IMCI 8-K
INFINITE GROUP INC (IMCI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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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 Submission of Matters to a Vote of Security Holders.
At the annual meeting of stockholders of Infinite Group, Inc. (the “Company”) held on January 26, 2022, the Company’s stockholders voted on the matters described below.
Proposal 1. The Company’s stockholders elected the following nominees as directors, each to serve for a one-year term expiring in 2023 and until their successors are duly elected and qualified.
Director Nominee |
| Votes For |
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| Authority Withheld |
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| Broker Non-Votes |
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James Villa |
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| 19,019,160 |
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| 95,920 |
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| 6,782,693 |
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Donald W. Reeve |
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| 19,024,160 |
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| 90,920 |
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| 6,782,693 |
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Andrew Hoyen |
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| 18,319,160 |
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| 795,920 |
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| 6,782,693 |
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Proposal 2. The Company’s stockholders voted to approve, on an advisory basis, the compensation of the Company’s named executive officers (“say-on-pay”).
Votes For |
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| Abstain |
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| 16,951,547 |
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| 263,140 |
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| 1,900,393 |
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| 6,782,693 |
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Proposal 3. The Company’s stockholders voted, on an advisory basis, to hold a non-binding vote on executive compensation every year.
1 Year |
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| 2 Years |
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| 3 Years |
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| Abstain |
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| 16,408,816 |
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| 682,451 |
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| 124,200 |
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| 1,899,613 |
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Proposal 4. The Company’s stockholders voted to approve the Company’s 2021 Equity Incentive Plan.
For |
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| Abstain |
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| Broker Non-Votes |
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| 17,118,247 |
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| 798,620 |
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| 1,204,713 |
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| 6,776,193 |
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Proposal 5. The Company’s stockholders voted to authorize the Board of Directors to effect, in its discretion, a reverse stock split of the outstanding and treasury shares of the Company’s common stock at a ratio ranging from 1-for-3 to 1-for-75, to be determined by the Board of Directors, and to approve a corresponding amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to effect the reverse stock split.
For |
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| Against |
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| Abstain |
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| Broker Non-Votes |
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| 16,836,072 |
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| 884,095 |
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| 1,394,913 |
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| 6,782,693 |
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Proposal 6. The Company’s stockholders voted to ratify the selection of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2021.
For |
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| Against |
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| Abstain |
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| 24,558,970 |
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| 75,190 |
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| 1,263,613 |
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Proposal 7. The Company’s stockholders voted to approve an adjournment of the 2021 Annual Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the 2021 Annual Meeting to approve any of the proposals presented for a vote at the 2021 Annual Meeting.
For |
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| Against |
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| Abstain |
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| Broker Non-Votes |
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| 17,129,047 |
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| 786,120 |
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| 1,199,913 |
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| 6,782,693 |
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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.
Infinite Group, Inc. |
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Date: January 28, 2022 | By: | /s/ James Villa |
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| James Villa |
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| Chief Executive Officer |
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