Current Report Filing (8-k)
December 09 2020 - 4:30PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 8, 2020
DOCUMENT
SECURITY SYSTEMS, INC.
(Exact
name of registrant as specified in its charter)
New
York
|
|
001-32146
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16-1229730
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
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200
Canal View Boulevard
Suite
104
Rochester,
NY
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14623
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (585) 325-3610
Not
Applicable
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Ticker
symbol(s)
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Name
of each exchange on which registered
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Common
Stock, $0.02 par value per share
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DSS
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The
NYSE American LLC
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
5.07 Submission of Matters to a Vote of Security Holders
On
December 8, 2020, Document Security Systems, Inc. (“Company”) held its 2020 Annual Meeting of Stockholders at 32731
Egypt Lane, Suite 602, Magnolia, Texas 77354. A total of 4,314,800 shares of common stock, representing 73.93% of the aggregate
shares outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies at the annual
meeting.
Heng
Fai Ambrose Chan, Frank D. Heuszel, John Thatch, José Escudero, Sassuan Lee,
Wah Wai Lowell Lo, Wai Leung William Wu and Tung
Moe Chan were each elected as directors of the Company to serve until the next annual meeting of stockholders.
The
stockholders ratified the appointment of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting
firm for the fiscal year ending December 31, 2020.
The
affirmative vote of a majority of the votes cast at the Annual Meeting voted in favor of the non-binding advisory proposal of
the compensation disclosed in the Proxy Statement of the Company’s executive officers who are named in the Proxy Statement’s
Summary Compensation Table.
The
Company did not obtain the requisite affirmative vote of a majority of the outstanding shares of the Company’s stock entitled
to vote to approve proposals 4 and 5, respectively, as set forth below.
The
final voting results on these matters were as follows:
1.
Election of Directors:
Name
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Votes For
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Votes Withheld
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Heng Fai Ambrose Chan
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2,260,469
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82,753
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Frank D. Heuszel
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2,267,931
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75,291
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John Thatch
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2,266,695
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76,527
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José Escudero
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2,270,044
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73,178
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Sassuan Lee
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2,261,474
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81,748
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Lowell Lo
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2,263,180
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80,042
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William Wu
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2,271,063
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72,159
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Tung Moe Chan
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2,259,263
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83,959
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2.
Ratification of appointment of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for
the fiscal year ending December 31, 2020:
Votes For
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Votes Against
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Votes Abstained
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4,188,111
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85,026
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41,663
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3.
Non-Binding Advisory Vote of Executive Compensation set forth in the Company’s Proxy Statement Summary Compensation Table:
Votes For
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Votes Against
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Votes Abstained
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2,240,021
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74,075
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29,126
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4.
Approval of the potential issuance of shares of the Company’s common stock, representing equal to or greater than 20% of
the Company’s presently outstanding common stock, issuable upon conversion of our Series A Convertible Preferred Stock:
Votes For
|
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Votes Against
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Votes Abstained
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2,219,441
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89,613
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34,168
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5.
Approval of the Reincorporation of the Company from New York to Texas:
Votes For
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Votes Against
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Votes Abstained
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2,304,268
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33,987
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4,967
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to
be signed on its behalf by the undersigned hereunto duly authorized.
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DOCUMENT
SECURITY SYSTEMS, INC.
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Dated:
December 9, 2020
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By:
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/s/
Frank D. Heuszel
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Name:
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Frank
D. Heuszel
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Title:
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Chief
Executive Officer
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