AQUA METALS, INC. (NASDAQ:AQMS) Files An 8-K Submission of Matters to a Vote of Security Holders

AQUA METALS, INC. (NASDAQ:AQMS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters To a Vote of Security Holders

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We held an annual meeting of stockholders on June 12, 2018, for purposes of:

  • Electing six directors, each to serve until our 2019 Annual Meeting of Stockholders; and
  • Ratifying the appointment ofArmanino LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2018.

All of the persons nominated to serve on our board of directors, namely S. Shariq Yosufzai, Vincent DiVito, Mark Slade, Mark Stevenson, Eric Prouty, and Sushil “Sam” Kapoor, were elected to our board of directors, with shares voted as follows:

Sharesvotedfor Shares withheld
S. Shariq Yosufzai 10,803,845 52,017
Vincent DiVito 9,044,247 1,811,615
Mark Slade 9,052,559 1,803,303
Mark Stevenson 10,077,024 778,838
Eric Prouty 10,731,504 124,358
Sushil “Sam” Kapoor 10,805,400 50,462

In addition, our shareholders ratified the appointment ofArmanino LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2018, with shares voted as follows:

Sharesvotedfor 23,245,815
Shares against 80,741
Shares abstaining 1,077,080

There were 13,547,774 broker non-votes in the election of directors.

On May 2, 2018, we entered into a definitive settlement agreement with David L. Kanen and Kanen Wealth Management, LLC with respect to the solicitation of proxies by the Kanen in opposition to the election of the director-candidates nominated by our board of directors for election at our 2018 annual meeting of stockholders. As a result of the settlement agreement, Kanen terminated its opposition solicitation and withdrew its nomination of opposition director candidates previously submitted to us. The background of the proxy contest and the terms of the settlement agreement are described in our definitive proxy statement filed with the Securities and Exchange Commission on May 7, 2018.


About AQUA METALS, INC. (NASDAQ:AQMS)

Aqua Metals, Inc. is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters. Its AquaRefining process begins with the crushing of used LABs and the separation of the metallic lead, active material (lead compounds), sulfuric acid and plastic for recycling. The active material is dissolved in its solvent. The primary lead is then stripped from the solvent using its automated process allowing the solvent to be reused continuously and indefinitely. Its AquaRefining process generates over three outputs, such as lead; cleaned plastic chips, recovered from battery casings, and sulfuric acid. The Company has not generated revenues.

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