FC Global Realty Incorporated (OTCMKTS: FCRE) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On November 29, 2018, FC Global Realty Incorporated (OTC Pink: FCRE; TASE: FCRE, the “Company”) convened its Annual Meeting of Stockholders, at which six proposals were put to the stockholders, all of which were then approved by the stockholders. The results of the voting were as follows:
| 1. | To approve the transactions contemplated by that certain remediation agreement, dated September 24, 2018, among the Company, Opportunity Fund I-SS, LLC, Dr. Dolev Rafaeli, Dennis M. McGrath and Yoav Ben-Dror (the “Remediation Agreement), including the issuance of shares of the Company’s common stock upon the conversion of shares of preferred stock that have been issued thereunder. |
| FOR | AGAINST | ABSTAINED |
| 1,147,659 | 43,600 | 1,147,571 |
| 2. | To authorize the Company’s Board of Directors, in its discretion, to implement one or more reverse stock splits of the shares of the Company’s common stock at an exchange ratio of not less than 1-for-2 and not more than 1-for-15 at any time prior to the Company’s 2019 annual meeting of stockholders by filing an amendment to the Company’s Amended and Restated Articles of Incorporation. |
| FOR | AGAINST | ABSTAINED |
| 3,060,907 | 275,200 | 370,768 |
| 3. | To adopt the FC Global Realty Incorporated 2018 Equity Incentive Plan (the “Plan”) to provide for long-term incentives in the form of grants of stock, stock options and other forms of incentive compensation to officers, employees, directors and consultants. |
| FOR | AGAINST | ABSTAINED |
| 2,051,675 | 37,064 | 250,091 |
| 4. | To elect five (5) director nominees to the Company’s Board of Directors to serve until the next annual meeting of the Company’s stockholders or until their successors are elected and qualify, subject to their prior death, resignation or removal. |
| Candidate | Votes For | Votes Withheld |
| Richard Leider | 2,048,352 | 290,478 |
| Dennis M. McGrath | 2,033,181 | 305,649 |
| Kristen E. Pigman | 2,048,946 | 289,884 |
| Dr. Dolev Rafaeli | 2,032,181 | 306,649 |
| Michael R. Stewart | 2,046,914 | 291,916 |
| 5. | To ratify the appointment of Fahn Kanne & Co. Grant Thornton Israel to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2018. |
| FOR | AGAINST | ABSTAINED |
| 3,265,854 | 45,668 | 395,353 |
| 6. | To approve the adjournment of the annual meeting for any purpose, including to solicit additional proxies if there are insufficient votes at the time of the annual meeting to approve the proposals described above. |
| FOR | AGAINST | ABSTAINED |
| 3,117,930 | 193,840 | 395,105 |
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
The following exhibits are filed herewith:
| Exhibit No. | Description of Exhibit |
| 10.1 | Remediation Agreement, dated September 24, 2018, by and among First Capital Real Estate Trust Incorporated, Opportunity Fund I-SS, LLC, Dolev Rafaeli, Dennis M. McGrath, and Yoav Ben-Dror (incorporated by reference to Exhibit 10.7 to the Company’s Current Report on Form 8-K filed on September 26, 2018) |
| 10.2 | 2018 Equity Incentive Plan (incorporated by reference to Annex D to the Company’s Definitive Proxy Statement filed on October 24, 2018) |
