Current Report Filing (8-k)
September 02 2020 - 4:16PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
August 27, 2020
GENIUS
BRANDS INTERNATIONAL, INC.
(Exact name of registrant as specified in
its charter)
Nevada
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001-37950
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20-4118216
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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190
N. Canon Drive, 4th Fl.
Beverly Hills, CA
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90210
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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: (310) 273-4222
________________________________________________________
(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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001 per share
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GNUS
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The Nasdaq Capital Market
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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 o
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. o
ITEM
5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT
OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On
August 27, 2020, at a special meeting of stockholders (the “Special Meeting”) of Genius Brands International,
Inc. (the “Company”), the stockholders of the Company approved the adoption of the 2020 Incentive Plan (the
“Plan”). The Plan replaced the Company’s 2015 Amended Incentive Plan for all future equity-based awards
and increased the maximum number of shares available for issuance as equity-based awards to an aggregate of 32,167,667 shares of
the Company’s Common Stock, par value $0.001 per share.
A
complete copy of the Plan was filed with the Securities and Exchange Commission as Appendix C to the Company’s Definitive
Proxy Statement on Schedule 14A (DEF 14A) for the Special Meeting on August 10, 2020 and is incorporated herein by this reference.
ITEM
5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The
following proposals were submitted to the Company’s stockholders at the Special Meeting:
Proposal
1: To approve a proposed amendment to the Company’s Articles of Incorporation, as amended, to increase the authorized number
of shares of the Company’s common stock from 233,333,334 to 400,000,000 in order to enable the Company to efficiently take
advantage of accretive opportunities, largely targeting acquisitions, which may arise and provide enriched stockholder value as
the media industry undergoes a period of consolidation. This proposal was approved by the stockholders, based on the following
votes:
Votes For
|
Votes Against
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Votes Abstain
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Broker Non-Vote
|
|
|
|
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118,840,971.2
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28,600,093.6
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1,425,396.4
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N/A
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Proposal
2: To approve the 2020 Incentive Plan, to replace the Company’s 2015 Amended Incentive Plan for all future equity-based incentive
awards and enable the Company to attract, motivate, and retain qualified individuals upon whom its business and accretive growth
strategy depends. This proposal was approved by the stockholders, based on the following votes:
Votes For
|
Votes Against
|
Votes Abstain
|
Broker Non-Vote
|
|
|
|
|
75,763,260.2
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8,870,289.7
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827,135.3
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63,405,776
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Proposal
3: To adjourn the Special Meeting, if necessary, to solicit additional proxies if there are insufficient votes at the time of the
Special Meeting to approve Proposal 1 or Proposal 2. Although this proposal was approved by the stockholders, based on the below
votes, adjournment of the Special Meeting was not necessary because there were sufficient votes at the time of the Special Meeting
to approve Proposal 1 and Proposal 2.
Votes For
|
Votes Against
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Votes Abstain
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Broker Non-Vote
|
|
|
|
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123,941,869.3
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22,595,809.2
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2,328,782.8
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N/A
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SIGNATURES
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.
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GENIUS BRANDS INTERNATIONAL, INC.
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Date: September 2, 2020
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By:
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/s/ Andy Heyward
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Name:
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Andy Heyward
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Title:
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Chief Executive Officer
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