8-K
Karat Packaging Inc. (KRT)
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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)
June 14, 2023
Karat Packaging Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-40336 | 83-2237832 |
|---|---|---|
| (State or other jurisdiction <br><br>of incorporation) | (Commission File Number) | (IRS Employer <br><br>Identification No.) |
| 6185 Kimball Avenue | ||
| --- | --- | |
| Chino, California | 91708 | |
| (Address<br>of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code
(626) 965-8882
(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<br>Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange<br>Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b)<br>under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c)<br>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 which registered |
|---|---|---|
| Common Stock, $0.001 par value | KRT | 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. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
The following matters were voted upon at the 2023 Annual Meeting of Stockholders of Karat Packaging Inc. (the “Company”) held on June 14, 2023 (the “Annual Meeting”). Each stockholder of common stock was entitled to one vote per share on each of the five director nominees and on each other matter properly presented at the Annual Meeting.
Proposal 1 – Election of five directors, each serving for a term expiring at the next annual meeting or until their successors are duly elected and qualified.
| Nominee | Votes For | Votes Against | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Alan Yu | 18,280,060 | 129,337 | 302 | 473,158 |
| Joanne Wang | 17,641,424 | 767,918 | 357 | 473,158 |
| Paul Y. Chen | 17,552,254 | 701,440 | 1,005 | 473,158 |
| Eric Chen | 17,707,455 | 701,240 | 1,004 | 473,158 |
| Eve Yen | 17,707,589 | 701,105 | 1,005 | 473,158 |
Proposal 2 – Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent certified public accountants for the fiscal year ending December 31, 2023.
| Votes For | Votes Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 18,866,920 | 15,867 | 70 | N/A |
Proposal 3 – Advisory approval of the Company’s executive compensation (“Say on Pay”).
| Votes For | Votes Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 18,382,519 | 23,027 | 4,153 | 473,158 |
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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.
| KARAT PACKAGING INC. | ||
|---|---|---|
| Date: June 15, 2023 | By: | /s/ Jian Guo |
| Jian Guo | ||
| Chief Financial Officer |
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