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

Date of Report: May 8, 2012
(Date of Earliest Event Reported:  May 4, 2012)




Akorn, Inc.
(Exact Name of Registrant as Specified in its Charter)

Louisiana

 

001-32360

 

72-0717400

(State or other
Jurisdiction of
Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1925 W. Field Court, Suite 300
Lake Forest, Illinois 60045

(Address of principal executive offices)

(847) 279-6100
(Registrant’s telephone number, including area code)

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))


Item 2.02    Results of Operations and Financial Condition

On May 8, 2012, Akorn, Inc. issued a press release announcing financial results for the quarter ended March 31, 2012.  A copy of the press release is furnished as Exhibit 99.1 to this report.

The information in this report, including the exhibit hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.


Item 5.07     Submission of Matters to a Vote of Security Holders

On May 4, 2012, Akorn, Inc. held its annual meeting of shareholders.  At that meeting, by proxy vote, the shareholders of the Company voted affirmatively to elect seven directors, to ratify the Audit Committee’s selection of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012, and to approve by non-binding advisory vote the Company’s current executive compensation program.

  1.

Election of Directors. The following seven individuals were elected to serve as directors of the Company for a one-year term beginning immediately and continuing until the date of the Company’s 2013 annual meeting of shareholders and until his or her successor is elected and has qualified:

 
Nominee

Votes
For

Votes
Withheld

Broker
Non Votes

John N. Kapoor, Ph.D. 75,000,019 1,775,181 12,136,813
Kenneth S. Abramowitz 76,738,919 36,281 12,136,813
Adrienne L. Graves, Ph.D. 76,737,269 37,931 12,136,813
Ronald M. Johnson 74,152,475 2,622,725 12,136,813
Steven J. Meyer 76,393,299 381,901 12,136,813
Brian Tambi 76,632,931 142,269 12,136,813
Alan Weinstein 76,391,499 383,701 12,136,813
  2. Ratification of Ernst & Young LLP to serve as our independent registered public accounting firm for the fiscal year ending December 31, 2012. Ratification required affirmative vote of a majority of the votes cast. Voting results were as follows:
 
Shares Voted

Percent of

Votes Cast

For 88,795,079 99.9%
Against 96,978 0.1%

Abstain

19,956 0.0%

Broker Non Votes

0 n/a


  3. Non-binding advisory vote to approve the Company’s current executive compensation program. The advice of shareholders is based on the majority of votes cast, with abstentions and non-votes having no impact on the results. Voting results were as follows:
 
Shares Voted

Percent of

Votes Cast

For 75,147,750 97.9%
Against 1,562,697 2.0%
Abstain 64,753 0.1%

Broker Non Votes

12,136,813 n/a

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits. See the Exhibit Index, which is hereby incorporated by reference.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Akorn, Inc.

 
 

 

 

By:

/s/ Timothy A. Dick

Timothy A. Dick

Chief Financial Officer

 

Date:

May 8, 2012


Exhibit Index

Exhibit No.   Description of Exhibit.
 
99.1 Press release issued by Akorn, Inc. on May 8, 2012 announcing financial results for the quarter ended March 31, 2012.