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.
On September 6, 2024, DIH Holding US, Inc. (the “Company” or “DIH”) held its Annual Meeting. As of July 29, 2024, the record date set by the Company’s Board of Directors, there were 40,544,935 shares of Class A Common Stock, par value $0.0001 per share (the “Common Stock”) issued and entitled to be voted at the Annual Meeting, of which 27,112,490 or approximately 66.87% of the total outstanding shares of common stock of DIH, were represented in person or by proxy; therefore, a quorum was present.
| 1. | Class I Directors Proposal |
At the Annual Meeting, all of the following three Class I nominees were elected to DIH’s Board of Directors, in accordance with the voting results listed below, to serve until the 2027 Annual Meeting, or until their successors have been duly elected and have qualified. Election of each director required the affirmative vote of a plurality of the Common Stock, represented in person or by proxy and entitled to vote. The voting results were as follows:
| Nominee | For | Withheld | Broker Non-Vote | |||||||||
| Jason Chen | 22,980,607 | 3,461,456 | 670,427 | |||||||||
| Lynden Bass | 25,944,056 | 498,007 | 670,427 | |||||||||
| Dr. Patrick Bruno | 22,140,939 | 4,301,124 | 670,427 | |||||||||
| 2. | Nasdaq Proposal |
Stockholders approved the proposal to approve, as required by, and in accordance with Nasdaq Listing Rules 5635 (d), the potential issuance of more than 20% of the issued and outstanding Class A Common Stock the upon conversion of the Company’s 8% Original Issue Discount Senior Secured Convertible Debentures issued in connection with, a private placement pursuant to Rule 506(b) of the Securities Act of 1933, as amended, and purchased on June 6, 2024 by the purchaser identified in the Securities Purchase Agreement and the warrants issued in connection therewith. Adoption of this proposal required approval by the affirmative vote of a majority of the issued and outstanding shares of Common Stock represented in person or by proxy and entitled to vote . The voting results were as follows:
| FOR | AGAINST | ABSTAIN | Broker Non-Vote | |||
| 26,219,356 | 37,367 | 185,340 | 670,427 |
| 3. | Auditor Ratification Proposal |
Stockholders approved the proposal to ratify the selection of BDO AG as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2025. Adoption of this proposal required approval by the affirmative vote of a majority of shares present and entitled to vote in person or by proxy. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | ||
| 27,103,251 | 1,208 | 8,031 |
| 4. | The Adjournment Proposal |
The Adjournment Proposal was not voted upon because there were sufficient votes to approve the Class I Directors Proposal, the Nasdaq Proposal and the Auditor Ratification Proposal.
Item 9.01. Financial Statements and Exhibits.
(a)-(b) Financial Statements.
(c) Exhibits.
Exhibit No. |
Description | |
| 104 | Cover Page Interactive Data File (Formatted in Inline XBRL) |
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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.
| Dated: September 6, 2024 | DIH HOLDING US, INC. | |
| By: | /s/ Jason Chen | |
| Name: | Jason Chen | |
| Title: | Chief Executive Officer and Chairman | |
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