Dragonfly Energy Holdings Corp. 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 November 12, 2024, Dragonfly Energy Holdings Corp. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). The matters voted on at the Annual Meeting were: (i) the election of two Class B directors to hold office until the 2027 annual meeting of stockholders; (ii) the adoption of a proposal to authorize the Board of Directors of the Company (the “Board”), in its discretion at any time within one year after stockholder approval is obtained, to effect a reverse stock split of only the then-outstanding shares of common stock (with no change to the authorized capital stock of the Company), at a ratio of not less than one-for-five (1:5) and not greater than one-for-twenty (1:20), with the exact ratio to be determined by the Board and included in a public announcement (the “Reverse Stock Split Proposal”); (iii) the adjournment of the Annual Meeting in the event that the number of shares of the Company’s common stock present or represented by proxy at the Annual Meeting and voting “FOR” the approval of the Reverse Stock Split Proposal were insufficient to approve such proposal (the “Adjournment Proposal”); and (iv) the ratification of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.
The voting results for each item of business voted upon at the Annual Meeting were as follows:
| 1. | The votes cast with respect to the proposal to elect the following Class B directors, Brian Nelson and Jonathan Bellows, as directors of the Company to hold office until the 2027 annual meeting and until his or her successor has been duly elected and qualified, or, if sooner, until the director’s death, resignation or removal, were as follows: |
| FOR | WITHHELD | BROKER NON-VOTES | ||||
| Brian Nelson | 25,142,813 | 1,571,560 | 9,305,545 | |||
| Jonathan Bellows | 25,140,976 | 1,573,397 | 9,305,545 |
As a result, the stockholders elected each nominee to serve as a Class B director of the Company.
| 2. | The votes cast with respect to the Reverse Stock Split Proposal were as follows: |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 28,233,543 | 7,510,695 | 275,679 | 1 |
As a result, the stockholders approved the Reverse Stock Split Proposal.
3. |
The votes cast with respect to the Adjournment Proposal were as follows: |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 33,236,967 | 2,622,554 | 160,397 | 0 |
As a result, the stockholders approved the Adjournment Proposal. The Adjournment Proposal was deemed not necessary and not acted upon at the Special Meeting as a result of the approval of the Reverse Stock Split Proposal.
4. |
The votes cast with respect to the proposal to ratify Marcum LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024 were as follows: |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
| 34,102,414 | 1,068,988 | 848,516 | 0 |
As a result, the stockholders ratified the appointment of Marcum LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.
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.
| DRAGONFLY ENERGY HOLDINGS CORP. | |||
| Date: | November 12, 2024 | By: | /s/ Denis Phares |
| Name: | Denis Phares | ||
| Title: | Chief Executive Officer and Interim Chief Financial Officer | ||