Form 8-K - Current report

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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): August 15, 2024

   

Pyxus International, Inc.

(Exact name of Registrant, as specified in its charter)

  

Virginia

000-25734

85-2386250

(State or other jurisdiction of incorporation)

(Commission file number)

(I.R.S. Employer Identification No.)

6001 Hospitality Court, Suite 100

Morrisville, North Carolina 27560-2009

(Address of principal executive offices, including zip code)

[phone]

(Registrant’s telephone number, including area code)

   

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: None

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.  ☐

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Item 5.07			Submission of Matters to a Vote of Security Holders

(a) On August 15, 2024, Pyxus International, Inc. (the “Company”) held its 2024 annual meeting of shareholders (the “Annual Meeting”).

(b) At the Annual Meeting, the matters submitted to a vote of shareholders, and outcome of the vote, were as follows:

1.Each of John S. Alphin, Jamie J. Ashton, Patrick J. Bartels, Jr., Robert D. George, Cynthia P. Moehring, J. Pieter Sikkel and Richard J.C. Topping was elected as a director for a one-year term expiring at the 2025 annual meeting of shareholders;

2.The appointment of Deloitte & Touche LLP as the Company’s independent auditors for the fiscal year ending March 31, 2025 was ratified;

3.A resolution to approve, on an advisory basis, the compensation paid to the Company’s named executive officers, was adopted; and

4.The Pyxus International, Inc. Amended and Restated 2020 Incentive Plan was approved.

The voting results with respect to these matters are set forth in the tables below:

1.Election of Directors

Director Nominee						Votes For						Votes Withheld						Broker Non-Votes
John S. Alphin						20,904,200						5,330						1,109,404
Jamie J. Ashton						20,513,876						395,654						1,109,404
Patrick J. Bartels, Jr.						20,513,876						395,654						1,109,404
Robert D. George						20,904,200						5,330						1,109,404
Cynthia P. Moehring						20,904,366						5,164						1,109,404
J. Pieter Sikkel						20,903,023						6,507						1,109,404
Richard J.C. Topping						20,904,200						5,330						1,109,404

2.Ratification of Independent Auditors

Votes For						Votes Against						Votes Abstained
22,013,445						1,714						3,775

There were no broker non-votes with respect to the ratification of independent auditors.

3.Advisory Vote on Compensation of Named Executive Officers

Votes For						Votes Against						Votes Abstained						Broker Non-Votes
20,750,346						158,978						206						1,109,404

4.Approval of the Pyxus International, Inc. Amended and Restated 2020 Incentive Plan

Votes For						Votes Against						Votes Abstained						Broker Non-Votes
20,331,248						577,869						413						1,109,404

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As the effectiveness of the Pyxus International, Inc. Amended and Restated 2020 Incentive Plan was not conditioned upon shareholder approval, the Company filed a Form 8-K on March 25, 2024 in connection with the adoption of the Pyxus International, Inc. Amended and Restated 2020 Incentive Plan by the Company’s Board of Directors, which Form 8-K includes a brief description of amendments effected by the adoption of the Pyxus International, Inc. Amended and Restated 2020 Incentive Plan from the Pyxus International, Inc. 2020 Incentive Plan adopted by the Company’s Board of Directors on November 18, 2020 and approved by the Company’s shareholders on August 19, 2021.

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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.

Date:    August 15, 2024

 

PYXUS INTERNATIONAL, INC.
By:						/s/ William L. O’Quinn, Jr.
						William L. O’Quinn, Jr.
						Senior Vice President – Chief Legal
						Officer and Secretary

Cover	Aug. 15, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Aug. 15, 2024
Entity Registrant Name	Pyxus International, Inc.
Entity Incorporation, State or Country Code	VA
Entity File Number	000-25734
Entity Tax Identification Number	85-2386250
Entity Address, Address Line One	6001 Hospitality Court, Suite 100
Entity Address, City or Town	Morrisville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27560-2009
City Area Code	919
Local Phone Number	379-4300
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0000939930

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