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
Date of report (Date of earliest event reported): December 20, 2024
GD Culture Group Limited
(Exact name of Company as specified in charter)
| Nevada | | 001-37513 | | 47-3709051 |
(State or other jurisdiction
of incorporation) | | (Commission File No.) | | (IRS Employer
Identification No.) |
22F - 810 Seventh Avenue,
New York, NY 10019
(Address of Principal Executive Offices) (Zip code)
+1-347-2590292
(Company’s Telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General Instruction A.2. below):
| ☐ | 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© under the Exchange Act (17 CFR 240.13©(c)) |
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. ☐
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, par value $0.0001 | | GDC | | Nasdaq Capital Market |
Item 5.07 Submission of Matters to a Vote of Security Holders.
On December 20, 2024, GD Culture Group Limited (the “Company”) held its 2024 annual meeting of stockholders (the “Annual Meeting”) at 22F - 810 Seventh Avenue, New York, NY 10019. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 5,412,037 shares of the common stock, representing approximately 49% of the 11,167,294 shares of common stock issued and outstanding as of the record date of November 18, 2024, and therefore constituting a quorum. At the Annual Meeting, the following proposals were voted on:
1. Election of the following persons as Directors of the Company.
| | | FOR | | | WITHHOLD | | | Broker
Non-Vote | |
| Xiao Jian Wang | | | 3,654,238 | | | | 3,966 | | | | 1,753,833 | |
| Zihao Zhao | | | 3,654,238 | | | | 3,966 | | | | 1,753,833 | |
| Lei Zhang | | | 3,654,188 | | | | 4,016 | | | | 1,753,833 | |
| Yun Zhong | | | 3,654,198 | | | | 4,006 | | | | 1,753,833 | |
| Shuaiheng Zhang | | | 3,654,198 | | | | 4,006 | | | | 1,753,833 | |
Accordingly, Xiao Jian Wang, Zihao Zhao, Lei Zhang, Yun Zhong, and Shuaiheng Zhang has been elected as Directors of the Company.
2. Ratification of HTL International, LLC to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024.
| FOR | | AGAINST | | ABSTAIN |
| 5,385,803 | | 22,427 | | 3,807 |
Accordingly, HTL International, LLC has been ratified to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024.
3. Approval, by non-binding advisory vote, of the resolution approving named executive officer compensation.
| FOR | | AGAINST | | ABSTAIN | | Broker Non-Vote |
| 3,633,423 | | 12,060 | | 12,721 | | 1,753,833 |
Accordingly, the resolution approving named executive officer compensation has been approved by non-binding advisory vote.
4. Approval, by non-advisory vote, of the frequency of future non-binding advisory votes on resolutions approving future named executive officer compensation.
| 3 YEARS | | 2 YEARS | | 1 YEAR | | ABSTAIN | | Broker Non-Vote |
| 3,630,413 | | 1,610 | | 11,800 | | 14,381 | | 1,753,833 |
Accordingly, a three-year frequency has been approved for future non-binding advisory votes on resolutions approving future named executive officer compensation.
5. Authorization to adjourn the Annual Meeting if necessary or appropriate, including to solicit additional proxies in the event that there are not sufficient votes at the time of the Annual Meeting or adjournment or postponement thereof to approve any of the foregoing proposals.
| FOR | | AGAINST | | ABSTAIN |
| 5,342,540 | | 67,192 | | 2,305 |
Accordingly, adjournment of the Annual Meeting has been authorized if necessary or appropriate, including to solicit additional proxies in the event that there are not sufficient votes at the time of the Annual Meeting or adjournment or postponement thereof to approve any of the foregoing proposals.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Index
| Exhibit No. | | Description |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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, thereunto duly authorized.
| Date: December 26, 2024 | GD Culture Group Limited |
| | | |
| | By: | /s/ Xiao Jian Wang |
| | Name: | Xiao Jian Wang |
| | Title: | Chief Executive Officer, President and
Chairman of the Board |
