KUSH BOTTLES, INC. (OTCMKTS:KSHB) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
On May 8, 2018, Kush Bottles, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on the following proposals:
(i) the election of five director nominees for a one-year term, such term to continue until the Company’s annual meeting of stockholders in 2019 or until such directors’ successors are duly elected and qualified or until their earlier resignation or removal;
(ii) the ratification of the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2018;
(iii) the approval of an amendment to the Company’s 2016 Stock Incentive Plan to increase the maximum number of shares authorized for issuance thereunder by 10,000,000 shares;
(iv) the approval of an amendment to the Company’s Articles of Incorporation to change the Company’s name to KushCo Holdings, Inc.; and
(v) the approval of an amendment and restatement of the Company’s Articles of Incorporation to add provisions relating to limitation of directors’ and officers’ liability and indemnification of directors, officers and other persons and to make certain other ministerial changes.
The voting results are reported below.
Proposal 1 – Election of Directors
Eric Baum, Barbara Goodstein, Donald Hunter, Dallas Imbimbo and Nicholas Kovacevich were elected as directors for a one-year term, such term to continue until the annual meeting of stockholders in 2019 or until such directors’ successors are duly elected and qualified or until their earlier resignation or removal. The results of the election were as follows:
| Name | VotesFor | VotesAgainst | Votes Abstained | Broker Non-Votes |
| Eric Baum | 35,942,280 | 56,777 | 77,296 | 18,396,859 |
| Barbara Goodstein | 35,933,073 | 64,644 | 78,636 | 18,396,859 |
| Donald Hunter | 35,935,544 | 49,119 | 91,690 | 18,396,859 |
| Dallas Imbimbo | 35,882,060 | 116,785 | 77,508 | 18,396,859 |
| Nicholas Kovacevich | 35,952,533 | 56,351 | 67,469 | 18,396,859 |
Proposal 2 – Ratification of the Appointment of RBSM LLP
The appointment of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2018 was ratified. There were no broker non-votes on this proposal. The results of the vote were as follows:
| Votes For | VotesAgainst | VotesAbstained |
| 53,992,729 | 187,398 | 293,085 |
Proposal 3 – Approval of Amendment to 2016 Stock Incentive Plan
The amendment to the Company’s 2016 Stock Incentive Plan to increase the maximum number of shares authorized for issuance thereunder by 10,000,000 shares was approved. The results of the vote were as follows:
| Votes For | VotesAgainst | VotesAbstained | Broker Non-Votes |
| 34,713,648 | 1,289,273 | 73,432 | 18,396,859 |
Proposal 4 – Approval of Amendment to Articles of Incorporation to Change Name
The amendment to the Company’s Articles of Incorporation to change the Company’s name to KushCo Holdings, Inc. was approved. There were no broker non-votes on this proposal. The results of the vote were as follows:
| Votes For | VotesAgainst | VotesAbstained |
| 53,956,146 | 264,206 | 252,860 |
Proposal 5 – Approval of Amendment and Restatement of Articles of Incorporation
The amendment and restatement of the Company’s Articles of Incorporation to add provisions relating to limitation of directors’ and officers’ liability and indemnification of directors, officers and other persons and to make certain other ministerial changes was approved. The results of the vote were as follows:
| Votes For | VotesAgainst | VotesAbstained | Broker Non-Votes |
| 35,549,175 | 409,504 | 117,674 | 18,396,859 |
About KUSH BOTTLES, INC. (OTCMKTS:KSHB)
Kush Bottles, Inc. markets and sells packaging products and solutions to customers operating in the regulated medical and recreational cannabis industries. The Company specializes in the wholesale distribution of packaging supplies and customized branding solutions for the cannabis industry. Its packaging business primarily consists of bottles, bags, tubes, and containers. It offers labeling and customization capabilities to its customers’ packaging design processes. Its products are utilized by local urban farmers, green house growers, and medical and recreational cannabis dispensaries. It sells primarily into the business-to-business market, which includes legally operating medical and adult-use dispensaries, growers, and marijuana infused product (MIP) producers in states with marijuana programs. It provides packaging solutions in the form of a bag. It provides smaller sized containers composed of either polystyrene, silicone-lined polystyrene or glass.