DIGITAL ALLY, INC. (NASDAQ:DGLY) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
The Company held a special meeting of the shareholders (the “Special Meeting”) on Monday, August 14, 2017. There were 4,809,701 shares of common stock represented in person or by proxy at the Special Meeting, constituting 84.7% of the outstanding shares on June 28, 2017, the record date for the Special Meeting, and establishing a quorum. The matters voted upon at the Special Meeting and the results of such voting are set forth below.
Proposal One: Ratification of an Amendment to our Articles of Incorporation. To ratify an amendment to our Articles of Incorporation to increase the number of authorized shares of our capital stock that we may issue from 9,375,000 to 25,000,000 shares, of which all 25,000,000 shares shall be classified as Common Stock.
| Votes For | Votes Against/ Withheld | Abstain | Broker non-votes |
| 3,925,510 | 808,967 | 75,224 | 3,165,436 |
The ratification of the Amendment to our Articles of Incorporation was approved.
Proposal Two: Approval of an Amendment to the 2015 Stock Option Plan and Restricted Stock Plan. To approve an amendment to the 2015 Stock Option and Restricted Stock Plan to increase the number of shares reserved for issuance under the Plan by 500,000.
| Votes For | Votes Against/ Withheld | Abstain |
| 1,304,730 | 306,816 | 32,719 |
The amendment to the 2015 Stock Option and Restricted Stock Plan was approved.
About DIGITAL ALLY, INC. (NASDAQ:DGLY)
Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies. The Company sells its products to law enforcement agencies and other security organizations, consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally.