ProPhase Labs Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On July 18, 2025, ProPhase Labs, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). As of the record date of June 20, 2025, the Company had 41,541,205 shares of common stock, par value $0.0005 per share (the “Common Stock”), outstanding and entitled to vote at the Annual Meeting. The holders of 21,635,104 shares of Common Stock were represented in person or by proxy at the Annual Meeting, constituting a quorum. At the Annual Meeting, the Company’s stockholders voted on the following four proposals and cast their votes as described below.
Proposal 1. Election of Directors
Each of the nominees for election to the board of directors was elected to hold office for a one-year term and until their respective successors are elected and qualified by the following votes:
| Name | For | Withheld | Broker Non- Votes | |||
| Ted Karkus | 7,168,837 | 708,688 | 13,757,579 | |||
| Louis Gleckel, MD | 7,164,244 | 713,281 | 13,757,579 | |||
| Warren Hirsch | 7,164,311 | 713,214 | 13,757,579 | |||
| Carolina Abenante, ESQ. | 7,227,585 | 649,940 | 13,757,579 |
Proposal 2. Ratification of the Appointment of Independent Auditors
The ratification of the appointment by the Company’s board of directors of Fruci & Associates II, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 was approved by the following vote:
For |
Against |
Abstain |
Broker Non- Votes | |||
| 19,864,127 | 305,613 | 1,465,364 | N/A |
Proposal 3. Advisory Vote to Approve the Executive Compensation (“Say on Pay Vote”)
The compensation of the Named Executive Officers was approved by the following vote:
| For | Against | Abstain | Broker Non-Votes | |||
| 6,718,684 | 1,052,257 | 106,584 | 13,757,579 |
Proposal 4. Advisory Vote on the Frequency of Future Advisory Votes to Approve Executive Compensation (“Say on Frequency Vote”)
A majority of the stockholders of the Company selected 3 years as the appropriate frequency for holding future Say on Pay Votes.
| 1 Year | 2 Years | 3 Years | Abstain | Broker Non-Votes | ||||
| 2,172,062 | 120,017 | 5,451,694 | 133,752 | 13,757,579 |
Based on these results, and consistent with the board of directors’ recommendation, the board of directors has determined that the Company will continue to hold an advisory vote on executive compensation every three years, with the next vote occurring at the annual meeting of stockholders in 2028.
Item 8.01. Other Events
Following her election to the board of directors at the Annual Meeting, Ms. Abenante was appointed as a member of the Audit Committee of the board of directors. As a result of her appointment to the Audit Committee, the Company’s Audit Committee is now comprised of three independent directors, as defined in the Nasdaq Listing Rules, and the Company. The Company has notified Nasdaq that it has regained compliance with Rule 5605(c)(2)(A) of the Nasdaq Listing Rules.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ProPhase Labs, Inc. | ||
| By: | /s/ Ted Karkus | |
| Ted Karkus | ||
| Chairman of the Board and Chief Executive Officer | ||
Date: July 25, 2025