Company: SPRB
Filing Date: 2025-07-24
Form Type: 8-K
Source: 0000950170-25-098340
Chunk: 2

Company: SPRUCE BIOSCIENCES, INC.
Filing Date: 2025-07-24
Form: 8-K
Item: Item 5.07
Chunk 2
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Item 5.07 Submission of Matters to a Vote of Security Holders.

On July 22, 2025, the Company held its 2025 Annual Meeting of Stockholders (the “ Annual Meeting”), at which a quorum was present. As of May 30, 2025, the record date for the Annual Meeting, 42,231,285 shares of common stock were outstanding and entitled to vote at the Annual Meeting. A summary of the matters voted upon by stockholders at the Annual Meeting is set forth below.

Proposal 1. Election of Directors

The Company’s stockholders elected the two persons listed below as Class II Directors, each to serve until the Company’s 2028 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. The final voting results are as follows:

                                       Votes For      Votes Withheld          Broker  
                                                                           Non-Votes  
 ──────────────────────────────────────────────────────────────────────────────────────
  Percival Baretto-Ko                 13,109,655           3,847,893      14,642,113  
  Bali Muralidhar, M. D., Ph. D.       9,371,529           7,586,019      14,642,113  
  Daniel Spiegelman                    9,363,600           7,593,948      14,642,113  

Proposal 2. Ratification of the Selection of Independent Registered Public Accounting Firm

The Company’s stockholders ratified the selection by the Audit Committee of the Board of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The final voting results are as follows:

   Votes For      Votes Against      Abstentions  
 ──────────────────────────────────────────────────
  29,640,903          1,588,035          370,723  

Proposal 3. Reverse Stock Split Proposal.

The Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the Company's common stock by a ratio of between one-for-fifty and one-for-one hundred, with the exact ratio to be determined by the Board in its sole discretion and with such Reverse Stock Split to be effected at such time and date, if at all, as determined by the Board. The final voting results are as follows:

   Votes For      Votes Against      Abstentions  
 ─────────