Volcon Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): November 6, 2024 (
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| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On November 1, 2024, Volcon, Inc. (the “Company”) held its special meeting of stockholders at 10:00 a.m. Central Time (the “Special Meeting”) in a virtual only format. Set forth below are the two proposals that were voted on at the Special Meeting and the stockholder votes on each such proposal, as certified by the Special Meeting inspector of election. The proposals are described in greater detail in the Definitive Proxy Statement of the Company (the “Proxy Statement”) filed with the Securities and Exchange Commission (the “SEC”) on October 11, 2024, the relevant portions of which are incorporated herein by reference.
On September 27, 2024, the record date for the Special Meeting (the “Record Date”), there were 5,261,782 shares of Company common stock issued, outstanding and entitled to vote. Stockholders holding 2,643,691 shares of Company common stock, representing approximately 50.2% of the shares of common stock outstanding on Record Date, were present at the Special Meeting, in person or represented by proxy.
Each of the proposals summarized below was approved by the Company’s stockholders.
Proposal 1: To approve an amendment to the Company's Second Amended and Restated Certificate of Incorporation to grant our Board of Directors authority to effect a reverse stock split of the outstanding shares of the Company’s common stock, at a reverse stock split ratio of between 1-for-2 to 1-for-30 (or any whole number in between) as determined by the Board in its sole discretion, prior to the one-year anniversary of this Special Meeting, was approved, having received the following votes:
| For | Against | Abstain | Broker Non-Vote |
| 1,788,125 | 847,973 | 7,593 | 0 |
Proposal 2: To approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of one or more of the foregoing proposals.
| For | Against | Abstain | Broker Non-Vote |
| 1,644,227 | 744,669 | 29,859 | 224,936 |
Other than the two proposals summarized above, no other item of business was submitted at the Special Meeting for stockholder action.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Volcon, Inc. | |
| (Registrant) | |
| Date: November 6, 2024 | /s/ Greg Endo |
| Greg Endo Chief Financial Officer |
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