Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On June 3, 2020, Gevo, Inc. (the "Company") held its 2020 Annual Meeting of
Stockholders (the "Annual Meeting"), at which the Company's stockholders
approved an amendment and restatement of the Gevo, Inc. Amended and Restated
2010 Stock Incentive Plan (the "2010 Plan"). The 2010 Plan was amended primarily
to (1) increase the number of authorized shares under the 2010 Plan by 3,713,413
shares and (2) to extend the term of the 2010 Plan to June 3, 2020. The 2010
Plan became effective immediately upon stockholder approval at the Annual
Meeting.
A summary of the material terms of the 2010 Plan are set forth in the Company's
definitive proxy statement for the Annual Meeting filed with the Securities and
Exchange Commission on April 20, 2020 (the "Proxy Statement"). The summaries of
the 2010 Plan set forth above and in the Proxy Statement are qualified in their
entirety by reference to the full text of the 2010 Plan, a copy of which is
filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated
herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 3, 2020, the Company held the Annual Meeting in Englewood, Colorado. At
the Annual Meeting, the Company's stockholders voted on, and approved, the
following proposals:
Proposal No. 1 - Election of two Class I directors to hold office until the 2023
Annual Meeting of Stockholders, and until their respective successors have been
duly elected and qualified.
Broker
Nominee: For Withhold Non-Votes
Ruth I. Dreessen 4,350,927 101,743 5,460,529
Patrick R. Gruber 4,312,515 140,155 5,460,529
Proposal No. 2 - Approval, for purposes of the rules of The Nasdaq Stock Market
LLC, the potential issuance of more than 19.99% of the Company's outstanding
common stock upon conversion of, or related to, the Company's 12.0% Convertible
Senior Secured Notes due 2020/2021.
Broker
For Against Abstain Non-Votes
4,095,918 293,851 62,901 5,460,529
Proposal No. 3 - Approval of an amendment and restatement of the Gevo, Inc.
Amended and Restated 2010 Stock Incentive Plan.
Broker
For Against Abstain Non-Votes
3,173,998 1,188,538 90,134 5,460,529
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Proposal No. 4 - Approval of an amendment to the Company's Amended and Restated
Certificate of Incorporation, as amended, to effect a reverse stock split of the
outstanding shares of the Company's common stock, par value $0.01 per share, by
a ratio of not less than one-for-two and not more than one-for-twenty at any
time on or prior to June 3, 2022, with the exact ratio to be set at a whole
number within this range by the Board of Directors of the Company in its sole
discretion.
Broker
For Against Abstain Non-Votes
7,999,473 1,703,549 34,848 -
Proposal No. 5 - Ratification of the appointment of Grant Thornton LLP as the
Company's independent registered public accounting firm for the fiscal year
ending December 31, 2020.
Broker
For Against Abstain Non-Votes
9,264,778 453,323 195,098 -
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
10.1 Gevo, Inc. Amended and Restated 2010 Stock Incentive Plan
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