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): June 25, 2021

 

Stem Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Nevada   000-55751   61-1794883

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

 

2201 NW Corporate Blvd, Suite 205

Boca Raton, FL 33431

  33431
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (561) 237-2931

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of exchange on which registered
Common Stock par value $0.001   STMH   OTCQX

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant 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(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

   
     

 

TABLE OF CONTENTS

 

Item 5.07 Item 5.07 Submission of Matters to a Vote of Security Holders
   
Item 9.01 Financial Statements and Exhibits
   
SIGNATURES

 

   
     

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

Stem Holdings, Inc. (the “Company”) held its 2021 Annual Meeting of Shareholders on June 25, 2021. There were 220,351,263 outstanding shares eligible to vote as of the record date for the 2021 Annual Meeting and 142,921,596 shares were present either in person or by proxy at the meeting (which represented 64.86% of the issued and outstanding shares eligible to vote). At the meeting, the following actions were taken:

 

(i) The Company’s shareholders elected eight directors to the Company’s Board of Directors for terms expiring at the Annual Meeting in the year 2022. The directors elected, as well as the number of votes cast for and votes withheld for each individual are set forth below:

 

Nominee   Votes For     % Voted For     Withheld     % Withheld  
                         
Adam Berk     114,543,233       93.74 %     7,646,695       6.26 %
Steve Hubbard     108,186,501       88.54 %     14,003,427       11.46 %
Garrett M. Bender     118,186,501       96.70 %     4,033,137       3.30 %
Lindy Snider     92,957,565       76.08 %     29,232,363       23.92 %
Dennis Suskind     113,017,096       92.49 %     9,172,832       7.51 %
Salvador Villanueva     81,048,034       66.33 %     41,141,894       33.67 %
Brian Hayek     90,045,577       73.69 %     21,144,351       26.31 %
Robert L. B. Diener     92,738,915       75.90 %     29,451,013       24.10 %

 

(ii) The Company’s shareholders approved a proposal to amend the Company’s Articles of Incorporation to increase the number of authorized common shares from 300,000,000 shares to 750,000,000 shares, with the following votes:

 

    Amount  
Votes for approval:     101,346,890  
Votes against:     40,701,750  
% Voted for approval     71.34 %
% Voted against approval:     28.65 %
Abstentions:     872,956  
% Abstentions:     0.6 %

 

   
     

 

(iii) The Company’s shareholders approved a proposal to authorize a reverse split of the Company’s outstanding Common Shares, at the discretion of the Board of Directors within a range of one (1) post-split common share for each two (2) pre-split common shares outstanding on the record date and ten (10) pre-split common share, with the following votes:

 

    Amount  
Votes for approval:     102,360,870  
Votes against:     39,011,014  
% Voted for approval     72.40 %
% Voted against approval:     27.59 %
Abstentions:     1,549,712  
% Abstentions:     1.16 %

 

(iv) The Company’s shareholders approved a proposal to authorize a change of name of the Company to Driven by Stem, Inc., with the following votes:

 

    Amount  
Votes for approval:     138,508,078  
Votes against:     3,475,365  
% Voted for approval     97.55 %
% Voted against approval:     2.44 %
Abstentions:     938,153  
% Abstentions:     0.6 %

 

(v) The Company’s shareholders approved a proposal to ratify the Audit Committee’s appointment of LJ Soldinger LLC as the Company’s independent registered public accounting firm for the year ending September 30, 2021, with the following votes:

 

    Amount  
Votes for approval:     136,896,783  
Votes against:     5,158,273  
% Voted for approval     96.36 %
% Voted against approval:     3.63 %
Abstentions:     866,540  
% Abstentions:     0.6 %

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

None.

 

   
     

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Stem Holdings, Inc.  
   
By: /s/ Adam Berk  
Name: Adam Berk  
Title: President  

 

Dated: June 28, 2021

 

   

 

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