Item 5. Other Information
ITEM 5. OTHER INFORMATION
On August ___, 2023, the Board of Directors amended the exercise provisions of the 2022 Stock Incentive Plan to permit holders of stock options to exercise their options on a net-exercise/cashless basis, subject to the discretion of the board’s compensation committee (which administers the plan) to limit such exercises. On the same date, the compensation committee approved the accelerated vesting of stock options earlier issued to non-executives and non-directors, immediately upon any change of control of the Company.
ITEM 6. EXHIBITS
Exhibit
Number
Description
3.1
Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed January 23, 2013)
3.2
Amended and Restated Bylaws of Mill City Ventures III, Ltd. (incorporated by reference to Exhibit 3.2 to the registrant’s registration statement on Form 10-SB filed on January 29, 2008)
10.1*
Amendment to 2022 Stock Incentive Plan, dated August ---, 2023
31.1 *
Section 302 Certification of the Chief Executive Officer
31.2 *
Section 302 Certification of the Chief Financial Officer
32.1 *
Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. §1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
____________________
* Filed herewith
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Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
MILL CITY VENTURES III, LTD.
Date: August 15, 2022 By: /s/ Douglas M. Polinsky
Douglas M. Polinsky
Chief Executive Officer
Date: August 15, 2022 By: /s/ Joseph A. Geraci, II
Joseph A. Geraci, II
Chief Financial Officer
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.