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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| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On June 30, 2022, Romeo Power, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). The meeting had previously been scheduled for June 14, 2022 and, as previously reported by the Company on a Current Report on Form 8-K filed on June 15, 2022, was adjourned until June 30, 2022 in order to provide additional time to solicit proxies with respect to the proposal to amend the Company’s Second Amended and Restated Certificate of Incorporation to increase the number of shares of authorized Common Stock from 250,000,000 to 350,000,000.
At the Annual Meeting, the Company’s stockholders voted on six proposals, each of which is described in more detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 28, 2022 (the “Proxy Statement”).
As of the close of business on April 18, 2022, the record date for the Annual Meeting, there were 151,226,438 shares of the Company’s common stock outstanding, each of which was entitled to one vote with respect to each proposal. A total of 85,157,293 shares of common stock, representing approximately 56.31% of the shares of Common Stock entitled to vote, were present in person or by proxy, constituting a quorum.
The voting results for the proposals voted on at the Annual Meeting are set forth below:
| 1. | The Election of Directors - To approve the election of eight directors to serve until the next annual meeting of stockholders and until his or her successor is elected or appointed. The nominees were elected, based upon the following votes: |
| Name | For | Withheld | Broker Non-Votes | |||||||||
| Susan S. Brennan | 50,628,793 | 4,291,101 | - | |||||||||
| Lauren Webb | 50,887,776 | 4,032,118 | - | |||||||||
| Robert S. Mancini | 48,815,587 | 6,104,307 | - | |||||||||
| Donald S. Gottwald | 48,095,237 | 6,824,657 | - | |||||||||
| Laurene Horiszny | 50,902,832 | 4,017,062 | - | |||||||||
| Philip Kassin | 50,847,483 | 4,072,411 | - | |||||||||
| Timothy E. Stuart | 47,854,387 | 7,065,507 | - | |||||||||
| Paul S. Williams | 47,655,142 | 7,264,752 | - | |||||||||
| 2. | Ratification of Appointment of Independent Registered Public Accounting Firm - To approve the ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. This proposal was approved based on the following votes: |
| For | Against | Abstain | Broker Non-Votes | |||
| 81,723,254 | 1,749,209 | 1,684,830 | - |
| 3. | Non-Binding Advisory Vote to Approve Compensation of the Company’s Named Executive Officers - To approve, on an advisory basis, the compensation of the Company’s named executive officers. This proposal was approved based on the following votes: |
| For | Against | Abstain | Broker Non-Votes | |||
| 31,132,750 | 22,121,454 | 1,665,690 | 30,237,399 |
| 4. | Non-Binding Advisory Vote on Frequency of Executive Compensation Votes - To approve, on an advisory basis, the frequency of future non-binding advisory stockholder votes on the compensation of our named executive officers. The proposal for a one-year frequency was approved based on the following votes: |
| One Year | Two Years | Three Years | Abstain | |||
| 51,110,896 | 612,276 | 784,913 | 2,411,809 |
| 5. | The Issuance of the Company’s Common Stock to YA II PN, Ltd. in Excess of the Exchange Cap of the Standby Equity Purchase Agreement - To approve, for purposes of complying with Section 312.03(c) of the New York Stock Exchange Listed Company Manual, the issuance of the Company’s common stock to YA II PN, Ltd. in excess of the exchange cap of the Standby Equity Purchase Agreement included as Appendix A to the Proxy Statement. This proposal was approved based on the following votes: |
| For | Against | Abstain | Broker Non-Votes | |||
| 48,411,402 | 5,298,045 | 1,210,447 | 30,237,399 |
| 6. | Amendment to the Company’s Second Amended and Restated Certificate of Incorporation - To approve an amendment to the Company’s Second Amended and Restated Certificate of Incorporation to increase the authorized shares of common stock from 250,000,000 to 350,000,000. This proposal was not approved based on the following votes: |
| For | Against | Abstain | Broker Non-Votes | |||
| 70,850,266 | 12,927,324 | 1,379,703 | - |
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 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.
| ROMEO POWER, INC. | ||
| Date: July 1, 2022 | By: | /s/ Matthew Sant |
| Name: | Matthew Sant | |
| Title: | General Counsel and Secretary | |