STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03Material Modification to Rights of Security Holders.
To the extent required by Item 3.03 of Form 8-K, the information contained in Items 5.02 and 5.07 of this Current Report on Form 8-K are incorporated herein by reference.
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |
On May 30, 2018, the stockholders of Staffing 360 Solutions, Inc. (the “Company”), approved an amendment (the “2016 Plan Amendment”) to the Company’s 2016 Omnibus Incentive Plan (the “2016 Plan”). The Company’s Board of Directors adopted the 2016 Plan Amendment to provide an additional 750,000 shares which may be used for awards, for an aggregate of 1,250,000 shares available for awards under the 2016 Plan.
Additional details regarding the 2016 Plan Amendment are included in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 20, 2018 (the “Proxy Statement”), under the heading “Proposal 2 – Approval of an Amendment to the Staffing 360 Solutions, Inc., 2016 Omnibus Incentive Plan.” The foregoing summary is qualified in its entirety by the full text of the 2016 Plan Amendment, a copy of which is set forth as Appendix B to the Proxy Statement and incorporated by reference herein.
Item 5.07Submission of Matters to a Vote of Security Holders.
On May 30, 2018, the Company held its Annual Meeting of Stockholders (the “Annual Meeting”) in New York, New York. At the Annual Meeting, the proposals set forth below were submitted to a vote of the Company’s stockholders. The final voting results are as follows:
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For (% of voted) |
Against (% of voted) |
Abstain |
Broker non-votes |
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1. Elect two Class II directors to serve until the 2020 Annual Meeting of Stockholders and one non-classified director to serve until the 2019 Annual Meeting of Stockholders, or in each case, until their respective successors have been duly elected and qualified. |
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Class II Directors: |
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Jeff Grout |
1,746,318 (80.81%) |
414,465 (19.18%) |
8,829 |
1,056,897 |
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Alicia Barker |
1,778,697 (82.39%) |
380,087 (17.60%) |
10,828 |
1,056,897 |
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Non-Classified Director: |
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Brendan Flood |
1,757,330 (81.29%) |
404,329 (18.70%) |
7,953 |
1,056,897 |
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2. Approve an amendment to the Staffing 360 Solutions, Inc. 2016 Omnibus Incentive Plan |
1,723,167 (80.15%) |
426,682 (19.84%) |
19,763 |
1,056,897 |
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3. Ratify the appointment of BDO USA, LLP as our independent registered public accounting firm for the 2018 fiscal year |
2,990,055 (93.45%) |
209,444 (6.54%) |
27,010 |
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For more information about the foregoing proposals, see the Company’s Proxy Statement filed with the Securities and Exchange Commission on April 20, 2018, the relevant portions of which are incorporated herein by reference. The results reported above are final voting results. No other matters were considered or voted upon at the meeting.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits (furnished only).
About STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF)
Staffing 360 Solutions, Inc. operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.
