Jerash Holdings (US) Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits
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Item 5.07 Submission of Matters to a Vote of Security Holders.
At the annual meeting of stockholders of Jerash Holdings (US), Inc. (the “Company”) held on September 27, 2024, the Company’s stockholders voted on the matters described below.
| 1. | The Company’s stockholders elected five directors, each to serve until the 2025 annual meeting of stockholders and until their respective successors have been elected and qualified or until their earlier resignation or removal. The number of shares that (a) voted for the election of each director and (b) withheld authority to vote for each director is summarized in the table below: |
| Director Nominee | Votes For | Votes Withheld | ||
| Choi Lin Hung | 8,229,299 | 59,300 | ||
| Wei (“Kitty”) Yang | 6,965,573 | 1,323,026 | ||
| Ibrahim H. Saif | 7,639,304 | 649,295 | ||
| Bill Korn | 7,639,297 | 649,302 | ||
| Mak Chi Yan | 7,613,472 | 675,127 |
There were no broker non-votes with respect to the election of each director. Broker non-votes represent shares held by broker nominees for beneficial owners that were not voted because the broker nominee did not receive voting instructions from the beneficial owner and lacked discretionary authority to vote the shares on a non-routine proposal.
| 2. | The Company’s stockholders approved the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation tables and narrative discussion. The number of shares that voted for, against, and abstained from voting for this proposal is summarized in the table below: |
| Votes For | Votes Withhold | Abstentions | ||
| 7,107,674 | 98,567 | 104,256 |
There were no broker non-votes on the proposal to ratify the approval of the compensation paid to the Company’s named executive officers.
| 3. | The advisory vote on the frequency of the stockholder approval of the compensation of the Company’s named executive officers received the following votes: |
| 1 Year | 2 Years | 3 Years | Abstentions | |||
| 7,252,556 | 900 | 42,309 | 14,732 |
There were no broker non-votes on the proposal to indicate, on an advisory basis, the preferred frequency of stockholder approval of the compensation of the Company’s named executive officers. Based on the votes set forth above, the Company’s stockholders approved, on an advisory basis, one year as the preferred frequency of the stockholders’ approval of the compensation of the Company’s named executive officers.
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In light of the voting results concerning the preferred frequency of the stockholders’ approval of the compensation of the Company’s named executive officers, the Company will include a stockholder vote on the compensation of its named executive officers in its proxy materials annually until the next required advisory vote on the frequency of stockholder advisory votes on the compensation of the Company’s named executive officers.
Item 8.01 Other Events.
On September 30, 2024, the Company issued a press release to announce the results of its annual meeting of stockholders held on September 27, 2024. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Exhibit | |
| 99.1 | Press Release dated September 30, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| JERASH HOLDINGS (US), INC. | ||
| September 30, 2024 | By: | /s/ Choi Lin Hung |
| Choi Lin Hung | ||
| Chairman of the Board of Directors, | ||
| Chief Executive Officer, President, and Treasurer | ||
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