UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On February 23, 2023, the board of directors of Oramed Pharmaceuticals Inc. (the “Company”) adopted Fourth Amended and Restated By-laws (the “By-laws”), which became effective immediately, to among other things, (i) implement rules for stockholder action by written consent, including procedures for a record date to be set by the board of directors of the Company in connection with such action, information requirements, the engagement of an independent inspector of election and timing requirements, (ii) eliminate outdated or unnecessary provisions that are governed by the Delaware General Corporation Law, (iii) limit the Company’s required indemnification of a person party to or threatened to be made a party to any proceeding commenced by such person only if the commencement of such proceeding was authorized by the Board, (iv) reduce any obligation to indemnify or advance expenses to a person serving at the Company’s request as a director or officer of another entity by any amount such person may collect as indemnification or advancement of expenses from such other entity and (v) with respect to the ability of the stockholders of the Company to alter, amend or repeal the By-laws or adopt new by-laws of the Company, require the affirmative vote of the holders of a majority in voting power of the outstanding shares of capital stock of the Company entitled to vote thereon.
The foregoing description of the By-laws is qualified in its entirety by reference to the full text of the By-laws, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and which is incorporated herein by reference. In addition, a marked copy of the By-laws indicating the changes made to such document is filed as Exhibit 3.2 to this Current Report on Form 8-K, which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
3.1 | Fourth Amended and Restated By-laws, adopted effective February 23, 2023. (Filed herewith). | |
3.2 | Fourth Amended and Restated By-laws, adopted effective February 23, 2023 (marked copy). (Filed herewith). | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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.
ORAMED PHARMACEUTICALS INC. | ||
By: | /s/ Nadav Kidron | |
Name: | Nadav Kidron | |
Title: | President and CEO |
February 27, 2023
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