CEA Industries Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders (Amendment)
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Item 5.07 — Submission of Matters to a Vote of Security Holders
The 2023 Annual Meeting of Stockholders (the “Annual Meeting”) of CEA Industries Inc. (the “Company”) was held on December 18, 2023. At the Annual Meeting, the Company’s stockholders voted on the following four proposals:
| ● | Proposal 1: Election of five incumbent directors to serve until the next annual meeting of the Company’s stockholders or until their respective successors have been duly elected and qualified; | |
| ● | Proposal 2: Ratification of Sadler, Gibb & Associates as the reviewing independent accountants for the Company for fiscal year 2023; | |
| ● | Proposal 3: Authorization of the Board, at its discretion, at any time until June 30, 2024, to effect a reverse stock split of the common stock with a ratio not less than two-for-one but not greater than twenty -for-one; and | |
| ● | Proposal 4: Approval of any adjournment of the Annual Meeting, if necessary or appropriate, to permit solicitation of additional proxies to hold the meeting and approve the foregoing proposals |
The Company disclosed via SEC Form 8K, on December 18, 2023, that Proposal 3 was not approved in the Annual Meeting. However, after discussion with Nevada legal counsel to the Company, it has been determined that Proposal 3 was in fact approved in the Annual Meeting under the State of Nevada law pursuant to a generally unpublished statutory revision that was adopted in May 2023.
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.
| Date: April 11, 2024 | CEA INDUSTRIES, INC. | |
| By | /s/ Anthony K. McDonald | |
| Anthony K. McDonald | ||
| President and Chief Executive Officer | ||