false 0001575793 0001575793 2025-06-11 2025-06-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 11, 2025

 

 

 

ENERGOUS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-36379   46-1318953

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

3590 North First Street, Suite 330

San Jose, California 95134

(Address, including zip code, of principal executive offices)

 

Registrant’s telephone number, including area code: (408) 963-0200

 

 

 

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 (see General Instruction A.2. below):

 

¨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 registered

 

Trading symbol(s)

 

Name of each exchange on which
registered

Common Stock, par value $0.00001 per share   WATT   The Nasdaq Stock Market LLC

 

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 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 11, 2025, Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) as a virtual meeting online via live audio webcast, at which the Company’s stockholders approved an amendment and restatement of the Energous Corporation Amended and Restated 2024 Equity Incentive Plan (as amended and restated, the “2024 Plan”). The 2024 Plan was amended to increase the number of authorized shares under the 2024 Plan by 2,000,000 shares. The 2024 Plan became effective immediately upon stockholder approval at the Annual Meeting.

 

A summary of the material terms of the 2024 Plan is set forth in the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 29, 2025 (the “Proxy Statement”). The summaries of the 2024 Plan set forth above and in the Proxy Statement are qualified in their entirety by reference to the full text of the 2024 Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated herein by reference.

 

Item 5.07.Submission of Matters to a Vote of Security Holders.

 

The Annual Meeting was held on June 11, 2015, as a virtual meeting online via live audio webcast. At the Annual Meeting, there were 15,445,950 votes represented either in person or by proxy, or 47.4% of the votes entitled to be cast at the Annual Meeting, which represented a quorum. The Company’s stockholders voted on, and approved, the following proposals at the Annual Meeting:

 

Proposal 1.  Election of four directors to the Board of Directors to serve until the 2026 Annual Meeting of Stockholders and until their respective successors are elected and qualified.

 

Nominee   Votes For   Votes Withheld   Broker Non-Votes  
David Roberson   4,348,036   651,189   10,446,725  
Mallorie Burak   4,489,158   510,067   10,446,725  
J. Michael Dodson   4,345,907   653,318   10,446,725  
Rahul Patel   4,469,078   530,147   10,446,725  

 

Proposal 2.  Ratification of the appointment of BPM LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025.

 

Votes For   Votes Against   Abstentions   Broker Non-Votes  
14,944,269   423,369   78,312    

 

Proposal 3.  Approval, on a non-binding advisory basis, the compensation of the Company’s named executive officers.

 

Votes For   Votes Against   Abstentions   Broker Non-Votes  
3,562,705   1,345,997   90,523   10,446,725  

 

Proposal 4.  Approval, on a non-binding advisory basis, the frequency of future advisory votes to approve the compensation of the Company’s named executive officers.

 

One Year   Two Years  

Three Years

  Abstentions   Broker Non-Votes  
1,711,253   2,984,398   89,124   214,450   10,446,725  

 

 

 

 

Proposal 5.  Approval of the Energous Corporation Amended and Restated 2024 Equity Incentive Plan to increase the available share reserve by 2,000,000 shares.

 

Votes For   Votes Against   Abstentions   Broker Non-Votes  
3,520,631   1,440,926   37,668   10,446,725  

 

Proposal 6.  Approval of an amendment to the Company’s second amended and restated certificate of incorporation, as amended, to effect a reverse stock split of its common stock at a ratio ranging from any whole number between 1-for-5 and 1-for-50, as determined by the Board of Directors in its discretion.

 

Votes For   Votes Against   Abstentions   Broker Non-Votes  
8,937,659   6,297,288   211,003    

 

Proposal 7.  Approval of an adjournment of the Annual Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Annual Meeting to approve Proposals 5 or 6.

 

Votes For   Votes Against   Abstentions   Broker Non-Votes  
11,647,173   3,428,766   370,011    

 

As indicated in Proposal 4 above, approximately 62.4% of the votes cast by stockholders were voted, on an advisory basis, in favor of holding an advisory vote to approve the compensation of the Company’s named executive officers every two years. In light of these results, the Board of Directors determined that the Company will hold an advisory vote to approve the compensation of the Company’s named executive officers every two years until the next required vote on the frequency of future advisory votes to approve the compensation of the Company’s named executive officers, or until the Board of Directors otherwise determines that a different frequency for such advisory votes is in the best interests of the Company.

 

Item 9.01.Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
No.
  Description
10.1  Energous Corporation Amended and Restated 2024 Equity Incentive Plan
104  Cover Page Interactive Data File (embedded as Inline XBRL document)

 

 

 

 

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.

 

  ENERGOUS CORPORATION
     
Date: June 13, 2025 By: /s/ Mallorie Burak
  Name: Mallorie Burak
  Title: Chief Executive Officer and Chief Financial Officer

 

 

 


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EXHIBIT 10.1

XBRL TAXONOMY EXTENSION SCHEMA

XBRL TAXONOMY EXTENSION LABEL LINKBASE

XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE

IDEA: R1.htm

IDEA: FilingSummary.xml

IDEA: MetaLinks.json

IDEA: tm2517950d1_8k_htm.xml