UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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) |
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Securities registered pursuant to Section 12(b) of the Act:
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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. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
On September 14, 2021, Canopy Growth Corporation (“Canopy Growth”) held its 2021 Annual General and Special Meeting of Shareholders (the “Annual Meeting”). A total of 393,166,799 common shares were entitled to vote as of July 21, 2021, the record date for the Annual Meeting. There were 259,521,246 common shares represented at the Annual Meeting, at which the shareholders were asked to vote on four proposals, each of which is described in more detail in Canopy Growth’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on July 29, 2021 (the “Proxy Statement”). Set forth below are the matters acted upon by the shareholders, and the final voting results of each such proposal.
Proposal No. 1: Election of Director Nominees.
Votes regarding the election of the seven director nominees were as follows:
| Director Name |
Votes For |
Votes Withheld |
Broker Non-Votes | |||
| Judy A. Schmeling |
192,271,526 | 2,748,610 | 64,501,111 | |||
| David Klein |
188,758,884 | 6,261,252 | 64,501,111 | |||
| Robert Hanson |
184,029,561 | 10,990,575 | 64,501,111 | |||
| David Lazzarato |
190,182,676 | 4,837,460 | 64,501,111 | |||
| William Newlands |
178,708,945 | 16,311,190 | 64,501,111 | |||
| Jim Sabia, Jr. |
186,092,787 | 8,927,349 | 64,501,111 | |||
| Theresa Yanofsky |
191,090,311 | 3,929,824 | 64,501,111 |
Based on the votes set forth above, Canopy Growth’s shareholders elected each of the seven nominees set forth above to serve as a director of Canopy Growth until the next annual general meeting of shareholders or until his or her successor is duly elected and qualified.
Proposal No. 2: KPMG Re-Appointment.
The proposal to re-appoint KPMG LLP, Chartered Professional Accountants, as Canopy Growth’s auditor and independent registered public accounting firm for the fiscal year 2022 and to authorize the Canopy Growth board to fix their remuneration received the following votes:
| Votes For |
Votes Withheld |
Broker Non-Votes | ||
| 257,929,037 | 1,529,209 | — |
Based on the votes set forth above, Canopy Growth’s shareholders approved the proposal to re-Appoint KPMG LLP.
Proposal No. 3: Confirmation and Ratification of Certain Amendments to Canopy Growth’s By-Laws.
The confirmation and ratification of certain amendments to Canopy Growth’s by-laws, as set forth in the Proxy Statement, received the following votes:
| Votes For |
Votes Against |
Abstain |
Broker Non-Votes | |||
| 193,389,743 | 1,170,655 | 459,738 | 64,501,111 |
Based on the votes set forth above, Canopy Growth’s shareholders confirmed and ratified the by-law amendments.
Proposal No. 4: Advisory, Non-Binding Vote on Compensation of Canopy Growth’s Named Executive Officers.
The advisory (non-binding) vote on the compensation of Canopy Growth’s named executive officers, as set forth in the Proxy Statement, received the following votes:
| Votes For |
Votes Against |
Abstain |
Broker Non-Votes | |||
| 190,171,325 |
4,109,191 | 739,619 | 64,501,111 |
Based on the votes set forth above, Canopy Growth’s shareholders approved, on an advisory basis, the compensation of Canopy Growth’s named executive officers.
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.
| CANOPY GROWTH CORPORATION | ||
| By: | /s/ Phil Shaer | |
| Phil Shaer | ||
| Chief Legal Officer and Corporate Secretary | ||
Date: September 15, 2021
Document and Entity Information |
Sep. 14, 2021 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | Canopy Growth Corp |
| Entity Tax Identification Number | 00-0000000 |
| Amendment Flag | false |
| Entity Central Index Key | 0001737927 |
| Document Type | 8-K |
| Document Period End Date | Sep. 14, 2021 |
| Entity Incorporation State Country Code | Z4 |
| Entity File Number | 001-38496 |
| Entity Address, Address Line One | 1 Hershey Drive |
| Entity Address, City or Town | Smiths Falls |
| Entity Address, State or Province | ON |
| Entity Address, Postal Zip Code | K7A 0A8 |
| City Area Code | (855) |
| Local Phone Number | 558-9333 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Shares, no par value |
| Trading Symbol | CGC |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |