AYRO, Inc. Files 8-K on Officer Changes and Shareholder Votes
Ticker: SBLX · Form: 8-K · Filed: Dec 31, 2024 · CIK: 1086745
| Field | Detail |
|---|---|
| Company | Ayro, Inc. (SBLX) |
| Form Type | 8-K |
| Filed Date | Dec 31, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, shareholder-vote
TL;DR
AYRO filed an 8-K detailing exec changes, director elections, and shareholder votes. Major governance updates incoming.
AI Summary
AYRO, Inc. filed an 8-K on December 30, 2024, reporting on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also covers the submission of matters to a vote of security holders and includes financial statements and exhibits. The company was formerly known as DropCar, Inc. before changing its name on February 1, 2018.
Why It Matters
This 8-K filing indicates significant corporate governance updates and potential strategic shifts within AYRO, Inc., which could impact its future direction and investor relations.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with votes of security holders, can signal internal shifts or strategic realignments that may carry inherent business risks.
Key Players & Entities
- AYRO, Inc. (company) — Registrant
- DropCar, Inc. (company) — Former company name
- February 1, 2018 (date) — Date of name change
- December 30, 2024 (date) — Date of earliest event reported
FAQ
What specific officer positions were affected by the departures or appointments reported in this 8-K?
The filing indicates "Departure of Directors or Certain Officers" and "Appointment of Certain Officers" but does not specify the exact positions in the provided text.
Were there any specific matters submitted to a vote of security holders on December 30, 2024?
The filing confirms the "Submission of Matters to a Vote of Security Holders" as an item reported, but the details of the matters voted upon are not included in this excerpt.
What is the primary business of AYRO, Inc. as indicated by its SIC code?
AYRO, Inc.'s Standard Industrial Classification (SIC) code is 4899, which falls under "Communication Services, NEC" (Not Elsewhere Classified).
What was AYRO, Inc.'s previous name and when did the change occur?
AYRO, Inc. was formerly known as DropCar, Inc., and the name change occurred on February 1, 2018.
What is the physical address of AYRO, Inc.'s principal executive offices?
AYRO, Inc.'s business address is 900 E. Old Settlers Boulevard, Suite 100, Round Rock, TX 78664.
Filing Stats: 1,135 words · 5 min read · ~4 pages · Grade level 10.9 · Accepted 2024-12-31 16:38:38
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share AYRO The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 63KB
- ex10-1.htm (EX-10.1) — 14KB
- 0001493152-24-052730.txt ( ) — 255KB
- ayro-20241230.xsd (EX-101.SCH) — 3KB
- ayro-20241230_lab.xml (EX-101.LAB) — 33KB
- ayro-20241230_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On December 30, 2024, the Company held its Annual Meeting. As of the close of business on November 21, 2024, the record date for the Annual Meeting, there were (i) 6,764,600 shares of common stock, par value $0.0001 per share, entitled to an aggregate of 6,764,600 votes, (ii) 50 shares of Series H-6 Convertible Preferred Stock, par value $0.0001 per share, entitled to an aggregate of 115 votes, and (iii) 12,666.63 shares of Series H-7 Convertible Preferred Stock, par value $0.0001 per share, entitled to an aggregate of 1,380,349 votes, outstanding and entitled to vote on the proposals described below. At the Annual Meeting, the proposals set forth below were submitted to a vote of the Company's stockholders. Each proposal is described in detail in the Company's Proxy Statement. All proposals were approved by the Company's stockholders. The final voting results are as follows: 1. Election of six directors to serve on the Company's board of directors for a term of one year or until their successors are elected and qualified, for which the following are nominees: Joshua Silverman, Wayne R. Walker, George Devlin, Sebastian Giordano, Zvi Joseph, and Greg Schiffman: Nominee Votes For Votes Withheld Broker Non-Votes Joshua Silverman 1,583,197 127,599 1,587,495 Wayne R. Walker 1,590,230 120,566 1,587,495 George Devlin 1,582,977 127,819 1,587,495 Sebastian Giordano 1,545,671 165,125 1,587,495 Zvi Joseph 1,545,494 165,302 1,587,495 Greg Schiffman 1,541,289 169,507 1,587,495 2. Approval of a proposed amendment to the AYRO, Inc. Long-Term Incentive Plan, to increase the aggregate number of shares available for the grant of awards by 3,000,000 shares of Common Stock, to a total of 4,229,956 shares of Common Stock: For Against Abstain Broker Non-Votes 1,502,762 192,399 15,635 1,587,495 3. Ratification of the appointment of Marcum LLP as the Company's independen
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. AYRO, INC. Date: December 31, 2024 By: /s/ Joshua Silverman Joshua Silverman Executive Chairman