Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 11

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 11
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, staffing and operations of the Company’s compliance function;

• reviewing and discussing any correspondence with regulators or governmental agencies which raise issues regarding the Company’s compliance with legal and regulatory requirements related to the Company’s business activities;

• discussing with counsel or other advisors matters that may have a material impact on the Company’s non-financial compliance policies and procedures; and

• overseeing the Company’s ethical compliance programs, including the Company’s Code of Business Conduct and Ethics, and annually, or more frequently as appropriate, reviewing the adequacy of the Code and recommending any proposed changes to the Board for approval.

The Board of Directors has adopted a written charter for each of the Compensation Committee, the Audit Committee and the Nominating/Corporate Governance Committee, each of which can be found under the Investors/Corporate Governance tab on our website at www.inotiv.com. Compensation Committee, Audit Committee and Nominating/Corporate Governance Committee members are not employees of the Company and, in the opinion of the Board of Directors, are “independent” (as defined by applicable Nasdaq and SEC rules and regulations, including those pertaining to committee members). The Board of Directors has determined that each of R. Matthew Neff and Terry Coelho is an “audit committee financial expert” (as defined by Item 407(d)(5)(ii) of Regulation S-K) based upon, among other criteria, their professional experience.

Shareholders Agreement

In connection with the consummation of the acquisition of Envigo RMS Holding Corp. (the "Envigo Acquisition"), we entered into a Shareholders Agreement with certain stockholders of Envigo (the “Shareholders Agreement”), including Jermyn Street Associates LLC (“Jermyn Street”) and Savanna Holdings LLC ("Savanna Holdings and, together with Jermyn Street, the "Nominating Holders"). As previously disclosed, after the consummation of the Envigo Acquisition and for so long as a Nominating Holder beneficially owned five percent or more of our outstanding voting shares, the Nominating Holder would have the right to designate one nominee for election to our Board of Directors. None of the Nominating Holders continues to own five percent or more of our outstanding voting shares, with the last of the Nominating Holders to report its ownership of below five percent, Jermyn Street, filing such report on April 3, 2024. As a result, all rights of the Nominating Holders with respect to Board designations have terminated.

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