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 21, 2022

Airspan Networks Holdings Inc.

(Exact Name of Registrant as Specified in Charter)

777 Yamato Road, Suite 310, Boca Raton, FL 33431
(Address of Principal Executive Offices) (Zip Code)

(561) 893-8670
(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

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):

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At the 2022 Annual Meeting of Stockholders (the “Annual Meeting”) of Airspan Networks Holdings Inc. (the “Company”) held on June 21, 2022, the Company’s stockholders approved the Airspan Networks Holdings Inc. Amended and Restated 2021 Stock Incentive Plan (the “Amended and Restated 2021 Plan”). The amendments to the Airspan Networks Holdings Inc. 2021 Stock Incentive Plan (the “Original 2021 Plan”) made pursuant to the Amended and Restated 2021 Plan were previously adopted by the Board of Directors of the Company (the “Board”), upon the recommendation of the Compensation Committee of the Board (the “Compensation Committee”), on February 8, 2022, and April 27, 2022, subject to the approval of the Company’s stockholders at the Annual Meeting.

Upon approval by the Company’s stockholders at the Annual Meeting, the Amended and Restated 2021 Plan became effective and replaced the Original 2021 Plan. The purpose of the Amended and Restated 2021 Plan is to promote the interests of the Company and its stockholders by aiding the Company in attracting and retaining employees, officers, consultants, advisors and non-employee directors capable of assuring the Company’s future success, to offer such persons incentives to put forth maximum efforts for the success of the Company’s business and to compensate such persons through various stock-based arrangements and provide them with opportunities for stock ownership in the Company, thereby aligning the interests of such persons with the Company’s stockholders. The Amended and Restated 2021 Plan provides for the grant of nonqualified stock options, incentive stock options, restricted stock, restricted stock units, stock appreciation rights, dividend equivalents and other stock-based awards to employees, officers, consultants, advisors, non-employee directors and independent contractors designated by the Compensation Committee. Under the Amended and Restated 2021 Plan, the maximum number of shares of Company common stock that may be issued, subject to adjustment as provided in the Amended and Restated 2021 Plan, is 11,651,168 shares, plus any shares subject to awards under the Airspan Networks Inc. 2009 Omnibus Equity Compensation Plan that are forfeited or reacquired by the Company due to termination or cancellation. The term of the Amended and Restated 2021 Plan expires on July 23, 2031, unless terminated earlier.

A more detailed description of the material terms of the Amended and Restated 2021 Plan is set forth in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on May 10, 2022. The foregoing description of the Amended and Restated 2021 Plan is not complete and is qualified in its entirety by reference to the Amended and Restated 2021 Plan, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

The Company held the Annual Meeting on June 21, 2022. At the Annual Meeting, the following matters were voted on by the stockholders of the Company:

Proposal 1 – Election of Directors

At the Annual Meeting, the stockholders of the Company elected Mathew Oommen, Divya Seshamani and Eric D. Stonestrom as Class I directors of the Company, each for a three-year term ending at the 2025 Annual Meeting of Stockholders of the Company or until their successor is duly elected and qualified. The results of the voting were as follows:

Proposal 2 – Approval of the Amended and Restated 2021 Plan

At the Annual Meeting, the stockholders of the Company approved the Amended and Restated 2021 Plan. The results of the voting were as follows:

Proposal 3 – Ratification of the Appointment of Grant Thornton LLP as the Company’s Independent Registered Public Accounting Firm

At the Annual Meeting, the stockholders of the Company ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. The results of the voting were as follows:

Item 9.01 Financial Statements and Exhibits.

SIGNATURES

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.

EXHIBIT INDEX