Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Effective July 1, 2026, the Board of Directors (the “Board”) of Oragenics, Inc. (the “Company”) appointed John Spencer, the Company’s Senior Controller, to serve as the Company’s Chief Financial Officer, and, in connection therewith, effective July 1, 2026, the Company entered into an Executive Employment Agreement with Mr. Spencer (the “Employment Agreement”).…
We are a development-stage company dedicated to the research and development of nasal delivery pharmaceutical medications in neurology. Our lead product, the ONP-002 drug, is a fully synthetic, non-naturally occurring neurosteroid, is lipophilic, and it has been shown in animal models that it can cross the blood-brain barrier rapidly to reduce swelling, oxidative stress and inflammation while restoring proper blood flow through gene amplification.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Effective
July 1, 2026, the Board of Directors (the “Board”) of Oragenics, Inc. (the “Company”) appointed John Spencer,
the Company’s Senior Controller, to serve as the Company’s Chief Financial Officer, and, in connection therewith, effective
July 1, 2026, the Company entered into an Executive Employment Agreement with Mr. Spencer (the “Employment Agreement”). The
Employment Agreement provides for base compensation of $200,000. The Employment Agreement contains customary confidentiality, non-competition
and non-solicitation provisions.
The
foregoing summary is qualified in its entirety by the specific terms of the Employment Agreement attached as Exhibit 10.1 to this Form
8-K which is incorporated herein by reference.
Item 5.02Item 5.02 - Departure/Election of Directors
Item DEPARTURE
5.02 OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS;
COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
( e)
Compensatory Arrangements of Certain Officers.
Effective
July 1, 2026, the Board appointed John Spencer, the Company’s Senior Controller, to serve as the Company’s Chief Financial
Officer. In connection with the appointment of
Mr. Spencer as the Company’s Chief Financial Officer, Mr. Spencer received an option award equal to $25,000, with an
exercise price equal to the closing price of the Company’s common stock on the NYSE American immediately prior to the date of the
grant.
Mr.
Spencer, age 32, joined the Company in April 2025 as Senior Controller and has led the Company’s finance and accounting organization,
including SEC reporting, financial planning and analysis, treasury, budgeting, internal controls, audit coordination, and capital markets
support. From March 2022 through April 2025, Mr. Spencer operated a fractional chief financial officer and financial consulting practice,
providing financial leadership to publicly traded and privately held companies across multiple industries, including healthcare, sports
and entertainment, and professional services. His responsibilities included SEC reporting, financial planning and analysis, budgeting
and forecasting, treasury, internal controls, acquisition accounting, capital planning, operational finance, and strategic financial
leadership. Previously, Mr. Spencer served as Vice President of Finance at Trxade Health, Inc., a publicly traded healthcare technology
company, where he was responsible for SEC reporting, financial planning and analysis, internal controls, acquisition accounting, finance
operations, and strategic finance initiatives. Mr. Spencer began his career with PricewaterhouseCoopers LLP, where he provided audit
and tax services to publicly traded and privately held companies. Mr. Spencer is a Certified Public Accountant in the State of Florida
and received both a Master of Accountancy and a Bachelor of Science in Accounting from the University of South Florida.
There
are no arrangements or understandings between Mr. Spencer and any persons pursuant to which Mr. Spencer would be selected as an officer.
There are no current or proposed transactions between the Company and Mr. Spencer or his immediate family members that would require
disclosure under item 404(a) of Regulations S-K promulgated by the Securities and Exchange Commission.
Item 5.07Item 5.07 - Submission of Matters to Vote
Item SUBMISSION
5.07 OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a)
The Annual Meeting was held on June 29, 2026.
(b)
At the Annual Meeting the following proposals were voted on by our shareholders:
PROPOSAL
1: Election of Directors.
Mr.
Charles Pope, Dr. Frederick Telling, Mr. Robert Koski, Dr. Alan Dunton, Mr. John Gandolfo and Ms. Natasha Giordano were each re-elected
as Directors, to serve until our next annual meeting of shareholders or until their respective successors are elected and qualified or
until their earlier resignation, removal from office or death. The votes were as follows:
For Withheld Broker
Non-Votes
─────────────────────────────────────────────────────────────────
Charles 1,017,697 292,270 793,522
Pope
Dr. 1,018,895 291,072 793,522
Frederick Telling
Dr. 1,016,221 293,746 793,522
Alan Dunton
Robert 1,018,560 291,407 793,522
Koski
John 1,014,185 295,782 793,522
Gandolfo
Natasha 984,704 325,263 793,522
Giordano
PROPOSAL
2: To conduct a non-binding advisory vote on executive compensation. The votes were as follows:
FOR 806,898
AGAINST 478,522
ABSTAIN 24,545
BROKER 793,522
NON-VOTES
PROPOSAL
3: To authorize the Board of Directors to enact a reverse stock split, in its sole discretion at any time within one year after shareholder
approval is obtained, to effect a reverse stock split of then-outstanding shares of the Company’s Common Stock, at a ratio of not
less than one-for-two (1:2) and not greater than one-for-fifty (1:50). The votes were as follows:
FOR 1,239,961
AGAINST 836,159
ABSTAIN 27,366
PROPOSAL
4: Ratification of the selection of Cherry Bekaert LLP as the Company’s independent auditors for the year ending December 31,
2026. The votes were as follows:
FOR 1,887,381
AGAINST 184,883
ABSTAIN 31,225
Item
9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d)
Exhibits
Exhibit Description
No.
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10.1 Executive Employment Agreement with John Spencer.
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