CynergisTek Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
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Common Stock, $0.001 par value | CTEK | NYSE American |
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On August 31, 2022, CynergisTek, Inc., a Delaware corporation (“CynergisTek”) held a special meeting of stockholders virtually via an audio webcast (the “Special Meeting”). As of July 15, 2022, the record date for the Special Meeting, there were 13,256,570 shares of CynergisTek common stock, par value $0.001 per share (“Common Stock”), outstanding and entitled to vote at the Special Meeting. At the Special Meeting, 8,406,381 shares of Common Stock were virtually present or represented by proxy and, therefore, a quorum was present.
CynergisTek’s stockholders voted on the following items at the Special Meeting:
1. To consider and vote on the proposal to (a) approve and adopt the Agreement and Plan of Merger, dated as of May 23, 2022 (as amended from time to time, the “Merger Agreement”), by and among CynergisTek, Clearwater Compliance LLC, a Tennessee limited liability company (“Parent”), and Clearwater Compliance Acquisition Company I, a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and (b) pursuant to the terms of the Merger Agreement, approve the merger of Merger Sub with and into CynergisTek, as a result of which the separate corporate existence of Merger Sub will cease, with CynergisTek continuing as the surviving corporation (the “Merger”) and a wholly owned subsidiary of Parent (the “Merger Proposal”);
2. To consider and vote on the proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to CynergisTek’s named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated by the Merger Agreement (the “Compensation Proposal”); and
3. To consider and vote on any proposal to adjourn the Special Meeting from time to time, if necessary or appropriate as determined in the discretion of the Board of Directors of CynergisTek to solicit additional proxies if there are insufficient votes to approve and adopt the Merger Agreement and approve the Merger at the time of the Special Meeting (the “Adjournment Proposal”).
The Merger Proposal received the following votes:
For |
| Against |
| Abstain |
8,282,851 |
| 122,985 |
| 545 |
Based on the votes set forth above, the stockholders approved the Merger Proposal.
The Compensation Proposal received the following votes:
For |
| Against |
| Abstain |
7,364,910 |
| 942,559 |
| 98,912 |
Based on the votes set forth above, the stockholders approved the Compensation Proposal.
The Adjournment Proposal was rendered moot in light of the approval of the Merger Proposal.
Item 8.01Other Events.
On August 31, 2022, CynergisTek issued a press release announcing the results of the Special Meeting. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits
(d) Exhibits
Exhibit Number |
| Description |
99.1 |
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SIGNATURE
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.
CYNERGISTEK, INC. |
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Date: | August 31, 2022 |
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By: | /s/ Paul T. Anthony |
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Name: | Paul T. Anthony |
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Title: | Chief Financial Officer |
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