Local Bounti Corporation/DE false 0001840780 0001840780 2023-06-20 2023-06-20 0001840780 locl:CommonStockParValueOf0.0001PerShare2Member 2023-06-20 2023-06-20 0001840780 locl:WarrantsExercisableForOneShareOfCommonStockFor149.50PerShare1Member 2023-06-20 2023-06-20

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): June 20, 2023

 

 

LOCAL BOUNTI CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-40125   98-1584830
(State or Other Jurisdiction
of Incorporation)		  

(Commission

File Number)

   (IRS Employer
Identification No.)

400 W. Main St.

Hamilton, MT 59840

(Address of Principal Executive Offices, including Zip Code)

Registrant’s telephone number, including area code: (800) 640-4016

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

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:

 

☐

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 or to be registered pursuant to Section 12(b) of the Act.

 

Title of each class

  

Trading
Symbol

  

Name of each exchange
on which registered

Common Stock, par value of $0.0001 per share   LOCL   New York Stock Exchange
Warrants, exercisable for one share of Common Stock for $149.50 per share   LOCL WS   New York Stock Exchange

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.

Local Bounti Corporation (“Local Bounti” or “our”) held its 2023 annual meeting of stockholders on June 20, 2023. As of the annual meeting record date of April 21, 2023, there were 105,398,944 shares of common stock outstanding and entitled to vote at the annual meeting, 69.16% of which were present via live webcast or by proxy at the annual meeting, constituting a quorum to conduct business.

At the annual meeting, stockholders voted on the following matters:

 

1.

Stockholders elected two Class II directors to our Board of Directors to serve for three years and until their successors are elected and qualified or until their earlier resignation or removal, based on the following votes:

 

Nominee

    Edward C. Forst      Mark J. Nelson  

For

      44,323,963        43,422,931  

Against

      —          —    

Withheld

      8,208,261        9,109,293  

Broker Non-Votes

      20,368,112        20,368,112  

 

2.

Stockholders ratified the appointment of WithumSmith+Brown, PC as our independent registered public accounting firm for the year ending December 31, 2023, based on the following votes:

 

For

      71,255,214  

Against

      1,580,734  

Abstain

      64,388  

Broker Non-Votes

      —    

 

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.

 

Date: June 23, 2023   Local Bounti Corporation
    By:  

/s/ Kathleen Valiasek

    Name:   Kathleen Valiasek
    Title:   Chief Financial Officer
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