Asset Entities Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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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Indicate by check mark whether the Company is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On October 1, 2024, Asset Entities Inc., a Nevada corporation (the “Company”), held the Company’s 2024 annual meeting of stockholders (the “Annual Meeting”). As of August 2, 2024, the record date for the Annual Meeting, there were (i) 3,220,186 shares of the Company’s common stock outstanding, consisting of (a) 1,506,406 shares of Class A Common Stock, $0.0001 par value per share (“Class A Common Stock”), representing 15,064,060 votes entitled to vote on the proposals presented at the Annual Meeting, and (b) 1,713,780 shares of Class B Common Stock, $0.0001 par value per share (“Class B Common Stock”), representing 1,713,780 votes entitled to vote on the proposals presented at the Annual Meeting, and (ii) 320 shares of Series A Convertible Preferred Stock outstanding, representing, after application of the applicable beneficial ownership limitation, 2,463 votes entitled to vote on the proposals presented at the Annual Meeting, of which 15,487,487 votes, or approximately 92.29%, were present in person or represented by proxy, which constituted a quorum. The proposals are described in greater detail in the Company’s Definitive Proxy Statement on Schedule 14A , as filed with the SEC on August 22, 2024 (the “Proxy Statement”), the relevant portions of which are incorporated by reference herein. Set forth below are the final voting results for each of the proposals submitted to a vote of the Company’s stockholders at the Annual Meeting.
(i) A proposal to elect the seven (7) nominees named in the Proxy Statement to the Company’s board of directors to hold office until the Company’s annual meeting of stockholders to be held in 2025. The proposal was approved as set forth below:
| Nominee | For | Withheld | Broker Non-Votes | |||
| Michael Gaubert | 15,453,552 | 4,145 | 29,790 | |||
| Arshia Sarkhani | 15,456,856 | 841 | 29,790 | |||
| Kyle Fairbanks | 15,453,550 | 4,147 | 29,790 | |||
| Richard A. Burton | 15,457,472 | 225 | 29,790 | |||
| John A. Jack II | 15,457,472 | 225 | 29,790 | |||
| Scott K. McDonald | 15,446,161 | 11,536 | 29,790 | |||
| David Reynolds | 15,457,480 | 217 | 29,790 |
(ii) A proposal to ratify the appointment of WWC, P.C. as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2024. The proposal was approved as set forth below:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 15,486,833 | 150 | 504 | 0 | |||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 2, 2024 | ASSET ENTITIES INC. |
| /s/ Arshia Sarkhani | |
| Name: Arshia Sarkhani | |
| Title: Chief Executive Officer and President |