---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034250"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:54:32.283642+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# JanOne shareholders elect directors, approve 2023 equity plan and preferred stock conversion

## Summary
- Elected Tony Isaac, Richard Butler, Nael Hajjar, John Bitar as directors with ~3.9M votes each; broker non-votes ~1.74M.
- Approved 2023 Equity Incentive Plan: 3,834,918 for, 326,194 against, 4,990 abstain.
- Approved Nasdaq Preferred Stock Conversion Proposal: 3,864,729 for, 185,155 against, 16,218 abstain.
- Ratified Hudgens CPA as independent auditor for fiscal 2024: 5,510,832 for, 73,507 against, 321,373 abstain.

## SEC filing metadata
- accession: 0001628280-23-034250
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000162828023034250/0001628280-23-034250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000162828023034250/jan-20231009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034250
- JSON: https://secwatch.observer/filing/0001628280-23-034250.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034250.txt

## Key facts
- Shareholder Votes
  AI Financial Corp shareholders approved Ratification of Independent Accounting Firm at the 2023-10-09 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-10-09
  source text: Proposal No. 4 – Ratification of Independent Accounting Firm The Company’s stockholders ratified the appointment of Hudgens CPA, PLLC as the Company’s independent registered public accounting firm for fiscal 2024. Votes For Against Abstain 5,510,832 73,507 321,373
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828023034250/0001628280-23-034250-index.htm
- Shareholder Votes
  AI Financial Corp shareholders approved Election of Directors at the 2023-10-09 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-10-09
  source text: On October 9, 2023, JanOne Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) to vote on the matters disclosed in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on August 28, 2023. The final voting results for the matters submitted to a vote of stockholders were as follows: Proposal No. 1 – Election of Directors At the Annual Meeting, the Company’s stockholders elected the persons listed below as directors for a one-year term expiring on the date of the Annual Meeting in 2024 or until their respective successors are duly elected and qualified: Votes Nominee Name Votes For Votes Withheld Broker Non-Votes Tony Isaac 3,907,992 258,110 1,739,610 Richard D. Butler, Jr. 3,870,056 296,046 1,739,610 Nael Hajjar 3,882,550 283,552 1,739,610 John Bitar 3,883,059 283,043 1,739,610
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828023034250/0001628280-23-034250-index.htm
- Shareholder Votes
  AI Financial Corp shareholders approved Approval of Nasdaq Preferred Stock Conversion Proposal at the 2023-10-09 meeting.
  - Outcome: passed
  - Meeting: 2023-10-09
  source text: Proposal No. 3 – Approval of Nasdaq Preferred Stock Conversion Proposal The Company’s stockholders approved the Nasdaq Preferred Stock Conversion Proposal. Votes For Against Abstain 3,864,729 185,155 16,218
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828023034250/0001628280-23-034250-index.htm
- Shareholder Votes
  AI Financial Corp shareholders approved Approval of the 2023 Equity Incentive Plan at the 2023-10-09 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-10-09
  source text: Proposal No. 2 – Approval of the 2023 Equity Incentive Plan The Company’s stockholders approved the 2023 Equity Incentive Plan. Votes For Against Abstain 3,834,918 326,194 4,990
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828023034250/0001628280-23-034250-index.htm

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