GAIA, INC. Changes Fiscal Year End, Sets Annual Meeting Date
Ticker: GAIA · Form: 8-K · Filed: May 21, 2024 · CIK: 1089872
| Field | Detail |
|---|---|
| Company | Gaia, INC (GAIA) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: fiscal-year-change, annual-meeting, corporate-governance
TL;DR
GAIA changed its fiscal year to March 31, effective next year. Annual meeting July 18.
AI Summary
On May 20, 2024, GAIA, INC. filed an 8-K report detailing a change in its fiscal year end from December 31 to March 31. This change will be effective for the fiscal year ending March 31, 2025. The company also announced that its annual meeting of stockholders will be held on July 18, 2024, where shareholders will vote on the election of directors and other business matters.
Why It Matters
This change in fiscal year end could impact financial reporting timelines and investor analysis. The upcoming annual meeting provides shareholders an opportunity to influence company governance.
Risk Assessment
Risk Level: low — The filing primarily concerns administrative changes to the fiscal year and the scheduling of an annual meeting, with no immediate financial distress or significant operational shifts indicated.
Key Numbers
- March 31 — New Fiscal Year End (Effective for the fiscal year ending March 31, 2025.)
- July 18, 2024 — Annual Meeting Date (Shareholders will vote on director elections and other matters.)
Key Players & Entities
- GAIA, INC. (company) — Registrant
- March 31, 2025 (date) — New fiscal year end
- July 18, 2024 (date) — Annual meeting date
- December 31 (date) — Previous fiscal year end
FAQ
What is the new fiscal year end for GAIA, INC.?
GAIA, INC.'s new fiscal year end will be March 31, effective for the fiscal year ending March 31, 2025.
When is GAIA, INC.'s annual meeting of stockholders scheduled?
The annual meeting of stockholders is scheduled for July 18, 2024.
What was GAIA, INC.'s previous fiscal year end?
GAIA, INC.'s previous fiscal year end was December 31.
What is the purpose of the annual meeting of stockholders?
The purpose of the annual meeting is for shareholders to vote on the election of directors and other business matters.
What is the effective date of the fiscal year change?
The change in fiscal year end will be effective for the fiscal year ending March 31, 2025.
Filing Stats: 691 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-05-20 18:12:51
Filing Documents
- ef20029550_8k.htm (8-K) — 41KB
- ef20029550_3-1.htm (EX-3.1) — 2KB
- graphic01.jpg (GRAPHIC) — 266KB
- graphic02.jpg (GRAPHIC) — 73KB
- graphic03.jpg (GRAPHIC) — 100KB
- 0001140361-24-026918.txt ( ) — 784KB
- gaia-20240520.xsd (EX-101.SCH) — 4KB
- gaia-20240520_lab.xml (EX-101.LAB) — 22KB
- gaia-20240520_pre.xml (EX-101.PRE) — 16KB
- ef20029550_8k_htm.xml (XML) — 4KB
03
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As described under Item 5.07 below, Gaia, Inc. (the "Company") held its 2024 annual meeting of shareholders (the "Annual Meeting") on May 20, 2024. At the Annual Meeting, upon the recommendation of the board of directors of the Company, the Company's shareholders approved an amendment to the Company's Amended and Restated Articles of Incorporation to prevent the Company from transferring more than 20% of its assets or 20% of its outstanding shares within a consecutive 3 year period without prior approval of shareholders representing a majority of votes of the shares of Class A common stock and of Class B common stock, acting together as one class (the "Articles Amendment"). To effectuate the Articles Amendment, on May 20, 2024, the Company filed with the Secretary of State of Colorado the Articles of Amendment, a copy of which is filed herewith as Exhibit 3.1 and incorporated herein by reference.
07
Item 5.07. Submission of Matters to a Vote of Security Holders At the Annual Meeting, the shareholders of the Company voted on two proposals as described below. 1. The Company's shareholders elected six directors, each to serve until the 2025 annual meeting of shareholders, or until his or her successor has been duly elected and qualified, subject to earlier resignation or removal. Each nominee for director was elected by a vote of the shareholders as follows: Director Nominee Votes For Votes Withheld Broker Non-Votes James Colquhoun 59,700,346 2,819,667 – Kristin Frank 59,608,600 2,911,413 – Keyur Patel 59,671,829 2,848,184 – Jirka Rysavy 59,638,080 2,881,933 – Paul Sutherland 59,272,500 3,247,513 – Anaal Udaybabu 59,671,834 2,848,179 – 2. The Company's shareholders voted to approve the Articles Amendment, as disclosed in the Company's 2024 Proxy Statement, by a vote of the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 62,417,201 78,441 24,371 –
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 3.1 Articles of Amendment to the Amended and Restated Articles of Incorporation of Gaia, Inc., effective May 20, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL).
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. Gaia, Inc. May 21, 2024 /s/ Ned Preston Name: Ned Preston Title: Chief Financial Officer