SusGlobal Energy Corp 8-K, filed Mar 25, 2022
SusGlobal Energy Corp. (SNRG)
About this 8-K
SusGlobal Energy Corp filed this 8-K on March 25, 2022, reporting on events of March 24, 2022.
Items reported
- Item 5.07: Shareholder vote results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Item 5.07 Submission of Matters to a Vote of Security Holders.
SusGlobal Energy Corp. (the "Company") held a Special Meeting of Shareholders on March 24, 2022 (the "Special Meeting"). The proposal considered at the Special Meeting concerned an amendment to the Company's Certificate of Incorporation to effect a reverse stock split and is described in detail in the Company's Proxy Statement dated March 1, 2022.
Of the 96,523,547 shares of the Company's common stock outstanding and entitled to vote at the Special Meeting, 49,394,652 shares, or 51.17% of the outstanding shares, were present either in person or by proxy.
The following describes the matters considered by the Company's shareholders at the Special Meeting and the final results of the votes cast at the meeting:
Proposal No. 1 Reverse Stock Split Proposal.
To approve an amendment to our certificate of incorporation to effect a reverse stock split at a ratio in the range of 1-for-2 to 1-for-5, with the exact ratio to be set within that range at the discretion of our Board of Directors before February 15, 2023 without further approval or authorization of our stockholders and with our Board of Directors able to elect to abandon such proposed amendment and not effect the reverse stock split authorized by stockholders, in its sole discretion.
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For |
Against |
Abstain |
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49,369,652 |
25,000 |
Nil |
As a result of over 51% of the shares outstanding voting in favor, the shareholders approved Proposal No. 1.
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.
| SusGlobal Energy Corp. | ||
| Dated: March 25, 2022 | By: | /s/ Marc Hazout |
| Marc Hazout | ||
| Executive Chairman, President and Chief Executive Officer | ||