iPower Inc. Stockholders Approve All Proposals at Annual Meeting
Ticker: IPW · Form: 8-K · Filed: May 31, 2024 · CIK: 1830072
| Field | Detail |
|---|---|
| Company | Ipower INC. (IPW) |
| Form Type | 8-K |
| Filed Date | May 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-meeting, corporate-governance, voting
Related Tickers: IPW
TL;DR
iPower Inc. shareholders voted YES on everything at the annual meeting.
AI Summary
On May 30, 2024, iPower Inc. filed an 8-K report to announce the results of its annual meeting of stockholders held on May 29, 2024. The company reported that all proposals presented to the stockholders were approved, including the election of two Class II directors, the ratification of the appointment of its independent registered public accounting firm, and an advisory vote on executive compensation.
Why It Matters
The approval of all proposals, including director elections and executive compensation, indicates shareholder confidence and smooth governance for iPower Inc.
Risk Assessment
Risk Level: low — This filing is routine and reports on the outcome of a shareholder meeting, with no new financial or operational risks introduced.
Key Players & Entities
- iPower Inc. (company) — Registrant
- May 30, 2024 (date) — Date of report
- May 29, 2024 (date) — Date of annual meeting
- Nevada (jurisdiction) — State of incorporation
- Rancho Cucamonga, CA (location) — Principal Executive Offices
FAQ
What was the date of iPower Inc.'s annual meeting of stockholders?
The annual meeting of stockholders of iPower Inc. was held on May 29, 2024.
What type of report did iPower Inc. file on May 30, 2024?
iPower Inc. filed a Form 8-K Current Report.
Were the proposals presented at the annual meeting approved?
Yes, all proposals presented to the stockholders at the annual meeting were approved.
What were some of the key proposals voted on at the meeting?
Key proposals included the election of two Class II directors, the ratification of the appointment of the independent registered public accounting firm, and an advisory vote on executive compensation.
In which state is iPower Inc. incorporated?
iPower Inc. is incorporated in Nevada.
Filing Stats: 710 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-05-31 16:51:32
Key Financial Figures
- $0.001 — ange on which registered Common Stock $0.001 per share IPW The Nasdaq Stock Mark
Filing Documents
- ipower_8k.htm (8-K) — 43KB
- 0001683168-24-003925.txt ( ) — 213KB
- ipw-20240530.xsd (EX-101.SCH) — 3KB
- ipw-20240530_lab.xml (EX-101.LAB) — 33KB
- ipw-20240530_pre.xml (EX-101.PRE) — 22KB
- ipower_8k_htm.xml (XML) — 4KB
07
Item 5.07 Submission of Matters to a Vote of Security Holders. On May 30, 2024, the Company held its 2024 annual meeting of stockholders (the "Annual Meeting"), at which the Company's stockholders considered four proposals, each of which is described in more detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 25, 2024 (the "Proxy Statement"). At the Annual Meeting, there were a total of 29,818,232 votes eligible to be cast and there were a total of 25,039,880 shares voted in person or by proxy, representing 83.97% of the votes eligible to be cast. The final voting results for each matter are set forth in more detail below. 1. Election of Directors. All of the following five nominees were elected to the Company's board of directors, in accordance with the voting results listed below, to serve for a term of one year, until the next annual meeting and until their successors have been duly elected and qualified. Nominee For Against Withheld Broker Non-Votes Chenlong Tan 20,804,929 0 284,809 3,950,142 Kevin Vassily 20,805,915 0 283,823 3,950,142 Bennet Tchaikovsky 20,264,956 0 824,782 3,950,142 Kevin Liles 20,361,721 0 728,017 3,950,142 Hanxi Li 20,359,492 0 730,246 3,950,142 2. Ratification of the Company's Independent Auditors. Stockholders ratified the appointment of UHY LLP as the independent auditor for the fiscal year ending June 30, 2024, in accordance with the voting results below. For Against Abstain Broker Non-Votes 24,596,986 249,793 193,101 – 3. Approval of the Company's Executive Compensation. Stockholders approved (on an advisory basis) the Company's executive compensation. For Against Abstain Broker Non-Votes 20,795,208 34,837 259,693 3,950,142 4. Approval of the amendment to the Company's Sixth Amended and Restated Articles of Incorporation to effect, at the discretion of its board of direct
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. Dated: May 31, 2024 IPOWER, INC. By: /s/ Chenlong Tan Name: Chenlong Tan Title: Chief Executive Officer 3