Item 5.07. Submission of Matters to a Vote of Security Holders
Kopin Corporation (the “Company”) held a Special Meeting of Stockholders (the “Special Meeting”) on March 2, 2020. At the Special Meeting, the following matters were submitted to a vote of stockholders:
1. To approve an amendment to our Amended and Restated Certificate of Incorporation to effect a reverse stock split of our issued and outstanding shares of our common stock, par value $.01 per share, by a ratio of between one-for-two and one-for-twenty, inclusive, with the exact ration to be set at a whole number to be determined by our Board of Directors or a duly authorized committee thereof in its discretion, at any time after approval of the amendment (the "Reverse Stock Split Proposal"); and
2. To approve the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the special meeting to approve Proposal 1 (the " Adjournment Proposal").
At the close of business on January 13, 2020, the record date for the determination of stockholders entitled to vote at the Special Meeting, there were 84,932,538 shares of the Company’s common stock outstanding and entitled to vote at the Special Meeting. The holders of 66,370,249 shares of the Company’s common stock were represented in person or by proxy at the Special Meeting, constituting a quorum.
At the Special Meeting, the Reverse Stock Split Proposal and the Adjournment Proposal were each approved.
Proposal No. 1- Reverse Stock Split Proposal
The vote with respect to the amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of our issued and outstanding shares of our common stock, par value $.01 per share, by a ratio of between one-for-two and one-for-twenty, inclusive, with the exact ratio to be set at a whole number to be determined by our Board of Directors or a duly authorized committee thereof in its discretion, at any time after approval of the amendment, was as follows:
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For
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Against
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Abstain
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61,306,676
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4,473,313
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590,260
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Proposal No. 2 - Adjournment Proposal
The vote with respect to the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Special Meeting to approve the Reverse Stock Split Proposal, was as follows:
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For
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Against
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Abstain
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61,363,241
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4,306,730
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700,278
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