false 0001045942 0001045942 2022-04-13 2022-04-13
 
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): April 13, 2022
 
Commission File Number: 0-23153
 
Track Group, Inc.
(Exact name of registrant as specified in its charter.)
 
Delaware
  
87-0543981
(State or other jurisdiction
of incorporation or organization)
  
(IRS Employer
Identification No.)
 
200 E 5th Ave, Suite 100, Naperville, Illinois 60563
(Address of principal executive offices)
 
(877) 260-2010
(Registrant’s Telephone number)
 
Not Applicable
(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 pursuant to Section 12(b) of the Act: None.
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2)
 
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 April 13, 2022, Track Group, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). The matters voted upon at the Annual Meeting and the results of the voting are set forth below:
 
Proposal No. 1 - Election of Directors
 
   
For
  
Withheld
  
Broker Non-Vote
Guy Dubois
  
6,225,241
  
117,098
  
349,940
Karen Macleod
  
6,316,025
  
26,314
  
349,940
Karim Sehnaoui
  
6,285,529
  
56,810
  
349,940
             
The Company’s Directors are elected by a plurality of the votes cast. Stockholders elected Guy Dubois, Karen Macleod and Karim Sehnaoui to serve on the Board of Directors until the 2023 annual meeting of stockholders, or until their successors are elected and qualified.
 
Proposal No. 2 - Advisory Vote to Approve Executive Compensation
 
For
  
Against
  
Abstain
  
Broker Non-Vote
6,223,865
   118,272   202   349,940
             
The vote required to approve this proposal, on an advisory basis, was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, stockholders voted, on an advisory basis, in favor of the compensation paid to the Company’s named executive officers, as disclosed in the Executive Compensation section of the Company’s definitive proxy statement, dated February 24, 2022.
 
Proposal No. 3 - Adoption of the 2022 Omnibus Equity Incentive Plan
 
For
  
Against
  
Abstain
  
Broker Non-Vote
6,235,979   106,354   6   349,940
             
The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, stockholders voted to approve the adoption of the 2022 Omnibus Equity Incentive Plan.
 
Proposal No. 4 - Ratification of Appointment of Auditors
 
For
  
Against
  
Abstain
  
Broker Non-Vote
6,690,133   1,727   419   -
             
The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, stockholders ratified the appointment of Eide Bailly, LLP as the Company’s independent auditors for the fiscal year ending September 30, 2022.
 
For more information about the foregoing proposals, please review the Company’s definitive proxy statement, filed with the Securities and Exchange Commission on February 24, 2022.
 
 
 
 
 
 
 
SIGNATURES
 
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.
 
 
TRACK GROUP, INC.
  
       
Date: April 13, 2022
By:
/s/ Peter K. Poli
  
   
Peter K. Poli
  
   
Chief Financial Officer
  
 
 
 
Track (QB) (USOTC:TRCK)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Track (QB).
Track (QB) (USOTC:TRCK)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Track (QB).