UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On September 6, 2024, the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of BTCS Inc., a Nevada corporation (the “Company”) was held. The following proposals were submitted to a vote by the Company’s stockholders at the Annual Meeting:
| (i) | Elect five members to the Company’s Board of Directors for a one-year term expiring at the next annual meeting of stockholders; | |
| (ii) | Ratify the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; | |
| (iii) | Approve an amendment to the Certificate of Designation of the Series V Preferred Stock to provide the Board of Directors the discretion to convert each share of the Series V Preferred Stock into one share of Common Stock; and | |
| (iv) | Approve an adjournment of the Annual Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the proposals presented for a vote at the Annual Meeting. |
All of these proposals were described in more detail in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission on April 29, 2024. Set forth below are the voting results on the proposals submitted to the stockholders for approval at the Annual Meeting.
Proposal 1. The Company’s stockholders voted to elect the following five directors to hold office for a one-year term expiring at the next annual meeting of stockholders. Each of the five nominees were elected.
| Directors | Votes For | Votes Against | Abstentions | Broker Non-votes | ||||||||||||
| Charles Allen | 7,930,904 | 0 | 434,847 | 2,559,411 | ||||||||||||
| Michal Handerhan | 7,909,567 | 0 | 454,691 | 2,560,904 | ||||||||||||
| Charles Lee | 7,969,014 | 0 | 394,137 | 2,562,011 | ||||||||||||
| Melanie Pump | 8,087,542 | 0 | 277,099 | 2,560,521 | ||||||||||||
| Ashley DeSimone | 7,998,197 | 0 | 367,533 | 2,559,412 | ||||||||||||
Proposal 2. The Company’s stockholders voted to ratify the appointment of RBSM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. Proposal 2 passed.
| Votes For | Votes Against | Abstentions | Broker Non-votes | |||||||||||
| 10,459,796 | 182,330 | 283,033 | 3 | |||||||||||
Proposal 3. The Company’s stockholders voted to approve an amendment to the Certificate of Designation of the Series V Preferred Stock to provide the Board of Directors the discretion to convert each share of the Series V Preferred Stock into one share of Common Stock. Proposal 3 passed.
| Common Stock | ||||||||||||
| Votes For | Votes Against | Abstentions | Broker Non-votes | |||||||||
| 7,963,390 | 285,667 | 116,692 | 2,559,413 | |||||||||
| Series V Preferred Stock | ||||||||||||
| Votes For | Votes Against | Abstentions | Broker Non-votes | |||||||||
| 7,446,795 | 333,300 | 69,193 | 2,369,504 | |||||||||
As there were sufficient votes to approve proposals 1, 2, and 3, proposal 4 was moot.
There were 15,705,415 shares of Common Stock outstanding as of the record date and 14,567,829 shares of Series V Preferred Stock were outstanding as of the record date, which were only entitled to vote on Proposal 3 and Proposal 4 as it pertained to Proposal 3. A total of 10,925,162 shares of Common Stock were voted or represented by proxy, which represented approximately 69.563% of the voting power entitled to vote at the Annual Meeting. A total of 10,218,792 shares of Series V Preferred Stock were voted or represented by proxy, which represented approximately 70.146% of the voting power entitled to vote at the Annual Meeting.
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.
| BTCS INC. | ||
| Date: September 6, 2024 | By: | /s/ Charles W. Allen |
| Name: | Charles W. Allen | |
| Title: | Chief Executive Officer | |