Ideal Power Inc. Files 8-K on Shareholder Vote Matters

TL;DR

Ideal Power Inc. (IPWR) filed an 8-K for shareholder vote matters. Keep an eye on outcomes.

AI Summary

Ideal Power Inc. filed an 8-K on June 21, 2024, reporting on matters submitted to a vote of security holders as of June 20, 2024. The filing details the company's corporate structure, including its state of incorporation (Delaware) and principal executive offices in Austin, Texas.

Why It Matters

This filing informs investors about significant corporate actions or decisions that have been put to a vote by Ideal Power Inc.'s shareholders, which could impact the company's future direction.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure regarding shareholder votes and does not indicate immediate financial distress or significant operational changes.

Key Numbers

• 001-36216 — SEC File Number (Identifies the company's filing with the SEC.)
• 14-1999058 — IRS Employee Identification No. (Company's tax identification number.)

Key Players & Entities

• Ideal Power Inc. (company) — Registrant
• June 20, 2024 (date) — Date of earliest event reported
• June 21, 2024 (date) — Filing date
• Austin, Texas (location) — Principal Executive Offices
• Delaware (location) — State of incorporation

FAQ

Filing Documents

• ipwr20240620_8k.htm (8-K) — 33KB
• 0001437749-24-020953.txt ( ) — 162KB
• ipwr-20240620.xsd (EX-101.SCH) — 3KB
• ipwr-20240620_def.xml (EX-101.DEF) — 11KB
• ipwr-20240620_lab.xml (EX-101.LAB) — 15KB
• ipwr-20240620_pre.xml (EX-101.PRE) — 11KB
• ipwr20240620_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. On June 20, 2024, Ideal Power Inc. (the "Company") held its 2024 Annual Meeting of Stockholders as a virtual meeting online via live audio webcast (the "Annual Meeting"). At the Annual Meeting, there were 4,896,402 shares of common stock represented to vote either in person or by proxy, or 63.74% of the outstanding shares entitled to vote, which represented a quorum. The Company's stockholders voted on, and approved, the following proposals at the Annual Meeting: Proposal 1 — Election of five directors to serve until the 2025 annual meeting of stockholders and until their respective successors are elected and qualified. Nominee: For Withheld Broker Non- Votes R. Daniel Brdar 2,390,007 7,895 2,498,500 Drue Freeman 1,487,050 910,852 2,498,500 Gregory Knight 2,367,333 30,569 2,498,500 Ted Lesster 2,367,834 30,068 2,498,500 Michael C. Turmelle 2,390,655 7,247 2,498,500 Proposal 2 — Ratification of the appointment of BPM LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31,2024. For Against Abstain 4,878,069 2,743 15,590 Proposal 3 — Approval, on a non-binding, advisory basis, the compensation of the Company's named executive officers. For Against Abstain Broker Non-Votes 2,237,634 154,844 5,424 2,498,500

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 21, 2024 IDEAL POWER INC. By: /s/ Timothy Burns Timothy Burns Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR