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
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(State or other jurisdiction of incorporation) |
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
The |
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. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
The 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) of Loop Industries, Inc. (the “Company”) was held virtually on June 28, 2024. At the 2024 Annual Meeting, the Company’s stockholders elected Laurent Auguste, Jonghyuk Lee, Louise Sams, Laurence Sellyn and Jay Stubina to serve as members of the Board of Directors of the Company (the “Board”) until the 2025 Annual Meeting of Stockholders or until their respective successors have been elected and qualified. On June 27, 2024, Daniel Solomita was elected to the Board upon the affirmative vote of the sole holder of the Company’s Series A Preferred Stock, resulting in a total of six directors. In addition, the Company’s stockholders took the following actions at the 2024 Annual Meeting: (i) the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 28, 2025 was ratified; and (ii) a proposal for advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement was approved.
The proposals below are described in detail in the Company’s definitive proxy statement dated May 29, 2024. The voting results for each proposal were as follows:
Proposal 1: Election of five directors to hold office until the 2025 Annual Meeting of Stockholders or until their respective successors have been elected and qualified:
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| For |
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| Withheld |
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| Broker Non-Votes |
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Laurent Auguste |
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| 99,113,775 |
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| 235,542 |
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| 4,817,689 |
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Jonghyuk Lee |
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| 99,102,014 |
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| 247,303 |
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| 4,817,689 |
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Louise Sams |
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| 99,084,947 |
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| 264,370 |
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| 4,817,689 |
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Laurence Sellyn |
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| 99,185,702 |
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| 163,615 |
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| 4,817,689 |
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Jay Stubina |
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| 99,060,401 |
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| 288,916 |
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| 4,817,689 |
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Proposal 2: Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 28, 2025:
For |
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| Against |
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| Abstain |
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| 104,145,766 |
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| 13,256 |
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| 7,984 |
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Proposal 3: Vote to approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the proxy statement:
For |
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| Against |
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| Abstain |
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| Broker Non-Votes |
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| 98,880,521 |
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| 431,587 |
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| 37,209 |
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| 4,817,689 |
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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.
| LOOP INDUSTRIES, INC. |
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Date: July 3, 2024 | By: | /s/ Fady Mansour |
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| Fady Mansour |
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| Chief Financial Officer |
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| -3- |