Full Press Release Details
PHARMACYTE BIOTECH, INC.
23046 Avenida de la Carlota, Suite 600
Laguna Hills, California 92653
To Our Stockholders:
You are cordially invited to attend a Special
Meeting of the stockholders of PharmaCyte Biotech, Inc., a Nevada corporation ("PharmaCyte"), to be held at the Courtyard
by Marriott located at 7955 Irvine Center Drive, Irvine, California 92618 on Wednesday, September 11, 2019 at 11:00 a.m. Pacific
Daylight Time to consider and vote on the following matters:
The formal Notice of Special Meeting of Stockholders
and Proxy Statement accompanying this letter describe the business to be acted upon at the meeting.
Your vote is important to us, and your shares
should be represented at the meeting whether or not you are able to attend. Accordingly, I encourage you promptly to mark, sign,
date and return the accompanying proxy.
On behalf of the Board, thank you for your
continued support of PharmaCyte.
| Sincerely, | |
| /s/ Kenneth L. Waggoner | |
| Kenneth L. Waggoner | |
| Chairman of the Board, Chief Executive Officer, President and General Counsel |
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
To Be Held on September 11, 2019
NOTICE IS HEREBY GIVEN that PharmaCyte Biotech,
Inc., a Nevada corporation ("PharmaCyte"), will be holding a Special Meeting of Stockholders ("Special Meeting")
on Wednesday, September 11, 2019 at 11:00 a.m. Pacific Daylight Time at the Courtyard by Marriott located at 7955 Irvine Center
Drive, Irvine, California 92618 for the following purposes, which are described more fully in the accompanying Proxy Statement:
All stockholders owning common stock of PharmaCyte
of record at the close of business on August 16, 2019 are entitled to notice of, and to vote at, the Special Meeting or any adjournment
The Board has authorized the solicitation
of proxies and unanimously recommends a vote FOR Items 1, 2 and 3 described above.
If you submit a proxy, you may revoke your
proxy at any time before its exercise by notifying PharmaCyte's Secretary in writing at c/o PharmaCyte Biotech, Inc., 23046
Avenida de la Carlota, Suite 600, Laguna Hills, California 92653 prior to the Special Meeting, and, if you attend the Special Meeting,
you may revoke your proxy if previously submitted and vote in person by notifying the PharmaCyte's Secretary at the Special
Your vote is very important. Whether or not
you plan to attend the Special Meeting, we encourage you to read the Proxy Statement and submit your proxy as soon as possible.
You may submit your proxy for the Special Meeting by completing, signing, dating and returning your proxy in the pre-addressed
| By Order of the Board of Directors, | |
| /s/ Kenneth L. Waggoner | |
| Kenneth L. Waggoner | |
| Chairman of the Board, Chief Executive Officer, President and General Counsel |
Laguna Hills, California
PHARMACYTE BIOTECH, INC.
________________________
________________________
FOR THE 2019 SPECIAL MEETING OF STOCKHOLDERS
This Proxy Statement is being furnished in
connection with the solicitation of proxies by the Board of Directors ("Board") of PharmaCyte Biotech, Inc., a Nevada
corporation ("PharmaCyte"), 23046 Avenida de la Carlota, Suite 600, Laguna Hills, California 92653, for use at the
2019 Special Meeting of Stockholders ("Special Meeting") to be held on Wednesday, September 11, 2019, at 11:00 a.m.
Pacific Daylight Time, at the Courtyard by Marriott located at 7955 Irvine Center Drive, Irvine, California 92618. The Board urges
you to promptly execute and return your proxy in the enclosed envelope, even if you plan to attend the Special Meeting. This is
designed to authenticate stockholders' identities, to allow stockholders to give their voting instructions and to confirm
that stockholders' instructions have been recorded properly. This Proxy Statement and the enclosed proxy card are being mailed
to the stockholders of PharmaCyte on or about August 23, 2019.
Any stockholder submitting a proxy may revoke
such proxy at any time prior to its exercise by notifying PharmaCyte's Secretary, in writing, before the Special Meeting.
Any stockholder attending the Special Meeting may revoke his, her or its proxy and vote personally by notifying PharmaCyte's
Secretary at the Special Meeting.
Only stockholders owning common stock, as
of record at the close of business on August 16, 2019 ("Record Date"), will be entitled to notice of, and to vote at,
the Special Meeting or any adjournment thereof. At the close of business on the Record Date, PharmaCyte had 1,328,171,172 outstanding
shares of common stock, $0.0001 par value per share ("Common Stock"). Each share of Common Stock entitles the holder
thereof to one vote for each share of Common Stock held of record on the Record Date on each matter that may properly come before
the Special Meeting. We encourage you to vote promptly, even if you plan to attend the Special Meeting.
If the accompanying proxy card is signed
and returned, the shares represented thereby will be voted in accordance with the directions on the proxy card. Unless a stockholder
specifies otherwise therein, the proxy will be voted in accordance with the recommendations of the Board on all proposals. The
presence in person or by proxy of one-third (1/3) of the voting power represented by outstanding shares of Common Stock will constitute
a quorum for the transaction of business at the Special Meeting.
If a quorum exists, except with respect to
the election of directors, action on a matter by the shareholders is approved if the votes cast by the holders of the shares represented
at the Special Meeting in person or by proxy and entitled to vote on the subject matter favoring the action exceed the votes cast
opposing the action (with "abstentions" and "broker non-votes" not counted as a vote cast with respect
to that matter). This means that the number of shares voted "FOR" an action or matter must exceed the number of shares
voted "Against" that action or matter. With respect to the election of directors, if a quorum exists, directors are
to be elected by a plurality of the votes cast by the shares entitled to vote (with "abstentions" and "broker
non-votes" not counted as a vote cast with respect to that director). Accordingly, the six nominees for election as directors
at the Special Meeting who receive the greatest number of votes cast for election will be the duly elected directors.
PROXY STATEMENT SUMMARY
2019 SPECIAL MEETING OF STOCKHOLDERS
Date and Time: Wednesday, September 11, 2019,
11:00 a.m. Pacific Daylight Time
Location: The Courtyard by Marriott, 7955 Irvine
Center Drive, Irvine, California 92618
Record Date: August 16, 2019
MEETING AGENDA AND BOARD RECOMMENDATIONS
| Item | Board Recommendation | Page Reference | |||
| 1. | To approve a Certificate of Amendment ("Articles Amendment") to PharmaCyte's Articles of Incorporation, as amended ("Articles") to provide the Board the power to designate the rights and preferences of PharmaCyte's preferred stock; | FOR | 5 | ||
| 2. | To elect six directors as nominated by the Board, each to serve a one-year term; | FOR | 7 | ||
| 3. | To ratify Armanino LLP ("Armanino") as PharmaCyte's independent registered public accounting firm for the fiscal year ending April 30, 2020; and | FOR | 22 | ||
| 4. | To consider and act upon any other business as may properly come before the Special Meeting or any adjournments thereof. | FOR | 26 |
APPROVAL OF ARTICLES AMENDMENT TO PROVIDE THE BOARD OF DIRECTORS WITH THE POWER TO DESIGNATE THE RIGHTS AND PREFERENCES OF PHARMACYTE'S
We are asking stockholders to approve the
Articles Amendment, substantially in the form of hereto, that would provide the Board the power to designate the rights and preferences
of PharmaCyte's preferred stock. Additional information regarding this item may be found beginning on page 5.
ITEM 2 - ELECTION OF DIRECTORS
The Board has nominated
six directors for election at the Special Meeting, based on the recommendation of the Board's Nominating Committee. Additional
information regarding each nominee may be found beginning on page 7.
ITEM 3 - RATIFICATION OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
Though not required, as a matter of good
corporate governance, we are asking stockholders to ratify the selection of Armanino as our independent registered public accounting
firm for our fiscal year ending April 30, 2020. Additional information regarding this item may be found beginning on page 22.
ITEM 4 - ADJOURNMENT
At the Special Meeting, we may ask our stockholders
to vote on a proposal to adjourn the Special Meeting if necessary or appropriate in the sole discretion of the Board, including
to solicit additional proxies in the event that there are not sufficient votes at the time of the Special Meeting or any adjournment
or postponement of the Special Meeting to approve any of the other proposals. Additional information regarding this item may be
found beginning on page 26.