A.K.A. Brands Files 8-K: Officer Changes & Shareholder Votes
Ticker: AKA · Form: 8-K · Filed: May 28, 2024 · CIK: 1865107
| Field | Detail |
|---|---|
| Company | A.K.A. Brands Holding CORP. (AKA) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, shareholder-vote
Related Tickers: AKA
TL;DR
AKA Brands filed an 8-K detailing director/officer changes and upcoming shareholder votes.
AI Summary
A.K.A. Brands Holding Corp. filed an 8-K on May 28, 2024, reporting events as of May 22, 2024. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. It also includes the submission of matters to a vote of security holders and financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate governance changes and potential shareholder actions, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with votes by security holders, can signal shifts in company strategy or internal stability, warranting closer attention.
Key Players & Entities
- A.K.A. Brands Holding Corp. (company) — Registrant
- May 22, 2024 (date) — Earliest event reported
- May 28, 2024 (date) — Date of report
FAQ
What specific items were voted on by security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not provided in the excerpt.
Who are the departing directors or officers?
The filing states that there was a departure of directors or certain officers, but the names of these individuals are not specified in the provided text.
Who are the newly appointed officers or elected directors?
The filing mentions the election of directors and appointment of certain officers, but their identities are not detailed in the excerpt.
What is the nature of the compensatory arrangements discussed?
The filing notes compensatory arrangements of certain officers, but the specifics of these arrangements are not elaborated upon in the provided text.
Are there any financial statements or exhibits included with this filing?
Yes, the filing explicitly states that 'Financial Statements and Exhibits' are part of the report.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-05-28 16:10:05
Key Financial Figures
- $0.001 — ch registered: Common Stock, par value $0.001 per share AKA New York Stock Exchange
Filing Documents
- aka-20240522.htm (8-K) — 40KB
- exhibit101-amendmentno2.htm (EX-10.1) — 10KB
- 0001865107-24-000055.txt ( ) — 180KB
- aka-20240522.xsd (EX-101.SCH) — 2KB
- aka-20240522_lab.xml (EX-101.LAB) — 23KB
- aka-20240522_pre.xml (EX-101.PRE) — 13KB
- aka-20240522_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As described under Item 5.07 below, an amendment to the a.k.a. Brands Holding Corp. 2021 Omnibus Incentive Plan, as amended, to increase the number of shares authorized for issuance thereunder by 1,100,000 shares (the "Amendment") was approved by the shareholders of a.k.a. Brands Holding Corp. (the "Company") and became effective on May 22, 2024. The material terms of the Amendment are summarized on pages 27 through 35 of the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 24, 2024, which description is incorporated herein by reference. The description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
07
Item 5.07 Submission of Matters to a Vote of Security Holders. On May 22, 2024, the Company held its annual meeting of shareholders (the "Annual Meeting"). A total of 10,241,135 shares, or 97.69% of the total shares entitled to vote, were represented at the Annual Meeting. The final voting results for each matter submitted to a vote of shareholders at the Annual Meeting are as follows: 1. The following nominees were elected to the Company's board of directors for terms ending at the 2027 annual meeting of shareholders: For Withheld Broker Non-Votes Myles McCormick 9,804,820 182,476 253,839 Jill Ramsey 8,673,462 1,313,834 253,839 2. The Amendment was approved: For: 7,811,950 Against: 2,175,194 Abstain: 152 Broker Non-Votes: 253,839 3. The appointment of PricewaterhouseCoopers LLP, a Delaware limited partnership, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified: For: 10,078,605 Against: 3,154 Abstain: 159,376
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 2 to the a.k.a. Brands Holding Corp. 2021 Omnibus Incentive Plan 104 Cover page interactive data file (embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. a.k.a. Brands Holding Corp. Date: May 28, 2024 By: /s/ Ciaran Long Name: Ciaran Long Title: Interim Chief Executive Officer and Chief Financial Officer