UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) January 17, 2020 (December 17, 2019)

 

Nxt-ID, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   000-54960   46-0678374
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

Nxt-ID, Inc.

288 Christian Street

Hanger C - 2nd Floor

Oxford, CT 06478

(Address of principal executive offices) (Zip Code)

  

Registrant’s telephone number, including area code: (203) 266-2103

 

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):

 

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))

 

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. 

  

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 $0.0001    NXTD   The Nasdaq Stock Market LLC

 

 

 

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

Nxt-ID, Inc. (the “Company”) reconvened its 2019 Annual Meeting of Shareholders (the “Annual Meeting”) on January 17, 2020. Proposals 1 and 2 were voted on at the Annual Meeting that was originally convened on December 17, 2019 and subsequently adjourned. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting, as set forth in the Definitive Proxy Statement, filed with the Securities and Exchange Commission on October 29, 2019 (the “Proxy Statement”), as supplemented, are as follows:

On the record date for the Annual Meeting, there were 29,720,134 shares of Company common stock, $0.0001 par value per share (the “Common Stock”), and 2,000 shares of Series C Non-Convertible Voting Preferred Stock, $0.0001 par value per share, issued, outstanding and entitled to vote. Stockholders holding 22,085,196 shares of Common Stock were present at the Annual Meeting, in person or represented by proxy.

Proposal 1 – The five nominees named in the Definitive Proxy Statement were elected to serve as directors for a one-year term expiring at the Company’s 2020 Annual Meeting of Shareholders. The voting results with respect to each nominee were as follows:

Director   For   Withheld   Broker Non-Votes
Vincent S. Miceli   11,034,121   1,056,662   12,090,783
Major General David R. Gust, USA, Ret.   10,399,056   1,691,727   12,090,783
Michael J. D’Almada-Remedios, PhD   10,782,743   1,308,040   12,090,783
Daniel P. Sharkey   10,399,428   1,751,355   12,090,783
Robert A. Curtis Pharm.D.   10,602,271   1,488,512   12,090,783
Michael J. Orlando   9,218,729   2,872,054   12,090,783

Proposal 2 – The appointment of Marcum LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2019 was ratified by the affirmative vote of a majority of the shares outstanding and entitled to vote on the matter. The voting results were as follows:

For   Against   Abstain
20,343,412   1,344,766   397,018

There were no broker non-votes for Proposal 2.

Proposal 3 – Authorization for the Board of Directors of the Company (the “Board”) to amend the Company’s Certificate of Incorporation, as amended, to effect a reverse stock split of all of the Company’s outstanding shares of Common Stock by a ratio in the range of one-for-three to one-for-fifteen, at any time before May 18, 2020, with such range and timing to be left to the complete discretion of the Board. The Stockholders approved Proposal 3. The voting results were as follows:

For   Against   Abstain
15,068,773   6,705,329   524,373

There were 177,486 broker non-votes for Proposal 3.

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Proposal 4 – Ratification of the Company’s 2017 Stock Incentive Plan. The Stockholders did not approve Proposal 4. The voting results are as follows:

For   Against   Abstain
        10,772,160             2,577,844     782,147

There were 8,343,810 broker non-votes for Proposal 4.

Proposal 5 – Ratification of the approval of the issuance of Common Stock upon conversion of the Exchange Notes (as defined in the Proxy Statement) and exercise of the Exchange Warrants (as defined in the Proxy Statement) in an amount equal to 20% or more of the Company’s outstanding Common Stock before such issuance. The Stockholders did not approve Proposal 5. The voting results were as follows:

For   Against   Abstain
        11,267,478             2,145,034     719,639

There were 8,343,810 broker non-votes for Proposal 5.

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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.

  

Date: January 17, 2020 Nxt-ID, Inc.
     
  By:        /s/ Vincent S. Miceli
  Name: Vincent S. Miceli
  Title: Chief Executive Officer

 

 

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