Section 5.07 Submission of Matters to a Vote of Securityholders.
At the close of business on
At the Meeting, the combined holders of 21,874,158 Voting Shares entitled to receive notice of and vote at the Meeting were represented in person or by proxy, representing approximately 62.4% of the Voting Shares in circulation, and therefore a quorum in accordance with the Nevada Revised Articles and Bylaws of the Company were present for the transaction of business at the Assembly.
The final results for each of the issues discussed at the Assembly were as follows:
1. Election of the five nominees to the Board: Name Votes For Withheld Broker Non-Votes Steve Rossi 19,402,906 49,718 2,421,534 Lorenzo Rossi 19,271,775 180,849 2,421,534 Craig Loverock 19,336,232 116,392 2,421,534 William Caragol 19,338,371 114,253 2,421,534 Ned L. Siegel 19,337,608 115,016 2,421,534
Each director nominee has been elected to serve as a director until the Company’s 2023 annual meeting of shareholders, or until such person’s successor is duly elected and qualified, or until his resignation, death or dismissal. Due to the fact that directors are elected by a plurality of the votes cast, votes could only be cast in favor or withheld of the nominees and, therefore, votes against were not applicable.
2. Approval of
Votes for Votes Against Abstentions Broker Non-Votes
18,945,665 407,196 99,763 2,421,534
The affirmative vote of the majority holders of the outstanding shares was required for approval. The
3. Adjournment of the meeting to permit a further solicitation of proxies, if
necessary or appropriate: Votes For Votes Against Abstentions 21,504,482 310,271 59,405
The affirmative vote of the majority holders of the outstanding shares was required for approval. The proposal was approved.
Item 8.01 Other Events.
Item 9.01 Financial statements and supporting documents
(d) Exhibits Item Title 99.1
Worksport Ltd2022 Stockholders' Meeting Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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