Current Report Filing (8-k)
November 23 2022 - 4:32PM
Edgar (US Regulatory)
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2022-11-23
2022-11-23
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2022-11-23
2022-11-23
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NILE:Sec13.00SeriesDCumulativeRedeemablePerpetualPreferredStockParValue0.001PerShareMember
2022-11-23
2022-11-23
iso4217:USD
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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): November
23, 2022
BITNILE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-12711 |
|
94-1721931 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
11411 Southern Highlands Parkway, Suite 240,
Las Vegas, NV 89141
(Address of principal executive offices) (Zip Code)
(949) 444-5464
(Registrant's telephone number, including area
code)
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:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.001 par value |
|
NILE |
|
NYSE American |
13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share |
|
NILE PRD |
|
NYSE American |
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 November 23, 2022, BitNile Holdings, Inc. (the “Company”)
convened its 2022 Annual Meeting of Stockholders (the “Annual Meeting”). As of the close of business on September 26,
2022, the record date for the Annual Meeting, 340,069,402 shares of common stock of the Company were issued and outstanding and entitled
to vote at the Annual Meeting. At the Annual Meeting, the stockholders voted on seven proposals, each of which is described in more detail
in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on September
23, 2022. Stockholders approved proposals 1, 2, 3, 6 and 7, and rejected proposals 4 and 5 presented for a vote. The tables below set
forth the number of votes cast for and against or withheld, and the number of abstentions or broker non-votes, for each matter voted upon
by the Company’s stockholders.
Proposal One: The election of seven director nominees named by the
Company to hold office until the next annual meeting of stockholders.
| |
For | |
Against | |
Abstain | |
Broker Non-Votes |
Milton C. Ault, III | |
90,834,197 | |
30,340,778 | |
2,579,705 | |
56,056,879 |
William B. Horne | |
90,677,623 | |
29,417,886 | |
3,659,171 | |
56,056,879 |
Henry C. Nisser | |
90,370,757 | |
29,506,305 | |
3,877,618 | |
56,056,879 |
Robert O. Smith | |
89,317,969 | |
30,276,495 | |
4,160,216 | |
56,056,879 |
Howard Ash | |
89,816,820 | |
29,779,262 | |
4,158,598 | |
56,056,879 |
Jeffrey A. Bentz | |
91,341,683 | |
28,177,259 | |
4,235,738 | |
56,056,879 |
Mordechai Rosenberg | |
91,719,337 | |
27,709,155 | |
4,326,188 | |
56,056,879 |
Proposal Two: The ratification of Marcum LLP,
as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
|
158,508,739 |
|
16,521,406 |
|
4,781,414 |
|
0 |
|
Proposal Three: Approval, on a non-binding advisory
basis, of the compensation of the Company’s named executive officers.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
|
77,723,245 |
|
43,326,219 |
|
2,705,216 |
|
56,056,879 |
|
Proposal Four: Approval of the amendment to the
Company’s Certificate of Incorporation to increase the authorized shares of Class A Common Stock (the “Common Stock”)
from 500,000,000 to 1,250,000,000.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
|
107,500,647 |
|
70,676,809 |
|
1,634,103 |
|
0 |
|
Proposal Five: Approval of the 2022 equity
issuances to directors and executive officers of the Company, in order to comply with the listing rules of the NYSE American.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
|
39,180,606 |
|
38,678,033 |
|
45,896,041 |
|
56,056,879 |
|
Proposal Six: Approval of the acceleration
of the vesting of certain unvested stock grants made in August of 2021 to current members of our board of directors, consisting of an
aggregate of 1,000,000 shares of Common Stock, in order to comply with the listing rules of the NYSE American.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
|
79,784,402 |
|
39,877,807 |
|
4,092,471 |
|
56,056,879 |
|
Proposal Seven: Approval of the BitNile
Holdings, Inc. 2022 Stock Incentive Plan.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
|
79,407,581 |
|
42,057,883 |
|
2,289,216 |
|
56,056,879 |
|
| ITEM 7.01 | REGULATION FD DISCLOSURE |
On November 23, 2022, the Company issued a press release announcing
the results of the Annual Meeting, which press release is furnished herewith as Exhibit 99.1 and is incorporated by reference
herein.
On November 23, 2022, the Company also issued a press release
announcing that that its Board of Directors has declared a pro rata dividend to the Company’s stockholders of (i) 140 million shares
of common stock of Imperalis Holding Corp. (to be renamed TurnOnGreen, Inc.) (“TurnOnGreen”), which represents approximately
81% of the outstanding shares of TurnOnGreen common stock, and (ii) warrants to purchase an additional 140 million shares of TurnOnGreen
common stock (the “Distribution Securities”). The press release also announced that BitNile stockholders of record
as of the close of business on December 30, 2022 will receive the Distribution Securities, which will be payable on January 5, 2023. This
press release is furnished herewith as Exhibit 99.2 and is incorporated by reference herein.
In accordance with General Instruction B.2 of Form 8-K, the
information under this item, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This
report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements
of Regulation FD.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
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.
|
BITNILE HOLDINGS, INC. |
|
|
|
|
|
|
Dated: November 23, 2022 |
/s/ Henry Nisser |
|
|
Henry Nisser
President and General Counsel |
|
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