UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer | ||
| of Incorporation) | File Number) | Identification No.) |
(Address of Principal Executive Office) (Zip Code)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 31, 2024, Nova LifeStyle, Inc., a Nevada corporation (the “Company”), held its 2024 Annual Meeting of Shareholders (the “Meeting”). A quorum was present at the meeting as required by the Amended and Restated Bylaws, as amended, of the Company. The final voting results of the matters submitted to a shareholder vote at the meeting are as follows:
Proposal 1: Election of Directors
The following five individuals were elected to the Board of Directors of the Company to serve as directors until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualified by votes as follows:
| Nominees | Votes Cast For | Votes Against | Abstain | Broker Non-Votes | ||||||||||||
| Min Su | 780,588 | 11,069 | 191 | 329,109 | ||||||||||||
| Thanh H. Lam | 790,190 | 1,533 | 125 | 329,109 | ||||||||||||
| Ming-Cherng Sky Tsai | 789,882 | 1,775 | 191 | 329,109 | ||||||||||||
| Huy (Charlie) La | 784,653 | 7,000 | 195 | 329,109 | ||||||||||||
| Umesh Patel | 788,970 | 2,683 | 195 | 329,109 | ||||||||||||
Proposal 2: Approval and Ratification of the Appointment of WWC, P.C. as the Company’s Independent Registered Public Accounting Firm
The shareholders approved and ratified the appointment of WWC, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 1,104,440 | 11,522 | 4,995 | N/A |
Proposal 3: Approval and adoption of the Nova LifeStyle, Inc. 2024 Omnibus Equity Plan
The shareholders adopted and approved the Nova LifeStyle, Inc. 2024 Omnibus Equity Plan as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 771,225 | 20,311 | 312 | 329,109 |
Proposal 4: Advisory Vote on the Compensation of Named Executive Officers
The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 787,531 | 3,880 | 437 | 329,109 |
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.
| Nova LifeStyle, Inc. | ||
| By: | /s/ Thanh H. Lam | |
| Thanh H. Lam | ||
| Chairperson, President and Chief Executive Officer | ||
| Date: June 3, 2024 | ||