secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2026-06-25T15:41:08+00:00
Accession:  0001628280-26-045393
Event type: other_material
Sentiment:  negative
Materiality: 0.15
Item codes: 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Cat say-on-pay fails; two directors elected despite majority withheld votes
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- Say-on-pay advisory vote failed: 15.2M for, 21.3M against, 0.8M abstentions; did not receive majority of votes cast.
- Directors Liuzza Jr. and Funk II received more withheld votes than 'for' votes (14.3M/22.9M and 14.6M/22.7M respectively).
- Auditor ratification (KPMG) passed overwhelmingly: 70.4M for, 0.6M against, 0.4M abstentions.
- 34.2M broker non-votes on director elections and say-on-pay reflect significant uncast shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000162828026045393/0001628280-26-045393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000162828026045393/rcat-20260618.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-045393

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer