false 0001123596 0001123596 2024-06-21 2024-06-21
 
 
Form 8-K
U.S. SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
Date of Report
June 21, 2024
BAB, Inc.
(Name of small business issuer in its charter)
 
 
Delaware
0-31555
36-4389547
(State or other jurisdiction of
Commission
(I.R.S. Employer
incorporation or organization)
file number
Identification Number)
 
 
500 Lake Cook Road, Suite 475, Deerfield, IL 60015
(Address of principal executive offices) (Zip Code)
 
 
Issuer's telephone number (847) 948-7520
 
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
BABB
OTCQB
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
Emerging growth company        ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
 
Item 5.07 Submission of Matters to a Vote of Security Holders
 
The annual meeting of shareholders of BAB, Inc. was held on Friday, June 21, 2024. The shareholders voted, either in person or by proxy on the following proposals, with the final result of the shareholder vote as follows:
 
 
1.
To elect four Directors to serve for a one-year term expiring when their successors are elected and qualified at the annual meeting in 2025.
 
 
Votes For
Votes Withheld
Broker Non-Votes
       
01 Michael Evans
3,424,641
533,504
1,094,345
02 Steven Feldman
3,436,141
522,004
1,094,345
03 James Lentz
3,436,141
522,004
1,094,345
04 Michael Murtaugh
3,397,625
560,520
1,094,345
 
 
 
2.
To act upon a proposal to ratify the appointment of Sassetti LLC as independent auditors of the Company for the fiscal year ending November 30, 2024.
 
Votes For
Against
Abstain
Broker Non-Votes
       
5,028,609 21,128 2,753 -
 
 
 
3.
To provide, on an advisory basis, approval on the compensation of the Company’s Named Executive Officers.
 
Votes For
Against
Abstain
Broker Non-Votes
       
3,856,317 42,030 59,798 1,094,345
 
 
 
4.
 To provide, on an advisory basis, a recommendation to select a frequency of future advisory votes on executive compensation.
 
1 Year
2 Year
3 Year
Abstain
       
1,613,764 119,385 2,196,303 28,693
 
The Company will include a proposal to provide, on an advisory basis, approval of the compensation of the Company’s Named Executive Officers every three years, following the nonbinding frequency recommendation of the shareholders.
 
Signatures
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
BAB, Inc.  
(Registrant)  
   
By: /s/ Michael W. Evans  
Michael W. Evans, Chief Executive Officer  
 
 
Date: June 21, 2024