UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 31, 2024, the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of SmartKem, Inc. (the “Company”), approved one-time special bonuses (the “Bonuses”) to Beverley Brown, the Company’s Chief Scientist, and Simon Ogier, the Company’s Chief Technology Officer, each equal to $32,110. Such amount has been converted to U.S. dollars from pounds sterling at an exchange rate of $1.2844 U.S. dollars to one pound sterling, the exchange rate as of July 31, 2024 as published by the Bank of England.
Item 5.08 Shareholder Director Nominations.
On July 31, 2024, the Board set September 23, 2024 as the date of the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”). The Board also established August 19, 2024 as the record date for determining stockholders entitled to notice of, and to vote at, the 2024 Annual Meeting.
The date of the 2024 Annual Meeting will be more than 30 days from the anniversary of the Company’s 2023 annual meeting of stockholders. Accordingly, the deadline for submission of proposals by stockholders for inclusion in the Company’s proxy materials in accordance with Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), will be August 5, 2024. Any such proposal must also meet the requirements set forth in the rules and regulations of the Exchange Act in order to be eligible for inclusion in the proxy materials for the 2024 Annual Meeting.
In addition, to comply with the universal proxy rules, stockholders who intend to solicit proxies in support of director nominees other than nominees approved by the Board must provide notice that sets forth the information required by Rule 14a-19 under the Exchange Act.
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.
| August 1, 2024 | SmartKem, Inc. | |
| By: | /s/ Barbra Keck | |
| Name: | Barbra Keck | |
| Title: | Chief Financial Officer | |