SUMMER INFANT, INC. (NASDAQ:SUMR) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
On March 5, 2020, Summer Infant, Inc. (the “Company”) held a Special Meeting of Stockholders (the “Special Meeting”) in Woonsocket, Rhode Island. Set forth below are the matters submitted at the Special Meeting by the Board of Directors to a vote of the Company’s stockholders and the final results of the voting for each proposal.
Proposal 1: Approval of the Reverse Stock Split
The adoption of the amendment to the Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split at a ratio between 1-for-3 and 1-for-20 was approved based on the following vote:
| 15,827,308 | 810,019 | 91,631 |
The Special Meeting was not adjourned because Proposal 1 was approved by the affirmative vote of the majority of the shares of common stock entitled to vote at the meeting.
About SUMMER INFANT, INC. (NASDAQ:SUMR)
Summer Infant, Inc. (Summer) is an infant and juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. Its Anchor products in range product categories include monitoring, such as Wireless Fidelity (Wi-Fi)/Internet, video, audio and prenatal; safety, including gates, bath, potties, boosters, super seats, entertainers and infant massage; nursery, such as swaddle, travel accessories, safe sleep and soothers; baby gear, including strollers, bassinets, high chairs and playards, and feeding products, such as bottles, drinking cups, bibs and placemats, electronics and pacifiers. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.
