Stardust Power 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
At the 2025 Annual Meeting of Stockholders of Stardust Power, Inc. (the “Company”) held on June 9, 2025, the Company’s stockholders voted upon the following four proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 28, 2025. The final vote results for each proposal were as follows:
Proposal 1: Election of Directors
The stockholders elected each of the individuals set forth below to the Board of Directors of the Company (the “Board”) to serve a one-year term expiring at the Company’s 2026 annual meeting of stockholders:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||||
| Roshan Pujari | 39,824,281 | 63,384 | 350,206 | 6,457,054 | ||||||||||||
| Anupam Agarwal | 39,816,406 | 68.859 | 352,606 | 6,457,054 | ||||||||||||
| Martyn Buttenshaw | 39,822,701 | 66,767 | 348,403 | 6,457,054 | ||||||||||||
| Charlotte Nangolo | 39,816,740 | 70,284 | 350,847 | 6,457,054 | ||||||||||||
| Mark Rankin | 39,839,073 | 47,842 | 350,956 | 6,457,054 | ||||||||||||
| Michael Earl Cornett Sr. | 39,839,451 | 47,646 | 350,956 | 6,457,054 | ||||||||||||
| Sudhindra Kankanwadi | 39,817,758 | 69,207 | 350,906 | 6,457,054 | ||||||||||||
Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm
The appointment of KNAV CPA LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified by the stockholders, with votes as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||||
| 46,123,756 | 206,127 | 365,042 | - | ||||||||||
Proposal 3: Reverse Stock Split
The stockholders approved an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the Company’s Common Stock, at a ratio in the range of 1 for 10 to 1 for 100, with the exact ratio to be determined in the discretion of the Board and with such reverse stock split to be effected at such time and date, if at all, as determined by the Board in its sole discretion, with votes as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||||
| 45,825,205 | 508,447 | 361,273 | - | ||||||||||
Proposal 4: Approval of Issuance of Common Stock upon Exercise of Certain Warrants in Accordance with the Nasdaq Listing Rule 5635(d)
The stockholders approved the issuance of up to an aggregate of 9,584,000 shares of the Company’s Common Stock issuable upon the exercise of certain warrants to purchase the Company’s Common Stock, in accordance with Nasdaq Listing Rule 5635(d), with votes as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||||
| 39,765,068 | 129,658 | 343,145 | 6,457,054 | ||||||||||
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.
| STARDUST POWER INC. | ||
| By: | /s/ Roshan Pujari | |
| Name: | Roshan Pujari | |
| Title: | Chief Executive Officer | |
| Dated: June 10, 2025 | ||