Ominto, Inc. (OTCMKTS:OMNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(e) On June 20, 2017, Ominto, Inc. (we or the Company) held its
annual meeting of stockholders. The meeting commenced at 10:00
a.m., Eastern Standard Time at the Companys offices located at
1515 South Federal Highway, Boca Raton, Florida. In addition to
the election of directors (as further discussed below), the
Companys stockholders approved the Ominto, Inc. 2017 Omnibus
Incentive Plan (the 2017 Plan). The 2017 Plan became effective
immediately upon stockholder approval.
The 2017 Plan is described in Proposal 2 of the Companys annual
proxy statement filed with the Securities and Exchange Commission
on May 18, 2017 (the 2017 Proxy). The foregoing and the
description of the 2017 Plan contained in the 2017 Proxy do not
purport to be complete and are qualified in their entirety by
reference to the full text of the 2017 Plan, a copy of which was
filed as Annex A to the 2017 Proxy and incorporated by reference
herein.
Item 5.07. Submission of Matters to a Vote of Security
Holders.
The certified results of the matters voted upon at the 2017
annual meeting, which are more fully described in the 2017 Proxy,
are set forth below.
The following six (6) nominees for directors were elected to
serve one-year terms:
| Nominee | For | Withheld | ||||||
| Michael Hansen | 13,177,300 | 1,145,808 | ||||||
| Gary S. Baughman | 13,142,223 | 1,180,885 | ||||||
| Gregory J. Newell | 13,179,750 | 1,143,358 | ||||||
| Mitchell C. Hill | 13,179,750 | 1,143,358 | ||||||
| Peter H. Harris | 13,142,223 | 1,180,885 | ||||||
| Jaye Connolly-Labelle | 13,179,750 | 1,143,358 | ||||||
The stockholders approved the 2017 Plan:
| For | Against | Abstain | ||||||||
| 13,134,164 | 1,186,250 | 2,694 | ||||||||
Item8.01. Other Information.
Upon the effectiveness of the 2017 Plan, the Company awarded
stock options to two current directors as follows: (i) Mitch Hill
received an option to purchase up to 150,000 shares of common
stock, in connection with his appointment as Executive Chairman
of the Company on June 20, 2017 and (ii) Gregory Newell received
an option to purchase up to 20,000 shares of common stock, in
connection with his appointment as Chairman of the Companys
Business Development Committee. Both options vest over 36 months,
are exercisable at $7.26 per share and expire on June 20, 2027.
About Ominto, Inc. (OTCMKTS:OMNT)
Ominto, Inc. (Ominto), formerly DubLi, Inc., is engaged in online cash back shopping. The Company’s shopping portal serves customers in approximately 100 countries. Using its consumer-adaptive e-commerce sites, shoppers are linked and can browse third party Websites with different categories of products, which Websites feature, including international and local brands, travel, coupons, discounts and vouchers. The Company offers its product and service lines in the E-Commerce and Memberships segment, which includes business license fees, membership subscription fees and commission income, and advertising and marketing programs. The Company has adapted its Cash Back platform to serve over 10 international markets in approximately 10 languages and currencies. Its Websites feature various regional and international brands, including Amazon.com, Zalando, Groupon and Expedia. Its e-commerce platform allows consumers to shop at online stores and earn cash back with each purchase.
