Beyond Air, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of Beyond Air, Inc.'s 2026 Annual Meeting of Stockholders held on January 30, 2026. The company is incorporated in Delaware and trades on The Nasdaq Stock Market LLC under the symbol XAIR. As of the record date of December 3, 2025, there were 8,009,488 shares of common stock outstanding.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting outcomes rather than financial performance.
Material Changes and Voting Results
A quorum was established with 4,221,408 shares (52.70% of outstanding shares) represented. The following matters were submitted to a vote:
- Proposal 1 (Director Elections): All six nominees were elected. Notably, Dr. William Forbes, Yoori Lee, and Erick J. Lucera received significant "Withheld" votes (approximately 35-38% of votes cast), while Steven A. Lisi, Robert S. Goodman, and Robert F. Carey received strong support with less than 8% withheld.
- Proposal 2 (Auditor Ratification): Stockholders ratified the appointment of WithumSmith+Brown, PC as the independent registered public accounting firm for the fiscal year ending March 31, 2026, with 95.4% voting "For".
- Proposal 3 (Equity Incentive Plan): Stockholders approved the Eighth Amended and Restated 2013 Equity Incentive Plan, increasing the number of shares reserved for issuance by 850,000. The proposal passed with 55.8% voting "For".
- Proposal 4 (Adjournment): Stockholders approved the adjournment proposal, though it was deemed unnecessary as the other proposals were approved.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on financial outlook, specific risks, or contingencies. The document serves as a disclosure of the completed voting process.
Investor Verification Checklist
- Verify the specific reasons for the high "Withheld" vote percentages for directors Dr. William Forbes, Yoori Lee, and Erick J. Lucera.
- Confirm the impact of the 850,000 share increase in the Equity Incentive Plan on potential future dilution.
- Review the full Proxy Statement filed on December 19, 2025, for detailed biographies of the directors and the full text of the amended Equity Incentive Plan.
- Check subsequent filings for the company's financial results for the fiscal year ending March 31, 2026, as this 8-K does not contain financial data.