BAB, Inc. Files 8-K on Shareholder Vote Matters
Ticker: BABB · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1123596
| Field | Detail |
|---|---|
| Company | Bab, Inc. (BABB) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, filing
TL;DR
BAB, Inc. filed an 8-K for shareholder vote matters. Keep an eye on developments.
AI Summary
On June 21, 2024, BAB, Inc. filed an 8-K form to report on the submission of matters to a vote of security holders. The filing details the company's corporate structure, including its state of incorporation (Delaware) and its IRS Employer Identification Number (36-4389547). The report also lists the company's principal executive offices located at 500 Lake Cook Road, Suite 475, Deerfield, IL 60015.
Why It Matters
This filing indicates that BAB, Inc. is engaging in a process that requires shareholder approval, which could lead to significant corporate actions or changes.
Risk Assessment
Risk Level: low — The filing is a routine procedural disclosure and does not contain information about specific financial risks or negative events.
Key Players & Entities
- BAB, Inc. (company) — Filer
- Delaware (jurisdiction) — State of incorporation
- 36-4389547 (identifier) — IRS Employer Identification Number
- 500 Lake Cook Road, Suite 475, Deerfield, IL 60015 (address) — Principal executive offices
FAQ
What specific matters are being submitted to a vote of security holders?
The filing does not specify the exact matters to be voted on, only that the 8-K is being filed in relation to the submission of such matters.
When was the decision made to submit these matters for a vote?
The filing indicates the report date is June 21, 2024, and the date as of change is also June 21, 2024, suggesting the matters were prepared for submission around this time.
What is the primary business of BAB, Inc.?
BAB, Inc. is classified under the Standard Industrial Classification code 5812, which corresponds to 'RETAIL-EATING PLACES'.
What is the fiscal year end for BAB, Inc.?
The fiscal year end for BAB, Inc. is November 30 (1130).
Has BAB, Inc. had previous names?
Yes, the company was formerly known as BAB INC, with a date of name change on September 12, 2000.
Filing Stats: 505 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-24 15:45:11
Filing Documents
- babs20240624_8k.htm (8-K) — 38KB
- 0001437749-24-021078.txt ( ) — 163KB
- babb-20240621.xsd (EX-101.SCH) — 3KB
- babb-20240621_def.xml (EX-101.DEF) — 11KB
- babb-20240621_lab.xml (EX-101.LAB) — 14KB
- babb-20240621_pre.xml (EX-101.PRE) — 11KB
- babs20240624_8k_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders The annual meeting of shareholders of BAB, Inc. was held on Friday, June 21, 2024. The shareholders voted, either in person or by proxy on the following proposals, with the final result of the shareholder vote as follows: 1. To elect four Directors to serve for a one-year term expiring when their successors are elected and qualified at the annual meeting in 2025. Votes For Votes Withheld Broker Non-Votes 01 Michael Evans 3,424,641 533,504 1,094,345 02 Steven Feldman 3,436,141 522,004 1,094,345 03 James Lentz 3,436,141 522,004 1,094,345 04 Michael Murtaugh 3,397,625 560,520 1,094,345 2. To act upon a proposal to ratify the appointment of Sassetti LLC as independent auditors of the Company for the fiscal year ending November 30, 2024. Votes For Against Abstain Broker Non-Votes 5,028,609 21,128 2,753 - 3. To provide, on an advisory basis, approval on the compensation of the Company's Named Executive Officers. Votes For Against Abstain Broker Non-Votes 3,856,317 42,030 59,798 1,094,345 4. To provide, on an advisory basis, a recommendation to select a frequency of future advisory votes on executive compensation. 1 Year 2 Year 3 Year Abstain 1,613,764 119,385 2,196,303 28,693 The Company will include a proposal to provide, on an advisory basis, approval of the compensation of the Company's Named Executive Officers every three years, following the nonbinding frequency recommendation of the shareholders.
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. BAB, Inc. (Registrant) By: /s/ Michael W. Evans Michael W. Evans, Chief Executive Officer Date: June 21, 2024