DYNTQ 8-K
DYNATRONICS CORP (DYNTQ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.07 Submissions of Matters to a Vote of Security Holders
(a) On December 7, 2023, we held our 2023 Annual Meeting of Shareholders (the "Annual Meeting"). As of the record date of October 10, 2023, shares eligible to vote totaled 5,103,556, comprised of 4,530,837 shares of Common Stock, 1,992,000 shares of Series A Preferred Stock (325,627 shares "as-converted" voting power), and 1,359,000 shares of Series B Preferred Stock (247,092 shares "as-converted" voting power). A quorum of 3,297,704 (72.78%) of the eligible shares of Common Stock, and a quorum of 3,721,946 (72.92%) of the eligible shares of Common Stock and Preferred Stock (on an as-converted basis, subject to voting cutbacks) were present in person or represented by proxy at the meeting.
(b) The following is a brief description of each matter submitted to a vote at the Annual Meeting, as well as the number of votes cast for and against and the number of abstentions and broker non-votes with respect to each matter.
Proposal No. 1: Election of Directors
To elect R. Scott Ward, Scott A. Klosterman and Brian D. Baker to serve until the 2024 Annual Meeting of Shareholders, and until their successors are duly elected and qualified or until their earlier death, resignation, retirement or removal.
| Votes For | Withheld | Broker Non-Votes | |
| R. Scott Ward | 2,627,117 | 252,001 | 842,828 |
| Scott A. Klosterman | 2,620,761 | 258,357 | 842,828 |
| Brian D. Baker | 2,758,438 | 120,680 | 842,828 |
Proposal No. 2: Ratification of the appointment of Tanner LLC as Independent Registered Public Accounting Firm for the Fiscal Year Ending June 30, 2024
| Votes For | Votes Against | Votes Abstained |
| 3,664,964 | 19,284 | 37,698 |
Proposal No. 3: Approval of a Resolution Authorizing the Board to Effect Reverse Stock Split of our Common Stock
| Class of Voting Stock | Votes For | Votes Against |
Votes Abstained |
| Common | 3,087,372 | 132,135 | 78,197 |
| Common and Preferred (on an as-converted basis, subject to voting cutbacks) as a group | 3,511,614 | 132,135 | 78,197 |
SIGNATURE
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.
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Date: December 11, 2023 |
DYNATRONICS CORPORATION |
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By: |
/s/ Brian D. Baker |
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Name: |
Brian D. Baker |
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Title: |
Chief Executive Officer |