Comstock Holding Companies, Inc. (NASDAQ:CHCI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 12, 2019, Comstock Holding Companies, Inc. (the “Corporation”) held a special meeting of stockholders (the “2019 Special Meeting”), at which its stockholders approved and adopted the Comstock Holding Companies, Inc. 2019 Omnibus Incentive Plan (the “2019 Plan”) as discussed further under Item 5.07 of this Current Report on Form 8-K. The Corporation’s board of directors previously approved the 2019 Plan on December 12, 2018, subject to stockholder approval. The 2019 Plan replaces the Comstock Homebuilding Companies, Inc. Amended and Restated 2004 Long-Term Incentive Compensation Plan (the “Prior Plan”), and no new awards will be granted under the Prior Plan. A total of 2,500,000 shares of the Corporation’s common stock is authorized for issuance under the 2019 Plan.

The 2019 Plan is described in more detail in the Corporation’s Definitive Proxy Statement on Schedule 14A for the 2019 Special Meeting, which was filed with the Securities and Exchange Commission on January 22, 2019 (the “Proxy Statement”). The foregoing description of the 2019 Plan does not purport to be complete and is qualified in its entirety by reference to the 2019 Plan, a copy of which is attached as Annex B to the Proxy Statement, and is incorporated by reference into this Current Report on Form 8-K.

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As discussed under Item 5.07 of this Current Report on Form 8-K, at the 2019 Special Meeting, the Corporation’s stockholders approved an amendment to the Corporation’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of Class A common stock from 11,038,071 to 59,779,750 and a corresponding increase to the number of authorized shares of capital stock from 31,428,571 to 80,000,000 (the “Amendment”). The Amendment became effective upon filing with the Secretary of State of the State of Delaware on February 15, 2019 (the “Certificate of Amendment”). A copy of the Certificate of Amendment is attached as Exhibit 3.1 hereto and is incorporated by reference into this Current Report on Form 8-K.

On February 15, 2019, the Corporation filed a Certificate of Amendment of Certificate of Designation of Series C Non-Convertible Preferred Stock of Comstock Holding Companies, Inc. (the “Series C Certificate of Amendment”) with the Secretary of State of the State of Delaware. The Series C Certificate of Amendment amended the Certificate of Designation to increase the number of shares of Series C Preferred Stock from 3,000,000 to 4,500,000. A copy of the Series C Certificate of Amendment is attached as Exhibit 3.2 hereto and is incorporated by reference into this Current Report on Form 8-K.

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the 2019 Special Meeting, two proposals were submitted to, and approved by, the Corporation’s stockholders. The proposals are described in more detail in the Proxy Statement. Each holder of our Class B common stock was entitled to fifteen votes per share of Class B common stock and each holder of our Class A common stock was entitled to one vote per share of Class A common stock on all matters submitted to our stockholders for a vote.The final voting results are below.

Proposal 1

The Corporation’s stockholders approved an amendment to the Corporation’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of Class A common stock from 11,038,071 to 59,779,750 and a corresponding increase to the number of authorized shares of capital stock from 31,428,571 to 80,000,000. The voting results are set forth below:

Proposal 2

The Corporation’s stockholders approved the Comstock Holding Companies, Inc. 2019 Omnibus Incentive Plan. The voting results are set forth below:

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Comstock Holding Companies, Inc. Exhibit
EX-3.1 2 chci-ex31_22.htm EX-3.1 chci-ex31_22.htm   Exhibit 3.1       State of Delaware Secretary of  State Division of Corporations Delivered 06:09 PM 02/15/2019 FILED 06:09 PM 02/15/2019SR 20191069293 – File Number 3782748   CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF COMSTOCK HOLDING COMPANIES,…
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