Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal


           Year.

Effective September 11, 2020, the Board of Directors (the "Board") of Avid Bioservices, Inc. (the "Company") amended and restated the Company's Amended and Restated Bylaws (as so amended and restated, the "Amended and Restated Bylaws"). The Amended and Restated Bylaws reflect modifications to Sections 1, 4 and 8 of Article II to expressly allow for virtual meetings of the Company's stockholders by means of remote communication and make corresponding procedural changes related thereto. In accordance with the Amended and Restated Bylaws and Section 211(a) of the Delaware General Corporation Law, the Board may elect to hold any or all future meetings of the Company's stockholders, including the Company's 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting"), virtually by remote communication.

The preceding description of the Amended and Restated Bylaws is qualified in its entirety by reference to, and should be read in conjunction with, the full text of the Amended and Restated Bylaws, a copy of which is attached hereto as Exhibit 3.2 to this Current Report on Form 8-K and is incorporated herein by reference.




 Item 8.01 Other Events.

On September 15, 2020, the Company issued a press release announcing that, due to the continued public health precautions regarding in-person gatherings given the coronavirus/COVID-19 pandemic, and to support the health, safety and well-being of our stockholders, directors, employees and the public at large, its Board has determined to change the location and format of the 2020 Annual Meeting such that the 2020 Annual Meeting will be conducted solely by remote communication (i.e., a virtual-only stockholder meeting). Stockholders will not be able to attend the 2020 Annual Meeting in person at a physical location. However, the virtual 2020 Annual Meeting will provide stockholders of record as of the close of business on August 24, 2020, the ability to participate, vote their shares and ask questions during the meeting via audio webcast.

A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following material is filed as an exhibit to this Current Report on Form 8-K:







  Exhibit
  Number  Description

  3.2       Amended and Restated Bylaws dated September 11, 2020
  99.1      Press Release issued September 15, 2020














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