RYVYL Inc. Reports on Security Holder Vote

TL;DR

RYVYL Inc. had a shareholder vote on Dec 19th, details to follow.

AI Summary

RYVYL Inc. filed an 8-K on December 20, 2024, reporting on a matter submitted to a vote of its security holders on December 19, 2024. The filing does not specify the nature of the vote or any outcomes.

Why It Matters

This filing indicates a significant corporate action involving shareholder approval, which could impact the company's future direction or governance.

Risk Assessment

Risk Level: medium — The filing concerns a vote by security holders, which can lead to significant changes in corporate control or strategy, but the lack of detail on the vote's subject matter creates uncertainty.

Key Players & Entities

• RYVYL Inc. (company) — Registrant
• December 19, 2024 (date) — Date of earliest event reported
• December 20, 2024 (date) — Date of report
• Nevada (jurisdiction) — State of incorporation
• 3131 Camino Del Rio North, Suite 1400 (address) — Principal executive offices
• San Diego, CA 92108 (address) — Principal executive offices
• (619) 631-8261 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share RVYL The Nasdaq Stock Mar

Filing Documents

• ryvyl20241220_8k.htm (8-K) — 40KB
• 0001185185-24-001220.txt ( ) — 161KB
• rvyl-20241219.xsd (EX-101.SCH) — 3KB
• rvyl-20241219_lab.xml (EX-101.LAB) — 19KB
• rvyl-20241219_pre.xml (EX-101.PRE) — 11KB
• ryvyl20241220_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 December 19, 2024, the Company held its 2024 annual meeting of stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders (i) elected Ben Errez, Fredi Nisan, Genevieve Baer, David Montoya and Ezra Laniado to serve as the directors of the Company; (ii) ratified the appointment of Simon & Edward, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; (iii ) approved the issuance of common stock in excess of 20% of the number of shares of the Company's common stock outstanding, as required pursuant to Nasdaq Listing Rule 5635(d); and (iv) approved the amendments to the 2023 equity incentive plan (the "2023 EIP"); to increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2023 EIP from 1,098,262 shares of common stock to 5,098,262 shares of common stock, and to increase the number of shares that can be issued upon exercise of Incentive Stock Options under the 2023 EIP from 1,098,262 shares of common stock to 5,098,262 shares of common stock. Stockholders of record at the close of business on October 22, 2024 (the "Record Date") were entitled to one vote for each share of common stock. On the Record Date, there were 7,346,203 shares of common stock outstanding. The amount of issued and outstanding shares of common stock present at the Annual Meeting, in person or by proxy, was sufficient to constitute a quorum. Set forth below are the final voting results for each of the proposals: Proposal No. 1 - Election of directors Messrs. Ben Errez, Fredi Nisan, Genevieve Baer, David Montoya and Ezra Laniado were elected to serve as directors of the Company for a term expiring at the 2025 annual meeting of stockholders or until their successors are elected and qualified. The voting results were as follows: Director Votes For Votes Withheld Broker Non-Votes Ben Err

View Full Filing

View this 8-K filing on SEC EDGAR