---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007630"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:11:27.390755+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Kartoon Studios shareholders approve increase in authorized common shares to 190M

## Summary
- Proposal 1 approved: authorized common shares raised from 40M to 190M; total capital stock increased from 50M to 200M.
- Vote on Proposal 1: 5,735,543,220 for, 2,736,775,100 against, 38,048,010 abstentions.
- Proposal 2 (adjournment) also approved: 5,807,145,746 for, 2,625,109,550 against, 78,111,034 abstentions.

## SEC filing metadata
- accession: 0001683168-23-007630
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316823007630/0001683168-23-007630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316823007630/kartoon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007630
- JSON: https://secwatch.observer/filing/0001683168-23-007630.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007630.txt

## Key facts
- Shareholder Votes
  Kartoon Studios, Inc. shareholders approved Increase authorized shares of Common Stock from 40,000,000 to 190,000,000 with a corresponding increase in total authorized shares from 50,000,000 to 200,000,000 at the 2023-11-01 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-11-01
  source text: Proposal 1: To approve a proposed amendment to our Articles of Incorporation to increase our authorized shares of Common Stock from 40,000,000 shares to 190,000,000 shares with a corresponding increase in the total number of authorized shares of capital stock of the Company from 50,000,000 shares to 200,000,000 shares (the “ Authorized Share Increase Proposal ”). This proposal was approved by the stockholders, based on the following votes: Votes For Votes Against Votes Abstaining Broker Non-Votes 5,735,543,220 2,736,775,100 38,048,010 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000168316823007630/0001683168-23-007630-index.htm
- Shareholder Votes
  Kartoon Studios, Inc. shareholders approved Adjourn the special meeting one or more times to solicit additional proxies if there are insufficient votes for Proposal 1 at the 2023-11-01 meeting.
  - Outcome: passed
  - Meeting: 2023-11-01
  source text: Proposal 2: To approve a proposal to adjourn the Special Meeting one or more times to solicit additional proxies if there are insufficient votes at the time of the meeting to adopt Proposal 1 (the “ Adjournment Proposal ”). This proposal was approved by stockholders, based on the following votes: Votes For Votes Against Votes Abstaining Broker Non-Votes 5,807,145,746 2,625,109,550 78,111,034 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000168316823007630/0001683168-23-007630-index.htm

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