UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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(Address of Principal Executive Offices and Zip Code)
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Registrant’s telephone number, including area code:
+86
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405
of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of
this chapter). 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. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
As discussed below under Item 5.07, at the Annual Meeting of Stockholders (the “Annual Meeting”) held on October 18, 2023, the stockholders of ZW Data Action Technologies, Inc. (the “Company”) approved an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s common stock, par value $0.001 per share, from 20,000,000 shares to 50,000,000 shares. The amendment to the Articles of Incorporation will become effective upon filing with, and acceptance for record by, the Secretary of State of Nevada. A copy of the Amendment to our Articles of Incorporation to be filed effecting the increase in authorized common stock of the Company is attached hereto as Exhibit 3.1 and is incorporated by reference herein.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of stockholders on October 18, 2023. The voting results are as follows:
1. Election of Directors.
All of the following five nominees were elected to the Company’s Board of Directors to serve until the next annual meeting and their successors have been elected and qualified, in accordance with the voting results listed below.
| For | Against | Abstain |
Broker Non-Votes | |||||
| Handong Cheng | 2,889,937 | 0 | 26,736 | 1,414,640 | ||||
| George Kai Chu | 2,889,895 | 0 | 26,778 | 1,414,640 | ||||
| Zhiqing Chen | 2,889,088 | 0 | 27,585 | 1,414,640 | ||||
| Chang Qiu | 2,889,068 | 0 | 27,605 | 1,414,640 | ||||
| Pau Chung Ho | 2,886,680 | 0 | 29,993 | 1,414,640 |
2. Ratification of the Company’s Independent Accountants.
The Company’s stockholders ratified the appointment of ARK Pro CPA & Co. as the Company’s independent accountants for fiscal 2023, in accordance with the voting results listed below.
| For | Against | Abstain |
Broker Non-Votes | |||
| 4,255,910 | 57,799 | 17,604 | - |
3. Advisory vote on Executive Compensation.
| For | Against | Abstain | Broker Non-Votes | |||
| 2,876,313 | 34,509 | 5,851 | 1,414,640 |
4. Amendment to Articles of Incorporation to increase authorized shares of Common Stock.
| For | Against | Abstain | Broker Non-Votes | |||
| 4,180,618 | 130,947 | 19,748 | - |
5. Ratification of the Company’s 2023 Omnibus Equity Incentive Plan.
| For | Against | Abstain | Broker Non-Votes | |||
| 2,874,635 | 33,206 | 8,832 | 1,414,640 |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits filed or furnished with this report are listed in the following Exhibit Index:
| Exhibit No. | Description | |
| 3.1 | Amendment to the Articles of Incorporation | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
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.
| Dated: October 19, 2023 | ZW Data Action Technologies, Inc. |
| By: /s/ Cheng Handong | |
| Name: Cheng Handong | |
| Title: Chief Executive Officer |