Versus Systems effects 1:16 reverse stock split to regain Nasdaq compliance; annual meeting results

Versus Systems Inc.

Reverse split effective December 29, 2023, reduces outstanding shares from 40,096,440 to 2,506,015.
Company received Nasdaq bid-price noncompliance notices on Jan 23 and July 25, 2023; compliance deadline is Jan 22, 2024.
Annual meeting held Dec 29, 2023; shareholders fixed board at seven and elected all director nominees (Pierce, Peymani, Barrera, Gahagan, Goldner, Catzel, Pruitt).
RJI International CPAs ratified as auditors for fiscal 2024; board authorized to set auditor remuneration.
No fractional shares issued; adjustments made to outstanding warrants/options per split ratio.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Versus Systems Inc. shareholders approved Authorize directors to determine remuneration of RJI International CPAs, Chartered Accountants at the 2023-12-29 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-12-29

Exact text from the filing

4. A proposal to authorize the directors of the Company to determine the remuneration to be paid to RJI International CPAs, Chartered Accountants: For Against Abstain 1,030,985 6,054 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Versus Systems Inc. shareholders approved Appoint RJI International CPAs, Chartered Accountants as auditors at the 2023-12-29 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-12-29

Exact text from the filing

3. A proposal to appoint RJI International CPAs, Chartered Accountants as the auditors of the Company until the next annual meeting of shareholders or until his or her office is earlier vacated: For Against Abstain Non-Vote 1,260,872 0 1,561 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Versus Systems Inc. shareholders approved Election of directors at the 2023-12-29 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-12-29

Exact text from the filing

2. A proposal to elect the directors of the Company for the ensuing year: Director’s Name Votes For Votes Withheld Matthew Pierce 1,031,238 5,802 Keyvan Peymani 1,029,670 7,370 Juan Carlos Barrera 1,031,718 5,322 Michelle Gahagan 1,031,172 5,868 Luis Goldner 1,031,585 5,455 David Catzel 1,031,709 5,331 Shannon Pruitt 1,031,245 5,794

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Versus Systems Inc. shareholders approved Fix the number of directors at seven at the 2023-12-29 meeting.

Outcome: passed
Meeting: 2023-12-29

Exact text from the filing

1. A proposal to fix the number of directors of the Company at seven: For Against Abstain Non-Vote 1,206,840 54,900 0 0

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Versus Systems Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-003338

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