Firsthand Technology Value Fund Reports on Shareholder Votes
Ticker: SVVC · Form: 8-K · Filed: May 22, 2024 · CIK: 1495584
| Field | Detail |
|---|---|
| Company | Firsthand Technology Value Fund, Inc. (SVVC) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, shareholder-vote
TL;DR
Firsthand Tech Fund filed an 8-K for a shareholder vote - details TBD.
AI Summary
Firsthand Technology Value Fund, Inc. filed an 8-K on May 21, 2024, to report on matters submitted to a vote of its security holders. The filing does not contain specific details about the vote itself, such as proposals or outcomes, but serves as a notification of such an event.
Why It Matters
This filing indicates that the company has held or will hold a shareholder vote, which is a key governance event that can impact company direction and shareholder rights.
Risk Assessment
Risk Level: low — The filing is a procedural notification of a shareholder vote without immediate financial implications or disclosed outcomes.
Key Players & Entities
- Firsthand Technology Value Fund, Inc. (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- 150 Almaden Blvd., Suite 1250 San Jose, CA 95113 (address) — Principal executive offices
FAQ
What specific matters were submitted for a vote of security holders?
The filing does not specify the exact proposals or matters that were submitted for a vote of security holders.
When did the event triggering this 8-K filing occur?
The earliest event reported occurred on May 21, 2024.
What is the principal business address of Firsthand Technology Value Fund, Inc.?
The principal executive offices are located at 150 Almaden Blvd., Suite 1250, San Jose, CA 95113.
What is the Commission File Number for Firsthand Technology Value Fund, Inc.?
The Commission File Number is 814-00830.
Is this filing related to a specific financial transaction or earnings report?
No, this filing is specifically related to the submission of matters to a vote of security holders, not a financial transaction or earnings report.
Filing Stats: 605 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-05-22 15:27:09
Key Financial Figures
- $0.001 — ch registered Common stock , par value $0.001 per share SVVC OTC Markets Indicat
Filing Documents
- sccv20240521_8k.htm (8-K) — 29KB
- 0001437749-24-017980.txt ( ) — 158KB
- svvc-20240521.xsd (EX-101.SCH) — 3KB
- svvc-20240521_def.xml (EX-101.DEF) — 11KB
- svvc-20240521_lab.xml (EX-101.LAB) — 15KB
- svvc-20240521_pre.xml (EX-101.PRE) — 11KB
- sccv20240521_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. Firsthand Technology Value Fund, Inc. ("Firsthand") held its Annual Meeting on May 21, 2024. As of the record date, March 15, 2024, 6,893,056 shares of Firsthand common stock were outstanding and entitled to vote at the Annual Meeting. A total of 5,160,121 shares of Firsthand common stock, constituting a quorum, were present in person or by proxy at the Annual Meeting. Firsthand's stockholders voted on two proposals at the Annual Meeting. The proposals are further described in the Proxy Statement. The final results of the votes regarding each proposal are set forth below. Proposal 1. Election of directors Firsthand stockholders elected one Class I director (Greg Burglin) to serve until the 2027 annual meeting of stockholders and until his successor is elected; and one Class III Director (Kevin Landis) to serve until the 2026 annual meeting of stockholders and until his successor is elected. The voting results regarding this proposal are set forth below: Nominee For Withheld Broker Non-Votes Total Shares Voted Total Shares Present Greg Burglin 784,639 2,526,816 1,848,666 3,311,455 5,160,121 Kevin Landis 846,353 2,465,102 1,848,666 3,311,455 5,160,121 Proposal 2. Ratification of appointment of independent public accounting firm Firsthand's stockholders failed to ratify the selection of Tait, Weller & Baker LLP as Firsthand's independent registered public accounting firm for the fiscal year ending December 31, 2024. The voting results regarding this proposal are set forth below: For 2,176,606 Against 2,953,581 Abstain 29,934 Broker Non-Votes - Total Shares Voted 5,160,121 Total Shares Present 5,160,121 SIGNATURE 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. Dated: May 22, 2024 FIRSTHAND TECHNOLOGY VALUE FUND, INC. B