USBC 8-K/A
USBC, Inc. (USBC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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. ☐
Explanatory Note
This Amendment No. 1 on Form 8-K/A (this “Form 8-K/A”) is an amendment to the Current Report on Form 8-K of Know Labs, Inc. (the “Company”), filed on September 27, 2024 (the “Original Form 8-K”). Following the filing of the Original Form 8-K, the Company discovered that Item 8.01 was inadvertently tagged in the submission rather than Item 5.07. The Company is amending the Original Form 8-K solely to change the referenced to Item 5.07. No disclosure has changed from the Original Form 8-K.
Item 5.07 Submission of Matters to a Vote of Security Holders.
Know Labs, Inc. (the “Company”), an emerging leader in non-invasive medical diagnostics technology, held its 2024 Annual Meeting of Stockholders on September 26, 2024. The results of the Annual Meeting are set forth below.
As of July 30, 2024, the record date, there were 86,368,897 shares of common stock outstanding and 408,474 shares of common stock that can be voted on an as-if-converted basis from shares of preferred stock, for a total of 86,777,171 shares eligible to vote at this meeting. Proxies representing 56,964,556 shares have been signed and delivered. This constitutes 65.6% of the total shareholders of the Company.
Each of the matters considered at the meeting was described in detail in the definitive proxy statement on Schedule 14A that the Company filed with the Securities and Exchange Commission on August 5, 2024.
Proposal No. 1 - Elected seven nominees to serve on the Board until the 2025 Annual Meeting of Stockholders as follows:
Motion |
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| Description |
| Vote |
| Shares |
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| 1 |
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| Election of Directors (All Directors) |
| For |
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| 35,837,461 |
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| Against |
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| - |
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| Withheld |
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| 352,777 |
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| Broker Non-Votes |
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| 20,774,318 |
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Proposal No. 2 - Approved and ratified the appointment of BPM, LLP of Walnut Creek, CA as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024 as follows:
Motion |
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| Description |
| Vote |
| Shares |
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| 2 |
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| Ratification of BPM LLP as the Independent Registered Public Accounting Firm |
| For |
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| 56,736,882 |
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| Against |
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| 191,296 |
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| Withheld |
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| 36,378 |
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| Broker Non-Votes |
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| - |
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Proposal No. 3 - Authorized, for purposes of complying with NYSE American Rule 713, the issuance of shares of our common stock underlying convertible notes and warrants issued pursuant to the terms and provisions of that certain Securities Purchase Agreement, dated February 27, 2024, by and among the Company and Lind Global Fund II LP (“Lind”) in an amount equal to or in excess of 20% of our common stock outstanding as follows:
Motion |
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| Description |
| Vote |
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| 3 |
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| Authorization of shares of Common Stock |
| For |
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| 34,315,368 |
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| in Accordance with NYSE American Rule 713 |
| Against |
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| 1,580,024 |
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| Withheld |
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| 294,846 |
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| Broker Non-Votes |
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| 21,774,318 |
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Proposal No. 4 - Approved, by a non-binding advisory vote, the compensation of the Company’s named executive officers as disclosed in the attached Proxy Statement as follows:
Motion |
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| Description |
| Vote |
| Shares |
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| 4 |
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| To Approve on a Non-Binding Basis the |
| For |
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| 34,052,268 |
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| Compensation of the Company's Named |
| Against |
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| 1,434,125 |
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| Executive Officers |
| Withheld |
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| 703,845 |
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| Broker Non-Votes |
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| 20,774,318 |
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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.
Date: October 9, 2024 |
| KNOW LABS, INC. |
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| /s/ Ronald P. Erickson |
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| Name: Ronald P. Erickson |
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| Title: Chairman of the Board |
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