Alset Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 Submission of Matters to a Vote of Security Holders
On December 5, 2024, Alset Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”). As of October 8, 2024, the date of record for determining the stockholders entitled to vote on the proposals presented at the Annual Meeting, there were 9,235,119 shares of Company common stock, par value $0.001, issued and outstanding and entitled to vote at the Annual Meeting. A total of 7,385,549 shares of common stock, constituting a quorum, were represented virtually or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of the Company’s stockholders at the Annual Meeting are as follows:
Proposal 1. At the Annual Meeting, the terms of seven (7) members of the Board expired. All of the seven (7) nominees for director were elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified, or until such director’s prior death, resignation, retirement, disqualification or removal. The result of the votes to elect the seven (7) directors was as follows:
| Directors | For | Withheld | Broker Non-Votes | |||||||||
| Chan Heng Fai | 6,414,931 | 10,211 | 960,407 | |||||||||
| Wong Tat Keung | 6,257,992 | 167,150 | 960,407 | |||||||||
| William Wu | 6,257,982 | 167,160 | 960,407 | |||||||||
| Wong Shui Yeung | 6,257,982 | 167,160 | 960,407 | |||||||||
| Lim Sheng Hon Danny | 6,407,166 | 17,976 | 960,407 | |||||||||
| Joanne Wong Hiu Pan | 6,414,938 | 10,204 | 960,407 | |||||||||
| Chan Tung Moe | 6,414,910 | 10,232 | 960,407 | |||||||||
Proposal 2. At the Annual Meeting, the stockholders ratified the appointment of Grassi & Co., CPAs, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024. The result of the votes to ratify the appointment of Grassi & Co., CPAs, P.C. was as follows:
| For | Against | Abstain | |||||
| 7,376,430 | 4,628 | 4,491 |
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.
| ALSET INC. | ||
| Dated: December 5, 2024 | By: | /s/ Rongguo Wei |
| Name: | Rongguo Wei | |
| Title: | Co-Chief Financial Officer | |