American Bitcoin Corp 8-K, filed Sep 6, 2024
American Bitcoin Corp. (ABTC)
About this 8-K
American Bitcoin Corp filed this 8-K on September 6, 2024.
Items reported
- Item 5.07: Shareholder vote results
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On September 6, 2024, Gryphon Digital Mining, Inc. (the “Company”) completed its 2024 annual meeting of stockholders (the “Annual Meeting”). The number of shares of common stock, par value $0.0001 per share (the “Common Stock”), entitled to vote at the Annual Meeting was 40,319,931 shares. Jessica Billingsley was re-elected as a Class III director to the Board for a three-year term of office at the Annual Meeting. The number of shares of Common Stock present or represented by valid proxy at the Annual Meeting was 20,159,966 shares. At the Annual Meeting, the Company’s stockholders (i) did not approve amendments to the Company’s Amended and Restated Certificate of Incorporation (the “Proposed Charter Amendment”) to declassify the Board of Directors (the “Board”) and make related changes, (ii) re-elected Jessica Billingsley as a Class III director to the Board for a three-year term of office expiring at the 2027 Annual Meeting of Stockholders, (iii) approved, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement for the Annual Meeting, (iv) approved, on a non-binding advisory basis, three years as the frequency of conducting future stockholder advisory votes on named executive officer compensation and (v) ratified the selection of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.
The following is a tabulation of the voting on the proposals presented at the Annual Meeting:
Proposal No. 1 – Charter Amendment
The Proposed Charter Amendment was not approved. The voting results were as follows:
| Votes For | Votes Against | Abstentions | ||
| 16,183,489 | 5,582,574 | 3,462,732 |
Proposal No. 2 – Director Election
Jessica Billingsley was elected as a Class III director to the Board for a three-year term of office expiring at the 2027 Annual Meeting of Stockholders or until her successor is duly elected and qualified or until her director’s earlier death, resignation, disqualification or removal from office. The voting results were as follows:
| Votes For | Votes Against | Abstentions | ||
| 12,158,890 | 13,061,738 | 8,167 |
Proposal No. 3 – Say on Pay
The compensation of the Company’s named executive officers was approved on a non-binding advisory basis. The voting results were as follows:
| Votes For | Votes Against | Abstentions | ||
| 13,996,950 | 5,471,150 | 5,760,695 |
Proposal No. 4 – Say When on Pay
Three years was approved, on a non-binding advisory basis as the frequency of conducting future stockholder advisory votes on named executive officer compensation. The voting results were as follows:
| 1 Year | 2 Years | 3 Years | Abstentions | |||
| 2,433,908 | 471,237 | 16,538,962 | 5,784,688 |
Proposal No. 5 – Auditor Ratification
The ratification of the appointment by the Company’s Board of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, was approved. The voting results were as follows:
| Votes For | Votes Against | Abstentions | ||
| 25,081,113 | 571,153 | 4,261,626 |
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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.
| GRYPHON DIGITAL MINING, INC. | |||
| Date: September 6, 2024 | By: | /s/ Robby Chang | |
| Name: | Robby Chang | ||
| Title: | Chief Executive Officer | ||
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