-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SpM8RN1ymG5NJUAnkVl1obKWMvTSjSnMQl9AN9oZUl5LRyYgAQrlRnvx0YDCSU4R 6vS3L9YtSw9aJMh/DfC+LQ== 0001341004-05-000491.txt : 20051207 0001341004-05-000491.hdr.sgml : 20051207 20051207135346 ACCESSION NUMBER: 0001341004-05-000491 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051205 ITEM INFORMATION: Material Modifications to Rights of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051207 DATE AS OF CHANGE: 20051207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENELABS TECHNOLOGIES INC /CA CENTRAL INDEX KEY: 0000874443 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943010150 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19222 FILM NUMBER: 051249185 BUSINESS ADDRESS: STREET 1: 505 PENOBSCOT DR CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 6503969500 MAIL ADDRESS: STREET 1: 505 PENOBSCOT DR CITY: REDWOOD CITY STATE: CA ZIP: 94063 8-K 1 hinaform8k.txt FORM 8-K 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) December 5, 2005 ------------------- GENELABS TECHNOLOGIES, INC. - ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) California 0-19222 94-3010150 - ------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 505 Penobscot Drive, Redwood City, California 94063 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (650) 369-9500 ---------------------------- - ------------------------------------------------------------------------------- (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 obligations 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)) Item 3.03 Material Modification to Rights of Securityholders On December 5, 2005, the Board of Directors of Genelabs Technologies, Inc. (the "Company") approved an amendment to the Company's Amended and Restated Articles of Incorporation, whereby, effective upon its filing, each outstanding five shares of the Company's common stock, no par value (the "Common Stock"), will be converted into one share of Common Stock. The amendment was previously approved by the Company's shareholders at the Company's 2005 Annual Meeting of Shareholders held June 14, 2005. A form of the certificate of amendment effecting the reverse stock split to be filed with the California Secretary of State is attached hereto as Exhibit 3.1. A copy of the press release announcing the approval of the amendment by the Company's Board of Directors is filed as Exhibit 99.1 hereto. Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit Number Description - ------ ----------- 3.1 Form of Certificate of Amendment of the Amended and Restated Articles of Incorporation 99.1 Press Release dated December 6, 2005 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 thereunto duly authorized. GENELABS TECHNOLOGIES, INC. By: /s/ Matthew M. Loar ------------------- Name: Matthew M. Loar Title: Chief Financial Officer Date: December 7, 2005 EXHIBIT INDEX Exhibit Number Description - ------ ----------- 3.1 Form of Certificate of Amendment of the Amended and Restated Articles of Incorporation 99.1 Press Release dated December 6, 2005 EX-3 2 exhibit3.txt EXHIBIT 3.1 EXHIBIT 3.1 Form of Certificate of Amendment of Articles of Incorporation of Genelabs Technologies, Inc. James A.D. Smith and Heather C. Keller certify that: 1. They are the Chief Executive Officer and Secretary of Genelabs Technologies, Inc., a California corporation. 2. The THIRD Article of the Articles of Incorporation of this corporation is hereby amended such that the following paragraph shall be inserted after the second paragraph thereof: "(A) Upon the Certificate of Amendment becoming effective pursuant to the California Corporations Code of the State of California and without further action on the part of the Corporation or its shareholders, each five (5) shares of Common Stock then issued and outstanding shall be changed and reclassified into one (1) fully paid and nonassessable share of Common Stock. To reflect the said change and reclassification, each certificate representing shares of Common Stock then issued and outstanding, shall represent one-fifth the number of shares of Common Stock issued and outstanding after such change and reclassification; and the holder of record of each five (5) shares of Common Stock will have or be entitled to a certificate representing one (1) share of Common Stock of the kind authorized by the Certificate of Amendment. All holders of fractional shares resulting from the reverse stock split shall, in lieu thereof, be entitled to receive a cash payment in an amount equal to the fraction to which the shareholder would otherwise be entitled multiplied by the average of the closing prices of the Common Stock on the thirty (30) trading days preceding the date that is five (5) trading days before the effective time of the reverse stock split (as adjusted for the reverse stock split, or if such prices are not available, the average of the last bid and asked prices of the Common Stock on such days, as adjusted for the reverse stock split, or other price determined by the Board of Directors)." 3. The foregoing Amendment of Articles of Incorporation has been duly approved by the required vote of the holders of Common Stock pursuant to Section 903 of the California Corporations Code. The total number of outstanding shares of Common Stock as of the record date of the vote, April 22, 2005, was 88,503,779. No shares of Preferred Stock were outstanding. The number of shares voting in favor of the amendment equaled or exceeded the vote required. The percentage vote required was more than 50% of the outstanding shares of Common Stock. We further declare under penalty of perjury under the laws of the State of California that the matters set forth in this certificate are true and correct of our own knowledge. Dated: December , 2005 ------------------------------ James A.D. Smith Chief Executive Officer ------------------------------ Heather C. Keller Secretary EX-99 3 hinaexhibit.txt EXHIBIT 99.1 EXHIBIT 99.1 Contact: Matthew M. Loar Chief Financial Officer Phone: 650-562-1424 FOR IMMEDIATE RELEASE: - ---------------------- Genelabs Announces Board Approval of Reverse Stock Split Redwood City, Calif. - December 6, 2005 - Genelabs Technologies, Inc. (Nasdaq:GNLB) announced today that its board of directors has approved the implementation of a one-for-five reverse split of the company's common stock. The reverse split was previously approved by the company's shareholders at the company's annual shareholder meeting on June 14, 2005. Genelabs' common stock will begin trading on a split-adjusted basis when the market opens on Monday, December 19, 2005. For a period of 20 trading days beginning December 19, 2005, Genelabs' common stock will trade on a post-split basis under the trading symbol "GNLBD" as an interim symbol to denote its new status. After this 20 trading day period, Genelabs' common stock will resume trading under the symbol "GNLB." The reverse split is intended to broaden Genelabs' investor base and help the company regain compliance with Nasdaq's $1.00 minimum bid price listing requirement by increasing the share price and decreasing the number of shares, warrants and options outstanding. Genelabs had 88,868,865 shares of common stock issued and outstanding at the end of trading on December 5, 2005, the date of board approval of the reverse split. When the market opens on December 19, 2005, there should be approximately 17,773,773 shares issued and outstanding if no warrants or options are exercised in the interim. Genelabs will not issue fractional shares of common stock following the reverse split. Shareholders otherwise entitled to fractional shares will receive a cash payment equal to the average closing price of Genelabs common stock for the 30 trading days ending five days preceding the effective date of the reverse split. Additional information about the reverse stock split is available in Genelabs' definitive proxy statement filed with the Securities and Exchange Commission on April 29, 2005. About Genelabs Genelabs Technologies, Inc. is a biopharmaceutical company focused on the discovery and development of pharmaceutical products to improve human health. We have built drug discovery capabilities that can support various research and development projects. Genelabs is currently concentrating these capabilities on discovering novel compounds that selectively inhibit replication of the hepatitis C virus and advancing preclinical development of compounds from this hepatitis C virus drug discovery program, while also developing a late-stage product for lupus. We believe that these high-risk, potentially high reward programs focus our research and development expertise in areas where we have the opportunity to generate either first-in-class or best-in-class products that will address diseases for which current therapies are inadequate. For more information, please visit www.genelabs.com. Note: Genelabs(R) and the Genelabs logo are registered trademarks and Prestara(TM) is a trademark of Genelabs Technologies, Inc. NOTE ON FORWARD LOOKING STATEMENTS AND RISKS: This press release contains forward-looking statements including statements regarding the timing of the effectiveness of the reverse split of Genelabs' common stock and the trading price of Genelabs common stock after the reverse split is implemented. These forward-looking statements are based on Genelabs' current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from the statements made. Uncertainties and risks include, without limitation, fluctuations in Genelabs' stock price; events which reduce Genelabs' future prospects, problems in initiating manufacturing or IND-enabling studies; failures or setbacks in our HCV research programs or in our collaboration with Gilead; progress and announcements by competitors regarding their HCV programs; regulatory problems or delays regarding Prestara(TM), including an adverse response from the FDA or a determination to discontinue development of Prestara; increases in expenses and Genelabs' capital requirements and history of operating losses. Please see the information appearing in Genelabs' filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, under the captions "Risk Factors" and "Forward-Looking Statements" for more discussion regarding these uncertainties and risks and others associated with the company's research programs, early stage of development and other risks which may affect the company or cause actual results to differ from those included in the forward-looking statements. Genelabs does not undertake any obligation to update these forward-looking statements or risks to reflect events or circumstances after the date of this release. -----END PRIVACY-ENHANCED MESSAGE-----