RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On June 24, 2019, RBT filed with the Secretary of State of California a Certificate of Amendment to increase the authorized number of shares of common stock from 50,000,000 to 100,000,000. The Certificate of Amendment was filed on the basis that Proposal No. 2 described in Item 5.07 below was approved by RBT’s shareholders at the Annual Meeting. The results of the votes cast as reported by an independent third party were incorrectly tabulated and based on the correct tabulation Proposal No. 2 was not approved. On June 28, 2019, RBT filed a Certificate of Correction of the Certificate of Amendment filed with the Secretary of State of California to correct the prior Certificate of Amendment to state that the correct number of authorized shares of common of RBT is 50,000,000.
RBT’s Annual Meeting of Shareholders was held on June 19, 2019. At the Annual Meeting, the shareholders voted on the following proposals and cast their votes as described below.
Each director nominee was elected a director of RBT.
This proposal was not approved.
This proposal was approved.
This proposal was approved.
The shareholders of RBT voted for holding an advisory vote on compensation of RBT’s named executive officers once per year.
This proposal was approved.
About RICEBRAN TECHNOLOGIES (NASDAQ:RIBT)
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products. The Brazil segment consists of the operations of Nutra S.A. LLC subsidiary, whose only operating subsidiary is Industria Riograndens De Oleos Vegetais Ltda. (Irgovel).