Kura Sushi USA Files 8-K on Shareholder Vote, Emerging Growth Status

TL;DR

**Kura Sushi USA (KRUS) filed an 8-K about a shareholder vote and its emerging growth company status.**

AI Summary

Kura Sushi USA, Inc. filed an 8-K on January 30, 2024, to report that it submitted matters to a vote of security holders on January 25, 2024. This filing also confirms the company's status as an 'emerging growth company' and lists its Class A Common Stock (KRUS) on The Nasdaq Stock Market LLC. For investors, this matters because it signals that important corporate decisions were put to a shareholder vote, which could impact future company direction and transparency, and its emerging growth company status means it benefits from reduced reporting requirements.

Why It Matters

This filing indicates that shareholders had a say in key company matters, which is important for corporate governance and investor confidence. Its 'emerging growth company' status means it operates under fewer regulatory burdens, potentially impacting its operational costs and public disclosures.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure about a shareholder vote and company status, not indicating any immediate financial or operational risks.

Analyst Insight

A smart investor would note the shareholder vote as a sign of active corporate governance and consider the implications of Kura Sushi USA's 'emerging growth company' status on its regulatory compliance and potential for future growth, but this filing alone doesn't warrant immediate action.

Key Players & Entities

• KURA SUSHI USA, INC. (company) — the registrant filing the 8-K
• January 25, 2024 (date) — date of the earliest event reported (submission of matters to a vote)
• January 30, 2024 (date) — date the 8-K was filed
• The Nasdaq Stock Market LLC (company) — exchange where Kura Sushi USA's Class A Common Stock is registered
• 001-39012 (string) — Commission File Number for Kura Sushi USA

FAQ

Key Financial Figures

• $0.001 — tered Class A Common Stock, par value $0.001 per share KRUS The Nasdaq Stock Mar

Filing Documents

• krus-20240125.htm (8-K) — 68KB
• 0000950170-24-008757.txt ( ) — 183KB
• krus-20240125.xsd (EX-101.SCH) — 26KB
• krus-20240125_htm.xml (XML) — 5KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The 2024 Annual Meeting of Stockholders (the "Annual Meeting") of Kura Sushi USA, Inc. (the "Company") was held at the office of the Company at 17461 Derian Avenue, Suite 200, Irvine, CA 92614 on January 25, 2024, at 10:00 a.m. Pacific Time. Stockholders considered two proposals at the meeting, which are described in more detail in the Company's Definitive Proxy Statement on Schedule 14A (the "Proxy Statement") filed with the Securities and Exchange Commission on December 12, 2023. At the beginning of the Annual Meeting, there were 9,444,374 shares of Class A common stock and 1,000,050 shares of Class B common stock present at the Annual Meeting in person or by proxy, which represented 96.5% of the combined voting power of the shares of Class A common stock and Class B common stock entitled to vote at the Annual Meeting (voting together as a single class), and which constituted a quorum for the transaction of business. Holders of the Company's Class A common stock were entitled to one vote for each share held as of the close of business on November 29, 2023 (the "Record Date"), and holders of the Company's Class B common stock were entitled to ten votes for each share held as of the Record Date. The final voting results are reported below. Proposal One : Election of five directors, including Shintaro Asako, Kim Ellis, Seitaro Ishii, Carin L. Stutz and Hajime Uba to serve for a term until the 2025 annual meeting of stockholders. The Company's stockholders elected each of the five nominees for director, and the voting results are set forth below: Name For Against Abstain Broker Non-Votes Shintaro Asako 17,312,020 1,576,489 64,799 491,566 Kim Ellis 17,547,046 1,367,881 38,381 491,566 Seitaro Ishii 17,312,796 1,575,713 64,799 491,566 Carin L. Stutz 17,502,660 1,412,257 38,391 491,566 Hajime Uba 17,631,713 1,256,796 64,799 491,566 Proposa

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. KURA SUSHI USA, INC. Date January 30, 2024 By: /s/ Jeffrey Uttz Name: Jeffrey Uttz Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR