Current Report Filing (8-k)
July 06 2020 - 3:48PM
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: July 6, 2020
(Date
of earliest event reported)
Firsthand
Technology Value Fund, Inc.
(Exact
name of registrant as specified in its charter)
Maryland
(State
or other jurisdiction of incorporation)
|
814-00830
(Commission
File Number)
|
27-3008946
(IRS
Employer Identification Number)
|
|
|
|
150
Almaden Blvd.,
Suite 1250 San Jose, CA
(Address
of principal executive offices)
|
|
95113
(Zip
Code)
|
(800)
976-8776
(Registrant's
telephone number, including area code)
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: [ ] 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, par value $0.001 per share
|
SVVC
|
The NASDAQ Global Select Market
|
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 July 2, 2020, Firsthand
Technology Value Fund, Inc., held its Annual Meeting of Shareholders to (1) elect two directors; (2) ratify the selection of Tait
Weller & Baker LLP as the independent registered public accountant and (3) A non-binding stockholder proposal that the board
seek and pursue any and all measures to enhance shareholder value. At the close of business on the record date, March 13, 2020,
an aggregate of 6,893,056 shares of common stock were issued and outstanding.
Proposal 1. The Election of Director:
Nominee
|
For
|
Against/Withheld
|
Broker Non-Vote
|
Total Shares Voted
|
Kevin Landis
|
3,493,951
|
1,964,098
|
0
|
5,458,049
|
Kimun Lee
|
2,768,052
|
2,689,997
|
0
|
5,458,049
|
Pursuant to the foregoing
votes, nominees listed above were elected to serve on the Company's Board of Directors. A broker non-vote occurs when a broker holding
shares for a beneficial owner does not vote on a particular proposal because the broker does not have discretionary voting power
for that particular item and has not received instructions from the beneficial owner or other persons entitled to vote.
Proposal 2. The ratification of the selection
of Tait Weller & Baker as the Company’s independent registered accounting firm for the fiscal year ending December 31,
2020:
For
|
Against
|
Abstain
|
Broker Non-Vote
|
Total Shares Voted
|
3,812,910
|
1,567,923
|
77,217
|
0
|
5,458,049
|
Proposal 3. A non-binding stockholder proposal
that the board seek and pursue any and all measures to enhance shareholder value:
For
|
Against
|
Abstain
|
Broker Non-Vote
|
Total Shares Voted
|
2,025,675
|
852,589
|
57,610
|
2,522,175
|
5,458,049
|
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: July 6, 2020
|
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FIRSTHAND TECHNOLOGY VALUE FUND, INC.
|
|
|
|
|
|
|
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By:
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/s/ Kevin Landis
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|
|
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Kevin Landis
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|
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President
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|
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