Societal CDMO, Inc. Form 8-K: Current report
Filings on SEC EDGAR, newest first; amendments sit with their base form. Values are as filed.
- 2023-11-28: Form 8-K; Period of report 2023-11-21; Description 1.01 Entry into a Material Definitive Agreement; 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; Details 1.01.
- 2023-11-08: Form 8-K; Period of report 2023-11-08; Description 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; Details 2.02.
- 2023-09-20: Form 8-K; Period of report 2023-09-20; Description 2.05 Costs Associated with Exit or Disposal Activities; 7.01 Regulation FD Disclosure; Details 2.05.
- 2023-08-28: Form 8-K; Period of report 2023-08-24; Description 1.01 Entry into a Material Definitive Agreement; Details 1.01.
| Filed | Form | Period of report | Description | Details | Document |
|---|---|---|---|---|---|
| 2023-11-28 | 8-K | 2023-11-21 | 1.01 Entry into a Material Definitive Agreement; 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing | 1.01 Entry into a Material Definitive Agreement. 3.01 As previously reported, on May 23, 2023, the Company received written notice (the “Initial Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) that because the closing bid price for the Company’s common stock had been below $1.00 per share for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2) (“Minimum Bid Price Requirement”). | sctl-20231121.htm |
| 2023-11-08 | 8-K | 2023-11-08 | 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure | 2.02 On November 8, 2023, Societal CDMO, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023. 7.01 Attached as Exhibit 99.2 is a presentation that the Company will post on its website on November 8, 2023 and may use from time to time in presentations or discussions with investors, analysts, and other parties. | sctl-20231108.htm |
| 2023-09-20 | 8-K | 2023-09-20 | 2.05 Costs Associated with Exit or Disposal Activities; 7.01 Regulation FD Disclosure | 2.05 On September 20, 2023, Societal CDMO, Inc. (the “Company”) announced a strategic restructuring plan, and corresponding reduction in workforce, aimed at streamlining and optimizing the Company’s operations. 7.01 On September 20, 2023, the Company issued a press release announcing the strategic restructuring plan and the appointment of Wayne B. Weisman as Executive Chairman of the Company’s Board of Directors. | tm2326565d1_8k.htm |
| 2023-08-28 | 8-K | 2023-08-24 | 1.01 Entry into a Material Definitive Agreement | 1.01 Entry into a Material Definitive Agreement. | tm2324621d2_8k.htm |
| 2023-08-23 | 8-K | 2023-08-23 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On August 23, 2023, the board of directors (the “Board”) of Societal CDMO, Inc. (the “Company”) approved an increase in the size of the Board from eight to nine directors, and appointed Mathew P. Arens to serve as a Class III member of the Board. | tm2324621d1_8k.htm |
| 2023-08-14 | 8-K | 2023-08-14 | 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure | 2.02 On August 14, 2023, Societal CDMO, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2023. 7.01 Attached as Exhibit 99.2 and furnished for purposes of Regulation FD is a presentation that the Company will post on its website on August 14, 2023 and may use from time to time in presentations or discussions with investors, analysts, and other parties. | sctl-20230814.htm |
| 2023-05-26 | 8-K | 2023-05-23 | 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing | 3.01 On May 23, 2023, Societal CDMO, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). | sctl-20230523.htm |
| 2023-05-18 | 8-K | 2023-05-17 | 5.07 Submission of Matters to a Vote of Security Holders | 5.07 On May 17, 2023, Societal CDMO, Inc. (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”). | sctl-20230517.htm |
| 2023-05-10 | 8-K | 2023-05-10 | 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure | 2.02 On May 10, 2023, Societal CDMO, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2023. 7.01 Attached as Exhibit 99.2 and furnished for purposes of Regulation FD is a presentation that the Company will post on its website on May 10, 2023 and may use from time to time in presentations or discussions with investors, analysts, and other parties. | sctl-20230510.htm |
| 2023-03-24 | 8-K | 2023-03-23 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On March 23, 2023, Dr. Michael Berelowitz, a member of the Board of Directors (the “Board”) of Societal CDMO, Inc. (the “Company”), notified the Company of his intent not to stand for re-election to the Board at the Company’s 2023 annual meeting of shareholders, and his service as a member of the Board will end effective as of May 17, 2023 (the “Effective Date”). | sctl-20230323.htm |
| 2023-03-13 | 8-K | 2023-03-13 | 7.01 Regulation FD Disclosure | 7.01 Societal CDMO, Inc. (the “Company”) is aware that Silicon Valley Bank (“SVB”) was closed on March 10, 2023 by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation as receiver. | sctl-20230313.htm |
| 2023-03-01 | 8-K | 2023-03-01 | 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure | 2.02 On March 1, 2023, Societal CDMO, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2022. 7.01 Attached as Exhibit 99.2 and furnished for purposes of Regulation FD is a presentation that the Company will post on its website on March 1, 2023 and may use from time to time in presentations or discussions with investors, analysts, and other parties. | sctl-20230301.htm |
| 2023-01-03 | 8-K | 2022-12-28 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 As previously disclosed, during December 2022, Societal CDMO, Inc. (the “Company”): (1) through its wholly owned subsidiary, Societal CDMO Gainesville, LLC (“Societal Gainesville”), sold certain real estate located in Gainesville, Georgia to Tenet Equity Funding SPE Gainesville, LLC, a subsidiary of Tenet Equity L.P., for a purchase price of $39.0 million (the “Sale-Leaseback Transaction”); (2) entered into a Credit Agreement (the “RBC Credit Agreement”), by and among the Company, the Company’s subsidiaries named as guarantors therein, Royal Bank of Canada, in its capacity as the administrative agent (“RBC”), and the lenders named therein, which provided the Company with a term loan in the principal amount of $36.9 million; and (3) completed separate, concurrent underwritten public offerings of the Company’s securities (the “Equity Financing”), which provided aggregate gross proceeds to the Company of approximately $35.6 million, before underwriting discounts and commissions and estimated offering expenses payable by the Company. | d443436d8k.htm |