{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-029957","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.669050+00:00","generated_at":"2026-06-11T04:41:23.918081+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Digital Ally shareholders approve director elections, stock plan amendment, and dilutive securities purchase agreement","bullets":["Elected four directors: Stanton E. Ross, Leroy C. Richie, Daniel F. Hutchins, Michael J. Caulfield; all with >75% votes for.","Amendment to 2022 Stock Option and Restricted Stock Plan approved: 333,004 for, 256,071 against.","Ratification of RBSM LLP as independent accountant for FY2023: 1,329,378 for, 151,912 against.","Approval of securities purchase agreement (April 5, 2023) allowing issuance of 20%+ of common stock upon conversion/exercise of notes and warrants."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-029957","json":"https://secwatch.observer/filing/0001493152-23-029957.json","markdown":"https://secwatch.observer/filing/0001493152-23-029957.md","text":"https://secwatch.observer/filing/0001493152-23-029957.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223029957/0001493152-23-029957-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223029957/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:41:23.918081+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"00ed6967f532cba3cbcc9f5d3f2da14808f3b83e","claim":"KUSTOM ENTERTAINMENT, INC. shareholders approved Approval of the transactions contemplated by the securities purchase agreement, entered into as of April 5, 2023, by and between the Company and investors, including, the issuance of 20% or more of our outstanding shares of Common Stock upon (i) conversion of the senior secured convertible notes due at the 2023-08-23 meeting.","evidence_excerpt":"Proposal Four : Approval of the transactions contemplated by the securities purchase agreement, entered into as of April 5, 2023, by and between the Company and investors, including, the issuance of 20% or more of our outstanding shares of Common Stock upon (i) conversion of the senior secured convertible notes due January 5, 2024, (ii) exercise of Tranche 1 Common Stock Purchase Warrant (iii) exercise of Tranche 2 Common Stock Purchase Warrant; and (iv) exercise of Tranche 3 Common Stock Purchase Warrant, each dated April 5. Votes For Votes Against Abstain Broker Non-Votes 450,962, 134,561 12,106 897,882 The proposal was approved.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223029957/0001493152-23-029957-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-23"}],"fact_type":"shareholder_vote"},{"claim_id":"2302d81c9929dfa90a8fccc8b743bf5499516d71","claim":"KUSTOM ENTERTAINMENT, INC. shareholders approved Ratification of the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-08-23 meeting.","evidence_excerpt":"Proposal Three : Ratification of the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. Votes For Votes Against Abstain 1,329,378 151,912 14,221 The appointment of RBSM LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2023 was ratified.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223029957/0001493152-23-029957-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-23"}],"fact_type":"shareholder_vote"},{"claim_id":"5732a416ad3cbace36d142aac27e413ab46b40e9","claim":"KUSTOM ENTERTAINMENT, INC. shareholders approved Approval of the Amendment to the 2022 Digital Ally, Inc. Stock Option and Restricted Stock Plan (the “Plan Amendment”) at the 2023-08-23 meeting.","evidence_excerpt":"Proposal Two : Approval of the Amendment to the 2022 Digital Ally, Inc. Stock Option and Restricted Stock Plan (the “Plan Amendment”) . Votes For Votes Against Abstain Broker Non-Votes 333,004 256,071 8,554 897,882 The Plan Amendment was approved.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223029957/0001493152-23-029957-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-23"}],"fact_type":"shareholder_vote"},{"claim_id":"5f5b818c893607b456410b8f594fa9351db3c21f","claim":"KUSTOM ENTERTAINMENT, INC. shareholders approved Election of Four Directors of the Company at the 2023-08-23 meeting.","evidence_excerpt":"Proposal One : Election of Four Directors of the Company. Name Votes For Votes Withheld Broker Non-Votes Stanton E. Ross 457,692 139,935 897,882 Leroy C. Richie 353,646 243,983 897,882 Daniel F. Hutchins 464,102 133,527 897,882 Michael J. Caulfield 455,869 141,760 897,882 All nominees were duly elected.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223029957/0001493152-23-029957-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-23"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}