SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
i NEOGEN CORPORATION
(Exact name of registrant as specified in its charter)
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i Michigan
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i 38-2367843
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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i 620 Lesher Place
i Lansing, i Michigan
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i 48912
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(Address of principal executive offices)
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(Zip Code)
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i 517- i 372-9200
(Registrant’s telephone number, including area code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities Registered Pursuant to Section 12(b) of the Act:
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Title of each Class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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i Common Stock, $0.16 par value per share
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i NEOG
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NASDAQ Global Select Market
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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 i ☐
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.
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Item 5.07 Submission of Matters to a Vote of Security Holders.
As previously disclosed, on
December 13, 2021, Neogen Corporation (the “
Company” or “
Neogen”) entered into certain definitive agreements providing for the combination of the food safety business
(the “
Food Safety Business”) of 3M Company (“
3M”) with Neogen in a
Reverse Morris Trust transaction (the “
proposed transaction”), including an Agreement and
Plan of Merger, dated as of
December 13, 2021 (the “
Merger Agreement”), by and among
the Company, Nova RMT Sub, Inc., a wholly owned subsidiary of
the Company (“
Merger Sub”), 3M and Garden SpinCo Corporation, currently a wholly owned subsidiary of 3M (“
SpinCo”), pursuant to
which, on the terms and subject to the conditions set forth therein, Merger Sub will merge with and into SpinCo (the “
Merger”), with SpinCo surviving the
Merger as a wholly owned subsidiary of
the Company.
On
August 17, 2022,
the Company held a special meeting of
the Company’s shareholders (the “
Special Meeting”) to consider and vote on certain proposals in connection with the proposed transaction, each of which is set forth below and described in more detail in
the Company’s definitive
proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on
July 18, 2022 (as supplemented, the “
Proxy Statement”). Holders of
84,957,941 shares of Neogen common stock entitled to vote at the Special Meeting were present in person or by proxy, representing approximately 78.78% of the total number of shares of Neogen common stock outstanding as of
July 5, 2022, the record
date for the Special Meeting. The final voting results of the matters presented and voted on at the Special Meeting are as follows:
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1.
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The proposal to approve the issuance of shares of Neogen common stock in connection with the Merger contemplated by the Merger Agreement (the “Share Issuance Proposal”), which was approved, was as follows:
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For
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Against
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Abstain
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Broker Non-Votes
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84,239,995
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435,548
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282,398 |
0
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2.
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The proposal to approve the amendment of Neogen’s articles of incorporation to (a) increase the number of authorized shares of Neogen common stock
from 240,000,000 shares of Neogen common stock to 315,000,000 shares of Neogen common stock and (b) increase the maximum number of directors on the Neogen board of directors from nine directors to eleven directors (the “ Charter Amendment Proposal”), which was approved, was as follows: |
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For
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Against
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Abstain
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Broker Non-Votes
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84,136,775
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536,088 |
285,078 |
0 |
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3.
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The proposal to approve the amendment of Neogen’s bylaws to increase the maximum number of directors that may comprise the Neogen board of directors
from nine directors to eleven directors (the “ Bylaw Board Size Proposal”), which was approved, was as follows: |
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For
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Against
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Abstain
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Broker Non-Votes
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84,117,031
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527,190
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313,270 |
0
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4.
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The proposal to approve the amendment of Neogen’s bylaws in order to authorize the Neogen board of directors to amend the bylaws without obtaining the
prior approval of Neogen’s shareholders, which was approved, was as follows: |
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For
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Against
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Abstain
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Broker Non-Votes
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65,783,967
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19,077,082 |
96,892 |
0
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A vote was not held on the proposal to approve the adjournment of the Special Meeting to solicit additional proxies in the event that there were not
sufficient votes at the time of the Special Meeting to approve the Share Issuance Proposal, the Charter Amendment Proposal or the
Bylaw Board Size Proposal, because there were sufficient votes at the time of the Special Meeting to approve each of
these proposals.
Item 8.01 Other Events.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No.
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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Additional Information About the Transactions and Where to Find It
In connection with the proposed transaction,
SpinCo filed a Registration Statement on Form S-4 and Form S-1 (Reg. No. 333-263669) in connection with its separation from 3M that contains a prospectus relating to the shares of SpinCo common stock to be distributed in the proposed transaction
(as amended and supplemented, the “SpinCo Registration Statement”) and Neogen filed a Registration Statement on Form S-4 (Reg. No. 333-263667) that includes a prospectus relating to the shares of Neogen common stock to be issued in the
proposed transaction (as amended and supplemented, the “Neogen Registration Statement”), which registration statements were declared effective by the SEC on August 4, 2022. In addition, 3M has filed with the SEC a Schedule TO related
to 3M’s exchange offer in connection with the proposed transaction.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE SPINCO REGISTRATION STATEMENT,
NEOGEN REGISTRATION STATEMENT 3M’S SCHEDULE TO
AND ANY OTHER RELEVANT DOCUMENTS THAT ARE MADE AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION
ABOUT NEOGEN, 3M, GARDEN SPINCO AND THE PROPOSED TRANSACTION. The SpinCo Registration Statement, Neogen Registration Statement, 3M’s Schedule TO and other documents relating to the proposed transaction (as they become available) can also be
obtained free of charge from the SEC’s website at www.sec.gov. The SpinCo Registration Statement, Neogen Registration Statement, 3M’s Schedule TO and other documents (as they become available) can also be obtained free of charge from 3M upon
written request to 3M Investor Relations Department, Bldg. 224-1 W-02, St. Paul, MN 55144, or by e-mailing investorrelations@3M.com or upon written request to Neogen’s Investor Relations, 620 Lesher Place, Lansing, Michigan 48912 or by e-mailing ir@neogen.com.
This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to
sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
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.
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Neogen Corporation
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By:
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/s/ Amy M. Rocklin |
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Title: Vice President, General Counsel and Corporate Secretary
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