SITESTAR CORPORATION (OTCMKTS:SYTE) Files An 8-K Submission of Matters to a Vote of Security Holders

SITESTAR CORPORATION (OTCMKTS:SYTE) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.Submission of Matters to a Vote of Security Holders.

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On May 19, 2018, the Company held its 2018 Annual Meeting of Shareholders. A total of 244,152,887 shares were represented in person or by valid proxy, and the shareholders voted on three proposals. The final results for the votes regarding each proposal are set forth below:

Proposal One

The vote with respect to the amendment of the Company’s Articles of Incorporation to change the name of the Company from Sitestar Corporation to Enterprise Diversified, Inc. is set forth below:

TotalVotes

For

TotalVotes Withheld

Abstentions

Broker

Non-Votes

222,854,490

11,579,692

9,718,705

The amendment of the Company’s Articles of Incorporation to change the name of the Company to Enterprise Diversified, Inc. was approved.

Proposal Two

The vote with respect to the nominees for director is set forth below:

TotalVotes

For

TotalVotes Withheld

Abstentions

Broker

Non-Votes

Jeffery I. Moore

213,337,822

2,975,000

Steven L. Kiel

214,337,722

1,975,100

Jeremy K. Deal

216,291,722

21,100

(Independent)

Jeremy K. Gold

213,342,822

2,970,000

(Independent)

Christopher T. Payne

214,342,822

1,970,000

(Independent)

Keith D. Smith

214,327,822

1,985,000

Each nominee received the required number of votes for re-election to the board of the Company to hold office until the next annual meeting, and until a respective successor is elected and has been qualified, or until such director resigns or is removed from office.

Proposal Three

The vote with respect to the ratification of the appointment of Cherry Bekaert, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2018 is set forth below:

TotalVotes

For

TotalVotes Withheld

Abstentions

Broker

Non-Votes

240,764,474

30,622

3,357,791

Cherry Bekaert, LLP was approved as the Company’s independent registered public accountant for the year ending December 31, 2018.


About SITESTAR CORPORATION (OTCMKTS:SYTE)

Sitestar Corporation, formerly Interfoods Consolidated, Inc., is an Internet service provider (ISP). The Company operates through three segments: Internet, Real estate and Corporate. The Company’s Internet segment provides Internet access to customers throughout the United States and Canada. The Company’s Real estate segment invests in, refurbishes and markets real estate for resale. The Corporate group is the holding company that oversees the operating of the Internet group and arranges financing. The Company offers consumer and business-grade Internet access, wholesale-managed modem services for downstream ISPs, Web hosting, and various ancillary services. The Company owns a real estate investment portfolio that includes residential properties, vacant land and a commercial property. Its real estate portfolio is primarily focused on the Roanoke and Lynchburg areas of Virginia.

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