8-K
filed July 10, 2023, 7:59 PM ET
ticker FRMM
CIK 0001690080
other material
confidence high
sentiment neutral
materiality 0.60
Stockholders approve 4.9x increase in equity plan shares to 470,000; officer liability amendment fails
FORUM MARKETS Inc
- Four Class I directors elected: Steinman, Woody, Ray, Knuettel II; say-on-pay passes with 667,284 votes for.
- First Amendment to 2022 Omnibus Incentive Plan approved, raising share limit from 120,000 to 470,000.
- Proposal to limit officer liability under certificate of incorporation failed (677,999 for; 23,817 against; 2,499,714 broker non-votes).
- Advisory vote on executive compensation frequency set to annual; next frequency vote no later than 2029 annual meeting.
- Ratification of Marcum LLP as independent auditor for FY 2023 approved with 3,201,722 votes for.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FORUM MARKETS Inc shareholders approved Ratification of Marcum LLP as independent auditors for fiscal year 2023 at the 2023-12-31 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-31
Exact text from the filing
Proposal 5 A management proposal to ratify the appointment of Marcum LLP, as the Company’s independent auditors for the fiscal year ending December 31, 2023, was approved by the following vote: For Against Abstain Broker Non-Votes 3,201,722 4,409 1,045 -0-
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FORUM MARKETS Inc shareholders rejected Amendment to Second Amended and Restated Certificate of Incorporation to limit liability of certain officers.
- Proposal
- charter amendment
- Outcome
- failed
Exact text from the filing
Proposal 6 A management proposal to approve an amendment to the Company’s Second Amended and Restated Certificate of Incorporation to limit the liability of certain officers of the Company, was not approved due to such proposal not receiving the required affirmative vote of a majority of the Company’s voting shares as of the record date for the Annual Meeting, with stockholders voting as follows: For Against Abstain Broker Non-Votes 677,999 23,817 5,646 2,499,714
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FORUM MARKETS Inc shareholders approved Election of four Class I directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
The four individuals listed below were elected at the Annual Meeting to serve as Class I directors of the Company, each to serve a term of two years and until their respective successors have been elected and qualified, or until such director’s resignation or removal, by the following vote: For Withhold Broker Non-Votes Lawrence Steinman 697,476 9,986 2,499,714 James N. Woody 684,530 22,932 2,499,714 Russell T. Ray 580,963 126,499 2,499,714 Francis Knuettel II 697,621 9,841 2,499,714
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FORUM MARKETS Inc shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
Proposal 4 The stockholders voted, on an advisory (non-binding) basis, on the frequency with which the Company should hold future advisory votes on executive compensation, as set forth below: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 657,503 43,168 6,302 489 2,499,714
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FORUM MARKETS Inc shareholders approved Advisory vote on named executive officer compensation.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal 3 A management proposal to approve on an advisory (non-binding) basis named executive officer compensation, as described in the Proxy Statement, was approved by the following vote: For Against Abstain Broker Non-Votes 667,284 39,371 807 2,499,714
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FORUM MARKETS Inc shareholders approved Approval of the First Amendment to the 180 Life Sciences Corp. 2022 Omnibus Incentive Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal 2 A management proposal to approve the adoption of the First Amendment to the 180 Life Sciences Corp. 2022 Omnibus Incentive Plan, was approved by the following vote: For Against Abstain Broker Non-Votes 668,814 37,713 935 2,499,714
View on SEC.gov
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