Form 8-K
8-K — Propanc Biopharma, Inc.
Accession: 0001493152-26-033173
Filed: 2026-07-14
Period: 2026-07-08
CIK: 0001517681
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
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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): July 8, 2026
PROPANC
BIOPHARMA, INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-42806
33-0662986
(State
or other jurisdiction
of
Incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
Number)
302,
6 Butler Street
Camberwell,
VIC, 3124 Australia
(Address
of registrant’s principal executive office) (Zip code)
+61-03-9882-0780
(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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.001
PPCB
The
Nasdaq Stock Market LLC
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.
Effective
July 8, 2026, Annie Van Broekhoven retired and stepped down from the Board of Directors (the “Board”) of Propanc Biopharma,
Inc. (the “Company”) and the Company accepted her resignation. That same day, the Board filled the vacancy on the Board left
by Ms. Van Broekhoven’s resignation and appointed Carlo Campiciano to serve on the Board until his resignation or removal.
Mr.
Campiciano is a qualified accountant and member of the Institute of Public Accountants in Australia, and has extensive business
experience in taxation, finance operations, planning and financial strategy. Mr. Campiciano obtained a Master of Entrepreneurship and
Innovation from Swinburne University of Technology, Graduate Diploma in Computing from Monash University Caulfield (formerly Caulfield
Institute of Technology) as well as a Bachelor of Business (Accounting) from RMIT University and Certificate in Corporate Governance
from the Governance Institute. Mr. Campiciano also holds US GAAP certification. Mr. Campiciano has been the CFO and Company Secretary
of MedAdvisor Limited, a company listed on the Australian Securities Exchange (ASX). Mr. Campiciano was part of the foundation team that
launched MedAdvisor in 2012 and since its launch has been key in raising several rounds of capital, as well as the company’s listing
on the ASX in December 2015. As part of the executive team of MedAdvisor, Mr. Campiciano has been instrumental in the strategic
and operational development of the business, which included seeing MedAdvisor expand its operations to be a market leader in Australia
as well as establishing the business in the USA and Asia. Additionally, Mr. Campiciano spent twelve years lecturing in venture finance
in the Masters of Entrepreneurship and Innovation program at the Swinburne Graduate School of Entrepreneurship.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits:
Exhibit
No.
Description
10.1
Director Agreement dated July 8, 2026 by and between Propanc Biopharma, Inc. and Carlo Campiciano
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
Date:
July 14, 2026
PROPANC
BIOPHARMA, INC.
By:
/s/
James Nathanielsz
Name:
James
Nathanielsz
Title:
Chief
Executive Officer and Chief Financial Officer
EX-10.1
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Exhibit
10.1
INDEPENDENT
DIRECTOR AGREEMENT
THIS
INDEPENDENT DIRECTOR AGREEMENT (this “Agreement”), is made effective as of July 8, 2026, and is by and between Propanc
Biopharma, Inc., a Delaware corporation (the “Company”), and the undersigned (the “Director”).
RECITALS
A.
The current Board consists of five members, two executive members and three independent members.
B.
One of the Boards independent members has resigned
C.
The Company desires to appoint the Director to serve on the Company’s board of directors (the “Board”) to replace
the independent member that has resigned. The appointment will include membership on one or more committees of the Board, and the Director
desires to accept such appointment to serve on the Board.
AGREEMENT
NOW
THEREFORE, in consideration of the mutual promises contained herein, the adequacy and sufficiency of which are hereby acknowledged, and
intending to be legally bound hereby, the Company and the Director hereby agree as follows:
1.
Duties. From and after the effective date of this agreement (the “Effective Time”), the Company requires
that the Director be available to perform the duties of an independent director customarily related to this function as may be determined
and assigned by the Board and as may be required by the Company’s constituent instruments, including its articles of incorporation
and bylaws, as amended, and its corporate governance and board committee charters, each as amended or modified from time to time, and
by applicable law, including the Delaware Revised Statutes. The Director agrees to devote as much time as is necessary to perform completely
the duties as a Director of the Company, including duties as a member of one or more committees of the Board, to which the Director may
hereafter be appointed. The Director will perform such duties described herein in accordance with the general fiduciary duty of directors.
The Director shall not be expected to devote full-time service to the Company, and nothing in this Agreement shall be construed as requiring
the Director to perform duties inconsistent with the Director’s position as a non-executive member of the Board.
2.
Term. The term of this Agreement shall commence as of the Effective Time, which shall be the date of the Director’s
appointment by the board of directors of the Company, and shall continue until the Director’s removal or resignation. In addition
to a termination of this Agreement pursuant to Section 8, the Company shall have the right to terminate this Agreement upon written notice
to the Director at any time without liability prior to the Effective Time.
3.
Compensation.
(a)
Cash Compensation.
(i)
$45,0000 USD per annum paid quarterly.
(b)
Equity Compensation.
(i)
Equity issuances will be considered fair and equitable, ranging between 0.5 to 4.99%, generally, based on the Board’s consensus
decision according to the achievements of various company milestones
The
Company and Director shall revisit compensation annually on the anniversary of this agreement or at such other time as the Company determines
but not more than twelve months from the effective date of this agreement.
4.
Independence. The Director acknowledges that his appointment hereunder is contingent upon the Board’s determination
that he is “independent” with respect to the Company, in accordance with the listing requirements of the Nasdaq and NYSE
American stock exchanges, and that his appointment may be terminated by the Company in the event that the Director does not maintain
such independence standard.
5.
Expenses. The Company shall reimburse the Director for pre-approved reasonable business related expenses incurred in good
faith in connection with the performance of the Director’s duties for the Company. Such reimbursement shall be made by the Company
upon submission by the Director of a signed statement itemizing the expenses incurred, which shall be accompanied by sufficient documentation
to support the expenditures.
6.
Other Agreements.
(a)
Confidential Information and Insider Trading. The Company and the Director each acknowledge that, in order for the intentions
and purposes of this Agreement to be accomplished, the Director shall necessarily be obtaining access to certain confidential information
concerning the Company and its affairs, including, but not limited to, business methods, information systems, financial data and strategic
plans which are unique assets of the Company (as further defined below, the “Confidential Information”) and that the
communication of such Confidential Information to third parties could irreparably injure the Company and its business. Accordingly, the
Director agrees that, during his association with the Company and thereafter, he will treat and safeguard as confidential and secret
all Confidential Information received by him at any time and that, without the prior written consent of the Company, he will not disclose
or reveal any of the Confidential Information to any third party whatsoever or use the same in any manner except in connection with the
business of the Company and in any event in no way harmful to or competitive with the Company or its business. For purposes of this Agreement,
“Confidential Information” includes any information not generally known to the public or recognized as confidential
according to standard industry practice, any trade secrets, know-how, development, manufacturing, marketing and distribution plans and
information, inventions, formulas, methods or processes, whether or not patented or patentable, pricing policies and records of the Company
(and such other information normally understood to be confidential or otherwise designated as such in writing by the Company), all of
which the Director expressly acknowledges and agrees shall be confidential and proprietary information belonging to the Company. Upon
termination of his association with the Company, the Director shall return to the Company all documents and papers relating to the Company,
including any Confidential Information, together with any copies thereof, or certify that he or she has destroyed all such documents
and papers. Furthermore, the Director recognizes that the Company has received and in the future will receive confidential or proprietary
information from third parties subject to a duty on the Company’s part to maintain the confidentiality of such information and,
in some cases, to use it only for certain limited purposes. The Director agrees that the Director owes the Company and such third parties,
both during the term of the Director’s association with the Company and thereafter, a duty to hold all such confidential or proprietary
information in the strictest confidence and not to, except as is consistent with the Company’s agreement with the third party,
disclose it to any person or entity or use it for the benefit of anyone other than the Company or such third party, unless expressly
authorized to act otherwise by an officer of the Company. In addition, the Director acknowledges and agrees that the Director may have
access to “material non-public information” for purposes of the federal securities laws (“Insider Information”)
and that the Director will abide by all securities laws relating to the handling of and acting upon such Insider Information. The Company
acknowledges and agrees that the Director may serve as a director, advisor, or officer of other entities, including entities that may
operate in the biotechnology or life sciences industries. Nothing in this Agreement shall prevent, restrict, or limit the Director from
performing such other functions, provided that the Director shall not disclose or use any Confidential Information of the Company in
connection with such other roles
(b)
Disparaging Statements. At all times during and after the period in which the Director is a member of the Board and at all times
thereafter, the Director shall not either verbally, in writing, electronically or otherwise: (i) make any derogatory or disparaging statements
about the Company, any of its affiliates, any of their respective officers, directors, shareholders, employees and agents, or any of
the Company’s current or past customers or employees, or (ii) make any public statement or perform or do any other act prejudicial
or injurious to the reputation or goodwill of the Company or any of its affiliates or otherwise interfere with the business of the Company
or any of its affiliates; provided, however, that nothing in this paragraph shall preclude the Director from complying with all obligations
imposed by law or legal compulsion, and provided, further, however, that nothing in this paragraph shall be deemed applicable to any
testimony given by the Director in any legal or administrative proceedings.
(c)
Work Product. Director agrees that any and all Work Product (as defined below) shall be the Company’s sole and exclusive
property. Director hereby irrevocably assigns to the Company all right, title and interest worldwide in and to any deliverables resulting
from the Director’s services as a director to the Company (“Deliverables”), and to any ideas, concepts,
processes, discoveries, developments, formulae, information, materials, improvements, designs, artwork, content, software programs, other
copyrightable works, and any other work product created, conceived or developed by you (whether alone or jointly with others) for the
Company during or before the term of this Agreement, including all copyrights, patents, trademarks, trade secrets, and other intellectual
property rights therein (the “Work Product”). Director retains no rights to use the Work Product and agrees
not to challenge the validity of our ownership of the Work Product. Director agrees to execute, at Company’s request and expense,
all documents and other instruments necessary or desirable to confirm such assignment. In the event that Director does not, for any reason,
execute such documents within a reasonable time after the Company’s request, Director hereby irrevocably appoint the Company as
Director’s attorney-in-fact for the purpose of executing such documents on your behalf, which appointment is coupled with an interest.
Director will deliver to the Company any Deliverables and disclose promptly in writing to us all other Work Product.
(d)
Enforcement. The Director acknowledges and agrees that the covenants contained herein are reasonable, that valid consideration
has been and will be received and that the agreements set forth herein are the result of arms-length negotiations between the parties
hereto. The Director recognizes that the provisions of this Section 6 are vitally important to the continuing welfare of the Company
and its affiliates and that any violation of this Section 6 could result in irreparable harm to the Company and its affiliates for which
money damages would constitute a totally inadequate remedy. Accordingly, in the event of any such violation by the Director, the Company
and its affiliates, in addition to any other remedies they may have, shall have the right to institute and maintain a proceeding to compel
specific performance thereof or to obtain an injunction or other equitable relief restraining any action by the Director in violation
of this Section 6 without posting any bond therefore or demonstrating actual damages, and the Director will not claim as a defense thereto
that the Company has an adequate remedy at law or require the posting of a bond. If any of the restrictions or activities contained in
this Section 6 shall for any reason be held by an arbitrator to be excessively broad as to duration, geographical scope, activity or
subject, such restrictions shall be construed so as thereafter to be limited or reduced to be enforceable to the extent compatible with
the applicable law; it being understood that by the execution of this Agreement the parties hereto regard such restrictions as reasonable
and compatible with their respective rights. The Director acknowledges that injunctive relief may be granted immediately upon the commencement
of any such action without notice to the Director and in addition Company may recover monetary damages.
(e)
Separate Agreement. The parties hereto further agree that the provisions of Section 6 are separate from and independent of the
remainder of this Agreement and that Section 6 is specifically enforceable by the Company notwithstanding any claim made by the Director
against the Company. The terms of this Section 6 shall survive termination of this Agreement.
7.
Market Stand-Off Agreement. In the event of a public or private offering of the Company’s securities, including in
connection with the Offering, and upon request of the Company, the underwriters or placement agents placing the offering of the Company’s
securities, the Director agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose
of any securities of the Company that the Director may own, other than those included in the registration, without the prior written
consent of the Company or such underwriters, as the case may be, for such period of time from the effective date of such registration
as may be requested by the Company or such placement agent or underwriter.
8.
Termination. With or without cause, the Company and the Director may each terminate this Agreement at any time upon ten
(10) days written notice, and the Company shall be obligated to pay to the Director the compensation and expenses due up to the date
of the termination. Nothing contained herein or omitted here from shall prevent the stockholder(s) of the Company from removing the Director
with immediate effect at any time for any reason.
9.
Indemnification. The Company shall indemnify, defend and hold harmless the Director, to the full extent allowed by the
law of the State of Delaware, and as provided by, or granted pursuant to, any charter provision, bylaw provision, agreement, vote of
stockholders or disinterested directors or otherwise, both as to action in the Director’s official capacity and as to action in
another capacity while holding such office. The Company shall obtain and maintain during the term of this Agreement, at its sole expense,
directors’ and officers’ liability insurance policies with reputable insurers, providing coverage for the Director to the
maximum extent reasonably available and in any case no less favorable in scope and amount than is customary for publicly traded companies
of comparable size and market capitalization. The Company shall not amend such policies in a manner that materially reduces coverage
without the Director’s prior written consent.
10.
Effect Of Waiver. The waiver by either party of the breach of any provision of this Agreement shall not operate as or be
construed as a waiver of any subsequent breach thereof.
11.
Notice. Any and all notices referred to herein shall be sufficient if furnished in writing at the addresses specified on
the signature page hereto or, if to the Company, to the Company’s address as specified in filings made by the Company with the
U.S. Securities and Exchange Commission.
12.
Governing Law; Arbitration. This Agreement shall be interpreted in accordance with, and the rights of the parties hereto
shall be determined by, the laws of the State of Delaware without reference to that state’s conflicts of laws principles. Any disputes
or claims arising under or in connection with this Agreement or the transactions contemplated hereunder shall be resolved by binding
arbitration. Notice of a demand to arbitrate a dispute by any party hereto shall be given in writing to the other parties hereto at their
last known addresses. Arbitration shall be commenced by the filing by such a party of an arbitration demand with the American Arbitration
Association (“AAA”). The arbitration and resolution of the dispute shall be resolved by a single arbitrator appointed by
the AAA pursuant to AAA rules. The arbitration shall in all respects be governed and conducted by applicable AAA rules, and any award
and/or decision shall be conclusive and binding on the parties. The arbitration shall be conducted in San Diego, California. The arbitrator
shall supply a written opinion supporting any award, and judgment may be entered on the award in any court of competent jurisdiction.
Each party hereto shall pay its own fees and expenses for the arbitration, except that any costs and charges imposed by the AAA and any
fees of the arbitrator for his services shall be assessed against the losing party by the arbitrator. In the event that preliminary or
permanent injunctive relief is necessary or desirable in order to prevent a party from acting contrary to this Agreement or to prevent
irreparable harm prior to a confirmation of an arbitration award, then any party hereto is authorized and entitled to commence a lawsuit
solely to obtain equitable relief against the other such parties pending the completion of the arbitration in a court having jurisdiction
over those parties.
13.
Assignment. The rights and benefits of the Company under this Agreement shall be transferable, and all the covenants and
agreements hereunder shall inure to the benefit of, and be enforceable by or against, its successors and assigns. The duties and obligations
of the Director under this Agreement are personal and therefore the Director may not assign any right or duty under this Agreement without
the prior written consent of the Company.
14.
Miscellaneous. If any provision of this Agreement shall be declared invalid or illegal, for any reason whatsoever, then,
notwithstanding such invalidity or illegality, the remaining terms and provisions of the this Agreement shall remain in full force and
effect in the same manner as if the invalid or illegal provision had not been contained herein. The article headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. This Agreement
may be executed in any number of counterparts, each of which shall be deemed an original but all of which taken together shall constitute
one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature
complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so
delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. Except as provided elsewhere
herein, this Agreement sets forth the entire agreement of the parties with respect to its subject matter and supersedes all prior agreements,
promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or
representative of any party to this Agreement with respect to such subject matter.
[Signature
Page Follows]
IN
WITNESS WHEREOF, the parties hereto have caused this Independent Director Agreement to be duly executed and signed as of the day and
year first above written.
The
Company:
Propanc
Biopharma Inc.
By:
/s/
James Nathanielsz
Name:
James
Nathanielsz
Title:
CEO
The
Director:
/s/ Carlo Campiciano
Carlo Campiciano
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