Global Digital Solutions, Inc. (OTCMKTS:GDSI) 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.
The 2018 Annual Meeting of the stockholders of Global Digital Solutions, Inc., was held on January 31, 2019, in Rancho Cordova, California. Stockholders representing 506,814,742 shares, or 89.45% of the common shares outstanding as of the record date, December 13, 2018, were present in person or were represented at the meeting by proxy.
All proposals received the affirmative vote of a majority of the votes cast and were passed, and the final voting results are included below. Each proposal was determined by a majority of votes cast, except that the advisory votes were nonbinding in nature, and the preferences of the shareholders were determined by the selection receiving the greatest number of votes.
Proposal 1:
As to the election of directors, the number of votes cast in favor of and against each nominee was as follows:
|
Director Nominee Name |
Number of Votes For |
Number of Votes Withheld |
|
William Delgado |
460,903,665.000 |
40,376,684.000 |
Proposal 2:
To approve Turner, Stone & Company, LLP, as our independent registered public accounting firm for the fiscal year ending December 31, 2019, the voting was as follows:
|
Number of Votes For |
Number of Votes Against |
Abstentions |
|
469,491,245.000 |
37,323,497.000 |
0 |
Proposal 3:
To approve an amendment to our Articles of Incorporation to increase our authorized common shares to Two Billion (2,000,000,000) shares from the current Six Hundred Fifty Million (650,000,000) shares. The par value of the common shares will not be changed. The voting was as follows:
|
Number of Votes For |
Number of Votes Against |
Abstentions |
|
437,975,615.000 |
62,208,124.000 |
1,096,610.000 |
Proposal 4:
To approve a Special Litigation Committee, consisting of William Delgado, to investigate the claims and allegations in litigations deriving from the conduct of the Board of Directors and the Officers leading to the Securities and Exchange Commission complaint (the “Litigations”), to evaluate whether the Company should pursue any of the claims asserted in the Litigations, and to prepare such reports, arrive at such decisions, and take such other actions in connection with the Litigations as the Special Litigation Committee in its discretion deems appropriate and in the best interests of the Company and its stockholders, in accordance with New Jersey law. The voting was as follows:
|
Number of Votes For |
Number of Votes Against |
Abstentions |
|
436,145,225.000 |
55,235,124.000 |
9,900,000.000 |
Proposal 5:
To transact such other business as may properly come before the Annual Meeting. The voting was as follows:
|
Number of Votes For |
Number of Votes Against |
Abstentions |
|
467,742,448.000 |
14,920,842.000 |
24,151,452.000 |
About Global Digital Solutions, Inc. (OTCMKTS:GDSI)
Global Digital Solutions, Inc. focuses on the area of cyber arms technology and complementary security and technology solutions. The Company’s subsidiaries are North American Custom Specialty Vehicles, Inc. (NACSV), GDSI Florida, LLC and Global Digital Solutions, LLC. The Company’s NACSV specializes in building mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations. These specialty vehicles include Mobile Command Center, Command and Control, and Incident Command. A mobile command center is a response and recovery vehicle that facilitates an agency’s ability to expand their command and control capabilities to a remote location. For the emergency management agency, the vehicle is an extension of the fixed base emergency operations center. In the law enforcement environment, the vehicle can be utilized for command and control, as well as hostage negotiations and even as a mobile precinct.
