Lottery.com Inc. 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.
Lottery.com Inc. conducted its 2024 Annual Meeting from the Mar-a-Lago Club on February 20, 2025.
On February 20, 2025, Lottery.com Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting that was conducted from the Mar-a-Lago Club in Palm Beach, Florida, holders of the common stock as of the record date of December 31, 2024 (the “Record Date”) were entitled to receive notice and vote at the meeting, which was held at https://www.cstproxy.com/lottery/2025 at 10:00 a.m. Central Time. The Inspector of Election certified that as of the Record Date, there were 12,080,919 shares of Common Stock entitled to vote. The total number of shares voted in person or by proxy were 5,864,197 – 48.54%, which were cast as follows:
Proposal No. 1 – To elect one nominee for Class Il director named in the accompanying proxy statement to serve until the 2027 annual meeting of stockholders and until their successor is duly elected and qualified;
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 5,863,929 | 268 | 0 | — | |||||||||||
Proposal No. 2 – To approve an amendment to the Company’s second amended and restated certificate of incorporation to effect a reverse stock split of our common stock, par value $0.001 per share (the “Common Stock”) at a ratio in the range of one-for-2 to one-for-30 of our Common Stock, with the exact ratio to be determined in the discretion of our board of directors and with such reverse stock split to be effected at such time and date, if at all, as determined by our board of directors in its sole discretion (the “Reverse Stock Split Proposal”);
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 5,863,929 | 268 | 0 | — | |||||||||||
Proposal No. 3 – To ratify the appointment by the audit committee of our board of directors of Boladale Lawal &Co. as our independent registered public accounting firm for the year ending December 31, 2024; and
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 5,863,929 | 268 | 0 | — | |||||||||||
Proposal No. 4 – To Approve, on an advisory basis, a proposal to adjourn the Annual Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes at the time of the Annual Meeting to approve the Reverse Stock Split Proposal.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 5,863,929 | 268 | 0 | — | |||||||||||
Following the Annual Meeting, after the markets closed on February 20, 2025, the Company’s Board of Directors determined that a reverse split of our common stock was not necessary at this time and voted not to effectuate a reverse stock split.
Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| Lottery.com Inc. | ||
| By: | /s/ Matthew McGahan | |
| Name: | Matthew McGahan | |
| Title: | President & Chief Executive Officer | |
Date: February 24, 2025