Form 8-K - Current report
29 Diciembre 2023 - 3:05PM
Edgar (US Regulatory)
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0001316517
2023-12-27
2023-12-27
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 27, 2023
KANDI TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-33997 |
|
90-0363723
|
(State of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification)
|
Jinhua New Energy Vehicle Town
Jinhua, Zhejiang Province
People’s
Republic of China
Post
Code 321016
(Address
of principal executive offices)
(86-579)
8223-9700
Registrant’s
telephone number, including area code
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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock |
|
KNDI |
|
NASDAQ Global Select Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.07 Submission of Matters to a Vote of Security Holders.
On
December 27, 2023, Kandi Technologies Group, Inc., a Delaware corporation (the “Company”) held its Annual Meeting of Shareholders
for the fiscal year ended December 31, 2022 (the “Annual Meeting”). Holders of 82,382,089 shares of the Company’s common
stock were present in person or by proxy at the Annual Meeting, representing 94.13% of the total outstanding shares of common stock and
therefore constituting a quorum of more than a majority of the shares outstanding and entitled to vote at the Annual Meeting as of the
record date of November 6, 2023. The final voting result for each matter submitted to a vote of shareholders at the meeting are as follows.
Except for proposal 3 below, broker Non-votes are not counted.
Proposal
1: Approval of the Merger Agreement and the Plan of Merger
Votes
of a majority of the total issued and outstanding shares of the Company’s common stock in favor of the proposal is required to
approve the merger agreement and plan of merger, to merge with and into Kandi Technologies Group, Inc., a company incorporated
under the laws of the British Virgin Islands and a wholly owned subsidiary of the Company (“Kandi BVI”), with Kandi BVI as
the surviving company upon the merger becoming effective, and whereby each issued and outstanding share of the common stock of the Company
will be converted into the right to receive one ordinary share of Kandi BVI. Broker Non-votes of 32,849,052 shares are not counted. The
Company obtained sufficient votes to pass this proposal.
| |
FOR | | |
AGAINST | | |
ABSTAIN | |
TOTAL SHARES VOTED | |
| 44,227,116 | | |
| 5,169,869 | | |
| 136,052 | |
Proposal
2: Election of Directors
The
following seven individuals were elected as the Board of Directors of the Company to serve as directors until the next Annual Meeting
of Shareholders or until their successors have been duly elected and qualified. Broker Non-votes of 32,849,052 shares are not counted.
| |
FOR | | |
WITHHELD | |
HU XIAOMING | |
| 48,457,599 | | |
| 1,075,438 | |
DONG XUEQIN | |
| 48,764,450 | | |
| 768,587 | |
WANG LIN | |
| 48,656,165 | | |
| 876,872 | |
CHEN LIMING | |
| 48,078,254 | | |
| 1,454,783 | |
LIN YI | |
| 47,766,229 | | |
| 1,766,808 | |
JERRY LEWIN | |
| 47,753,237 | | |
| 1,959,800 | |
HENRY YU | |
| 48,115,310 | | |
| 1,417,727 | |
Proposal
3: Ratification of the appointment of ARK Pro CPA & Co. as Independent Auditor
The
shareholders ratified the appointment of ARK Pro CPA & Co. as the Company’s independent auditor for the fiscal year ending
December 31, 2023. Broker Non-votes of 32,849,052 shares are counted.
| |
FOR | | |
AGAINST | | |
ABSTAIN | |
TOTAL SHARES VOTED | |
| 80,512,703 | | |
| 1,349,157 | | |
| 520,229 | |
Proposal
4: An Amendment to the Certificate of Incorporation
Votes
of a majority of the total issued and outstanding shares of the Company’s common stock in favor of the proposal is required to
approve an amendment to the Company’s Certificate of Incorporation, as amended, to increase the number of authorized shares of
the Company’s common stock from one hundred million (100,000,000) shares of common stock to three hundred million (300,000,000)
shares of common stock, and to correspondingly increase the number of authorized shares of preferred stock from ten million (10,000,000)
shares to thirty million (30,000,000). Broker Non-votes of 32,849,052 shares are not counted. The Company obtained sufficient votes to
pass this proposal.
| |
FOR | | |
AGAINST | | |
ABSTAIN | |
TOTAL SHARES VOTED | |
| 44,694,810 | | |
| 4,665,473 | | |
| 172,754 | |
Proposal
5: Advisory Vote on Compensation of Named Executive Officers
The
shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers. Broker Non-votes of 32,849,052
shares are not counted.
| |
FOR | | |
AGAINST | | |
ABSTAIN | |
TOTAL SHARES VOTED | |
| 48,045,973 | | |
| 1,086,842 | | |
| 400,222 | |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
KANDI TECHNOLOGIES GROUP, INC. |
|
|
Date: December 29, 2023 |
By: |
/s/
Dong Xueqin |
|
Name: |
Dong Xueqin |
|
Title: |
President and Chief Executive Officer |
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