Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On June 16, 2020, The RealReal, Inc. (the "Company") notified Nasdaq that it is
not in compliance with the audit committee composition requirement under Nasdaq
Listing Rule 5605(c)(2)(A) due to one vacancy on the audit committee.
Immediately following the Company's 2020 Annual Meeting of Stockholders (the
"Annual Meeting") held on June 16, 2020, Maha Ibrahim, formerly an audit
committee member, no longer serves on the board of directors. Rob Krolik and
James Miller continue to serve on the audit committee. On June 19, 2020, the
Company received a notice from Nasdaq regarding this non-compliance and
confirming the cure period applicable to the Company. The Company is evaluating
the appropriate composition of its board committees and fully intends to regain
compliance with Rule 5605(c)(2)(A) within the applicable cure period.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 16, 2020, the Company held its Annual Meeting to consider and vote on
the two proposals set forth below, each of which is described in the Company's
definitive proxy statement filed with the U.S. Securities and Exchange
Commission. The final voting results are set forth below.
Proposal 1 - Election of Class I Director
The stockholders elected the person named below as a Class I director to serve a
three-year term ending at the Company's 2023 annual meeting or until his
successor is elected and qualified. The results of such vote were as follows:
Director Nominee For Withhold Broker Non-Votes
Michael Kumin 56,512,371 3,177,009 13,194,451
Proposal 2 - Ratification of Appointment of Independent Registered Public
Accounting Firm
The stockholders ratified the appointment of KPMG LLP as the Company's
independent registered public accounting firm for the fiscal year ending
December 31, 2020. The results of such vote were as follows:
For Against Abstain
72,779,918 61,039 42,874
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