8-K 1 f8k090519_ifreshinc.htm FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

 

September 5, 2019

Date of Report (Date of earliest event reported)

 

iFresh Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38013   82-066764
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

2-39 54th Avenue
Long Island City, NY 11101

(Address of Principal Executive Offices and Zip Code)

 

Registrant’s telephone number, including area code: (718) 628-6200

 

N/A 

(Former name or former address, if changed since last report)

 

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:

 

Written communications pursuant to Rule 425 under the Securities Act

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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
Common Stock, par value $0.0001   IFMK   Nasdaq Capital Market

 

 

 

 

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders

 

On September 5, 2019, the Company held a Special Meeting of Stockholders (the Meeting). Set forth below are the proposals voted upon at the Meeting, as set forth in the Company’s Definitive Proxy Statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission on August 13, 2019, and the final voting tabulation reported by the Company’s inspector of elections.

 

The Company’s Board of Directors fixed the close of business on August 13, 2019 as the record date for identifying those stockholders entitled to notice of, and to vote at, the Meeting. A total of 18,351,497 shares of the Company’s common stock were entitled to vote at the Meeting. A quorum of the stockholders was present in person or represented by proxy at the Meeting. The final voting results for each of the proposals were as follows:

 

Proposal 1. Stockholders adopted the Share Exchange Agreement dated June 7, 2019 and approved the acquisition of Xiaotai International Investment Inc. contemplated by such agreement based on the following votes:

 

For   Against   Abstain
  11,450,808     9,376     1,350
               

 

Proposal 2. Stockholders adopted the Share Purchase Agreement dated June 7, 2019 and approved the spin-off by the Company of its existing business and operations to Go Fresh 365, Inc. contemplated by such agreement based on the following votes: 

 

For   Against   Abstain
  11,451,211     9,887     436
               

 

Proposal 3. Stockholders approved and adopted an amendment to our Certificate of Incorporation to affect a reverse split of our issued and outstanding common stock by a ratio of note less than one-for-two and note more than one-for-ten at any time prior to December 31, 2019, with the exact ratio to be set at a whole number within this range, as determined by the Board in its sole discretion, based on the following votes: 

 

For   Against   Abstain
  11,439,853     13,864     7,817
               

 

Proposal 4. Stockholders approved and adopted an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock that the Company has authority to issue from 100,000,000 to 1,000,000,000 and the number of shares of preferred stock that the Company has authority to issue from 1,000,000 to 10,000,000; and consequently, to increase the total number of shares of all classes of capital stock that the Company has authority to issue from 101,000,000 to 1,010,000,000, based on the following votes:

 

For   Against   Abstain
  11,382,897     78,596     41
               

 

Proposal 5. Stockholders approved an amendment to the Company’s Certificate of Incorporation to change the Company’s corporate name to “Terran Financial Services Group” based on the following votes:

 

For   Against   Abstain
  11,450,554     9,574     1,406
               

 

1 

 

 

Proposal 6. Each of the five nominees for director was elected based on the following votes:

 

Name  For   Against   Abstain
Baofeng Pan   11,451,575    9,516    443
Haotian Wu   11,451,626    9,516    392
Xianhai Huang   11,451,575    9,516    443
Xing Xie   11,450,535    10,556    443
Weixiang Jiang   11,450,535    10,556    443

 

Stockholders elected all of the Company’s nominees for director for one-year terms expiring on the next annual meeting of stockholders.

 

Proposal 7.  Stockholders approved the adjournment of the special meeting by the chairman thereof to a later date, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the special meeting, there are not sufficient votes to approve the Proposal 1 and Proposal 2, based on the following votes:

 

For   Against   Abstain
  11,389,698     71,463     373
               

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number
  Description
     
99.1  

iFresh Shareholders Approve All Resolutions at Special Meeting of Stockholders

 

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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.

 

Dated: September 10, 2019

 

  iFRESH, INC.
     
  By: /s/ Long Deng
  Name:  Long Deng
  Title: Chairman and Chief Executive Officer

 

 

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