Kaival Brands Reports on Shareholder Vote
Ticker: KAVL · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1762239
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
TL;DR
Kaival Brands held a shareholder vote on June 25th, details to follow.
AI Summary
Kaival Brands Innovations Group, Inc. filed an 8-K on June 26, 2024, reporting on a submission of matters to a vote of security holders that occurred on June 25, 2024. The company, previously known as Quick Start Holdings, Inc., is based in Grant-Valkaria, Florida.
Why It Matters
This filing indicates a significant corporate action involving shareholder approval, 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, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- Kaival Brands Innovations Group, Inc. (company) — Registrant
- Quick Start Holdings, Inc. (company) — Former company name
- June 25, 2024 (date) — Date of earliest event reported
- June 26, 2024 (date) — Date of report
FAQ
What specific matters were submitted for a vote of security holders?
The filing states that it is a 'Submission of Matters to a Vote of Security Holders' but does not detail the specific proposals voted upon in the provided text.
When did the shareholder vote take place?
The earliest event reported, which is the date of the shareholder vote, was June 25, 2024.
What is the principal executive office address of Kaival Brands Innovations Group, Inc.?
The principal executive office is located at 4460 Old Dixie Highway, Grant-Valkaria, Florida 32949.
What was Kaival Brands Innovations Group, Inc. formerly known as?
The company was formerly known as Quick Start Holdings, Inc.
What is the SEC file number for Kaival Brands Innovations Group, Inc.?
The SEC file number for the company is 001-40641.
Filing Stats: 704 words · 3 min read · ~2 pages · Grade level 13 · Accepted 2024-06-25 18:40:25
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share KAVL The Nasdaq Stock Mar
Filing Documents
- e5771_8-k.htm (8-K) — 33KB
- 0001731122-24-001020.txt ( ) — 203KB
- kavl-20240625.xsd (EX-101.SCH) — 3KB
- kavl-20240625_lab.xml (EX-101.LAB) — 33KB
- kavl-20240625_pre.xml (EX-101.PRE) — 22KB
- e5771_8-k_htm.xml (XML) — 4KB
07 Submission of
Item 5.07 Submission of Matters to a Vote of Security Holders. On June 25, 2024, Kaival Brands Innovations Group, Inc., a Delaware corporation (the "Company"), held its virtual 2024 Annual Stockholders Meeting (the "Meeting"). As of the close of business on May 2, 2024, the record date for the determination of stockholders entitled to vote at the Meeting, there were 2,863,002 shares of the Company's common stock, par value $0.001 per share, issued and outstanding, with each share entitled to one vote on each proposal at the Meeting. At the Meeting, the combined holders of 2,074,279 shares of the voting stock entitled to notice of and to vote at the Meeting were represented in person or by proxy, representing approximately 72.5% of the outstanding voting shares, and thereby a quorum pursuant to the Delaware General Corporation Law and the bylaws of the Company was present for the transaction of business at the Meeting. The final results for each of the matters considered at the Meeting were as follows: 1. Election of the five nominees to the Board of Directors of the Company : Name Votes For Votes Against Abstained Broker Non-Votes Nirajkumar Patel 1,761,961 9,509 55 302,754 David Worner 1,755,166 16,268 91 302,754 Mark Thoenes 1,763,219 8,213 93 302,754 Ashesh Modi 1,755,021 16,412 92 302,754 Ketankumar Patel 1,752,202 19,231 92 302,754 Each director nominee was elected to serve as a director until the Company's 2025 annual meeting of stockholders, or until such person's successor is duly elected and qualified, or until such person's earlier resignation, death or removal. Due to the fact that directors are elected by a plurality of the votes cast, votes could only be cast in favor of or withheld from the nominees and thus votes against were not applicable. 2. Ratification of the selection of MaloneBailey, LLP as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2024 : Vot
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. Date: June 25, 2024 KAIVAL BRANDS INNOVATIONS GROUP, INC. By: /s/ Nirajkumar Patel Name: Nirajkumar Patel Title: Chief Executive Officer