SEC Comment Letter for ENZO BIOCHEM INC (ENZ) (CIK 0000316253) — Feb 14, 2020
ENZO BIOCHEM INC (ENZ) (CIK 0000316253)
Date: Feb. 14, 2020 · CIK: 0000316253 · Accession: 0000000000-20-001416
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File numbers found in text: 001-09974
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February 13, 2020 Kai Haakon E. Liekefett, Esq. Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 Re: Enzo Biochem , Inc . Preliminary Proxy Statement filed on February 11 , 2020 File No. 001-09974 Dear M r. Liekefett : We have reviewed the above filing and related response letter and have the following comments. 1. We note your response to prior comment 1 . We reissue the po rtion of the comment requesting a description of the procedural requirements to postpone an annual meeting . 2. In addition , please confirm in your response letter that if quorum had been established at the January 31 meeting, the Board co uld still have adjourned the me eting over the objection of holders of the majority of shares present in person or by proxy or a majority of shares of the voting stock outstanding. In responding to this portion of the comment , please address NY BCL section 608(d) , In re Dollinger Corp., 274 N.Y.S.2d 285, 287 (N.Y. Sup Ct. 1966)( “It is the shareholders ’ meeting, the owners of the company, who have the right to make a decision on a question of adjournment , and not of the president who has only the duty of presiding .”) and Article 1, Section 6 of the By -Laws , including the penultimate sentence thereto (“[i]n the absence of a quorum, the holders of a majority of the votes of the shares of stock present in person or by proxy and entitled to vote, or if no shareholder entitled to vote is present, then any officer of the Corporation may adjourn the meeting from time to time ”). We note that the authority cited in the response to prior comment 1 to support the directors ’ ability to adjourn a meeting is that of the Delaware Court of Chancery as opposed to that of a New York court . 3. Please advise us as to what communication, if any, the Company provided to shareholders to clarify that notwithstanding that the meeting was “delayed” until February 25, as disclosed in the January 28 press release filed as additional definitive material on January 29, 2020, that the meeting would still be held on Jan uary 31 in order for it to be adjourned . * * * Kai Haakon E. Liekefett, Esq. Sidley Austin LLP February 13, 2020 Page 2 We remind you that the company a nd its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact me at (202) 551 -3444 with any questions. Sincerely, /s/ Perry J. Hindin Perry J. Hindin Special Counsel Office of Mergers and Acquisitions