The five referrals were a part of 90 referrals filed since the beginning of the school year.
It is the fewest number of documented sexual misconduct investigations that the university has carried out in a single year.
The policy and procedures now await approval from university President Darryll Pines.
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PSA launched a petition and set of demands in late August.
Community members have openly opposed the new regulations.
OCRSM released its annual report Wednesday, which shows the fewest investigations conducted since the office was founded in 2014.
The Nyumburu Cultural Center and Black Faculty and Staff Association led the event.
The guidelines are set to go into effect in August.
Cases will be adjudicated virtually due to the pandemic.