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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 16, 2022

 

BUTTERFLY NETWORK, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 001-39292 84-4618156

(State or other jurisdiction of

incorporation)

 (Commission File Number)

(IRS Employer

Identification No.)

 

530 Old Whitfield Street
Guilford, Connecticut

 

06437

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (203) 689-5650

 

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

Class A common stock, par value $0.0001 per share

  BFLY   The New York Stock Exchange

Warrants to purchase one share of Class A common stock, each at an exercise price of $11.50 per share

   BFLY WS   The New York Stock Exchange

 

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 5.07 Submission of Matters to a Vote of Security Holders.

 

(a)On June 16, 2022, Butterfly Network, Inc. (the “Company”) held its 2022 Annual Meeting of Stockholders.

 

(b)The following actions were taken at such meeting:

 

1.       The following nominees were re-elected to serve on the Company’s Board of Directors until the Company’s 2023 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified, based on the following votes:

 

Nominee  Votes For   Votes Against   Abstentions   Broker Non-Votes 
Jonathan M. Rothberg, Ph.D.   583,408,505    20,217,283    103,761    37,851,359 
Todd M. Fruchterman, M.D., Ph.D.   594,339,165    9,282,333    108,051    37,851,359 
Larry Robbins   594,776,751    8,842,236    110,562    37,851,359 
Dawn Carfora   594,638,310    8,793,060    298,179    37,851,359 
Elazer Edelman, M.D., Ph.D.   594,684,769    8,752,374    292,406    37,851,359 
John Hammergren   594,510,684    8,908,562    310,303    37,851,359 
Gianluca Pettiti   594,646,853    8,771,798    310,898    37,851,359 
S. Louise Phanstiel   594,555,393    8,858,336    315,820    37,851,359 
Erica Schwartz, M.D., J.D., M.P.H.   601,401,860    2,028,131    299,558    37,851,359 

 

2.       The appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 was ratified, based on the following results:

 

Votes For   Votes Against   Abstentions 
 640,493,809    754,746    332,353 

 

3.       On an advisory basis, the compensation of the Company’s named executive officers as disclosed in the proxy statement was approved, based on the following votes:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 573,285,942    30,100,760    342,847    37,851,359 

 

4.       On an advisory basis, “one year” for the frequency of holding an advisory vote on the compensation of the Company’s named executive officers was approved, based on the following votes:

 

One (1) Year     Two (2) Years     Three (3) Years     Abstentions     Broker Non-Votes  
  602,838,687       221,009       296,937       372,916       37,851,359  

 

(d) In accordance with the stockholder voting results, in which “one year” received the highest number of votes cast on the advisory vote regarding the frequency of holding an advisory vote on the compensation of the Company’s named executive officers, and the Board of Directors’ recommendation in the proxy statement for the Company’s 2022 Annual Meeting of Stockholders, the Board of Directors has determined that future stockholder advisory votes on executive compensation will occur every year. Accordingly, the next stockholder advisory vote on executive compensation will be held at the Company’s 2023 Annual Meeting of Stockholders. The next required stockholder advisory vote regarding the frequency of holding an advisory vote on executive compensation will be in six years at the Company’s 2028 Annual Meeting of Stockholders.

 

 

 

 

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.

 

  BUTTERFLY NETWORK, INC.
     
     
  By: /s/ Todd M. Fruchterman, M.D., Ph.D.
  Name:   Todd M. Fruchterman, M.D., Ph.D.
  Title:   President and Chief Executive Officer

  

Date: June 23, 2022