Atlas Lithium Corporation 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.
The 2024 Annual Meeting of the Stockholders (the “Annual Meeting”) of Atlas Lithium Corporation (the “Company”) was held on May 28, 2024. The results of the matters submitted to a vote of the stockholders at the meeting are set forth below.
| 1. | The nominees for election to the Company’s Board of Directors were elected to hold office until the Company’s next annual meeting of stockholders. |
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | |||||
| Ambassador Roger Noriega | 18,800,320 | 45,660 | 10,308 | 1,459,531 | ||||
| Marc Fogassa | 18,798,723 | 53,391 | 4,174 | 1,459,531 | ||||
| Cassiopeia Olson, Esq. | 18,800,762 | 45,707 | 9,819 | 1,459,531 | ||||
| Stephen Petersen, CFA | 18,626,316 | 219,986 | 9,986 | 1,459,531 | ||||
| Brian Talbot | 18,805,677 | 45,643 | 4,968 | 1,459,531 |
| 2. | The proposal to ratify the appointment of the Company’s independent registered accounting firm for the 2024 fiscal year was withdrawn by management and not presented at the Annual Meeting. |
| 3. | The proposal to approve equity grants to the Company’s independent directors was approved. |
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | |||
| 18,308,628 | 525,767 | 21,893 | 1,459,531 |
| 4. | The proposal to approve, on an advisory basis, executive compensation was approved. |
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | |||
| 18,321,577 | 520,029 | 14,682 | 1,459,531 |
| 5. | The frequency of future advisory votes on executive compensation receiving the highest number of votes was two years. |
| One Year | Two Years | Three Years | Votes Abstained | |||
| 871,736 | 17,771,094 | 142,137 | 71,321 |
Based on the results of the vote, and consistent with the Board of Director’s recommendation, the Company has determined that advisory votes on executive compensation will be submitted to stockholders every two years until the next required vote on the frequency of such votes, or until the Board of Directors otherwise determines a different frequency is in the best interests of the Company’s stockholders.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ATLAS LITHIUM CORPORATION | ||
| Dated: May 30, 2024 | By: | /s/ Marc Fogassa |
| Name: | Marc Fogassa | |
| Title: | Chief Executive Officer | |