Focus Universal shareholders approve 10x increase in authorized shares to 750M

FOCUS UNIVERSAL INC.

Directors elected: Dr. Desheng Wang (25.35M for), Dr. Edward Lee (24.90M for), Michael Pope (24.31M for), Carine Clark (24.53M for), Sean Warren (25.29M for).
Ratification of Reliant CPA PC as auditor for FY2023 passed with 26.88M votes for, 55,469 against.
Amendment to increase authorized common stock from 75M to 750M shares approved with 26.52M votes for, 417,288 against.
Quorum established with 26.94M of 43.18M outstanding shares represented at the meeting.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FOCUS UNIVERSAL INC. shareholders approved Approval of an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of the Company's common stock, $0.001 par value per share, from 75,000,000 to 750,000,000. at the 2023-05-18 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

3. Proposal Three – Approval of Amendment to the Company’s Articles of Incorporation . The approval of an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s common stock, $0.001 par value per share, from 75,000,000 to 750,000,000. The votes cast were as follows: Votes For Votes Against Abstentions Broker Non-Votes 26,516,516 417,288 3,639 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FOCUS UNIVERSAL INC. shareholders approved Ratification of the appointment of Reliant CPA PC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-18 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

2. Proposal Two – Ratification of Selection of Independent Registered Public Accounting Firm . The ratification of the appointment of Reliant CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The votes cast were as follows: Votes For Votes Against Abstentions Broker Non-Votes 26,879,628 55,469 2,346 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FOCUS UNIVERSAL INC. shareholders approved Election of the following named persons to serve as members of the Board of Directors of the Company until the annual meeting of shareholders to be held in 2024 (or action by written consent of shareholders in lieu thereof), or until their successors have been duly elected and qualified. at the 2023-05-18 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

1. Proposal One – Election of Directors . The election of the following named persons to serve as members of the Board of Directors of the Company until the annual meeting of shareholders to be held in 2024 (or action by written consent of shareholders in lieu thereof), or until their successors have been duly elected and qualified. The votes cast were as follows: Nominee Votes For Votes Against Votes Withheld Broker Non-Votes Dr. Desheng Wang 25,350,747 19,292 1,125 1,566,279 Dr. Edward Lee 24,900,859 466,258 4,047 1,566,279 Michael Pope 24,313,439 1,056,600 1,125 1,566,279 Carine Clark 24,531,497 838,542 1,125 1,566,279 Sean Warren 25,290,378 75,195 5,591 1,566,279

View on SEC.gov

220 shareholder votes filed in the last 30 days. Browse all shareholder votes →

FOCUS UNIVERSAL INC. filing history →

Source: SEC EDGAR

accession 0001683168-23-004057

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