UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter) |
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(State or Other Jurisdiction of Incorporation) |
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| (IRS Employer Identification No.) |
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(Address of Principal Executive Offices) | ||
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Registrant's Telephone Number, Including Area Code: ( | ||
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:
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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:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
The |
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 April 18, 2023, Rekor Systems, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). An aggregate of 42,983,425 shares held by holders of the Company’s voting stock, constituting a quorum, were represented in, person or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting, as set forth in the Definitive Proxy Statement, filed with the Securities and Exchange Commission on March 25, 2024, are as follows:
Proposal 1: At the Annual Meeting, all of the nine (9) nominees for director were elected to serve until the next annual meeting of stockholders and until their successors are named and qualified, or until their earlier resignation or removal. The result of the votes to elect the nine directors was as follows:
Directors |
| For |
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| Withheld |
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| Broker Non-Votes |
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Robert Berman |
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| 19,245,434 |
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| 1,264,721 |
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| 22,473,270 |
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Paul A. de Bary |
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| 19,400,393 |
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| 1,109,762 |
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| 22,473,270 |
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Glenn Goord |
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| 19,361,570 |
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| 1,148,585 |
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| 22,473,270 |
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David Hanlon |
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| 18,408,328 |
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| 2,101,827 |
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| 22,473,270 |
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Steven D. Croxton |
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| 19,854,158 |
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| 655,997 |
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| 22,473,270 |
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Sanjay Sarma |
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| 19,883,800 |
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| 626,355 |
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| 22,473,270 |
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Tim Davenport |
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| 19,854,932 |
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| 655,223 |
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| 22,473,270 |
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Andrew Meyers |
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| 19,874,820 |
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| 635,335 |
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| 22,473,270 |
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Anne Townsend |
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| 19,884,371 |
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| 625,784 |
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| 22,473,270 |
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Proposal 2: At the Annual Meeting, the stockholders ratified the appointment of Marcum LLP as our independent public accountant for the fiscal year ending December 31, 2024. The result of the votes to approve Marcum LLP was as follows:
For |
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| Against |
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| Abstain |
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| Broker Non-Vote |
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| 41,313,629 |
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| 836,271 |
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| 833,525 |
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| n/a |
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Proposal 3: At the Annual Meeting, the stockholders adopted an amendment to our Amended and Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock from 100,000,000 to 300,000,000 (the “Charter Amendment”). The result of the votes to adopt the Charter Amendment was as follows:
For |
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| Against |
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| Abstain |
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| Broker Non-Vote |
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| 16,390,062 |
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| 4,034,546 |
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| 85,547 |
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| 22,473,270 |
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Proposal 4: At the Annual Meeting, the stockholders adopted an amendment and restatement to our 2017 Equity Award Plan to increase the number of authorized shares of common stock reserved for issuance to 10,000,000 shares (the “Equity Award Plan Amendment”). The result of the votes to adopt the Equity Award Plan Amendment was as follows:
For |
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| Against |
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| Abstain |
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| Broker Non-Vote |
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| 19,111,810 |
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| 1,333,092 |
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| 65,253 |
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| 22,473,270 |
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Proposal 5: At the Annual Meeting, the compensation of the Company’s named executive officers was approved by the stockholders, on an advisory basis, by the votes set forth in the table below:
For |
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| Against |
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| Abstain |
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| Broker Non-Vote |
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| 19,149,034 |
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| 863,924 |
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| 497,197 |
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| 22,473,270 |
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SIGNATURE
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.
| REKOR SYSTEMS, INC. |
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Date: April 19, 2024 | /s/ Robert A. Berman |
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| Name: Robert A. Berman Title: Chief Executive Officer |
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