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Scinai Immunotherapeutics (SCNI) investors approve board, share hike, RSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Scinai Immunotherapeutics Ltd. held its Annual Meeting of Shareholders on June 16, 2026, where all proposals on the agenda were approved. Shares entitled to vote totaled 15,839,168,000 ordinary shares (3,959,792 ADSs), with 2,544,796,000 ordinary shares (636,199 ADSs) present, establishing a quorum.

Shareholders re-elected directors Sam Moed and Yael Margolin to serve until the third future annual meeting, and re-elected Adi Raviv until the second future annual meeting. They also approved an amendment to the Articles of Association to increase the number of authorized ordinary shares.

Compensation-related items passed as well, including an amendment to CEO Amir Reichman’s employment agreement, a 2026 long-term incentive RSU grant for him, and an RSU grant plus extended service agreement for Chairman Mark Germain. Shareholders further approved and ratified the appointment of Zvi Haft, a BDO member firm, as auditor for 2026. This report is incorporated by reference into existing Form S-8 and Form F-3 registration statements.

Positive

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Negative

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Shares entitled to vote 15,839,168,000 ordinary shares (3,959,792 ADSs) Voting power at June 16, 2026 annual meeting
Shares present (quorum) 2,544,796,000 ordinary shares (636,199 ADSs) Shares represented in person or by proxy at meeting
Votes for authorized share increase 2,124,724,000 shares (531,181 ADSs) Proposal 3 votes in favor
Votes against authorized share increase 247,448,000 shares (61,862 ADSs) Proposal 3 votes against
Abstentions on authorized share increase 172,624,000 shares (43,156 ADSs) Proposal 3 abstentions
Votes for CEO employment amendment 2,463,984,000 shares (615,996 ADSs) Proposal 4 votes in favor
Votes for 2026 CEO RSU grant 2,323,028,000 shares (580,757 ADSs) Proposal 5 votes in favor
Votes for auditor appointment 2,413,540,000 shares (603,385 ADSs) Proposal 8 votes in favor
American Depository Shares financial
"15,839,168,000 Ordinary Shares (represented by 3,959,792 American Depository Shares"
American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.
Articles of Association regulatory
"approve an amendment to the Company’s Articles of Association to increase the number"
A company's articles of association are its written rulebook that sets how the business is run, how decisions are made, and what rights owners and directors have—covering voting, meetings, appointment and removal of directors, share classes and dividend policies. For investors, these rules matter because they determine how easily control can change, what protections minority owners have, and how corporate actions (like issuing new shares or changing leadership) are approved, much like a home’s bylaws shaping what residents can and cannot do.
restricted share units financial
"approve a grant of restricted share units to Amir Reichman, the Company’s Chief"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Registration Statements on Form S-8 regulatory
"incorporated by reference into the registrant’s Registration Statements on Form S-8"
Form F-3 regulatory
"Registration Statements on Form S-8 ... and Form F-3 (File Nos. 333-295698"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
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FAQ

What did Scinai Immunotherapeutics (SCNI) shareholders approve at the June 2026 meeting?

Shareholders approved all eight proposals, including director re-elections, an increase in authorized ordinary shares, changes to CEO and chairman compensation, and the appointment of Zvi Haft, a BDO member firm, as auditor for 2026.

How many Scinai (SCNI) shares were entitled to vote at the 2026 annual meeting?

A total of 15,839,168,000 ordinary shares, represented by 3,959,792 American Depository Shares (ADSs), were entitled to vote at the annual meeting held on June 16, 2026.

What was the quorum at Scinai Immunotherapeutics’ June 2026 shareholder meeting?

The quorum consisted of 2,544,796,000 ordinary shares, represented by 636,199 ADSs. This level of participation met the company’s requirement to conduct official business and validate the voting results.

Did Scinai (SCNI) shareholders approve increasing authorized ordinary shares?

Yes, shareholders approved an amendment to the Articles of Association to increase the number of authorized ordinary shares, with 2,124,724,000 shares (531,181 ADSs) voting for, 247,448,000 against, and 172,624,000 abstaining.

What compensation changes for Scinai’s CEO were approved at the 2026 meeting?

Shareholders approved an amendment to CEO Amir Reichman’s employment agreement and granted him restricted share units as his 2026 long-term incentive award, both receiving strong support in the shareholder vote.

Who was appointed as Scinai Immunotherapeutics’ auditor for 2026?

Shareholders approved and ratified the appointment of Zvi Haft, certified public accountants in Israel and a member of BDO, as the company’s auditors for 2026 and until the next annual meeting.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934 

 

For the Month of June 2026

 

Commission File Number: 001-37353

 

SCINAI IMMUNOTHERAPEUTICS LTD.

(Translation of registrant’s name into English)

 

Jerusalem BioPark, 2nd Floor

Hadassah Ein Kerem Campus

Jerusalem, Israel

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

On June 16, 2026, Scinai Immunotherapeutics Ltd (the “Company”) held an Annual Meeting of Shareholders (the “Meeting”). The total number of ordinary shares of the Company entitled to vote at the Meeting was 15,839,168,000 Ordinary Shares (represented by 3,959,792 American Depository Shares (“ADSs”)), and there were present, in person or by proxy, 2,544,796,000 ordinary shares (represented by 636,199 ADSs), which constituted a quorum for the Meeting. The matters voted upon, and the results of the vote were as follows:

 

Proposal 1a: To approve the re-election of Mr. Sam Moed and Dr. Yael Margolin to the Board of Directors, to serve until the third annual meeting after the Meeting.

 

The shareholders approved the re-election of Mr. Sam Moed to the Board of Directors, to serve until the third annual meeting after the Meeting:

 

 FOR    AGAINST    ABSTAIN 
 2,406,876,000 (601,719 ADSs)    68,612,000 (17,153 ADSs)    31,276,000 (7,819 ADSs) 

 

Proposal 1b: To approve the re-election of Dr. Yael Margolin to the Board of Directors, to serve until the third annual meeting after the Meeting.

 

The shareholders approved the re-election of Dr. Yael Margolin to the Board of Directors, to serve until the third annual meeting after the Meeting:

 

 FOR    AGAINST    ABSTAIN 
 2,405,340,000 (601,335 ADSs)    68,788,000 (17,197 ADSs)    32,636,000 (8,159 ADSs) 

 

Proposal 2: To the re-election of Mr. Adi Raviv to the Board of Directors, to serve until the second annual meeting after the Meeting.

 

The shareholders approved the re-election of Mr. Adi Raviv to the Board of Directors, to serve until the second annual meeting after the Meeting:

 

 FOR    AGAINST    ABSTAIN 
 2,406,944,000 (601,736)    67,184,000 (16,796 ADSs)    32,636,000 (8,159 ADSs) 

 

Proposal 3: To approve an amendment to the Company’s Articles of Association to increase the number of authorized Ordinary Shares.

 

The shareholders approved an amendment to the Company’s Articles of Association to increase the number of authorized Ordinary Shares:

 

 FOR    AGAINST    ABSTAIN 
 2,124,724,000 (531,181 ADSs)    247,448,000 (61,862 ADSs)    172,624,000 (43,156 ADSs) 

 

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Proposal 4: To approve an amendment to the employment agreement with Amir Reichman, the Company’s Chief Executive Officer.

 

The shareholders approved an amendment to the employment agreement with Amir Reichman, the Company’s Chief Executive Officer:

 

 FOR    AGAINST    ABSTAIN 
 2,463,984,000 (615,996 ADSs)    39,556,000 (9,889 ADSs)    18,864,000 (4,716 ADSs) 

 

Proposal 5: To approve a grant of restricted share units to Amir Reichman, the Company’s Chief Executive Officer, as Mr. Reichman’s long-term incentive grant award for the year 2026.

 

The shareholders approved a grant of restricted share units to Amir Reichman, the Company’s Chief Executive Officer, as Mr. Reichman’s long-term incentive grant award for the year 2026:

 

 FOR    AGAINST    ABSTAIN 
 2,323,028,000 (580,757 ADSs)    191,416,000 (47,854 ADSs)    12,320,000 (3,080 ADSs) 

 

Proposal 6: To approve an extension of the Company’s service agreement with Mr. Mark Germain, the Company’s Chairman of the Board.

 

The shareholders approved an extension of the Company’s service agreement with Mr. Mark Germain, the Company’s Chairman of the Board:

 

 FOR    AGAINST    ABSTAIN 
 2,388,868,000 (597,217 ADSs)    92,840,000 (23,210 ADSs)    22,472,000 (5,618 ADSs) 

 

Proposal 7: To approve a grant of restricted share units to Mr. Germain for special recent efforts on behalf of the Company.

 

The shareholders approved a grant of restricted share units to Mr. Germain for special recent efforts on behalf of the Company:

 

 FOR    AGAINST    ABSTAIN 
 2,289,772,000 (572,443 ADSs)    228,100,000 (57,025 ADSs)    7,868,000 (1,967 ADSs) 

 

Proposal 8: To approve and ratify the appointment of Zvi Haft, certified public accountants in Israel and a member of BDO, as the Company’s auditors for the year 2026 and for an additional period until the next annual meeting.

 

The shareholders approved and ratified the appointment of Zvi Haft, certified public accountants in Israel and a member of BDO, as the Company’s auditors for the year 2026 and for an additional period until the next annual meeting:

 

 FOR    AGAINST    ABSTAIN 
 2,413,540,000 (603,385 ADSs)    64,420,000 (16,105 ADSs)    27,740,000 (6,935 ADSs) 

 

This Report on Form 6-K is hereby incorporated by reference into the registrant’s Registration Statements on Form S-8 (File Nos. 333-291460, 333-271293 and 333-239344) and Form F-3 (File Nos. 333-295698, 333-274078 and 333-276767), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

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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.

 

  Scinai Immunotherapeutics Ltd
   
June 17, 2026 /s/ Amir Reichman
  Amir Reichman
  Chief Executive Officer

 

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