--- schema_version: "secwatch.filing_event.v1" accession: "0000924168-23-000069" form_type: "8-K" ticker: "EFOI" cik: "0000924168" company_name: "ENERGY FOCUS, INC/DE" filed_at: "2023-06-22T23:59:59+00:00" generated_at: "2026-06-13T19:36:00.431438+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Energy Focus stockholders approve 1-for-7 reverse stock split; effective June 16, 2023 ## Summary - Stockholders approved reverse stock split at ratio of 1-for-7; board set ratio on June 15, 2023. - Effective June 16, 2023; shares reduced from ~19.2M to ~2.7M; authorized shares unchanged at 50M. - Trading on split-adjusted basis began June 20, 2023; ticker symbol EFOI remains. - Eight directors elected; ratification of GBQ Partners as auditor; advisory vote on executive compensation passed. ## SEC filing metadata - accession: 0000924168-23-000069 - form_type: 8-K - ticker: EFOI - cik: 0000924168 - company_name: ENERGY FOCUS, INC/DE - filed_at: 2023-06-22T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 3.03, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/0000924168-23-000069-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/efoi-20230615.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000924168-23-000069 - JSON: https://secwatch.observer/filing/0000924168-23-000069.json - Plain text: https://secwatch.observer/filing/0000924168-23-000069.txt ## Key facts - Governance Changes ENERGY FOCUS, INC/DE: Amended certificate of incorporation to effect a 1-for-7 reverse stock split (effective 2023-06-16). - Change: charter amendment - Effective: 2023-06-16 source text: The Certificate of Amendment was filed with the Secretary of State of the State of Delaware on June 15, 2023, and the Reverse Stock Split became effective at 5:00 pm Eastern time on June 16, 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/0000924168-23-000069-index.htm - Shareholder Votes ENERGY FOCUS, INC/DE shareholders approved Approval of a discretionary amendment to the Company’s certificate of incorporation, as amended, to effect a reverse stock split of the Company’s common stock at a ratio of at least 1-for-2 and up to 1-for-10, with the exact ratio within the foregoing range to be determined by the Company’s board of at the 2023-06-15 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-15 source text: Proposal 2: Approval of a discretionary amendment to the Company’s certificate of incorporation, as amended, to effect a reverse stock split of the Company’s common stock at a ratio of at least 1-for-2 and up to 1-for-10, with the exact ratio within the foregoing range to be determined by the Company’s board of directors: For Against Abstain 11,730,677 1,239,831 14,102 evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/0000924168-23-000069-index.htm - Shareholder Votes ENERGY FOCUS, INC/DE shareholders approved Election of Directors at the 2023-06-15 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-15 source text: Proposal 1: Election of Directors: Director Nominees For Withheld Broker Non-Votes Wen-Jeng Chang 9,594,060 922,485 2,468,065 Jennifer Cheng 3,919,240 6,597,305 2,468,065 K.R. “Kaj” den Daas 4,255,934 6,260,611 2,468,065 Jay (Chiao Chieh) Huang 9,691,075 825,470 2,468,065 Gina (Mei Yun) Huang 9,701,856 814,689 2,468,065 Brian Lagarto 4,267,535 6,249,010 2,468,065 Jeffery Parker 4,258,999 6,257,546 2,468,065 Stephen Socolof 3,932,739 6,583,806 2,468,065 evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/0000924168-23-000069-index.htm - Shareholder Votes ENERGY FOCUS, INC/DE shareholders approved Ratification of the appointment of GBQ Partners LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-15 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-15 source text: Proposal 3: Ratification of the appointment of GBQ Partners LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2023: For Against Abstain 9,906,835 3,068,055 9,720 evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/0000924168-23-000069-index.htm - Shareholder Votes ENERGY FOCUS, INC/DE shareholders approved Approval, on an advisory basis, of the compensation of our named executive officers at the 2023-06-15 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-15 source text: Proposal 4: Approval, on an advisory basis, of the compensation of our named executive officers: For Against Abstain Broker Non-Votes 7,973,490 2,501,004 42,051 2,468,065 evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000069/0000924168-23-000069-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.