YOUNGEVITY INTERNATIONAL, INC. (OTCMKTS:YGYI) 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 January 9, 2019, stockholders of Youngevity International, Inc (the “Company”) holding in excess of a majority of the Company’s voting securities approved an amendment to the 2012 Stock Option Plan (the “Amendment”) to increase the number of shares available for issuance thereunder from 4,000,000 shares of common stock to 9,000,000 shares of common stock. The Amendment will not be effective until the 20th day following the mailing of a definitive information statement to the Company’s stockholders regarding the Amendment.
Item 9.01Financial Statements and Exhibits.
The following exhibits are filed with this Current Report on Form 8-K:
Second Amended and Restated 2012 Stock Option Plan (incorporated by reference to the Company’s Current Report on Form 8-K File No. 001-38116 filed with the SEC on January 11, 2019).
About YOUNGEVITY INTERNATIONAL, INC. (OTCMKTS:YGYI)
Youngevity International, Inc. is an e-commerce company. The Company operates through two segments: the direct selling segment where products are offered through a global distribution network of customers and distributors, and the commercial coffee segment where products are sold directly to businesses. The Company offers over 2,500 products to support a healthy lifestyle. All of these products, which are sold through its direct selling network, are categorized into over 11 sub-product lines. In the direct selling segment, the Company sells health and wellness, beauty product and skin care, scrap booking and story booking items, and packaged food products on a global basis, and offers a range of products through an international direct selling network. The Company is engaged in the commercial sale of coffee through its subsidiary CLR Roasters, LLC (CLR) and its subsidiary. Its brands include Cafe La Rica, Javalution Daily Grind, Javalution Royal Roast, SOZO Global and Integris.