Item 5.07
Submission of Matters to a Vote of Security Holders.
On August 25, 2016, Clean Diesel Technologies, Inc. held a special meeting of stockholders in Oxnard, California. At the special meeting, there were 3,915,493 shares entitled to vote, and 1,494,776 shares (38.2%) were represented at the meeting in person or by proxy. All share numbers in this Current Report on Form 8-K give effect to the 1-for-5 reverse split of our outstanding shares of common stock that occurred on July 22, 2016, following the record date for the special meeting.
At the special meeting, our stockholders voted in favor of the following two proposals:
·
to approve, in exchange for outstanding promissory notes and other evidences of debt in the aggregate principal amount of $7,500,000 plus accrued but unpaid interest thereon (the Kanis Indebtedness), the issuance of a number of shares of our common stock determined by dividing the Kanis Indebtedness as of the date of the exchange by $1.6215; and
·
to approve, in exchange for an outstanding promissory note in the aggregate principal amount of $500,000 plus accrued but unpaid interest thereon (the Bell Indebtedness), the issuance of a number of shares of our common stock determined by dividing the Bell Indebtedness as of the date of the exchange by $1.6215.
The following summarizes vote results for those matters submitted to our stockholders for action at the special meeting:
1.
Proposal to approve, in exchange for the Kanis Indebtedness, the issuance of a number of shares of our common stock determined by dividing the Kanis Indebtedness as of the date of the exchange by $1.6215.
For
|
|
Against
|
|
Abstain
|
|
Broker Non-Votes
|
|
|
|
|
|
|
|
1,276,260
|
|
121,941
|
|
96,575
|
|
0
|
2.
Proposal to approve, in exchange for the Bell Indebtedness, the issuance of a number of shares of our common stock determined by dividing the Bell Indebtedness as of the date of the exchange by $1.6215.
For
|
|
Against
|
|
Abstain
|
|
Broker Non-Votes
|
|
|
|
|
|
|
|
1,284,306
|
|
120,810
|
|
89,660
|
|
0
|
2