Item 5.07. Submission of Matters to a Vote of Security Holders.
On
Present at the Special Meeting, via the virtual meeting platform or by proxy,
were holders of 21,605,857 shares of common stock, par value
At the Special Meeting, the Company's stockholders voted on and approved the Business Combination Proposal, the election of each director nominee pursuant to the Director Election Proposal, each of the Nasdaq Proposals, the Stock Incentive Plan Proposal, and each of the separate proposals to approve certain material differences to the Company's charter pursuant to the Charter Amendment Proposals, in each case as defined and described in greater detail in the Proxy Statement and incorporated herein by reference.
The approval of the Business Combination Proposal and the Charter Amendment Proposals each required the affirmative vote of a majority of the issued and outstanding shares of Common Stock as of the Record Date. The approval of the election of each director nominee pursuant to the Director Election Proposal required the affirmative vote of a plurality of the shares of Common Stock cast by the stockholders present via the virtual meeting platform or represented by proxy and entitled to vote thereon at the Special Meeting. The approval of each of the Nasdaq Proposals and the Equity Incentive Plan Proposal required the affirmative vote of the holders of a majority of the shares of Common Stock cast by the stockholders present via the virtual meeting platform or represented by proxy and entitled to vote thereon at the Special Meeting.
The Adjournment Proposal, as defined and described in greater detail in the Proxy Statement, was not presented to the Company's stockholders, as the Business Combination Proposal, the election of each director nominee pursuant to the Director Election Proposal, each of the Nasdaq Proposals, the Stock Incentive Plan Proposal and each of the Charter Amendment Proposals each received a sufficient number of votes required for approval.
Set forth below are the final voting results for the Proposals. Defined terms used but not defined in the Proposals described below have the meanings ascribed to such terms in the Proxy Statement:
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Proposal No. 1 - The Business Combination Proposal. A proposal to adopt and
approve the Business Combination Agreement and to approve the transactions
contemplated thereby, including the plan of arrangement (the "Arrangement")
submitted to (and approved by) the
For Against Abstain 21,374,321 65,379 166,157
Proposal No. 2 - The Director Election Proposal. A proposal to elect six directors to serve on the Company's board of directors following the Business Combination until the next applicable annual meeting of stockholders and until their respective successors are duly elected and qualified. The following is a tabulation of the votes with respect to each of the director nominees, each of whom was elected by the Company's stockholders:
Name For Against Abstain Nancy Armstrong 20,880,907 115,774 609,176 Robert Arsov 20,946,641 80,699 578,517 Paul Cappuccio 20,948,391 88,401 569,065 Ethan Fallang 20,946,902 80,652 578,303 Ryan Milnes 20,942,672 79,529 583,656 Christopher Pavlovski 21,089,323 74,676 441,858
Proposal No. 3 - The Nasdaq Proposals. Separate proposals to approve the following items, for purposes of complying with The Nasdaq Stock Market Listing Rule 5635:
3A. A proposal to issue up to 63,245,836 shares of Class A common stock,
168,956,526 shares of Class C common stock and 106,428,676 shares of Class D
common stock, in each case pursuant to the Business Combination Agreement, and
up to an additional 168,956,526 shares of Class A common stock issuable upon
conversion of exchangeable shares of 1000045728
For Against Abstain 21,037,680 229,714 338,463
3B. A proposal to issue up to 8,500,000 shares of Class A common stock pursuant
to the
For Against Abstain 20,974,279 241,906 389,672
Proposal No. 4 - The Stock Incentive Plan Proposal. A proposal to approve the Stock Incentive Plan of the Company in connection with the Business Combination. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:
For Against Abstain 20,284,042 880,725 441,090
Proposal No. 5 - The Post-Merger Charter Amendment Proposals. Separate proposals to amend and restate the Company's amended and restated certificate of incorporation to adopt the following material differences that will be in effect upon the consummation of Business Combination. The second amended and restated certificate of incorporation is referred to as the "Company Charter."
5A. A proposal to change the name of the Company to "
For Against Abstain 21,202,877 89,878 313,102 2
5B. A proposal to eliminate the the Company Class B common stock, par value
For Against Abstain 21,110,459 103,024 392,374
5C. A proposal to create two new classes of common stock, Class C common stock,
par value
For Against Abstain 20,408,066 724,444 473,347
5D. A proposal to increase the authorized shares of the Company's "blank check" preferred stock and Class A Common Stock. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:
For Against Abstain 20,421,502 796,611 387,744
5E. A proposal to provide that the holders of Class A Common Stock and Class
For Against Abstain 20,295,573 855,980 454,304
5F. A proposal to provide that shares of Class
For Against Abstain 20,974,325 183,799 447,733
5G. A proposal to provide that shares of Class A Common Stock are entitled to
dividends and distributions ratably with other Participating Shares (as defined
in the Company Charter) and that the shares of Class
For Against Abstain 21,049,501 172,022 384,334
5H. A proposal to provide for the mandatory redemption of the Class
For Against Abstain 20,967,291 175,051 463,515 3
5I. A proposal to provide for certain transfer restrictions with respect to the
Class
For Against Abstain 20,973,721 167,268 464,868
5J. A proposal to permit that stockholders can act by written consent to the extent that Qualified Stockholders, together with their "Permitted Transferees" own more than 66.66% of the voting power of the capital stock of the Company. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:
For Against Abstain 20,525,794 649,148 430,915
5K. A proposal to eliminate certain restrictions on business combinations with affiliated parties. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:
For Against Abstain 21,069,080 130,582 406,195
5L. A proposal to approve all other changes, including eliminating certain provisions related to special purpose acquisition corporations that will no longer be relevant following the Closing. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:
For Against Abstain 21,085,454 115,282 405,121 Item 8.01. Other Events.
On
On
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press Release ofCF Acquisition Corp. VI datedSeptember 15, 2022 announcing results of the Special Meeting. 99.2 Press Release ofCF Acquisition Corp. VI datedSeptember 16, 2022 announcing the closing of the Business Combination. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Forward-Looking Statements
This Current Report on Form 8-K contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. Such forward-looking statements include, but
are not limited to, statements regarding the Company's and its management team's
expectations, hopes, beliefs, intentions or strategies regarding the future. The
words "anticipate", "believe", "continue", "could", "estimate", "expect",
"intends", "may", "might", "plan", "possible", "potential", "predict",
"project", "should", "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not mean that a
statement is not forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to assumptions, risks
and uncertainties. These statements are based on various assumptions, whether or
not identified in this Current Report on Form 8-K. These forward-looking
statements are provided for illustrative purposes only and are not intended to
serve as and must not be relied on by an investor as, a guarantee, an assurance,
a prediction or a definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the control of the
Company. Many factors could cause actual future events to differ from the
forward looking-statements in this Current Report on Form 8-K, including but not
limited, to failure to realize the anticipated benefits of the business
combination; the risk that the business combination disrupts current plans and
operations of the Company; costs related to the business combination; the impact
of competitors on the Company's current and future business; unanticipated
costs; the ability to maintain the listing of the Company's stock on Nasdaq,
changes in laws and regulations affecting the Company's business, the ability to
implement business plans, forecasts, and other expectations after the completion
of the business combination, and identify and realize additional opportunities,
risks related to the Company's limited operating history, the rollout of the
Company's business and the timing of expected business milestones, risks related
to the Company's potential inability to achieve or maintain profitability and
generate cash, current and future conditions in the global economy, including as
a result of the impact of the COVID-19 pandemic, and their impact on the
Company, its business and markets in which it operates, the ability of the
Company to retain existing content providers and users and attract new content
providers and customers, the potential inability of the Company to manage growth
effectively, the enforceability of the Company's intellectual property,
including its patents and the potential infringement on the intellectual
property rights of others, the potential for and impact of cyber related
attacks, events or issues effecting the Company, its business and operations,
and the ability to recruit, train and retain qualified personnel. The foregoing
list of factors is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the "Risk Factors"
section of the registration statement on Form S-4, which was filed by the
Company with the
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