8-K
filed November 16, 2023, 6:59 PM ET
ticker VIVK
CIK 0001450704
other material
confidence high
sentiment neutral
materiality 0.60
Vivakor stockholders approve 7.04M shares for debt conversion and CEO stock compensation
Vivakor, Inc.
- Approved issuance of 7,042,254 shares to Sellers for forgiveness of $10M principal on Notes at $1.42/share.
- Approved 923,672 CEO Compensation Shares to CEO James Ballengee as part of his $1M annual compensation.
- All six proposals passed with over 91% approval, including authorized share increase to 200 million.
- Shares issued on November 10, 2023 as unregistered securities exempt under Section 4(a)(2) of the Securities Act.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Vivakor, Inc. shareholders approved Approval of CEO Compensation Shares Issuance at the 2023-11-10 meeting.
- Outcome
- passed
- Meeting
- 2023-11-10
Exact text from the filing
Proposal 2 Approval of CEO Compensation Shares Issuance: Votes For Votes Against Votes Abstained Percentage Voted For 9,526,139 762,770 11,767 92.48%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Vivakor, Inc. shareholders approved Approval of Amendment to Articles of Incorporation to amend its federal forum selection provision at the 2023-11-10 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-11-10
Exact text from the filing
Proposal 4 Approval of Amendment to Articles of Incorporation to amend its federal forum selection provision: Votes For Votes Against Votes Abstained Percentage Voted For 9,926,174 362,284 12,218 96.47%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Vivakor, Inc. shareholders approved Approval of Vivakor, Inc. 2023 Equity and Incentive Plan at the 2023-11-10 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-11-10
Exact text from the filing
Proposal 3 Approval of Vivakor, Inc. 2023 Equity and Incentive Plan: Votes For Votes Against Votes Abstained Percentage Voted For 9,495,236 804,471 967 92.18%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Vivakor, Inc. shareholders approved Approval of Acquisition Stock Issuance, pursuant to the Membership Interest Purchase Agreement at the 2023-11-10 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-11-10
Exact text from the filing
Proposal 1 Approval of Acquisition Stock Issuance, pursuant to the Membership Interest Purchase Agreement: Votes For Votes Against Votes Abstained Percentage Voted For 9.872,421 427,484 771 95.84%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Vivakor, Inc. shareholders approved Approval of Amendment to Articles of Incorporation to increase the Company's authorized number of shares of Common Stock to 200 million at the 2023-11-10 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-11-10
Exact text from the filing
Proposal 5 Approval of Amendment to Articles of Incorporation to increase the Company's authorized number of shares of Common Stock to 200 million: Votes For Votes Against Votes Abstained Percentage Voted For 9,450,108 844,481 6,067 91.79%
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Vivakor, Inc. shareholders approved Adjournment of the stockholder meeting at the 2023-11-10 meeting.
- Outcome
- passed
- Meeting
- 2023-11-10
Exact text from the filing
Proposal 6 Adjournment of the stockholder meeting: Votes For Votes Against Votes Abstained Percentage Voted For 9,851,309 442,657 6,710 95.69%
View on SEC.gov
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