UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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(Address of principal executive offices) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
Securities registered pursuant to Section 12(b) of the Act:
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Warrants |
| BTBDW |
| Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On December 29, 2022, the Company held the Annual Meeting of shareholders for the 2022 fiscal year. As of November 23, 2022, the record date for the Annual Meeting, 6,461,118 shares of common stock were outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 5,779,695 shares of common stock were present in person or represented by proxy, constituting a quorum. The results of the voting are summarized below.
Proposal 1: Election of Directors
The following nominees were elected to serve for a term of one year or until their successor has been elected and qualified or until their earlier death, resignation or removal. The final voting results are as follows:
Nominee |
| For |
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| Against |
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| Abstain |
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| Broker Non-Vote |
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Gary Copperud* |
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| 3,509,233 |
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| 577 |
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| 5,322 |
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| 2,264,563 |
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Kenneth Brimmer |
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| 3,509,084 |
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| 726 |
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| 5,322 |
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| 2,264,563 |
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Allan Anderson1 |
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| 3,509,233 |
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| 577 |
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| 5,322 |
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| 2,264,563 |
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Terry Tochihara-Dirks1, 2 |
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| 3,509,233 |
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| 577 |
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| 5,322 |
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| 2,264,563 |
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Steven W. Schussler1, 2 |
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| 3,509,233 |
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| 577 |
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| 5,322 |
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| 2,264,563 |
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* | Chairperson of the Board of Directors. |
(1) | Current member of the Audit Committee with Mr. Anderson as Chairperson. |
(2) | Current member of the Compensation Committee with Ms. Tochihara-Dirks as Chairperson. |
Proposal 2: Ratification of the Selection of Independent Registered Public Accounting Firm
The appointment of Boulay PLLP as the Company’s independent registered public accounting firm for the fiscal year ending January 1, 2023 was ratified. The final voting results are as follows:
For |
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| Against |
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| Abstain |
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| Broker Non-Vote | |||||
| 5,772,374 |
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| 45 |
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| 7,276 |
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Proposal 3: Approval of Amendment to 2019 Incentive Plan.
The Company’s stockholders approved an amendment to the Company’s 2019 Incentive Plan to increase the number of shares reserved for issuance under the Plan from 250,000 shares of common stock to 1,000,000 shares of common stock. The final voting results are as follows:
For |
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| Against |
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| Abstain |
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| Broker Non-Vote |
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| 3,496,845 |
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| 11,287 |
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| 7,000 |
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| 2,264,563 |
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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 hereunto duly authorized.
| BT BRANDS, INC. |
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Dated: January 5, 2023 | By: /s/ Gary Copperud |
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| Gary Copperud |
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| Chief Executive Officer |
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