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.
The following matters were voted upon at the 2024 Annual Meeting of Stockholders of Karat Packaging Inc. (the “Company”) held on June 20, 2024 (the “Annual Meeting”). Each stockholder of common stock was entitled to one vote per share on each of the five director nominees and on each other matter properly presented at the Annual Meeting.
Proposal 1 – Election of five directors, each serving for a term expiring at the next annual meeting or until their successors are duly elected and qualified.
| Nominee | Votes For | Withheld | Broker Non-Votes | |||||||||
| Alan Yu | 17,234,604 | 131,465 | 748,560 | |||||||||
| Jian Guo | 16,831,925 | 534,144 | 748,560 | |||||||||
| Paul Y. Chen | 14,865,458 | 2,500,611 | 748,560 | |||||||||
| Eric Chen | 15,355,851 | 2,010,218 | 748,560 | |||||||||
| Eve Yen | 15,356,922 | 2,009,147 | 748,560 | |||||||||
Proposal 2 – Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent certified public accountants for the fiscal year ending December 31, 2024.
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||
| 18,079,119 | 20,783 | 14,727 | 0 |
Proposal 3 – Advisory approval of the Company’s executive compensation (“Say on Pay”).
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||
| 16,989,274 | 367,006 | 9,789 | 748,560 |
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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.
| KARAT PACKAGING INC. | ||
| Date: June 21, 2024 | By: | /s/ Jian Guo |
| Jian Guo | ||
| Chief Financial Officer | ||
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