---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-009051"
form_type: "8-K"
ticker: "VSTD"
cik: "0001898604"
company_name: "Vestand Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:18:32.922452+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

# Stockholders approve forward split, share increase, change-of-control issuance, and three new directors

## Summary
- Approved 4-for-1 forward stock split of Class A and Class B common stock; each holder receives three additional shares per share held.
- Authorized shares increased from 50M to 100M; approved issuance of up to 2,720,000 Class A shares resulting in a change of control.
- Elected three new directors: Abe Lim, Jae-Hyo Seo, and Sungjoon Chae, each receiving >99% of votes cast.
- Charter amended to modify automatic conversion of Class B shares and corporate action voting requirements.
- All proposals required 65% of outstanding shares; each passed with >99% of votes cast in favor.

## SEC filing metadata
- accession: 0001641172-25-009051
- form_type: 8-K
- ticker: VSTD
- cik: 0001898604
- company_name: Vestand Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 5.02, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-009051
- JSON: https://secwatch.observer/filing/0001641172-25-009051.json
- Plain text: https://secwatch.observer/filing/0001641172-25-009051.txt

## Key facts
- Executive change
  Sungjoon Chae was elected as Director at Vestand Inc..
  - Action: elected
  - Role: Director
  source text: the stockholders approved the election to the board of directors of Abe Lim, Jae-Hyo Seo and Sungjoon Chae.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm
- Executive change
  Jae-Hyo Seo was elected as Director at Vestand Inc..
  - Action: elected
  - Role: Director
  source text: the stockholders approved the election to the board of directors of Abe Lim, Jae-Hyo Seo and Sungjoon Chae.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm
- Executive change
  Abe Lim was elected as Director at Vestand Inc..
  - Action: elected
  - Role: Director
  source text: the stockholders approved the election to the board of directors of Abe Lim, Jae-Hyo Seo and Sungjoon Chae.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm
- Governance Changes
  Vestand Inc.: Increased authorized shares of capital stock from 50,000,000 to 100,000,000.
  - Change: charter amendment
  source text: the stockholders approved a proposal for an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s capital stock from 50,000,000 to 100,000,000 ( “ Authorized Share Increase Proposal ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm
- Governance Changes
  Vestand Inc.: Amended Charter Sections IV(d)(ii) (Class B Common Stock automatic conversion) and VII (stockholder meeting corporate action).
  - Change: charter amendment
  source text: At the Special Meeting, the stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “ Charter ”), to amend (i) Section IV (d) (ii) of the Charter relating to the automatic conversion provisions of the Class B shares of Common Stock, par value $0.0001 per share (“Class B Common Stock”), and (ii) Section VII of the Charter relating to corporate action taken at any annual or special meeting of the stockholders (the “ Charter Amendment Proposal ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000164117225009051/0001641172-25-009051-index.htm

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