TERRA TECH CORP. (OTCMKTS:TRTC) 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 September 23, 2019, Terra Tech Corp. (the “Company”) held its Annual Meeting of Stockholders (the “Meeting”).
Stockholders Entitled to Vote
Stockholders of record of the Company at the close of business on August 6, 2019 (the “Record Date”) were entitled to vote at the Meeting. On that date, 109,990,255 shares of common stock, par value $0.001 per share, of the Company (the “Common Stock”) were outstanding and entitled to vote. Also on that date, 12 shares of Series A Preferred Stock, par value $0.001 per share, of the Company (the “Series A Preferred Stock”) were outstanding and entitled to vote.
Number of Votes
Common Stock: For vote tabulation purposes at the Meeting, each share of Common Stock is entitled to one vote at the Meeting. Collectively, the holders of Common Stock are entitled to 109,990,255 votes at the Meeting.
Series A Preferred Stock: For vote tabulation purposes at the Meeting, each share of Series A Preferred Stock is entitled to one vote for each share of Common Stock into which a share of Series A Preferred Stock is convertible. Accordingly, each share of Series A Preferred Stock is entitled to one vote at the Meeting. Collectively, the holders of Series A Preferred Stock are entitled to 12 votes at the Meeting.
A total of 11,425,062 shares of Common Stock were present in person or represented by proxy and entitled to vote at the Meeting, constituting a quorum. The following proposals were voted on at the Meeting, as described in greater detail in our Definitive Schedule 14A Proxy Statement filed with the Securities and Exchange Commission on August 13, 2019:
Proposal 1 – Election of Directors. Our stockholders duly elected Derek Peterson, Alan Gladstone, Michael Nahass and Steven Ross by a plurality of the voting power of Common Stock present in person or represented by proxy at the Meeting and entitled to vote. The results of the voting were as follows:
Proposal 3 – Approval of Terra Tech Corp. 2018 Equity Incentive Plan. Our stockholders approved the Terra Tech Corp. 2018 Equity Incentive Plan. The results of the voting were as follows:
Proposal 4 – Approval of Terra Tech Corp. Amended and Restated 2018 Equity Incentive Plan. Our stockholders approved Terra Tech Corp. Amended and Restated 2018 Equity Incentive Plan. The results of the voting were as follows:
About TERRA TECH CORP. (OTCMKTS:TRTC)
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp. (Edible Garden). It intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada through its subsidiaries, MediFarm, LLC (MediFarm), MediFarm I, LLC (MediFarm I) and MediFarm II, LLC (MediFarm II). Through its subsidiary, IVXX, Inc. (IVXX), it produces and sells a line of cannabis flowers and cigarettes, among others. The hydroponic produce segment consists of Edible Garden’s business and operations. Its cannabis products segment consists of IVXX’s business, as well as the proposed business operations of MediFarm, MediFarm I and MediFarm II.
