BTCS BTCS Inc

Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 13, 2022, the 2022 annual meeting of stockholders (the “Annual Meeting”) of BTCS Inc., a Nevada corporation (the “Company”) was held. The following proposals were submitted to a vote by the Company’s stockholders at the Annual Meeting: (i) election of five members to the Company’s Board of Directors for a one-year term expiring at the next annual meeting of stockholders (Proposal 1); (ii) approval of an amendment to the Company’s 2021 Equity Incentive Plan (the “2021 Plan”) to increase the number of shares of common stock authorized for issuance under the 2021 Plan from 2,000,000 to 7,000,000 shares (Proposal 2); (iii) ratification of the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 (Proposal 3); (iv) approval on a non-binding advisory basis of the compensation of the Company’s named executive officers (Proposal 4); (v) approval on a non-binding advisory basis the frequency with which the stockholders shall vote to approve executive compensation (Proposal 5); and (vi) approval of an adjournment of the Annual Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the proposals presented for a vote at the Annual Meeting (Proposal 6). All of these proposals were described in more detail in the Company’s definitive proxy statement, as amended, filed with the Securities and Exchange Commission on April 26, 2022.

Set forth below are the voting results on the proposals submitted to the stockholders for approval at the Annual Meeting.

Proposal 1. The Company’s stockholders voted to elect the following five directors to hold office for a one-year term expiring at the next annual meeting of stockholders.

Proposal 2. The Company’s stockholders voted to approve the Company’s 2021 Plan to increase the number of shares of common stock authorized for issuance under the 2021 Plan from 2,000,000 to 7,000,000 shares.

Proposal 3. The Company’s stockholders voted to ratify the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022.

Proposal 4. The Company’s stockholders voted to approve on a non-binding advisory basis the compensation of the Company’s named executive officers.

Proposal 5. The Company’s stockholders voted to approve on a non-binding advisory basis the frequency with which the stockholders shall vote to approve executive compensation.

Subsequent to the Annual Meeting, the Board determined, in light of the voting results, to hold a stockholder vote on the compensation of executive officers every three years.

As there were sufficient votes to approve proposals 1 through 5, proposal 6 was moot.

There were 12,627,385 shares outstanding on the record date of the meeting and a total of 8,416,746 shares were voted or represented by proxy, which represented approximately 67% of the voting power entitled to vote at the Annual Meeting. Each of the five nominees for director was elected to serve until the next annual meeting of stockholders and until such nominee’s successor has been elected and qualified, or until such nominee’s earlier death, resignation, or removal and stockholders voted for three years under Proposal 5. Additionally, all other proposals were approved.