Socket Mobile Sets Annual Stockholder Meeting for July 18
Ticker: SCKT · Form: 8-K · Filed: May 15, 2024 · CIK: 944075
| Field | Detail |
|---|---|
| Company | Socket Mobile, Inc. (SCKT) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-meeting
TL;DR
Socket Mobile's annual shareholder meeting is July 18th - vote on directors & exec pay!
AI Summary
On May 15, 2024, Socket Mobile, Inc. filed an 8-K report to announce that its annual meeting of stockholders will be held on July 18, 2024. The meeting will include the election of two Class II directors, ratification of the appointment of its independent registered public accounting firm, and a non-binding advisory vote on executive compensation. The company is headquartered in Fremont, California.
Why It Matters
This filing informs shareholders about the upcoming annual meeting where key corporate decisions, including director elections and executive compensation votes, will be made.
Risk Assessment
Risk Level: low — This is a routine corporate filing announcing a meeting date and agenda items, with no immediate financial or operational risks disclosed.
Key Players & Entities
- Socket Mobile, Inc. (company) — Registrant
- July 18, 2024 (date) — Annual Meeting Date
- Fremont, California (location) — Company Headquarters
FAQ
When is Socket Mobile, Inc.'s annual meeting of stockholders?
The annual meeting of stockholders is scheduled for July 18, 2024.
What are the main items to be voted on at the annual meeting?
The agenda includes the election of two Class II directors, ratification of the independent registered public accounting firm, and a non-binding advisory vote on executive compensation.
Who is Socket Mobile, Inc.'s independent registered public accounting firm?
The filing states that the ratification of the appointment of its independent registered public accounting firm is an agenda item, but the name of the firm is not explicitly mentioned in this excerpt.
Where is Socket Mobile, Inc. located?
Socket Mobile, Inc.'s principal executive offices are located at 40675 Encyclopedia Circle, Fremont, CA 94538.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 733 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-05-15 16:49:15
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 Par Value per Share SCKT NASDAQ Ind
Filing Documents
- form-8k0515.htm (8-K) — 39KB
- 0000944075-24-000028.txt ( ) — 208KB
- sckt-20240515.xsd (EX-101.SCH) — 3KB
- sckt-20240515_lab.xml (EX-101.LAB) — 33KB
- sckt-20240515_pre.xml (EX-101.PRE) — 22KB
- form-8k0515_htm.xml (XML) — 4KB
To elect five directors to serve
Item 1 To elect five directors to serve until their respective successors are elected.
Advisory vote on executive compensation
Item 2 Advisory vote on executive compensation policies and practices as described in the annual meeting proxy. Item 3 To approve an amendment to the 2004 Equity Incentive Plan to provide for a one-time stock option exchange program. Item 4 To ratify the appointment of Sadler, Gibb & Associates LLC as independent registered public accountants of the Company for the Only stockholders of record at the close of business on March 22, 2024 were entitled to notice of and to vote at the meeting. At the Record Date, 7,547,327 shares of Common Stock were issued and outstanding, in addition to 1,126,207 shares of restricted stocks that had been granted but had not yet vested. Each share of Common Stock and restricted stock was entitled to one vote. The Company had no other class of voting securities issued or outstanding, thus no other class had the right to vote at the meeting. A total of 5,429,725 shares or 62.6% of total shares were voted establishing a quorum of stockholders entitled to vote at the meeting for the transaction of business. RESULTS OF THE STOCKHOLDER VOTE:
Election of Directors
Item 1 Election of Directors Name Votes For Votes Withheld Outcome 1. Charlie Bass 3,586,828 176,409 Elected 2. Kevin J. Mills 3,515,508 247,729 Elected 3. Bill Parnell 3,650,022 113,215 Elected 4. Ivan Lazarev 3,649,941 113,296 Elected 5. Lynn Zhao 3,538,113 224,914 Elected
Advisory vote on executive compensation
Item 2. Advisory vote on executive compensation policies as described in the annual meeting proxy Votes For Votes Against Votes Abstained Outcome 3,548,408 76,211 138,618 Approved with an affirmative vote of 94.3% of votes cast
Amendment to the 2004 Equity Incentive
Item 3. Amendment to the 2004 Equity Incentive Plan to provide for a one-time stock option exchange program Votes For Votes Against Votes Abstained Outcome 3,105,671 567,179 90,387 Approved with an affirmative vote of 82.5% of votes cast
Ratification of Sadler, Gibb &
Item 4. Ratification of Sadler, Gibb & Associates LLC as Independent Public Accountants for Fiscal Year 2023 Votes For Votes Against Votes Abstained Outcome 4,775,580 453,668 200,477 Approved with an affirmative vote of 88.0% of votes cast
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. SOCKET MOBILE, INC. By: /s/ Lynn Zhao Name: Lynn Zhao Chief Financial Officer Date: May 15, 2024