Item
5.07. |
Submission
of Matters to a Vote of Security Holders |
On
July 6, 2022, IMAC Holdings, Inc. (the “Company”) held an annual meeting of its stockholders (the “Annual
Meeting”) at the Company’s offices located at 1605 Westgate Circle, Brentwood, Tennessee 37027, at 11:00 a.m., local
time. As of May 10, 2022, the record date of the Annual Meeting, there were a total of 26,485,167 shares of the Company’s common
stock issued and outstanding and entitled to vote at the Annual Meeting. A total of 17,121,564 votes were represented at the Annual Meeting,
and a quorum was present. The following proposals were submitted to the shareholders:
1.
the election of five directors nominated by the Company’s board of directors (the “Board”) named in the
Proxy Statement (defined below);
2.
the amendment to the Company’s certificate of incorporation to increase the number of authorized shares of common stock to
60,000,000 shares from 30,000,000 shares;
3.
the amendment of the Company’s 2018 Incentive Compensation Plan increasing the number of shares of common stock reserved for
issuance thereunder by 1,000,000 shares;
4.
the ratification of the appointment of Cherry Bekaert LLP as the Company’s auditors for the year ending December 31, 2022;
and
5.
the approval (on an advisory, non-binding basis) of the compensation of the Company’s named executive officers.
For
more information about the foregoing proposals, please see the Company’s Definitive Proxy Statement filed May 17, 2022 (the “Proxy
Statement”).
The
number of votes cast for, against, and where applicable, votes withheld, as well as abstentions and whether each proposal was approved,
is set forth below.
1.
The election of five directors nominated by the Board and named in the Proxy Statement.
| |
FOR | | |
AGAINST | | |
ABSTAIN | | |
BROKER NON-VOTE | |
Jeffrey S. Ervin | |
| 8,115,524 | | |
| 72,982 | | |
| 256,647 | | |
| 8,676,411 | |
Matthew C. Wallis | |
| 7,585,369 | | |
| 72,982 | | |
| 786,802 | | |
| 8,676,411 | |
Maurice E. Evans | |
| 7,952,216 | | |
| 72,982 | | |
| 419,955 | | |
| 8,676,411 | |
Michael D. Pruitt | |
| 7,968,823 | | |
| 72,982 | | |
| 403,348 | | |
| 8,676,411 | |
Cary W. Sucoff | |
| 7,317,755 | | |
| 72,982 | | |
| 1,054,416 | | |
| 8,676,411 | |
The
five nominees listed above were elected to the Board. Consistent with the Company’s certificate of incorporation, each director
will serve until the Company’s 2023 annual meeting of stockholders and, in each case, until a successor has been elected and qualified,
or until his earlier death, resignation or removal.
2.
The amendment to the Company’s certificate of incorporation to increase the number of authorized shares of common stock to 60,000,000
shares from 30,000,000 shares.
FOR | | |
AGAINST | | |
ABSTAIN | | |
BROKER NON-VOTE | |
| 16,450,603 | | |
| 639,036 | | |
| 31,923 | | |
| 2 | |
The
proposal to approve the amendment to the Company’s certificate of incorporation was approved.
3.The
amendment to the Company’s 2018 Incentive Compensation Plan to increase the number of shares of common stock reserved for issuance
thereunder by 1,000,000 shares.
FOR | | |
AGAINST | | |
ABSTAIN | | |
BROKER NON-VOTE | |
| 8,006,220 | | |
| 432,922 | | |
| 6,010 | | |
| 8,676,412 | |
The
proposal to approve the amendment to the Company’s 2018 Incentive Compensation Plan was approved.
4.
The ratification of the appointment of Cherry Bekaert LLP as the Company’s auditors for the year ending December 31, 2022.
FOR | | |
AGAINST | | |
ABSTAIN | | |
BROKER NON-VOTE | |
| 17,001,518 | | |
| 32,517 | | |
| 87,529 | | |
| 0 | |
The
appointment of Cherry Bekaert LLP as the Company’s auditors for the year ending December 31, 2022 was ratified.
5.
The approval (on an advisory, non-binding basis) of the compensation of the Company’s named executive officers.
FOR | | |
AGAINST | | |
ABSTAIN | | |
BROKER NON-VOTE | |
| 7,677,089 | | |
| 739,380 | | |
| 28,684 | | |
| 8,676,411 | |
The
proposal to approve, on an advisory, non-binding basis, the compensation of the Company’s named executive officers, was approved.