AgriFORCE Growing Systems Files Definitive Proxy Statement

TL;DR

AGRI proxy statement filed, shareholders vote soon.

AI Summary

AgriFORCE Growing Systems Ltd. filed a definitive proxy statement (DEF 14A) on August 20, 2024, for the fiscal year ending December 31, 2023. The filing, related to the 1934 Securities Exchange Act, concerns the company's proxy materials and does not require a filing fee. The company's principal executive offices are located at 800-525 West 8th Avenue, Vancouver, BC, V5Z 1C6.

Why It Matters

This filing is crucial for shareholders as it outlines important information regarding upcoming shareholder meetings, voting procedures, and company governance, directly impacting their ability to influence corporate decisions.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new material financial information or strategic changes that would inherently increase risk.

Key Numbers

• 1934 Act — SEC Act (Governing legislation for the filing)

Key Players & Entities

• AGRIFORCE GROWING SYSTEMS LTD. (company) — Registrant
• 0001493152-24-033207 (filing_id) — Accession Number
• 20240820 (date) — Filing Date
• 800-525 WEST 8TH AVENUE, VANCOUVER, BC, V5Z 1C6 (address) — Company Business Address

FAQ

Filing Documents

• formdef14a.htm (DEF 14A) — 762KB
• 0001493152-24-033207.txt ( ) — 763KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 AgriFORCE Growing Systems Ltd. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration (3) Filing Party: (4) Date Filed: AgriFORCE Growing Systems Ltd. 800-525 West 8th Avenue Vancouver, BC, Canada V5Z 1C6 August 19, 2023 To the Shareholders of AgriFORCE Growing Systems, Ltd.: You are cordially invited to attend the Annual Meeting of Shareholders (the “Annual Meeting”) of AgriFORCE Growing Systems, Ltd., a British Columbia corporation (the “Company”), to be held at 11:00 AM Pacific time on September 23, 2024, at 800-525 West 8th Avenue, Vancouver, BC, Canada V5Z 1C6. At the Annual Meeting, Shareholders will be asked to consider and vote upon the following proposals: 1. Approve the election of five directors for a one year term expiring in 2025. 2. The ratification of the appointment of Marcum LLP, as the Company’s independent registered certified public accountant for the fiscal year ended December 31, 2024. 3. To approve a reverse split of the Company’s issued and outstanding common shares in a ratio of 1:15 to 1:100. 4. Approval of the Company’s 2024 Equity Incentive Plan 5 . To transact such other business as may be properly brought before the 2024 Annual Meeting and any adjournments thereof. In addition, shareholders will receive and consider the financial statements for the Company’s fiscal year ended December 31, 2023, the report of the Company’s auditor thereon, and the related management discussion and analysis. 2 THE BOARD OF DIRECTORS OF THE COMPANY UNANIMOUSLY RECOMMENDS A VOTE “FOR” APPROVAL OF THE ABOVE FOUR PROPOSALS. Pursuant to the provisions of the Company’s articles, the board of directors of the Company (the “Board”) has fixed the close of business on August 14, 2024 as the record date for determining the shareholders of the Company entitled to notice of, and to vote at, the Annual Meeting or any adjournment thereof. Accordingly, only shareholders of record at the close of business on August 14, 2024 are entitled to notice of, and shall be entitled to vote at, the Annual Meeting or any postponement or adjournment thereof. Shareholders who intend to attend the meeting via teleconference or video conference must submit votes by Proxy ahead of the proxy deadline of 9:00 a.m. (Pacific Time) on September 20, 2024 . Please review in detail the attached notice and proxy statement for a more complete statement of matters to be considered at the Annual Meeting. Your vote is very important to us regardless of the number of shares you own. Whether or not you are able to attend the Annual Meeting in person, please read the proxy statement and promptly vote your proxy via the internet, by telephone or, if you received a printed form of proxy in the mail, by completing, dating, signing and returning the enclosed proxy in order to assure representation of your shares at the Annual Meeting. Granting a proxy will not limit your right to vote in person if you wish to attend the Annual Meeting and vote in person. By Order of the Board of Directors: /s/ David Welch David Welch, Chairman of the Board of Directors 3 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS The 2024 Annual Meeting of shareholders (the “Annual Meeting”) of AgriFORCE Growing Systems, Ltd. (the “Company”) will be held 11:00 AM Pacific time on Monday, September 23, 2024, at the Company’s principa

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View this DEF 14A filing on SEC EDGAR