QUINPARIO ACQUISITION CORP. 2 (NASDAQ:QPAC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
Present at the special meeting of the stockholders of Quinpario Acquisition Corp. 2 (the “Company”) on July11, 2017 (the “Meeting”) were holders of 28,752,420 shares of the Company’s common stock in person or by proxy, representing 99.67% of the voting power of the shares of the common stock as of May31, 2017, the record date for the Meeting, and constituting a quorum for the transaction of business.
The shareholders of the Company voted on the following items at the meeting:
1. The Business Combination Proposal — to consider and vote upon a proposal to approve and adopt the Business Combination Agreement, dated as of February21, 2017, as amended, by and among the Company, Quinpario Merger Sub I,Inc., Quinpario Merger Sub II,Inc., Novitex Holdings,Inc. (“Novitex”), SourceHOV Holdings,Inc. (“SourceHOV”), Novitex Parent, L.P., HOVS LLC and HandsOn Fund 4 I, LLC. (the “Business Combination”);
2. The Nasdaq Proposal — To consider and vote upon a proposal to approve, for purposes of complying with applicable Nasdaq listing rules, the issuance of more than 20% of the issued and outstanding shares of Quinpario Common Stock in connection with the Business Combination and the PIPE Investment (as defined in the Company’s definitive proxy statement, dated June26, 2017 (the “Proxy Statement”);
The Certificate Proposals — To consider and vote upon five separate proposals to amend the Company’s amended and restated certificate of incorporation (“Charter”) to:
3. Authorize additional shares of capital stock;
4. To provide that certain provisions of the Charter are subject to the Director Nomination Agreements (as defined in the Proxy Statement);
5. To change the name of the Company;
6. To provide that certain transactions are not “corporate opportunities”; and
7. Provide for certain other amendments in connection with the Business Combination;
8. The Adjournment Proposal — to consider and vote upon a proposal to adjourn the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Meeting, there are not sufficient votes to approve one or more proposals presented to stockholders for vote (the “Adjournment Proposal”).
The voting results for each of these proposals are set forth below.
1.Approval of the Business Combination Proposal
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
27,536,975
|
1,210,445
|
5,000
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted the Business Combination Agreement and approved the transactions contemplated thereby, including the Business Combination.
2.Nasdaq Proposal
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
25,771,575
|
1,210,445
|
1,770,400
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted the Nasdaq Proposal.
3.Approval of amendment to the Charter to authorize additional shares of capital stock
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
25,771,575
|
1,210,445
|
1,770,400
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted the amendment to the Charter to authorize additional shares of capital stock.
4.Approval of amendment to the Charter to provide that certain provisions of the Charter are subject to the Director Nomination Agreements
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
25,686,225
|
1,210,445
|
1,855,750
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted the amendment to the Charter to provide that certain provisions of the Charter are subject to the Director Nomination Agreements.
5.Approval of amendment to the Charter to change the name of the Company
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
25,686,225
|
1,210,445
|
1,855,750
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted the amendment to the Charter to change the name of the Company.
6.Approval of amendment to the Charter to provide that certain transactions are not “corporate opportunities”
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
25,686,225
|
1,210,445
|
1,855,750
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted the amendment to the Charter to provide that certain transactions are not “corporate opportunities.”
7.Approval of amendment to the Charter to provide for certain other amendments in connection with the Business Combination
For
|
Against
|
Abstain
|
BrokerNon-Votes
|
25,686,225
|
1,610,445
|
1,445,750
|
96,181
|
Based on the votes set forth above, the shareholders approved and adopted certain other amendments to the Charter in connection with the Business Combination.
With respect to the Adjournment Proposal, although the Adjournment Proposal would have received sufficient votes to be approved, no motion to adjourn was made because the adjournment of the Meeting was determined not to be necessary or appropriate.