UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07 Submission of Matters to a Vote of Security Holders
(a) Amergent Hospitality Group Inc. (“Amergent”) held its 2021 Annual Meeting of Stockholders (“2021 Annual Meeting”) on December 30, 2021, at which the matters set forth below in response to Item 5.07(b) were submitted to a vote of security holders.
As of the close of business on November 22, 2021, the record date for the Annual Meeting, 15,706,735 shares of the Company’s common stock, $0.0001 par value (“Common Stock”), were outstanding and entitled to vote.
Set forth below are the proposals voted upon at the 2021 Annual Meeting, and the estimated preliminary voting results reported by the Company’s proxy solicitor, Securities Transfer Corporation (the “Proxy Solicitor”), based on the information available to the Proxy Solicitor. Based on the estimated preliminary results from the Proxy Solicitor and subject to the qualifications set forth herein, at least 9,857,899 shares of Common Stock were voted in person or by proxy at the 2021 Annual Meeting, representing more than 62% percent of the shares entitled to be voted.
The numbers depicted may not reflect the actual results, which are being tabulated by the independent inspector of election (the “Inspector of Election”). The Inspector of Election is the only person who will be able to count, tabulate and validate the votes to reflect, among other items: the net effect of legal proxies and other ballots or proxy cards voted at the 2021 Annual Meeting.
These preliminary voting results will ultimately be updated through the filing of an amendment to this Current Report on Form 8-K to reflect the final certification of results from the Inspector of Election. There can be no assurance that the outcome of the final results will be consistent with the outcome of the estimated vote results indicated on this Form 8-K.
(b) The estimated preliminary voting results from the Proxy Solicitor for the proposals presented at the 2021 Annual Meeting are as follows:
Proposal No. 1
The estimated preliminary votes for and against each nominee and abstentions are set forth below. The five nominees will be elected to the board after certification of the final results by the Inspector of Election.
To elect Michael D. Pruitt, Frederick L. Glick, Keith J. Johnson, Neil G. Kiefer and J. Eric Wagoner to serve a one-year term until their respective successors are duly elected and qualified or until their death, resignation, removal or disqualification:
Vote | Broker | |||||||||||||||
Vote For | Against | Abstentions | Non-Vote | |||||||||||||
Michael D. Pruitt | 5,948,614 | 79,904 | 0 | * | ||||||||||||
Frederick L. Glick | 724,601 | 121,947 | 0 | * | ||||||||||||
Keith J. Johnson | 5,910,811 | 116,799 | 0 | * | ||||||||||||
Neil G. Kiefer | 5,948,484 | 80,034 | 0 | * | ||||||||||||
J. Eric Wagoner | 5,911,714 | 116,804 | 0 | * |
Proposal No. 2
To approve the Amergent 2021 Equity Incentive Plan:
Vote | Broker | |||||||||||||
Vote For | Against | Abstentions | Non-Vote | |||||||||||
5,634,076 | 422,275 | 17,027 | * | |||||||||||
Proposal No. 3
To ratify the appointment of Cherry Bekaert LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2021:
Vote | ||||||||||
Vote For | Against | Abstentions | ||||||||
9,799,955 | 54,042 | 3,902 |
Proposal No. 4
To approve, on an advisory basis, the compensation of our Named Executive Officers (as defined in the Proxy Statement) (say-on-pay advisory vote):
Vote | ||||||||||
Vote For | Against | Abstentions | ||||||||
5,622,129 | 438,422 | 12,802 |
Proposal No. 5
To vote, on an advisory basis, on how frequently we should seek approval from our stockholders, on an advisory basis, of the compensation paid to our Named Executive Officers (say-on-frequency advisory vote):
One Year | Two Years | Three Years | Abstentions | |||||||||||
1,061,780 | 23,733 | 4,853,834 | 134,026 |
*to be determined and reported on Form 8-K with all final voting results
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.
Date: January 6, 2022
Amergent Hospitality Group Inc. | ||
By: | /s/ Michael D. Pruitt | |
Michael D. Pruitt | ||
Chief Executive Officer |