8-K
filed June 15, 2023, 7:59 PM ET
ticker SOBR
CIK 0001425627
other material
confidence high
sentiment neutral
materiality 0.65
SOBR Safe shareholders approve equity plan amendment and warrant price reduction at annual meeting
SOBR Safe, Inc.
- All six proposals approved at June 9, 2023 annual meeting.
- 2019 Equity Incentive Plan amended: shares increased to 3.5M plus annual 5% evergreen.
- Minimum exercise price of common stock purchase warrants reduced from $1.35 to $0.00001.
- Directors elected: Steven Beabout, Noreen Butler, Ford Fay, David Gandini, Sandy Shoemaker.
- Advisory say-on-pay approved; future frequency set to one year.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOBR Safe, Inc. shareholders approved Approval of reduction of minimum exercise price of common stock purchase warrants at the 2023-06-09 meeting.
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
The stockholders approved, for purposes of complying with the provisions of that certain Securities Purchase Agreement dated September 28, 2022, the reduction of the minimum exercise price of common stock purchase warrants issued pursuant thereto from $1.35 to $0.00001, which is the par value of the Company’s Common Stock. Shares FOR Shares AGAINST ABSTAIN 6,145,176 573,401 201,372
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOBR Safe, Inc. shareholders approved Ratification of Indemnification Agreements with executive officers and directors at the 2023-06-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
The stockholders approved the ratification of indemnification agreements entered into by the Company with each of the executive officers and directors of the Company, and further authorized the Company to enter into indemnification agreements in the same form with future executive officers and directors. Shares FOR Shares AGAINST ABSTAIN 6,153,600 203,042 563,307
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOBR Safe, Inc. shareholders approved Amendment of 2019 Equity Incentive Plan at the 2023-06-09 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
The stockholders approved the amendment to the Company’s 2019 Equity Incentive Plan increasing the number of shares of common stock available for issuance thereunder to 3,500,000 shares plus an automatic increase on February 1 of each year equal to 5% of the total number of shares of common stock outstanding on December 31 of the preceding year. Shares FOR Shares AGAINST ABSTAIN 5,920,616 919,049 80,284
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOBR Safe, Inc. shareholders approved Election of directors at the 2023-06-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
Name Shares FOR WITHHOLD Authority To Vote Steven Beabout 6,655,748 264,201 Noreen Butler 6,874,386 45,563 Ford Fay 6,654,779 265,170 David Gandini 6,867,497 52,452 Sandy Shoemaker 6,713,442 206,507
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOBR Safe, Inc. shareholders approved Say-on-Pay advisory vote on executive compensation at the 2023-06-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
The stockholders approved, by a nonbinding “say-on-pay” advisory vote, the compensation of our named executive officers. Shares FOR Shares AGAINST ABSTAIN 6,455,223 390,708 74,018
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOBR Safe, Inc. shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2023-06-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
The stockholders voted to conduct future advisory votes on the compensation of the Company’s named executive officers every one year. One Year Two Years Three Years ABSTAIN 4,427,761 62,032 2,413,238 16,918
View on SEC.gov
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