KORE Group Holdings Reports on Security Holder Vote

TL;DR

KORE Group Holdings held a shareholder vote on June 12th, outcomes pending.

AI Summary

KORE Group Holdings, Inc. filed an 8-K on June 14, 2024, reporting on a meeting of security holders held on June 12, 2024. The filing indicates that matters were submitted to a vote of security holders, though the specific outcomes of the vote are not detailed in this initial report.

Why It Matters

This filing signals that KORE Group Holdings, Inc. has conducted a vote among its security holders, which could lead to significant corporate actions or changes.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a security holder meeting and vote, with no immediate negative financial or operational implications indicated.

Key Players & Entities

• KORE Group Holdings, Inc. (company) — Registrant
• June 12, 2024 (date) — Date of earliest event reported
• June 14, 2024 (date) — Date of report filing
• 3 Ravinia Drive NE, Suite 500 Atlanta, GA 30346 (address) — Registrant's principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common stock, $0.0001 par value per share KORE New York Stock

Filing Documents

• kore-20240612.htm (8-K) — 37KB
• 0001855457-24-000057.txt ( ) — 165KB
• kore-20240612.xsd (EX-101.SCH) — 2KB
• kore-20240612_lab.xml (EX-101.LAB) — 23KB
• kore-20240612_pre.xml (EX-101.PRE) — 13KB
• kore-20240612_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 12, 2024, KORE Group Holdings, Inc. ("KORE" or the "Company") held its virtual Annual Meeting of Stockholders (the "2024 Annual Meeting"). At the close of business on April 16, 2024, the record date for the 2024 Annual Meeting, an aggregate of 83,196,842 shares of the Company's common stock were outstanding and entitled to vote. At the 2024 Annual Meeting, 50,085,477 shares of common stock were represented virtually or by proxy; therefore, a quorum was present. At the 2024 Annual Meeting, the Company's stockholders voted as follows: Proposal 1: For the election of the below-named two Class III directors to serve until the 2027 annual meeting of stockholders to be held in 2027, and until their respective successors have been duly elected and qualified: Director For Against Abstained/Withheld Broker Non-votes Robert P. MacInnis 38,393,003 5,740,430 59,439 5,892,605 Jay M. Grossman 39,794,959 4,337,774 60,139 5,892,605 The Company's other continuing directors, Timothy M. Donahue, Cheemin Bo-Linn, James Geisler, Michael K. Palmer, H. Paulett Eberhart, James Geisler, Andrew Frey, and David Fuller, did not stand for election at the 2024 Annual Meeting. The term of the other continuing directors currently serving in Class I, Messrs. Donahue, Geisler, and Frey and Dr. Bo-Linn, will expire at the 2025 annual meeting of shareholders. The term of the continuing directors currently serving in Class II, Messrs. Palmer and Fuller and Ms. Eberhart, will expire at the Company's 2026 annual meeting of stockholders. Proposal 2: For the approval of an amendment to the Amended and Restated Certificate of Incorporation of the Company to effect, at the discretion of the Company's Board of Directors (the "Board"), a reverse stock split of the Company's common stock (the "Common Stock") at a ratio in the range of 1-for-4 to 1-for-10 (or any whole number in between), with such ratio to be determined at

View Full Filing

View this 8-K filing on SEC EDGAR