Socket Mobile 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
On May 15, 2024, Socket Mobile, Inc. (the “Company”) held its virtual 2024 Annual Meeting of Stockholders for the following purposes:
Item 1 To elect five directors to serve until their respective successors are elected.
Item 2 Advisory vote on executive compensation policies and practices as described in the annual meeting proxy.
Item 3 To approve an amendment to the 2004 Equity Incentive Plan to provide for a one-time stock option exchange program.
Item 4 To ratify the appointment of Sadler, Gibb & Associates LLC as independent registered public accountants of the Company for the fiscal year ending December 31, 2024.
Only stockholders of record at the close of business on March 22, 2024 were entitled to notice of and to vote at the meeting. At the Record Date, 7,547,327 shares of Common Stock were issued and outstanding, in addition to 1,126,207 shares of restricted stocks that had been granted but had not yet vested. Each share of Common Stock and restricted stock was entitled to one vote. The Company had no other class of voting securities issued or outstanding, thus no other class had the right to vote at the meeting. A total of 5,429,725 shares or 62.6% of total shares were voted establishing a quorum of stockholders entitled to vote at the meeting for the transaction of business.
RESULTS OF THE STOCKHOLDER VOTE:
Item 1 Election of Directors
| Name | Votes For | Votes Withheld | Outcome |
| 1. Charlie Bass | 3,586,828 | 176,409 | Elected |
| 2. Kevin J. Mills | 3,515,508 | 247,729 | Elected |
| 3. Bill Parnell | 3,650,022 | 113,215 | Elected |
| 4. Ivan Lazarev | 3,649,941 | 113,296 | Elected |
| 5. Lynn Zhao | 3,538,113 | 224,914 | Elected |
Item 2. Advisory vote on executive compensation policies as described in the annual meeting proxy
| Votes For | Votes Against | Votes Abstained | Outcome |
| 3,548,408 | 76,211 | 138,618 | Approved with an affirmative vote of 94.3% of votes cast |
Item 3. Amendment to the 2004 Equity Incentive Plan to provide for a one-time stock option exchange program
| Votes For | Votes Against | Votes Abstained | Outcome |
| 3,105,671 | 567,179 | 90,387 | Approved with an affirmative vote of 82.5% of votes cast |
Item 4. Ratification of Sadler, Gibb & Associates LLC as Independent Public Accountants for Fiscal Year 2023
| Votes For | Votes Against | Votes Abstained | Outcome |
| 4,775,580 | 453,668 | 200,477 | Approved with an affirmative vote of 88.0% of votes cast |
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.
| SOCKET MOBILE, INC. | |||
| By: | /s/ Lynn Zhao | ||
Name: Lynn Zhao Chief Financial Officer | |||
Date: May 15, 2024