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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): September 13, 2021

 

Cipherloc Corporation

(Exact name of registrant as specified in its charter)

 

Texas    000-28745   86-0837077
(State or other jurisdiction   (Commission   IRS Employer
of incorporation or organization)   File Number)   Identification No.)

 

6836 Bee Caves Road

Building 1, Suite 279

Austin, TX 78746

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (512) 772-4245

 

 

(Former name or former address, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act: None

 

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:

 

Written communication 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 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 September 13, 2021, Cipherloc Corporation (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). A total of 69,368,876 shares of common stock, constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. 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 September 13, 2021 are as follows:

 

Proposal 1. All of the four (4) nominees for director were elected to serve until the 2022 Annual Meeting of Stockholders or until their respective successors have been duly elected and qualified, or until such director’s earlier resignation, removal or death. The result of the votes to elect the four (4) directors was as follows:

 

Directors   For     Against     Abstain     Broker Non Vote  
Tom Wilkinson     58,128,399       0       2,005,771       9,234,706  
Anthony Ambrose     57,920,569       0       1,389,291       10,059,016  
David Chasteen     58,146,132       0       2,008,415       9,214,329  
Sammy Davis DrPH     57,942,070       0       1,367,790       10,059,016  

 

Proposal 2. The appointment of Briggs & Veselka Co. as the Company’s independent registered public accounting firm for its fiscal year ended September 30, 2021 was ratified and approved by the stockholders by the votes set forth in the table below:

 

For   Against   Abstain   Broker Non Vote
66,796,598   723,424   1,054,341   794,513

 

Proposal 3. The adoption of the Company’s 2021 Omnibus Equity Incentive Plan and the reservation of 8,000,000 shares for issuance thereunder was approved by the stockholders by the votes set forth in the table below:

 

For   Against   Abstain   Broker Non Vote
50,590,144   7,596,837   1,017,471   10,164,424

 

Proposal 4. The reincorporation of the Company from the State of Texas to the State of Delaware was approved by the stockholders by the votes set forth in the table below:

 

For   Against   Abstain   Broker Non Vote
58,441,093   609,956   153,403   10,164,424

 

Proposal 5. Discretionary authority to our board of directors (i) amend our proposed Delaware certificate of incorporation, after the Company effectuates its reincorporation to the State of Delaware, to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of 1-for-2 to a maximum of a 1-for-20 split, with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal was approved by the stockholders by the votes set forth in the table below:

 

For   Against   Abstain   Broker Non Vote
62,452,465   5,491,535   630,362   794,514

 

Proposal 6. An amendment of the Company’s Amended and Restated Articles of Incorporation, as amended, to eliminate the shareholders’ statutory preemptive rights pursuant to Section 21.208 of the Texas Business Organizations Code in the event that the reincorporation of the Company from the State of Texas to the State of Delaware is not consummated was approved by the stockholders by the votes set forth in the table below:

 

For   Against   Abstain   Broker Non Vote
56,693,219   2,273,309   237,924   10,164,424

 

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Proposal 7. The named executive compensation was approved, by non-binding advisory vote, by the stockholders by the votes set forth in the table below:

 

For   Against   Abstain   Broker Non Vote
56,159,598   1,868,600   1,176,254   10,164,424

 

Proposal 8. A 3 year frequency of future non-binding advisory votes on resolutions approving future named executive officer compensation was approved by the stockholders.

 

1 Year   2 Years   3 Years   Abstain   Broker Non Vote
14,788,493   691,899   42,627,825   1,096,217   10,164,442

 

Based on these results and consistent with the Company’s recommendation, the Company’s Board of Directors has adopted a policy to hold an advisory vote on the compensation of the Company’s named executive officers every three years, until the next advisory vote on the frequency of stockholder votes on the compensation of the Company’s named executive officers.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.   Description
99.2   Press release, dated September 14, 2021
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURE

 

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.

 

Dated: September 14, 2021

 

  CIPHERLOC CORPORATION
     
  By: /s/ Ryan Polk
    Ryan Polk
    Chief Financial Officer

 

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