Hydrofarm Holdings Group Reports on Shareholder Vote
Ticker: HYFM · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1695295
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
Related Tickers: HYFM
TL;DR
Hydrofarm Holdings Group held a shareholder vote on June 6th, details filed today.
AI Summary
Hydrofarm Holdings Group, Inc. filed an 8-K on June 10, 2024, reporting on matters submitted to a vote of security holders on June 6, 2024. The filing details the company's principal executive offices located at 1510 Main Street, Shoemakersville, PA 19555.
Why It Matters
This filing informs shareholders about important decisions made during a vote, which could impact the company's future direction and governance.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder vote and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Hydrofarm Holdings Group, Inc. (company) — Registrant
- June 6, 2024 (date) — Date of earliest event reported
- June 10, 2024 (date) — Date of report
- 1510 Main Street, Shoemakersville, PA 19555 (location) — Principal Executive Offices
FAQ
What specific matters were submitted to a vote of security holders on June 6, 2024?
The filing states that matters were submitted to a vote of security holders on June 6, 2024, but does not specify the exact proposals in the provided text.
What is the primary business of Hydrofarm Holdings Group, Inc.?
Hydrofarm Holdings Group, Inc. is classified under the Standard Industrial Classification code 5190 for Wholesale - Miscellaneous Nondurable Goods.
Where are Hydrofarm Holdings Group, Inc.'s principal executive offices located?
The principal executive offices are located at 1510 Main Street, Shoemakersville, PA 19555.
What is the SEC file number for Hydrofarm Holdings Group, Inc.?
The SEC file number for Hydrofarm Holdings Group, Inc. is 001-39773.
When was Hydrofarm Holdings Group, Inc. incorporated or organized?
The company was incorporated or organized in Delaware.
Filing Stats: 604 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-06-10 16:13:17
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share HYFM Nasdaq Stock M
Filing Documents
- hyfm-20240606.htm (8-K) — 39KB
- 0001628280-24-027512.txt ( ) — 160KB
- hyfm-20240606.xsd (EX-101.SCH) — 2KB
- hyfm-20240606_lab.xml (EX-101.LAB) — 21KB
- hyfm-20240606_pre.xml (EX-101.PRE) — 12KB
- hyfm-20240606_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Stockholders
Item 5.07 Submission of Matters to a Vote of Stockholders. On June 6, 2024, Hydrofarm Holdings Group, Inc. (the "Company") held its 2024 annual meeting of stockholders (the "Annual Meeting") via live webcast on the Internet. Of the 45,978,365 shares of common stock issued and outstanding and eligible to vote as of the record date of April 10, 2024, a quorum of 27,101,318 shares, or 58.94% of the eligible shares, was present at the Annual Meeting or represented by proxy. The following actions were taken at the Annual Meeting: 1. The following nominees were reelected to serve on the Company's board of directors (the "Board") as Class I Directors until the 2027 annual meeting of stockholders, based on the following vote s: NAME FOR WITHHELD BROKER NON-VOTES Patrick Chung 14,289,106 2,105,225 10,706,987 William Toler 16,051,072 343,259 10,706,987 2. An amendment to the Company's Amended and Restated Certificate of Incorporation to provide the Board the authority, but not the requirement, to effect a reverse stock split of the Company's outstanding common stock at a ratio between 1-for-1.1 and 1-for-25 (or any number in between) was approved based on the following votes: FOR AGAINST ABSTAIN 25,226,557 1,722,499 152,262 3. The compensation of the Company's named executive officers was approved on an advisory basis, based on the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 15,420,220 876,236 97,875 10,706,987 4. The appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified, based on the following votes: FOR AGAINST ABSTAIN 26,782,935 279,214 39,169
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. Hydrofarm Holdings Group, Inc. Date: June 10, 2024 By: /s/ William Toler Name: William Toler Title: Chief Executive Officer