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INmune Bio (INMB) holders OK larger stock plan and evergreen share increases

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

INmune Bio Inc. reported results from its annual meeting of stockholders. Stockholders approved the Third Amended and Restated 2021 Stock Incentive Plan, increasing the shares of common stock available under the plan from 6,500,000 to 9,158,525, providing more capacity for equity-based awards to directors, officers and employees.

The amended plan also adds an evergreen provision, allowing the share reserve to increase automatically on the first trading day of each calendar year from 2027 through 2031 by the lesser of 10.0% of shares outstanding as of the prior December 31 or a smaller amount set by the board. Stockholders also elected five directors and ratified CBIZ CPAs P.C. as independent auditors for the fiscal year ending December 31, 2026.

Positive

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Insights

INmune Bio gains sizable equity award capacity via shareholder-approved plan changes.

INmune Bio’s stockholders approved expanding the 2021 Stock Incentive Plan from 6,500,000 to 9,158,525 shares and adding an evergreen feature through 2031. This gives the company more flexibility to use stock-based awards for compensation and retention over several years.

The evergreen provision may add up to 10.0% of common shares outstanding each year from 2027 through 2031, subject to board discretion. Any actual impact on existing holders will depend on future grant levels and how extensively management uses the available pool.

Stockholders also ratified CBIZ CPAs P.C. as independent auditors for the year ending December 31, 2026 and re-elected all director nominees, signaling continuity in governance and oversight structures based on the information presented.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Plan share reserve (new) 9,158,525 shares Common stock issuable under Third Amended and Restated 2021 Stock Incentive Plan
Plan share reserve (prior) 6,500,000 shares Common stock issuable under prior Amended and Restated 2021 Stock Incentive Plan
Record-date shares outstanding 26,585,258 shares Common stock outstanding and entitled to vote as of April 20, 2026
Evergreen annual increase cap 10.0% of shares Maximum automatic increase of common stock outstanding each year from 2027–2031
Auditor ratification votes for 17,293,255 votes Votes for ratifying CBIZ CPAs P.C. as independent auditors for 2026
Plan approval votes for 6,085,086 votes Votes for approving the Third Amended and Restated 2021 Stock Incentive Plan
Third Amended and Restated 2021 Stock Incentive Plan financial
"stockholders of the Company approved the Company’s Third Amended and Restated 2021 Stock Incentive Plan (the “Amended Plan”)"
evergreen provision financial
"stockholders approved to implement an evergreen provision for the purpose of increasing the number of shares"
An evergreen provision is a clause in a financing or contract that automatically renews or replenishes the arrangement unless one party actively cancels it, like a subscription that keeps renewing each term. For investors it matters because it creates predictable, ongoing access to funding or ongoing contractual obligations — helping liquidity and planning — but can also hide long-term commitments or dilution risks if not reviewed.
Broker Non-Votes financial
"Votes For | | | Votes Withheld | | | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent auditors financial
"ratification of the appointment of CBIZ CPAs P.C. as the Company’s independent auditors"
Independent auditors are outside, licensed accountants who examine a company’s books, records and internal controls and issue an objective opinion on whether the financial statements accurately reflect the business’s financial position. Investors treat their report like a neutral inspector’s stamp — it increases trust, makes financial results easier to compare, and alerts readers if there are errors, omissions or other problems that could affect investment decisions.
Annual Meeting of stockholders financial
"held its annual meeting of stockholders (the “Annual Meeting”)"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 16, 2026

 

INMUNE BIO INC.
(Exact name of registrant as specified in charter)

 

Nevada   001-38793   47-5205835
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification No.)

 

225 NE Mizner Blvd., Suite 640
Boca Raton, Florida 33432

(Address of Principal Executive Offices) (Zip Code)

 

(561) 710-0512 

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

 

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 (see General Instruction A.2. below):

 

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)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per shares   INMB   The NASDAQ Stock Market LLC

 

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 mart 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

As noted in Item 5.07 below, on June 16, 2026, INmune Bio Inc. (the “Company”), held its annual meeting of stockholders (the “Annual Meeting”), where the stockholders of the Company approved the Company’s Third Amended and Restated 2021 Stock Incentive Plan (the “Amended Plan”), pursuant to which the shares of the Company’s common stock issuable under the Company’s Amended and Restated 2021 Stock Incentive Plan was increased from 6,500,000 shares to 9,158,525 shares. In addition, the stockholders approved to implement an evergreen provision for the purpose of increasing the number of shares of common stock reserved for the grant of Awards under the Amended Plan automatically on the first trading day of each calendar year beginning with calendar year 2027 through and including the first trading day of calendar year 2031 by the lesser of: (A) 10.0% of the total number of shares of our common stock outstanding on December 31 of the immediately preceding calendar year or (B) such smaller number of shares as is determined by the Company’s board of directors. The Amended Plan was previously approved by the Company’s board of directors and as noted below was approved by the Company’s stockholders at the Annual Meeting.

 

For a description of the material terms of the Amended Plan, see Proposal No. 3 in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 23, 2026 (the “Proxy Statement”), which description is incorporated herein by reference. The descriptions of the Amended Plan contained herein and in the Proxy Statement, are qualified in their entirety by reference to the full text of the Amended Plan, a copy of which is filed hereto as Exhibit 10.1. 

  

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

At the Annual Meeting, each share of the Company’s common stock was entitled to one vote per share. As of April 20, 2026, the record date for the Annual Meeting, 26,585,258 shares of common stock were outstanding and entitled to vote at the Annual Meeting. A summary of the matters voted upon by stockholders at the Annual Meeting is set forth below.

 

Proposal One: Election of Directors.

 

Stockholders elected each of the following nominees as directors to hold office until the next meeting of the Company’s stockholders and until his or her successor is elected and qualified.

 

Nominee  Votes For   Votes
Withheld
   Broker
Non-Votes
 
David Moss   6,834,995    2,120,682    8,501,317 
J. Kelly Ganjei   5,955,609    3,000,068    8,501,317 
Tim Schroeder   6,622,916    2,332,761    8,501,317 
Scott Juda, JD   7,508,310    1,447,367    8,501,317 
Marcia Allen   6,342,910    2,612,767    8,501,317 

 

1

 

Proposal Two: Ratification of Appointment of Independent Auditor.

 

Stockholders approved the ratification of the appointment of CBIZ CPAs P.C. as the Company’s independent auditors for the fiscal year ending December 31, 2026.

 

For  Against  Abstentions  Broker Non-Votes
17,293,255  107,064  56,675  0

 

Proposal Three: Approval of the Third Amended and Restated INmune Bio Inc. 2021 Stock Incentive Plan.

 

As noted above, the stockholders approved the Amended Plan.

 

For   Against   Abstentions   Broker Non-Votes
6,085,086   2,775,224   95,367   8,501,317

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Third Amended and Restated INmune Bio Inc. 2021 Stock Incentive Plan.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

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.

 

  INMUNE BIO INC.
   
Date: June 17, 2026 By: /s/ David Moss
    David Moss
    Chief Financial Officer

 

3

 

FAQ

What did INmune Bio (INMB) stockholders approve at the 2026 annual meeting?

Stockholders approved the Third Amended and Restated 2021 Stock Incentive Plan, elected five directors, and ratified CBIZ CPAs P.C. as independent auditors for the fiscal year ending December 31, 2026, based on the proposals presented at the annual meeting.

How many shares are now reserved under INmune Bio’s 2021 Stock Incentive Plan?

The share reserve under INmune Bio’s 2021 Stock Incentive Plan increased from 6,500,000 shares to 9,158,525 shares. This larger pool can be used for equity awards to directors, officers, employees, and other eligible participants under the amended plan.

What is the new evergreen provision in INmune Bio’s Amended 2021 Stock Incentive Plan?

The evergreen provision allows the share reserve to increase automatically each first trading day of calendar years 2027 through 2031 by the lesser of 10.0% of common shares outstanding on the prior December 31 or a smaller amount determined by INmune Bio’s board of directors.

How many INmune Bio shares were entitled to vote at the 2026 annual meeting?

As of April 20, 2026, the record date for the annual meeting, 26,585,258 shares of INmune Bio’s common stock were outstanding and entitled to one vote per share on the proposals presented to stockholders.

Did INmune Bio stockholders ratify the company’s independent auditor for 2026?

Yes. Stockholders ratified the appointment of CBIZ CPAs P.C. as INmune Bio’s independent auditors for the fiscal year ending December 31, 2026, with 17,293,255 votes for, 107,064 votes against, and 56,675 abstentions and no broker non-votes.

How did INmune Bio stockholders vote on the amended stock incentive plan?

For the Third Amended and Restated 2021 Stock Incentive Plan, 6,085,086 shares voted for, 2,775,224 voted against, and 95,367 abstained, with 8,501,317 broker non-votes. This vote approved the amendments, including the increased share reserve and evergreen feature.

Filing Exhibits & Attachments

4 documents