SPORTS FIELD HOLDINGS, INC. (OTCMKTS:SFHI) 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.
On December 6, 2016, Sports Field Holdings, Inc. (the Company)
held a special meeting of stockholders (the Special Meeting).
Greater than 50% of the shares of common stock outstanding and
entitled to vote at the Special Meeting were present in person or
by proxy thereby constituting a quorum.
The matters that were voted upon at the Special Meeting, and the
number of votes cast for or against/withheld, as well as the
number of abstentions and broker non-votes, as to such matters,
where applicable, are set forth in the table below.
|Number of Votes|
|Votes For||Votes Against/ Withheld||Abstentions||Broker Non-Votes|
|To approve the Reverse Stock Split (defined below)||8,552,215||56,827||150,000||–|
|To approve the Sports Field Incentive Plan (defined below)||8,191,835||464,047||100,000||–|
On the basis of the above votes, (i) an amendment to the Companys
Articles of Incorporation to effect a reverse stock split of the
Companys issued and outstanding common stock in a range of not
less than 1-for-5 and not more than 1-for-25, with the exact
ratio to be determined by the Board in its discretion (the
Reverse Stock Split), was adopted; and (ii) the Sports Field
Holdings 2016IncentiveStock Option Plan (the Sports Field
Incentive Plan) was adopted.
About SPORTS FIELD HOLDINGS, INC. (OTCMKTS:SFHI)
SPORTS FIELD HOLDINGS, INC. (OTCMKTS:SFHI) Recent Trading Information
SPORTS FIELD HOLDINGS, INC. (OTCMKTS:SFHI) closed its last trading session 00.000 at 0.250 with shares trading hands.