Snail Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 24, 2024, Snail, Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”). The following are the results of the voting on the two (2) proposals (the “Proposals”) submitted to stockholders at the 2024 Annual Meeting. These Proposals are described in more detail in the Company’s definitive proxy statement on Schedule 14A for the 2024 Annual Meeting, which was filed on April 30, 2024 with the Securities and Exchange Commission.
As of April 26, 2024, the record date for the 2024 Annual Meeting, there were 8,007,474 shares of the Company’s Class A common stock and 28,748,580 shares of the Company’s Class B common stock outstanding and entitled to vote. Of the Company’s common stock, the Class A common stock was entitled to one (1) vote per share and the Class B common stock was entitled to ten (10) votes per share at the 2024 Annual Meeting, constituting all of the outstanding voting securities of the Company as of the record date. At the 2024 Annual Meeting, the holders of 34,403,049 shares (93.59%) of the Company’s outstanding common stock were represented in person or by proxy, constituting a quorum.
Proposal 1–The stockholders elected the following eight (8) directors to the Company’s Board of Directors, each for a term of one year expiring at the 2025 Annual Meeting of Stockholders and until such director’s successor has been duly elected and qualified, based on the following votes:
| Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||||||||
| Hai Shi | 287,559,301 | 30,152 | 5,550,816 | |||||||||
| Jim Tsai | 287,564,458 | 24,995 | 5,550,816 | |||||||||
| Heidy Chow | 287,551,632 | 37,821 | 5,550,816 | |||||||||
| Peter Kang | 287,562,173 | 27,280 | 5,550,816 | |||||||||
| Ying Zhou | 287,562,079 | 27,374 | 5,550,816 | |||||||||
| Neil Foster | 287,580,779 | 8,674 | 5,550,816 | |||||||||
| Sandra Pundmann | 287,564,928 | 24,525 | 5,550,816 | |||||||||
| Ryan Jamieson | 287,581,062 | 8,391 | 5,550,816 | |||||||||
Proposal 2–The stockholders ratified the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 by the following vote:
| Votes For | Votes Against | Abstentions | ||||||||
| 293,102,891 | 25,237 | 12,141 | ||||||||
No other items were presented for stockholder approval at the Annual Meeting.
Item 9.01 Financial Statements and Exhibits.
(d) 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, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SNAIL, INC. | ||
| Date: June 25, 2024 | By: | /s/ Xuedong Tian |
| Name: | Xuedong Tian | |
| Title: | Co-Chief Executive Officer | |