secwatch.observer — SEC 8-K summary
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Issuer:     REMARK HOLDINGS, INC. (—)
CIK:        0001368365
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001368365-24-000094
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Remark issues Series A preferred to CEO with special voting; Series B preferred designated at 15% dividend
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- CEO Kai-Shing Tao acquired 150,000 Series A Preferred shares at $0.001 each under stock purchase agreement.
- Series A shares carry 1,000 votes each, but only on five specific proposals (directors, auditor, redomestication to NV, equity plan, authorized shares).
- Series B Preferred (800k shares) designated with $100 stated value, 15% cumulative quarterly dividend, and two-year redemption lock.
- Bylaws amended to set stockholder meeting quorum at 33.33% of outstanding voting power.
- Company plans redomestication from Delaware to Nevada as one of the voting proposals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368365/000136836524000094/0001368365-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368365/000136836524000094/mark-20241025.htm
  HTML page:      https://secwatch.observer/filing/0001368365-24-000094

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