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 9, 2005
Palatin Technologies, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-15543 | 95-4078884 |
| (State or other jurisdiction | (Commission | (IRS employer |
| of incorporation) | File Number) | identification number) |
| 4C Cedar Brook Drive, Cranbury, NJ | 08512 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (609) 495-2200
Item 1.01 Entry into a Material Definitive Agreement
At a special meeting on June 9, 2005, our stockholders approved the Palatin Technologies, Inc. 2005 Stock Plan. The text of the plan is attached as an exhibit to this report.
The plan, which has a ten-year term, authorizes the grant of stock options and other forms of stock-based awards covering up to 5,000,000 shares of our common stock. Our employees, non-employee directors and consultants are eligible to receive grants under the plan. Our proxy statement for the June 9, 2005 special meeting of stockholders, filed with the SEC on May 4, 2005, contains a description of the terms of the plan.
Item 9.01 Financial Statements and Exhibits.
| (c) | Exhibits: |
| 10.01 Palatin Technologies, Inc.2005 Stock Plan |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| PALATIN TECHNOLOGIES, INC. | ||
| Date: June 10, 2005 | By: /s/ Stephen T. Wills
Stephen T. Wills, CPA, MST Executive Vice President and Chief Financial Officer |
-2-
EXHIBIT INDEX
| 10.01 | Palatin Technologies, Inc. 2005 Stock Plan |