UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
November 22, 2021
Date of Report (Date of earliest event reported)
FINGERMOTION, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-55477 | 20-0077155 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 1460 Broadway New York, New York | 10036 |
| (Address of principal executive offices) | (Zip Code) |
(347) 349-5339
Registrant’s telephone number, including area code
Not applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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 which registered |
| N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 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. ☐
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
| Item 5.07. | Submission of Matters to a Vote of Security Holders |
Results of the Annual Meeting of Stockholders
An Annual Meeting of Stockholders (the “AGM”) of the Company was held on November 22, 2021 to approve the agenda items described below.
Proxies for the AGM were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to the Company’s solicitation.
A total of 23,948,512 shares (56.75% of the 42,201,260 issued and outstanding shares of the Company’s common stock entitled to vote as of September 24, 2021, the record date for the AGM) were present in person or by proxy, constituted a quorum for the transaction of business and were voted at the AGM. The agenda items submitted at the AGM were passed as described below. Percentages indicated below reflect the percentage of the total number of shares voted at the AGM with respect to that agenda item.
Agenda Item 1. To elect four directors:
| Nominee | For | Withheld | ||
| Hsien Loong Wong | 21,989,057 | 98.59% | 315,004 | 1.41% |
| Leong Yew Poh | 22,289,257 | 99.93% | 14,804 | 0.07% |
| Michael Chan | 22,288,757 | 99.93% | 15,304 | 0.07% |
| Ng Eng Ho | 22,303,844 | 99.999% | 217 | 0.00% |
There were 1,644,451 broker non-votes with respect to this agenda item. Votes that were withheld and broker non-votes were counted for the purposes of determining the presence or absence of a quorum but had no other effect on the election of directors.
Agenda Item 2. To ratify the appointment of Centurion ZD CPA & Co. as the Company’s independent registered public accounting firm for the fiscal year ending February 28, 2022. The votes cast for or against this agenda item, and the number of abstentions, were as follows:
| For | Against | Abstain | |||
| 23,947,365 | 99.999% | 1,047 | 0.00% | 100 | 0.00% |
There were no broker non-votes with respect to this agenda item. Abstentions were counted for purposes of determining the presence or absence of a quorum, and abstentions were deemed to be “votes cast” and had the same effect as a vote against this agenda item.
-2-
Agenda Item 3. To approve the Company’s 2021 Stock Incentive Plan. The votes cast for or against this agenda item, and the number of abstentions, were as follows:
| For | Against | Abstain | |||
| 22,285,826 | 99.92% | 16,410 | 0.07% | 1,825 | 0.1% |
There were 1,644,451 broker non-votes with respect to this agenda item. Broker non-votes and abstentions were counted for purposes of determining the presence or absence of a quorum. Abstentions were deemed to be “votes cast” and had the same effect as a vote against this agenda item. Broker non-votes were not deemed to be “votes cast”, and therefore had no effect on the vote with respect to this proposal.
Agenda Item 4. To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers. The votes cast for or against this agenda item, and the number of abstentions, were as follows:
| For | Against | Abstain | |||
| 22,300,904 | 99.98% | 1,222 | 0.01% | 1,935 | 0.01% |
There were 1,644,451 broker non-votes with respect to this agenda item. Broker non-votes and abstentions were counted for purposes of determining the presence or absence of a quorum. Abstentions were deemed to be “votes cast” and had the same effect as a vote against this agenda item. Broker non-votes were not deemed to be “votes cast”, and therefore had no effect on the vote with respect to this proposal.
Agenda Item 5. To approve, on a non-binding advisory basis, the frequency of executive compensation votes. The votes cast for each of 1 year, 2 years, 3 years, and the number of abstentions, were as follows:
| 1 year | 2 years | 3 years | Abstain | ||||
| 21,914,764 | 98.25% | 342,621 | 1.54% | 106 | 0.00% | 46,570 | 0.21% |
There were 1,644,451 broker non-votes with respect to this agenda item. Broker non-votes and abstentions were counted for purposes of determining the presence or absence of a quorum.
Determination on Frequency of Shareholder Vote on the Compensation of Executives
The Company’s Board of Directors has determined to include on an annual basis a shareholder vote on the compensation of executives in its proxy materials until the next required vote on the frequency of shareholder votes on the compensation of executives.
-3-
SECTION 8 – OTHER EVENTS
| Item 8.01 | Other Events |
On November 22, 2021, the Company’s Board of Directors convened a meeting following the AGM and appointed the following officers:
| Martin Shen | President and Chief Executive Officer; and |
| Yew Hon Lee | Chief Financial Officer, Secretary and Treasurer. |
In addition, on November 23, 2021, the Company issued a news release announcing the results of the AGM. A copy of the news release is attached as Exhibit 99.1 hereto.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit | Description | |
| 99.1 | News Release dated November 23, 2021 |
-4-
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.
FINGERMOTION, INC. | ||
| DATE: November 26, 2021 | By: | /s/ Martin J. Shen |
| Martin J. Shen President and CEO | ||
-5-