Iveda Solutions, Inc 8-K, filed Jan 25, 2022
Iveda Solutions, Inc. (IVDA)
About this 8-K
Iveda Solutions, Inc filed this 8-K on January 25, 2022, reporting on events of January 21, 2022.
Items reported
- Item 5.03: Charter or bylaw amendment, or fiscal year change
- Item 5.07: Shareholder vote results
- Item 9.01: Financial statements and exhibits
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
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Item 5.03. Amendments To Articles Of Incorporation Or Bylaws; Change In Fiscal Year.
As more fully set forth in Item 5.07, on January 21, 2022, holders of a majority of the outstanding voting capital stock of Iveda Solutions, Inc. (the “Company”) voted to approve an amendment to the Company’s Articles of Incorporation (the “Amendment”) to increase the number of its authorized shares of capital stock from 200,000,000 shares to 400,000,000 shares of which 300,000,000 shares were designated common stock, par value $0.0001 per share (the “Common Stock”) and 100,000,000 shares remained “blank check” preferred stock, par value $0.0001 per share. The Amendment was filed with the Secretary of State of the State of Nevada on January 25, 2022. A copy of the Amendment is attached as Exhibit 3.1 hereto and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
On January 21, 2022, the Company held a Special Meeting of Stockholders (the “Special Meeting”) at 460 S. Greenfield Road, Suite 5, Mesa, Arizona 85206. A total of 49,980,029 shares of the Company’s common stock outstanding and entitled to vote were present at the meeting in person or by proxy. The results of the items voted on at the Annual Meeting are as follows:
Proposal 1: Approval of an amendment to the Company’s Articles of Incorporation to increase the number of its authorized shares to 300,000,000 shares of common stock.
| Votes For | Votes Against | Votes Abstain | % Votes For (Based on Total Proxy Shares) | % Votes For (Based on Total Shares Voted) | ||||||||||||||
| 48,733,428 | 1,218,699 | 0 | 63.83 | % | 97.51 | % | ||||||||||||
The vote required to approve this proposal was the affirmative vote of a majority of shares represented at the meeting. Accordingly, this proposal was approved.
Proposal 2: To approve a proposal for the adjournment of the Special Meeting to solicit additional proxies, if there are insufficient proxies at the Special Meeting to approve Proposal 1.
| Votes For | Votes Against | Votes Abstain | % Votes For (Based on Total Proxy Shares) | % Votes For (Based on Total Shares Voted) | ||||||||||||||
| 48,713,625 | 1,228,399 | 10,103 | 63.80 | % | 97.47 | % | ||||||||||||
The vote required to approve this proposal was the affirmative vote of a majority of shares represented at the meeting. Accordingly, this proposal was approved. However, since Proposal 1 above was approved, such action on this Proposal 2 is not required.
Proposal 3: To transact such other business as may properly come before the Special Meeting, including to consider any procedural matters incident to the conduct of the Special Meeting, such as the postponement of the Special Meeting in order to solicit additional proxies to vote in favor of the matters presented at the Special Meeting.
| Votes For | Votes Against | Votes Abstain | % Votes For (Based on Total Proxy Shares) | % Votes For (Based on Total Shares Voted) | ||||||||||||||
| 48,663,939 | 1,302,487 | 13,603 | 63.74 | % | 97.37 | % | ||||||||||||
The vote required to approve this proposal was the affirmative vote of a majority of shares represented at the meeting. Accordingly, this proposal was approved. There was no other business that was properly brought before the Special Meeting.
Item 9.01 Financial Statements And Exhibits
(a) Exhibits
| Number | Description | |
| 3.1 | Certificate of Amendment to Articles of Incorporation |
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.
IVEDA SOLUTIONS, INC. | ||
| Date: January 25, 2022 | By: | /s/ Luz A. Berg |
Luz A. Berg COO, CMO & Secretary | ||
Exhibit 3.1
