RTB Digital, Inc 8-K, filed Dec 20, 2024
RTB Digital, Inc. (RTB)
About this 8-K
RTB Digital, Inc filed this 8-K on December 20, 2024, reporting on events of December 19, 2024.
Items reported
- Item 5.07: Shareholder vote results
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
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On December 19, 2024, the Company held its 2024 annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders (i) elected Ben Errez, Fredi Nisan, Genevieve Baer, David Montoya and Ezra Laniado to serve as the directors of the Company; (ii) ratified the appointment of Simon & Edward, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; (iii) approved the issuance of common stock in excess of 20% of the number of shares of the Company’s common stock outstanding, as required pursuant to Nasdaq Listing Rule 5635(d); and (iv) approved the amendments to the 2023 equity incentive plan (the “2023 EIP”); to increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2023 EIP from 1,098,262 shares of common stock to 5,098,262 shares of common stock, and to increase the number of shares that can be issued upon exercise of Incentive Stock Options under the 2023 EIP from 1,098,262 shares of common stock to 5,098,262 shares of common stock.
Stockholders of record at the close of business on October 22, 2024 (the “Record Date”) were entitled to one vote for each share of common stock. On the Record Date, there were 7,346,203 shares of common stock outstanding. The amount of issued and outstanding shares of common stock present at the Annual Meeting, in person or by proxy, was sufficient to constitute a quorum.
Set forth below are the final voting results for each of the proposals:
Proposal No. 1 - Election of directors
Messrs. Ben Errez, Fredi Nisan, Genevieve Baer, David Montoya and Ezra Laniado were elected to serve as directors of the Company for a term expiring at the 2025 annual meeting of stockholders or until their successors are elected and qualified. The voting results were as follows:
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Director |
Votes For |
Votes Withheld |
Broker |
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Ben Errez |
2,774,710 |
366,084 |
1,693,443 |
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Fredi Nisan |
2,781,818 |
358,976 |
1,693,443 |
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Genevieve Baer |
2,723,748 |
417,046 |
1,693,443 |
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David Montoya |
2,709,138 |
431,656 |
1,693,443 |
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Ezra Laniado |
2,751,860 |
388,934 |
1,693,443 |
Proposal No. 2 - Ratification of the appointment of independent registered public accounting firm
The appointment of Simon & Edward, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified. The voting results were as follows:
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Votes For |
Votes Against |
Abstentions |
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4,721,652 |
86,535 |
26,050 |
Proposal No. 3 - To approve under Nasdaq Listing Rule 5635(d), the issuance to an institutional investor of shares of the Company’s common stock in excess of 20% of the number of shares of the Company’s common stock outstanding.
The issuance of common stock in excess of 20% of the number of shares of the Company’s common stock outstanding, as required pursuant to Nasdaq Listing Rule 5635(d), was approved. The voting results were as follows:
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Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
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2,691,782 |
426,289 |
22,723 |
1,693,443 |
Proposal No. 4 - Approval of amendments to the 2023 EIP to increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2023 EIP from 1,098,262 shares of common stock to 5,098,262 shares of common stock, and to increase the number of shares that can be issued upon exercise of Incentive Stock Options under the 2023 EIP from 1,098,262 shares of common stock to 5,098,262 shares of common stock.
The amendments to the Company’s 2023 EIP were approved. The voting results were as follows:
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Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
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2,577,061 |
538,553 |
25,180 |
1,693,443 |
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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Dated: December 20, 2024 |
RYVYL Inc. |
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By: |
/s/ Fredi Nisan |
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Name: Fredi Nisan |
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Title: Chief Executive Officer |
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