, “would”, “projected”, “set to”, “seeking” or the negative of such terms or other comparable terminology. We made a number of assumptions in the preparation of our forward-looking statements. You should not place undue reliance on our forward-looking statements, which are subject to a multitude of known and unknown risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those stated in or implied by the forward-looking statements. Risks and uncertainties relating to us and our business can be found in the “Risk Factors” section of our latest annual information form, our latest Form 20-F, and our latest Form F-1 and Form F-3 registration statements (including any documents forming a part thereof or incorporated by reference therein), as amended, as well as in our reports, public disclosure documents and other filings with the securities commissions and other regulatory bodies in Canada and the U.S., which are available on www.sedar.com and www.sec.gov. The forward-looking statements reflect our current views with respect to future events and are based on what we believe are reasonable assumptions as of the date of this document and we disclaim any intention and have no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
Trademarks used herein are the property of their respective holders.
 
Unless the context otherwise requires, all references to “we,” “us,” “our,” Intellipharmaceutics,” and the “Company” refer to Intellipharmaceutics International Inc. and its subsidiaries.
 
 
 
 

CONTACT INFORMATION
 
Company Contact:
Intellipharmaceutics International Inc.
Isa Odidi
Chief Executive Officer
416.798.3001 ext. 106
investors@intellipharmaceutics.com
 
EX-99.2 3 ex992_votingresults.htm EXHIBIT 99.2 ex992_votingresults
 EXHIBIT 99.2
 
INTELLIPHARMACEUTICS INTERNATIONAL INC.
 
Report of Voting Results
 
This report is being filed pursuant to section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations and discloses the voting results for each matter voted upon at the annual meeting of shareholders of Intellipharmaceutics International Inc. (the “Corporation”) held on February 4, 2022 (the “Meeting”). The total number of shares represented in person or by proxy at the Meeting was 16,724,110 (representing approximately 50.54% of the total issued and outstanding shares of the Corporation).
 
 
 
 
Description of Matter
 
Outcome of Vote
  1. 
Resolution to elect five directors, being Dr. Isa Odidi, Dr. Amina Odidi, Bahadur Madhani, Norman Betts and Shawn Graham, as proposed in the management information circular for the Meeting.
 
 
The five nominees were elected as directors of the Corporation to serve until the next annual meeting of shareholders or until their successors are elected or appointed. This vote was conducted by a show of hands. The scrutineer’s report on voting results is attached as Schedule “A” hereto.
 
  2. 
Resolution to reappoint auditor and to authorize the directors to fix the remuneration thereof, as proposed in the management information circular for the Meeting.
 
 
MNP LLP was reappointed auditor of the Corporation until the next annual meeting of shareholders and the directors were authorized to fix the remuneration to be paid to the auditor. This vote was conducted by a show of hands. The scrutineer’s report on voting results is attached as Schedule “A” hereto.
 
  3. 
Resolution to approve all unallocated options, rights and entitlements under the Company’s stock option plan as more particularly described in the Management Proxy Circular for the meeting.
 
 
As proposed in the Circular, the shareholders ratified the special resolution to approve all the unallocated options, rights and entitlements under the Company’s stock option plan as more particularly described in the Management Proxy Circular for the meeting. The scrutineer’s report on voting results is attached as Schedule “A” hereto.
 
 
 

 
 
DATED as of the 4th day of February, 2022.
 
INTELLIPHARMACEUTICS INTERNATIONAL INC.
 
(signed) “Amina Odidi”
Amina Odidi
President/Acting Chief Financial Officer
 
 
 
 
 
 
INTELLIPHARMACEUTICS INTERNATIONAL INC.
ANNUAL MEETING OF SHAREHOLDERS
February 4, 2022
 
VOTING RESULTS
 
 
Resolution #1:
 
The Chairman declared that the shareholders ratified the ratified the Election of Directors for all nominees listed below:
 
Nominees
 
For
 
 
%
 
 
Withheld
 
 
%
 
Dr. Isa Odidi
  10,810,980 
  83.11%
  2,196,903 
  16.89%
Dr. Amina Odidi
  10,811,457 
  83.11%
  2,196,426 
  16.89%
Bahadur Madhani
  11,011,116 
  84.65%
  1,996,767 
  15.35%
Norman Betts
  11,014,364 
  84.67%
  1,993,519 
  15.33%
Shawn Graham
  11,025,529 
  84.76%
  1,982,354 
  15.24%
 
    
    
    
    
 
 
 
Resolution #2:
 
The Chairman declared that the shareholders ratified and approved reappointment of MNP LLP, Chartered Professional Accountants, as auditor and to authorize the directors to fix the auditor’s remuneration:
 
Proxies Tabulated:
 
For:   
  16,043,631 
  95.93%
Withheld:  
  680,479 
  4.07%
Total:   
  16,724,110 
  100%
 
 
 
 
Resolution #3:
 
The Chairman declared that the shareholders ratified and approved the resolution approving all unallocated options, rights and entitlements under the Company’s stock option plan as more particularly describes in the management proxy circular for the Meeting:
 
MAJORITY VOTE
 
Ballots Tabulated:
 
For:   
  10,323,672 
  79.36%
Withheld:  
  2,684,213 
  20.64%
Total:   
  13,007,885 
  100%
 
 
MINORITY VOTE 
 
For:   
  9,740,643 
  78.40%
Withheld:  
  2,684,213 
  21.60%
Total:   
  12,424,856 
  100%
 
 
For purposes of the minority vote, 583,028 common shares + 1 appointed common share = 583,029 common shares have been excluded from the total vote, representing the votes cast by insiders as instructed by Intellipharmaceurics International Inc.
 
Dated this 4th day of February 2022
 
TSX Trust Company
 
/s/ "Helen Kim"
Helen Kim
 /s/ “Megan Rocha”
Meghan Rocha
 
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