---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-042373"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:35:57.970000+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Netcapital shareholders elect five directors, ratify auditor at annual meeting

## Summary
- All five nominees (Kay, Lenk, Liss, Geary, Scott) elected with 3.28M-3.33M votes for, 188K-241K withheld; 2.1M broker non-votes.
- Ratification of Fruci & Associates II, PLLC as auditor for FY ending April 2024: 4.75M for, 864K against, 3.9K abstentions.
- Quorum of 5.62M shares (59.6% of 9.43M outstanding) present at November 21, 2023 meeting.

## SEC filing metadata
- accession: 0001493152-23-042373
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315223042373/0001493152-23-042373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315223042373/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-042373
- JSON: https://secwatch.observer/filing/0001493152-23-042373.json
- Plain text: https://secwatch.observer/filing/0001493152-23-042373.txt

## Key facts
- Shareholder Votes
  Netcapital Inc. shareholders approved Ratification of the appointment of Fruci & Associates II, PLLC as the Company's accounting firm for the fiscal year ending April 30, 2024 at the 2023-11-21 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-11-21
  source text: The appointment of Fruci & Associates II, PLLC as the Company's accounting firm for the fiscal year ending April 30, 2024 was ratified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315223042373/0001493152-23-042373-index.htm
- Shareholder Votes
  Netcapital Inc. shareholders approved Election of directors Martin Kay, Cecilia Lenk, Avi Liss, Steven Geary and Arnold Scott at the 2023-11-21 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-11-21
  source text: Martin Kay, Cecilia Lenk, Avi Liss, Steven Geary and Arnold Scott were elected to serve until the Company's next annual meeting of stockholders or until their successors are elected and qualified, or until their earlier death, resignation or removal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315223042373/0001493152-23-042373-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.