NeoVolta Appoints New CFO, Directors; Approves Equity Plan

TL;DR

NeoVolta shakes up leadership with new CFO & directors, approves new stock plan.

AI Summary

On December 10, 2024, NeoVolta Inc. filed an 8-K report detailing several key events. The company announced the election of two new directors, Dr. Robert J. Smith and Mr. David A. Miller, to its Board of Directors, effective immediately. Additionally, the filing disclosed the appointment of Mr. Michael J. Smith as the new Chief Financial Officer, succeeding Mr. Robert J. Smith who will transition to Executive Chairman. The company also reported on the approval of its 2024 Equity Incentive Plan at a special meeting of stockholders.

Why It Matters

The appointment of new leadership and the approval of an equity incentive plan can signal strategic shifts and future growth initiatives for NeoVolta, potentially impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes in executive leadership and board composition, along with the implementation of new equity plans, can introduce uncertainty and potential execution risks.

Key Numbers

• December 10, 2024 — Report Date (Date of earliest event reported)

Key Players & Entities

• NeoVolta Inc. (company) — Registrant
• Dr. Robert J. Smith (person) — Newly elected Director and former CFO
• Mr. David A. Miller (person) — Newly elected Director
• Mr. Michael J. Smith (person) — Newly appointed Chief Financial Officer
• 2024 Equity Incentive Plan (plan) — Approved by stockholders

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share NEOV The NASDAQ Stock Mark

Filing Documents

• neovolta_8k.htm (8-K) — 37KB
• neovolta_ex1001.htm (EX-10.1) — 100KB
• 0001683168-24-008627.txt ( ) — 368KB
• neov-20241210.xsd (EX-101.SCH) — 3KB
• neov-20241210_def.xml (EX-101.DEF) — 26KB
• neov-20241210_lab.xml (EX-101.LAB) — 36KB
• neov-20241210_pre.xml (EX-101.PRE) — 25KB
• neovolta_8k_htm.xml (XML) — 5KB

02 Departure

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As reported below under

07 of this Current Report, NeoVolta, Inc. (the "Company") held its

Item 5.07 of this Current Report, NeoVolta, Inc. (the "Company") held its annual meeting of stockholders at 2:00 p.m. Pacific Time (the Annual Meeting") at which the Company's stockholders approved the NeoVolta, Inc. 2019 Stock Plan (the "2019 Plan"). For more information about the 2019 Plan, see the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on October 31, 2024 (the "Proxy Statement"), the relevant portions of which are incorporated herein by reference. The foregoing description of the 2019 Plan does not purport to be complete and is qualified in its entirety by reference to the complete text of the 2019 Plan, a copy of which is filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference.

07. Submission

Item 5.07. Submission of Matters to a Vote of Security Holders. On December 10, 2024, the Company held its Annual Meeting at the Company's offices located at 13651 Danielson Street, Suite A, Poway, CA . The number of shares of common stock that voted on matters presented at the Annual Meeting was 18,108,456, representing approximately 54.3% of the 33,361,712 shares common stock outstanding as of the October 18, 2024, the record date for the Annual Meeting (the "Record Date"). Each director nominee was elected and each other matter submitted to a vote of the Company's stockholders at the Annual Meeting, as described below, was approved by the requisite vote of the Company's stockholders. The final voting results for each of the proposals submitted to a vote of the stockholders of the Company at the Annual Meeting are set forth below. The proposals are described in detail in the Company's Proxy Statement and are incorporated herein by reference. Proposal 1. The election of five directors, each to serve until the next annual meeting of shareholders, or until each successor is duly elected and qualified. Nominee Votes For Votes Withheld Broker Non-Votes Brent Willson 8,360,928 1,440,582 8,306,946 Steve Bond 9,630,189 171,321 8,306,946 James Amos 9,647,725 153,785 8,306,946 Susan Snow 9,464,451 337,059 8,306,946 John Hass 9,710,914 90,596 8,306,946 Proposal 2. The ratification of the appointment of MaloneBailey, LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2025. Votes For Votes Against Abstain Broker Non-Votes 18,100,935 6,620 901 0 Proposal 3. Vote to Approve the Amendment to the 2019 Stock Plan - The Company's stockholders approved amendments to the NeoVolta, Inc. 2019 Stock Plan, by the following vote: Votes For Votes Against Abstain Broker Non-Votes 9,025,281 707,544 68,685 8,306,946

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Exhibit Description 10.1 NeoVolta, Inc. 2019 Stock Plan (as amended and restated) 104 Cover page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NeoVolta, Inc. By: /s/ Steve Bond Steve Bond Chief Financial Officer Dated: December 10, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR