DoubleDown Interactive Co., Ltd 6-K, filed Mar 29, 2023
DoubleDown Interactive Co., Ltd. (DDI)
About this 6-K
DoubleDown Interactive Co., Ltd filed this 6-K on March 29, 2023.
U UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2023
Commission File Number 001-39349
DoubleDown Interactive Co., Ltd.
(Translation of registrant’s name into English)
Joseph A. Sigrist, Chief Financial Officer
c/o DoubleDown Interactive, LLC
605 5th Avenue, Suite 300
Seattle, WA 98104
+1-206-408-4545
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Results of Annual General Meeting of Shareholders
The annual general meeting of shareholders (the “AGM”) of DoubleDown Interactive Co., Ltd. (the “Company”) was held on March 29, 2023 at 11:00 a.m., Korea Standard Time (March 28, 2023 at 10:00 p.m., U.S. Eastern Time) in Seoul, Korea. At the AGM, the shareholders of the Company approved and adopted five of the six resolutions as originally proposed, and the voting result for each of the proposed resolutions is as follows:
| No. |
Proposal |
For |
Against | |||||||
| Votes |
% |
Votes |
% | |||||||
| 1. | Approval of the 15th financial statements for the fiscal year ended December 31, 2022 | 2,473,918 | 100% | 3,448 | 0% | |||||
| 2. | Shareholder Proposal by STIC Special Situation Diamond Limited: Approval of the declaration of a cash dividend in the aggregate amount of $50,000,000 | 521,311 | 21% | 1,872,841 | 76% | |||||
| 3. | Approval of the amendment to the Company’s Articles of Incorporation | 2,477,351 | 100% | 129 | 0% | |||||
| 4. | (i) Election of Yanghoon Cho as an independent director | 2,477,309 | 100% | 37 | 0% | |||||
| (ii) Election of Jaesung Chung as an independent director | 2,477,309 | 100% | 37 | 0% | ||||||
| 5. | Approval of the remuneration limit for independent directors and executive officers | 2,198,253 | 89% | 195,579 | 8% | |||||
| 6. | Ratification of the appointment of Samil PricewaterhouseCoopers as the independent registered public accounting firm of the Company for the fiscal years ending December 31, 2023, 2024 and 2025 | 2,477,366 | 100% | 0 | 0% | |||||
Issuance of Press Release
On March 29, 2023, the Company issued a press release announcing the results of the AGM.
The press release is being furnished in this report on Form 6-K as Exhibit 99.1 pursuant to General Instruction B to the Form 6-K, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press release of the Company, dated March 29, 2023 | |
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, thereunto duly authorized.
| DOUBLEDOWN INTERACTIVE CO., LTD. | ||||||
| Date: March 29, 2023 | By: | /s/ Joseph A. Sigrist | ||||
| Name: Joseph A. Sigrist | ||||||
| Title: Chief Financial Officer | ||||||
Exhibit 99.1
DoubleDown Interactive Announces
Results of 2023 Annual General Meeting
SEATTLE, WASHINGTON – March 29, 2023 — DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading gaming company, delivering unique player experiences across a variety of genres, announced today that at the annual general meeting of shareholders (the “AGM”) held on March 29, 2023 at 11:00 a.m., Korea Standard Time (March 28, 2023 at 10:00 p.m., U.S. Eastern Time) in Seoul, Korea, the following actions were taken by the shareholders of record as of December 31, 2022 on the proposed resolutions:
| 1. | Approval of the 15th financial statements for the fiscal year ended December 31, 2022; |
| 2. | Rejection of the shareholder proposal for a declaration of a cash dividend in the aggregate amount of $50,000,000 as proposed by STIC Special Situation Diamond Limited; |
| 3. | Approval of the amendment to business purposes of the Company under Chapter I, Article 2 of the Company’s Articles of Incorporation; |
| 4. | Re-election of each of Yanghoon Cho and Jaesung Chung (whose current terms will expire in May 2023) as a non-executive independent director of the Company for a new three-year term commencing on May 20, 2023 and ending on May 20, 2026; |
| 5. | Approval of the aggregate remuneration limit of KRW5,000,000,000 for independent directors and executive officers for the fiscal year ending December 31, 2023; and |
| 6. | Ratification of the appointment of Samil PricewaterhouseCoopers as the independent registered public accounting firm of the Company for the fiscal years ending December 31, 2023, 2024 and 2025. |
About DoubleDown Interactive
DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. Our flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games.
Company Contact:
Joe Sigrist
ir@doubledown.com
+1 (206) 773-2266
Chief Financial Officer
https://www.doubledowninteractive.com
Investor Relations Contact:
Alex Thompson
Gateway Group
1-949-574-3860
DDI@gatewayir.com