UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 7.01 Regulation FD Disclosure.
On November 27, 2024, AIM ImmunoTech Inc. (the “Company”) issued a press release regarding the establishment of a Cash Conservation Plan, as described in Item 8.01 hereto. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference in this Item 7.01.
The information furnished in this Item 7.01, including Exhibit 99.1, is being furnished, and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On November 25, 2024, the Compensation Committee (the “Committee”) of the Company’s Board of Directors (the “Board”) established a cash conservation plan (the “Cash Conservation Plan”). Pursuant to the Cash Conservation Plan, the Company’s independent directors will receive 100% of their Board compensation in shares of the Company’s common stock, effective immediately. They will not receive any director compensation in cash. This does not apply to Mr. Equels because he is not an independent director and he does not receive any compensation for serving as a director. In lieu of cash payments, each independent director will receive twice-a-month stock grants at a valuation equal to the closing price of the shares of the Company’s common stock on the last trading day before such grants are made. The Cash Conservation Plan will stay in effect for as long as the Committee determines, in its sole discretion, consistent with the compensation policies of the Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed herewith:
Exhibit
| Number | Description | |
| 99.1 | Press Release dated November 27, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| AIM ImmunoTech Inc. | ||
| Date: November 27, 2024 | By | /s/ Thomas K. Equels |
| Thomas K. Equels, CEO | ||