Zovio Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$ZVO
Other Consumer Services
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2022
(Exact name of registrant as specified in its charter)
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Emerging Growth Company ☐
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On October 25, 2022, the Company held its Special Meeting of Stockholders (the “Special Meeting”). Of the 34,221,081 shares of our common stock, par value $0.01 per share (“Common Stock”) outstanding as of September 22, 2022, holders of 18,168,780 shares of Common Stock were represented, either by attending the Special Meeting or by proxy, constituting (i) a quorum under the Company’s bylaws and (ii) approximately 53% of the outstanding shares of Common Stock entitled to vote. The matters voted on at the Special Meeting and the votes cast with respect to each such matter are set forth below.
Dissolution Proposal. To approve the voluntary liquidation and dissolution of the Company (the “Dissolution Proposal”) pursuant to the Plan of Dissolution (the “Plan of Dissolution”) which authorizes the Company to liquidate and dissolve the Company in accordance with the Plan of Dissolution.
The Dissolution Proposal was approved based on the following results of voting:
| For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||
| 17,862,543 | 266,437 | 39,800 | — | ||||||||||||||||||||
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.
| ZOVIO INC | ||||||||
| By: | /s/ Matt Mitchell | |||||||
| Name: Matt Mitchell | ||||||||
| Date: October 26, 2022 | Title: Senior Vice President, General Counsel | |||||||