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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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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
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