LIVEXLIVE MEDIA, INC. (NASDAQ: LIVX) 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, LiveXLive Media, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders (the “Annual Meeting”). Below is a summary of the proposals and corresponding vote.
| 1. |
All five nominees were elected to the Company’s Board of Directors with each director receiving votes as follows: |
| Election of Directors |
For |
Withheld |
Broker Non-Vote |
| Robert S. Ellin |
37,757,619 |
665,347 |
1,834,603 |
| Jay Krigsman |
37,402,278 |
1,020,688 |
1,834,603 |
| Craig Foster |
37,402,345 |
1,020,621 |
1,834,603 |
| Tim Spengler |
37,465,702 |
957,264 |
1,834,603 |
| Jerome N. Gold |
37,655,705 |
767,261 |
1,834,603 |
| 2. |
The approval, on a non-binding advisory basis, of the compensation of the named executive officers of the Company as described in the Company’s Proxy Statement for the Annual Meeting (the “Proxy Statement”). The votes on this proposal were as follows: |
| For |
Against |
Abstained |
Broker Non-Vote |
| 37,777,232 |
412,270 |
233,464 |
1,834,603 |
| 3. |
The approval, on a non-binding advisory basis, of the frequency of stockholder advisory vote on the Company’s executive compensation as described in the Proxy Statement. The votes on this proposal were as follows: |
| 3 Years |
2 Years |
1 Year |
Abstained |
Broker Non-Votes |
| 24,987,421 |
43,822 |
12,955,764 |
435,959 |
1,834,603 |
| 4. |
The approval of the issuance of shares of the Company’s common stock upon redemption or conversion of its senior secured convertible debentures issued to certain institutional investors on June29, 2018 in accordance with the terms of such debentures, to the extent required by Nasdaq Listing Rule 5635, as described in the Proxy Statement. The votes on this proposal were as follows: |
| For |
Against |
Abstained |
Broker Non-Vote |
| 38,107,690 |
81,812 |
233,464 |
1,834,603 |
| 5. |
The approval of an amendment to the Company’s 2016 Equity Incentive Plan to increase the number of authorized shares for issuance under such plan by 5million shares. The votes on this proposal were as follows: |
| For |
Against |
Abstained |
Broker Non-Vote |
| 37,783,003 |
406,394 |
233,569 |
1,834,603 |
| 6. |
The ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2019. The votes on this proposal were as follows: |
| For |
Against |
Abstained |
Broker Non-Vote |
| 39,926,118 |
95,619 |
235,832 |
|
No other matters were considered or voted upon at the Annual Meeting.
