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 Securityholders
On December 2, 2021, 890 5th Avenue Partners, Inc. (the “Company”) held a special meeting of stockholders (the “Special Meeting”) to consider certain proposals related to the Business Combination. Capitalized terms not defined herein shall have the meanings ascribed to such terms in the Company’s proxy statement/prospectus filed with the Securities and Exchange Commission (the “SEC”) on November 12, 2021 (as supplemented, the “Proxy Statement”).
As of October 8, 2021, the record date for the Special Meeting, 29,527,500 shares of the Company’s Class A common stock (the “Company Class A Common Stock”) were issued and outstanding, each share being entitled to one vote, and 7,187,500 shares of the Company’s Class F common stock (the “Company Class F Common Stock”) were issued and outstanding, each share being entitled to one vote. At the Special Meeting, a total of 29,132,700 shares of Company Class A Common Stock and 7,187,500 shares of Company Class F Common Stock, together representing approximately 79.34% of the outstanding shares entitled to vote, were present in person or by proxy, constituting a quorum to conduct business.
At the Special Meeting, the following proposals were submitted to a vote of stockholders. For more information on each of these proposals, see the Proxy Statement.
| (1) | The Business Combination Proposal. Proposal to approve the business combination described in the Proxy Statement, including (a) adopting the Merger Agreement, a copy of which is attached to the Proxy Statement, and (b) approving the other transactions contemplated by the Merger Agreement and related agreements described in the Proxy Statement (the “Business Combination Proposal”). |
| (2) | The Organizational Documents Proposal. Proposal to approve (a) the second amended and restated certificate of incorporation of the Company, in the form attached to the Proxy Statement (the “Proposed Charter”), and (b) the second amended and restated bylaws of the Company, in the form attached to the Proxy Statement (the “Organizational Documents Proposal”). |
| (3) | The Advisory Charter Amendment Proposals. The non-binding, advisory vote on certain governance provisions in the Proposed Charter, presented separately in accordance with SEC requirements (the “Advisory Charter Amendment Proposals”). |
| (4) | The Stock Issuance Proposal. Proposal to approve, to comply with the applicable listing rules of Nasdaq, the issuance of (a) shares of New BuzzFeed Class A common stock, New BuzzFeed Class B common stock and New BuzzFeed Class C common stock pursuant to the terms of the Merger Agreement, (b) shares of New BuzzFeed Class A common stock pursuant to the C Acquisition Purchase Agreement and (c) shares of New BuzzFeed Class A common stock to the Note Investors upon conversion of certain convertible promissory notes issued pursuant to Note Subscription Agreements (the “Stock Issuance Proposal”). |
| (5) | The Director Election Proposal. Proposal to elect seven directors to New BuzzFeed’s board of directors (the “Director Election Proposal”). |
| (6) | The Incentive Plan Proposal. Proposal to approve the 2021 equity incentive plan, a copy of which is attached to the Proxy Statement (the “Incentive Plan Proposal”). |
| (7) | The Employee Stock Purchase Plan Proposal. Proposal to approve the 2021 employee stock purchase plan, a copy of which is attached to the Proxy Statement (the “Employee Stock Purchase Plan Proposal”). |
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Each of the proposals was approved by the requisite vote of the Company’s stockholders. The final voting results for each proposal are described below:
| (1) | The Business Combination Proposal |
| For | Against | Abstain | |
| Number of shares of common stock | 28,606,448 | 479,640 | 46,612 |
| (2) | The Organizational Documents Proposal |
| For | Against | Abstain | |
| Number of shares of Company Class A Common Stock | 28,605,648 | 479,640 | 47,412 |
| Number of shares of Company Class F Common Stock | 7,187,500 | — | — |
| (3) | The Advisory Charter Amendment Proposals |
| (a) | Advisory Charter Amendment Proposal A — To change the Company’s name to “BuzzFeed, Inc.” |
| For | Against | Abstain | |
| Number of shares of common stock | 28,606,645 | 479,640 | 46,415 |
| (b) | Advisory Charter Amendment Proposal B — To increase the total number of authorized shares of all classes of capital stock, par value of $0.0001 per share, from (a) 525,000,000 shares of common stock, including 500,000,000 shares of Class A common stock and 25,000,000 shares of Class F common stock, and (b) 5,000,000 shares of preferred stock, to 730,000,000 shares of common stock, par value $0.0001 per share, including 700,000,000 shares of Class A common stock, 20,000,000 shares of Class B common stock and 10,000,000 shares of Class C common stock, and 50,000,000 shares of preferred stock, par value $0.0001 per share. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,858,512 | 1,227,254 | 46,934 |
| (c) | Advisory Charter Amendment Proposal C — To eliminate certain provisions specific to the Company’s status as a blank check company. |
| For | Against | Abstain | |
| Number of shares of common stock | 28,604,948 | 481,040 | 46,712 |
| (d) | Advisory Charter Amendment Proposal D — To create a classified Board with three classes, each serving for a three-year term. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,857,297 | 1,228,791 | 46,612 |
| (e) | Advisory Charter Amendment Proposal E — To eliminate the rights and privileges of Class F common stock. |
| For | Against | Abstain | |
| Number of shares of common stock | 28,545,202 | 539,368 | 48,130 |
| (f) | Advisory Charter Amendment Proposal F — To create a Class B common stock with different super-voting rights. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,346,476 | 1,738,544 | 47,680 |
| (g) | Advisory Charter Amendment Proposal G — To create a Class C common stock with no voting rights and timed restriction on conversion rights. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,851,122 | 1,232,949 | 48,629 |
| (h) | Advisory Charter Amendment Proposal H — To eliminate the ability of stockholders to act by written consent. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,845,662 | 1,238,227 | 48,811 |
| (i) | Advisory Charter Amendment Proposal I — To remove the provision renouncing the corporate opportunity doctrine. |
| For | Against | Abstain | |
| Number of shares of common stock | 28,599,438 | 438,159 | 50,058 |
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| (j) | Advisory Charter Amendment Proposal J — To require a supermajority vote consisting of two-thirds of outstanding shares of New BuzzFeed capital stock for removal of directors for cause. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,347,246 | 1,737,684 | 47,770 |
| (k) | Advisory Charter Amendment Proposal K — To increase the required voting thresholds to two-thirds of outstanding shares of New BuzzFeed capital stock to approve amendments to the bylaws and amendments to certain provisions of the certificate of incorporation. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,356,341 | 1,728,927 | 47,432 |
| (l) | Advisory Charter Amendment Proposal L — To require the approval by affirmative vote of holders of at least 75% of the voting power of New BuzzFeed’s then-outstanding shares of Class A common stock, voting separately as a single class, and the affirmative vote of holders of at least 75% of the voting power of New BuzzFeed’s then-outstanding shares of Class B common stock, voting separately as a single class, to amend or repeal, or to adopt any provision inconsistent with, Article IV(3) or Article XI(2) of the Proposed Charter. |
| For | Against | Abstain | |
| Number of shares of common stock | 27,355,706 | 1,730,070 | 46,924 |
| (4) | The Stock Issuance Proposal |
| For | Against | Abstain | |
| Number of shares of common stock | 28,604,280 | 481,327 | 47,093 |
| (5) | The Director Election Proposal |
Class I Nominees
| (a) | Angela Acharia |
| For | Against | Abstain | |
| Number of shares of common stock | 28,547,841 | 537,743 | 47,116 |
| (b) | Jonah Peretti |
| For | Against | Abstain | |
| Number of shares of common stock | 28,605,293 | 480,291 | 47,116 |
Class II Nominees
| (c) | Joan Amble |
| For | Against | Abstain | |
| Number of shares of common stock | 28,547,811 | 537,772 | 47,117 |
| (d) | Adam Rothstein |
| For | Against | Abstain | |
| Number of shares of common stock | 28,604,691 | 480,820 | 47,189 |
| (e) | Janet Rollé |
| For | Against | Abstain | |
| Number of shares of common stock | 28,547,545 | 538,038 | 47,117 |
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Class III Nominees
| (f) | Greg Coleman |
| For | Against | Abstain | |
| Number of shares of common stock | 28,605,049 | 480,234 | 47,417 |
| (g) | Patrick Kerins |
| For | Against | Abstain | |
| Number of shares of common stock | 28,604,993 | 480,590 | 47,117 |
| (6) | The Incentive Plan Proposal |
| For | Against | Abstain | |
| Number of shares of common stock | 28,391,952 | 692,803 | 47,945 |
| (7) | The Employee Stock Purchase Plan Proposal |
| For | Against | Abstain | |
| Number of shares of common stock | 28,605,142 | 480,594 | 46,964 |
Item 8.01. Other Events
On December 2, 2021, the Company issued a press release announcing the results of the Special Meeting. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release issued by 890 5th Avenue Partners, Inc., dated December 2, 2021. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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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.
| 890 5th Avenue Partners, Inc. | ||
| By: | /s/ Adam Rothstein | |
| Name: | Adam Rothstein | |
| Title: | Executive Chairman | |
| Date: December 2, 2021 | ||
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