Item
5.03. Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year.
(a) On
December 17, 2007, the Board of Directors of SciClone Pharmaceuticals, Inc.
(the
“Company”) adopted amendments to Article IV, Sections 4.2, 4.3 and 4.4 of the
Company’s Bylaws (the “Restated Bylaws”), effective on December 17, 2007, to
permit the issuance of shares of the Company’s capital stock in uncertificated
form. The amendments to the Restated Bylaws will permit direct or
“book-entry” registration of shares of the Company’s capital stock and thereby
facilitate the Company’s eligibility to participate in a direct registration
system (DRS).
Article
IV, Sections 4.2, 4.3 and 4.4 of the Restated Bylaws read as
follows:
“SECTION
4.2 Certificates of
Stock. The shares of the corporation shall be represented by
certificates, provided that the Board of Directors may provide by resolution
or
resolutions that some or all of any class or series of its stock shall be
uncertificated shares; provided, however, that no such resolution shall apply
to
shares represented by a certificate until such certificate is surrendered
to the
corporation. Every holder of stock of the corporation, and, upon
written request to the corporation’s transfer agent or registrar, any holder of
uncertificated shares, shall be entitled to have a certificate, in such form
as
may be prescribed by law and by the Board of Directors, certifying the number
and class of shares owned by him in the corporation. Each such certificate
shall
be signed by, or in the name of the corporation by, the Chairman or Vice
Chairman, if any, of the Board of Directors, or the President or a Vice
President, and the Treasurer or an Assistant Treasurer, or the Secretary
or an
Assistant Secretary of the corporation. Any or all of the signatures on the
certificate may be a facsimile.
Each
certificate for shares of stock which are subject to any restriction on transfer
pursuant to the Certificate of Incorporation, the Bylaws, applicable securities
laws or any agreement among any number of shareholders or among such holders
and
the corporation shall have conspicuously noted on the face or back of the
certificate either the full text of the restriction or a statement of the
existence of such restriction.
SECTION
4.3 Transfers. Except
as otherwise established by rules and regulations adopted by the Board of
Directors, and subject to applicable law, shares of stock may be transferred
on
the books of the corporation: (i) in the case of shares represented by a
certificate, by the surrender to the corporation or its transfer agent of the
certificate representing such shares properly endorsed or accompanied by a
written assignment or power of attorney properly executed, and with such proof
of authority or authenticity of signature as the corporation or its transfer
agent may reasonably require; and (ii) in the case of uncertificated shares,
upon the receipt of proper transfer instructions from the registered owner
thereof. Except as may be otherwise required by law, the Certificate of
Incorporation or the Bylaws, the corporation shall be entitled to treat the
record holder of stock as shown on its books as the owner of such stock for
all
purposes, including the payment of dividends and the right to vote with respect
to such stock, regardless of any transfer, pledge or other disposition of such
stock until the shares have been transferred on the books of the corporation
in
accordance with the requirements of these Bylaws.
SECTION 4.4 Lost,
Stolen or Destroyed
Certificates. The corporation may issue a new certificate of
stock in place of any previously issued certificate alleged to have been lost,
stolen, or destroyed, or it may issue uncertificated shares if the shares
represented by such certificate have been designated as uncertificated shares
in
a resolution adopted pursuant to Section 4.2, upon such terms and conditions
as
the Board of Directors may prescribe, including the presentation of reasonable
evidence of such loss, theft or destruction and the giving of such indemnity
as
the Board of Directors may require for the protection of the corporation or
any
transfer agent or registrar.”
The
Restated Bylaws of the Company are attached hereto as Exhibit 3.1.
Item
9.01. Financial Statements and
Exhibits
(a)
Financial
statements:
None
(b)
Pro forma financial
information:
None
(c)
Shell company
transactions:
None
(d)
Exhibits
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3.1
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Amended
and Restated Bylaws of SciClone Pharmaceuticals,
Inc.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Dated:
December 21, 2007
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SCICLONE
PHARMACEUTICALS,
INC.
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By:
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/s/
Richard Waldron
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Richard
Waldron
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Executive
Vice President &
Chief Financial Officer
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Exhibit
Index
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Exhibit
No.
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Description
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Amended
and Restated Bylaws of SciClone Pharmaceuticals,
Inc.
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