8-KThe WireRoutine
Shareholder Vote
Filed Jan 4, 2024 · 2y ago · Accession 0000897101-24-000006
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗Securities and Exchange Commission (the “SEC”) on December 20, 2023 . The proposals presented at the First Reconvened Annual Meeting are described in detail in the Company's definitive proxy statement for its 2023 Annual Meeting of Shareholders filed with the SEC on November 3, 2023 (the “Proxy Statement”).
Of the 10,201,757 shares of common stock, par value $0.05 per share (the “Common Stock”), outstanding and entitled to vote at the First Reconvened Annual Meeting, 7,727,212, or 75.74%, of the outstanding shares, were present either in person or by proxy.
The results for each of the proposals submitted to a vote of shareholders at the First Reconvened Annual Meeting are as follows:
Proposal 3: Authorized Share Amendment Proposal
The Company's shareholders approved an amendment of the Company's Amended and Restated Articles of Incorporation to increase the number of authorized shares of Common Stock from 75,000,000 to 112,500,000 by voting as follows:
For
Against
Abstain
Broker Non-Votes
5,273,346
952,819
15,492
1,485,555
Proposal 5: Reverse Stock Split Proposal
The Company's shareholders did not approve a reverse stock split of the outstanding shares of the Company's Common Stock, at a ratio within a range of 1-for-2 to 1-for-15, as determined by the Board, by voting as follows:
For
Against
Abstain
6,618,769
1,068,446
39,997
Pursuant to the approval of Proposal 7 at the Original Annual Meeting, and due to Proposal 5 not receiving sufficient votes for approval at the First Reconvened Annual Meeting, the Company further adjourned the Annual Meeting to January 3, 2024 with respect to Proposal 5. During the period of adjournment, the Company continued to solicit votes from its shareholders with respect to Proposal 5.
Second
Reconvened Annual Meeting
On January 3, 2024, the Company held its second reconvened 2023 Annual Meeting of Shareholders (the “Second Reconvened Annual Meeting”). At the Second Reconvened Annual Meeting, the Company's shareholders voted on Proposal 5 as described below. The proposal presented at the Second Reconvened Annual Meeting is described in detail in the Proxy Statement.
Of the 10,201,757 shares of Common Stock outstanding and entitled to vote at the Second Reconvened Annual Meeting, 8,039,777, or 78.80%, of the outstanding shares, were present either in person or by proxy.
The results for the proposal submitted to a vote of shareholders at the Second Reconvened Annual Meeting are as follows:
Proposal
5: Reverse Stock Split Proposal
The Company's shareholders approved a reverse stock split of the outstanding shares of the Company's Common Stock, at a ratio within a range of 1-for-2 to 1-for-15, as determined by the Board, by voting as follows:
For
Against
Abstain
6,927,250
1,072,540
39,987
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, thereunto duly authorized.
PINEAPPLE ENERGY INC
By:
/s/
Kyle J. Udseth
Kyle J. Udseth, Chief Executive Officer
Date: January 4, 2024
Filing details
- Company
- SUNation Energy, Inc.
- Ticker
- SUNE
- CIK
- 22701
- Form type
- 8-K
- Filing date
- Jan 4, 2024
- Report date
- Dec 29, 2023
- Document
- pegy240034_8k.htm
- Size
- 214 KB