Item 5.07 Submission of Matters to a Vote of Security Holders
On January 11, 2022, Digital Ally, Inc. (the "Company") held a special meeting
of its stockholders (the "Special Meeting"). Set forth below are the two
proposals that were voted on at the Special Meeting and the stockholder votes on
each such proposal, as certified by the inspector of elections for the Special
Meeting. These proposals are described in further detail in the Definitive Proxy
Statement on Schedule 14A that the Company filed with the U.S. Securities and
Exchange Commission on October 22, 2021.
As of the close of business on October 21, 2021, the record date for the Special
Meeting, there were an aggregate of 51,983,209 shares of the Company's common
stock, par value $0.001 per share ("Common Stock"), issued, outstanding and
entitled to vote (the "Voting Stock"). Stockholders holding an aggregate of
31,400,147 shares of Voting Stock were present at the Special Meeting, in person
or represented by proxy, which number constituted a quorum.
Proposal 1 - To approve an amendment to the Company's Articles of Incorporation,
as amended, to increase the number of authorized shares of the Company's capital
stock that the Company may issue from 100,000,000 shares to 300,000,000 shares,
of which all 300,000,000 shares shall be classified as Common Stock ("Proposal
No. 1"). The Company's stockholders did not approve Proposal No. 1. The voting
results were as follows
For Against Abstain
17,218,320 13,826,690 355,137
Proposal 2 - To approve an adjournment of the Special Meeting, if necessary or
appropriate, to solicit additional proxies ("Proposal No. 2"). The Company's
stockholders did not approve Proposal No. 2. The voting results were as follows:
For Against Abstain
19,027,821 11,617,076 755,250
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