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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 (Date of earliest event reported): May 30, 2024 (May 28, 2024)

__________________________

 

Volcon, Inc.

(Exact Name of Registrant as Specified in its Charter)

__________________________

 

Delaware 001-40867 84-4882689

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

 

3121 Eagles Nest Street, Suite 120

Round Rock, TX 78665

(Address of principal executive offices and zip code)

 

(512) 400-4271

(Registrant’s telephone number, including area code)

 

 

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-14(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 $0.00001 per share   VLCN   NASDAQ

 

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 May 28, 2024, Volcon, Inc. (the “Company”) held its annual meeting of stockholders at 10:00 a.m. Central Time (the “Annual Meeting”) in a virtual only format.  Set forth below are the five proposals that were voted on at the Annual Meeting and the stockholder votes on each such proposal, as certified by the Annual Meeting inspector of election. The proposals are described in greater detail in the Definitive Proxy Statement of the Company (the “Proxy Statement”) filed with the Securities and Exchange Commission (the “SEC”) on April 25, 2024, the relevant portions of which are incorporated herein by reference.

 

On April 2, 2024, the record date for the Annual Meeting (the “Record Date”), there were 20,648,955 shares of Company common stock issued, outstanding and entitled to vote. Stockholders holding 10,493,226 shares of Company common stock, representing approximately 50.82% of the shares of common stock outstanding on Record Date, were present at the Annual Meeting, in person or represented by proxy.

 

Each of the proposals summarized below was approved by the Company’s stockholders.

 

Proposal 1: The four nominees named in the Proxy Statement were elected to serve a one-year term ending at the 2025 Annual Meeting of Stockholders or until his or her successor is duly elected and qualified, based upon the following votes:

 

Nominee For Withheld Broker Non-Vote
Jonathan Foster 3,770,693 1,167,805 5,554,728
Christian Okonsky 3,759,545 1,178,953 5,554,728
John Kim 3,925,276 1,103,222 5,554,728
Karin-Joyce Tjon 3,740,723 1,197,775 5,554,728

 

Proposal 2:  To approve an amendment to the Company's amended and restated certificate of incorporation to grant the Board of Directors of the Company (the “Board”) authority to effect a reverse stock split of the outstanding shares of the Company’s common stock, at a reverse stock split ratio of between 1-for-10 to 1-for-100 (or any whole number in between), as determined by the Board in its sole discretion, prior to the one-year anniversary of the Annual Meeting was approved, having received the following votes:

 

For Against Abstain Broker Non-Vote
6,939,616 3,463,858 89,752 0

 

Proposal 3:  For purposes of complying with Nasdaq Listing Rule 5635(d), to permit (i) the Company's issuance of all of the shares of Company common stock upon conversion of its Series A Convertible Preferred Stock, and (ii) the elimination of clause (i) of the definition of Floor Price (as defined in the Series A Convertible Preferred Stock Amended and Restated Certificate of Designation) was approved, having received the following votes:

 

For Against Abstain Broker Non-Vote
3,090,899 1,723,286 124,313 5,554,728

 

Proposal 4:  The appointment of MaloneBailey, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified, having received the following votes:

 

For Against Abstain Broker Non-Vote
8,954,145 1,381,222 157,859 0

 

Proposal 5:  To approve an adjournment of the Annual Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of one or more of the foregoing proposals.

 

For Against Abstain Broker Non-Vote
6,736,199 2,616,430 306,596 834,001

 

 

Other than the five proposals summarized above, no other item of business was submitted at the Annual Meeting for stockholder action.

 

 

 2 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Volcon, Inc.
  (Registrant)
   
Date: May 30, 2024 /s/ Greg Endo
  Greg Endo
Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 3 

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Cover
May 28, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 28, 2024
Entity File Number 001-40867
Entity Registrant Name Volcon, Inc.
Entity Central Index Key 0001829794
Entity Tax Identification Number 84-4882689
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 3121 Eagles Nest Street, Suite 120
Entity Address, City or Town Round Rock
Entity Address, State or Province TX
Entity Address, Postal Zip Code 78665
City Area Code (512)
Local Phone Number 400-4271
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol VLCN
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false

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