TimefireVR Inc. (OTCMKTS:TFVR) 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.
(b)
As disclosed in TimefireVR Inc. (the “Company”)’s current report on Form 8-K (the “Original 8-K”) filed on November 30, 2018, the Company adjourned the Annual Meeting of stockholders until December 6, 2018, to hold a vote on proposal 3.
The number of votes cast for or against/withheld for proposal 3, as well as the number of abstentions is set forth below.
Proposal 3:The Company’s shareholders voted not to approve an amendment to the Company’s Articles of Incorporation to effect a proposed reverse stock split as set forth below:
| Ratio | Votes For | Votes Against | Abstain | Broker Non-Votes |
| 1-for-30 | 100,748,041 | 108,597,511 | 1,018,323 | 299,989 |
| 1-for-400 | 90,814,920 | 118,758,399 | 790,555 | 299,990 |
| Any ratio in between 1-for-30 and 1-for-400 | 92,069,181 | 117,971,917 | 322,777 | 299,989 |
The Original 8-K erroneously reported 938,975 shares as cast for 3 years in Proposal 6 which should have been recorded as cast for 2 years. The correct proportions for Proposal 6 are below:
Proposal 6: Proposal to vote, on a non-binding advisory basis, whether a non-binding advisory vote on the Company’s named executive officer compensation should be held every one, two or three years.
The Company’s shareholders voted to hold a non-binding advisory vote on named executive compensation every three yearsas set forth below:
| 1 year | 2 years | 3 years | Abstain | Broker Non-Votes |
| 15,774,301 | 10,000,442 | 57,337,677 | 1,984,146 | 125,567,298 |
(d)
As reported above, the Company’s shareholders approved, on an advisory basis, “three years” as the frequency for holding an advisory vote on the compensation of the Company’s named executive officers. Consistent with the recommendation of the Board of Directors of the Company as set forth in the Company’s proxy statement filed with the SEC on October 23, 2018 and the vote of the Company’s shareholders on proposal 6 at the Annual Meeting, the Company intends to hold the advisory vote on the compensation of the Company’s named executive officers every three years. The Company intends to continue holding such votes every three years until the next required vote on the frequency of the advisory vote on the compensation of the Company’s named executive officers.
About TimefireVR Inc. (OTCMKTS:TFVR)
TimefireVR Inc., formerly EnergyTek Corp., is a software company. The Company’s primary line of business is within the virtual reality industry. The Company is a game development studio, which offers virtual reality platform to a world of entertainment, social media, commerce, cultural immersion, and entertainment for interactive experiential learning. The Company is engaged in creating its primary product, Hypatia. Hypatia, the Company’s virtual reality global city in development for over two years, combines entertainment, social media, cultural immersion, and gaming acting as a framework for cultural exploration. The Company focuses on creating an immersive space in the field of arts, education and social interaction designed to offer an approach to learning that is accessible to all the people. Its virtual reality platform enables users to chat through text or audio with friends and family, and shop, watch videos, concerts and plays.
