8-K
filed May 26, 2023, 7:59 PM ET
CIK 0001025561
other material
confidence high
sentiment neutral
materiality 0.60
SharpLink Gaming shareholders approve share issuance to Alpha Capital and increase quorum at 2023 annual meeting
SharpLink Gaming Ltd.
- Re-elected directors Joseph Housman, Rob Phythian, Chris Nicholas, Paul Abdo, and Tom Doering for the next year.
- Approved issuance of ordinary shares exceeding 19.99% to Alpha Capital upon conversion of 8% senior convertible debenture.
- Increased quorum for shareholder meetings from 25% to 33 1/3% of outstanding ordinary shares.
- Ratified Cherry Bekaert as independent auditor for fiscal year 2023.
- Adopted non-binding say-on-pay proposal with a one-year frequency for future advisory votes.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
SharpLink Gaming Ltd.: Shareholders approved amending the Second Amended and Restated Articles of Association to increase the quorum requirement from more than 25% of voting power to at least 33 1/3% of issued and outstanding Ordinary Shares (effective 2023-05-26).
- Change
- bylaw amendment
- Effective
- 2023-05-26
Exact text from the filing
holders have approved the amendment to the Articles to increase the quorum necessary for the transaction of business at a meeting of shareholders from the presence of two or more shareholders holding in the aggregate more than 25% of the total voting power attached to the Company’s Ordinary Shares represented in person or by proxy at a meeting to at least 33 1/3% of the issued and outstanding Ordinary Shares.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SharpLink Gaming Ltd. shareholders approved Approval to Amend the Second Amended and Restated Articles of Association at the 2023-05-25 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
4. Approval to Amend the Second Amended and Restated Articles of Association Shareholders have approved the amendment to the Articles to increase the quorum necessary for the transaction of business at a meeting of shareholders from the presence of two or more shareholders holding in the aggregate more than 25% of the total voting power attached to the Company’s Ordinary Shares represented in person or by proxy at a meeting to at least 33 1/3% of the issued and outstanding Ordinary Shares. For Against Abstain Broker Non-Votes 5,451,538 146,700 19,512 2,711,652
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SharpLink Gaming Ltd. shareholders approved Approval of Issuance of Ordinary Shares at the 2023-05-25 meeting.
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
3. Approval of Issuance of Ordinary Shares Shareholders have approved the issuance of ordinary shares, nominal value NIS 0.60* (the “Ordinary Shares”) in excess of 19.99% of the issued and outstanding Ordinary Shares in the event that Alpha Capital Anstalt (“Alpha”) elects to convert the 8% Interest Rate, 10% Original Issue Discount, Senior Convertible Debenture into Ordinary Shares and the exercise of a warrant to purchase 880,000* Ordinary Shares, both issued in connection with the securities purchase agreement entered by and between the Company and Alpha, dated February 14, 2023, in accordance with Nasdaq Listing Rule 5635(d). (* Denotes nominal value and number of Ordinary Shares after giving effect to the one-for-ten reverse stock split completed on April 25,2023) For Against Abstain Broker Non-Votes 5,303,719 259,514 54,517 2,711,652
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SharpLink Gaming Ltd. shareholders approved Non-Binding Advisory Vote to Approve Executive Compensation (“Say on Pay”) at the 2023-05-25 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
5. Non-Binding Advisory Vote to Approve Executive Compensation (“Say on Pay”) Shareholders have approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers. For Against Abstain Broker Non-Votes 5,351,402 252,933 13,415 2,711,652
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SharpLink Gaming Ltd. shareholders approved Re-Election of Directors at the 2023-05-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
1. Re-Election of Directors Shareholders have approved the re-election of Messrs. Joseph Housman, Rob Phythian, Chris Nicholas, Paul Abdo and Tom Doering to hold office until the Company’s 2024 Annual General Meeting of Shareholders and until their successors are elected and qualified. For Against Abstain Broker Non-Votes Robert Phythian 5,316,505 250,293 50,952 2,711,652 Christopher Nicholas 4,053,198 238,084 1,316,468 2,711,652 Joseph Housman 5,146,571 237,660 233,519 2,711,652 Paul Abdo 5,326,743 228,969 62,038 2,711,652 Thomas Doering 5,327,168 228,544 62,038 2,711,652
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SharpLink Gaming Ltd. shareholders approved Non-Binding Advisory Vote to Determine Frequency of the Non-Binding Advisory Vote on Say on Pay at the 2023-05-25 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
6. Non-Binding Advisory Vote to Determine Frequency of the Non-Binding Advisory Vote on Say on Pay Shareholders have voted, on a non-binding advisory basis, for the frequency of including a non-binding advisory vote on executive compensation to be one year. One Year Two Years Three Years Abstain 5,491,826 29,581 53,378 42,965
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SharpLink Gaming Ltd. shareholders approved Approval and Ratification of Independent Auditor at the 2023-05-25 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
2. Approval and Ratification of Independent Auditor Shareholders have approved and ratified the appointment of Cherry Bekaert, LLP, a registered public accounting firm, as the Company’s independent auditor for the year ending December 31, 2023 and have authorized the Company’s Board of Directors (the Board”) to fix such accounting firm’s compensation in accordance with the nature of their services or to delegate such power to the Company’s Audit Committee. For Against Abstain Broker Non-Votes 8,094,653 211,469 23,280 —
View on SEC.gov
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