8-K
Jerash Holdings (US), Inc. (JRSH)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The SecuritiesExchange Act of 1934
Date of Report (Date of earliest event reported):
September 15, 2021
Jerash Holdings (US), Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-38474 | 81-4701719 |
|---|---|---|
| (State or other jurisdiction<br><br>of incorporation) | (Commission File Number) | (IRS Employer<br><br>Identification No.) |
| 277 Fairfield Road, Suite 338, Fairfield, NJ | 07004 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (214) 906-0065
(Former name or former address, if changed since last report)
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:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on whichregistered |
|---|---|---|
| Common stock, par value $0.001 per share | JRSH | The NASDAQ Stock Market LLC |
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. ☒
Item5.07 Submission of Matters to a Vote of Security Holders.
At the annual meeting of stockholders of Jerash Holdings (US), Inc. (the “Company”) held on September 15, 2021, the Company’s stockholders voted on the matters described below.
| 1. | The Company’s stockholders elected five directors, each to serve until the 2022 annual meeting of stockholders and until their respective successors have been elected and qualified or until their earlier resignation or removal. The number of shares that (a) voted for the election of each director and (b) withheld authority to vote for each director is summarized in the table below: | |
|---|---|---|
| Director Nominee | Votes For | Votes Withheld |
| --- | --- | --- |
| Choi Lin Hung | 8,466,642 | 110,374 |
| Wei (“Kitty”) Yang | 8,465,552 | 111,464 |
| Ibrahim H. Saif | 8,464,650 | 112,366 |
| Bill Korn | 8,464,765 | 112,251 |
| Mak Chi Yan | 8,464,642 | 112,374 |
There were 1,176,572 broker non-votes with respect to the election of each director. Broker non-votes represent shares held by broker nominees for beneficial owners that were not voted because the broker nominee did not receive voting instructions from the beneficial owner and lacked discretionary authority to vote the shares on a non-routine proposal.
| 2. | The Company’s stockholders ratified the selection of Friedman LLP as the Company’s independent registered public accounting firm for the year ending March 31, 2022. The number of shares that voted for, against, and abstained from voting for this proposal is summarized in the table below: | |
|---|---|---|
| Votes For | Votes Against | Abstentions |
| --- | --- | --- |
| 9,641,320 | 107,833 | 4,435 |
There were no broker non-votes on the proposal to ratify the selection of the Company’s independent registered public accounting firm for the year ending March 31, 2022.
Item 8.01 Other Events.
On September 16, 2021, the Company issued a press release to announce the results of its annual meeting of stockholders held on September 15, 2021. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Exhibit |
|---|---|
| 99.1 | Press Release dated September 16, 2021 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| JERASH HOLDINGS (US), INC. | ||
|---|---|---|
| September 16, 2021 | By: | /s/ Choi Lin Hung |
| Choi Lin Hung | ||
| Chairman of the Board of Directors,<br><br> <br>Chief Executive Officer, President, and Treasurer |
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Exhibit 99.1
Jerash HoldingsAnnounces Results
Of 2021 AnnualMeeting of Stockholders
FAIRFIELD,NJ, September 16, 2021 - Jerash Holdings (US), Inc. (Nasdaq: JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sports and outerwear for leading global brands, today announced the results of its annual meeting of stockholders, held on September 15, 2021.
Items submitted for stockholder approval were approved and adopted, including:
| ● | Election of five nominated directors, Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn and Mak Chi Yan. All directors will serve one-year<br>terms through the Company’s 2022 annual meeting of stockholders. |
|---|
| ● | Ratification of Friedman LLP as the Company’s independent registered public accounting firm for its fiscal year ending March<br>31, 2022. |
|---|
About Jerash Holdings (US), Inc.
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sports and outerwear for leading global brands and retailers, including Walmart, Costco, New Balance, G-III (which owns brands such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess), American Eagle, and VF Corporation (which owns brands such as The North Face, Timberland, and JanSport). Jerash’s existing production facilities comprise six factory units, and four warehouses, and Jerash currently employs approximately 5,000 people. The total annual capacity at its facilities was approximately 12.0 million pieces as of June 30, 2021. Additional information is available at www.jerashholdings.com.
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Contact:
PondelWilkinson Inc.
Judy Lin Sfetcu or Roger Pondel
310-279-5980
jsfetcu@pondel.com