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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): December 28, 2023

 

SIGMA ADDITIVE SOLUTIONS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-38015   27-1865814

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

3900 Paseo del Sol

Santa Fe, New Mexico 87507

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (505) 438-2576

 

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 (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 $0.001 per share   SASI   The NASDAQ Stock Market LLC

 

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

 

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. ☐

 

 

 

 
 

 

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

 

On December 28, 2023, Sigma Additive Solutions, Inc. (“we,” “us,” “our,” “Sigma” or the “company”) convened its 2023 Annual Meeting of Stockholders (the “Annual Meeting”), at which our stockholders were asked to consider and vote upon the following items:

 

  (1) the approval of the issuance of the shares of our common stock in exchange for all the capital stock of NextTrip Holdings, Inc. (“NextTrip”) and the other terms and conditions of the Share Exchange Agreement dated as of October 12, 2023, as amended, among Sigma, NextTrip and the other parties thereto and the transactions contemplated thereby (the “Acquisition Proposal”);
     
  (2) the approval of an amendment to our Amended and Restated Articles of Incorporation (“Articles”) to change the company’s corporate name to “NextTrip, Inc.” following completion of the Acquisition (the “Name Change Proposal”);
     
  (3) the approval of an amendment to our Articles to increase the authorized shares of our common stock from 1,200,000 shares to 100,000,000 shares (the “Capital Increase Proposal”);
     
  (4) the election of two Class III directors to serve until the 2026 annual meeting of stockholders and until their respective successors are duly elected and qualified, subject to their earlier death, resignation or removal (the “Election of Directors Proposal”);
     
  (5) the approval, on a non-binding advisory vote basis, of the compensation payable to our named executive officers (“Say on Pay Proposal”);
     
  (6) the recommendation, on a non-binding advisory vote basis, of the frequency of future advisory votes on executive compensation (the “Frequency of Say on Pay Proposal”);
     
  (7) the approval of the Sigma Additive Solutions, Inc. 2023 Equity Incentive Plan (the “Equity Incentive Plan Proposal”);
     
  (8) the ratification of Haynie & Company as our independent registered public accounting firm for our fiscal year ending December 31, 2023 (the “Ratification of Accountant Proposal”); and
     
  (9) the adjournment of the Annual Meeting by the Chairman thereof to a later date to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Annual Meeting, there are not sufficient votes to approve the Acquisition Proposal, Name Change Proposal or Capital Increase Proposal (the “Adjournment Proposal”).

 

The foregoing proposals are more fully described in our definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on December 1, 2023.

 

At the close of business on November 20, 2023, the record date for the Annual Meeting, there were 780,423 shares of Sigma common stock issued and outstanding, which constituted all of the issued and outstanding capital stock of the company as of the record date. At the Annual Meeting, 387,024 of the company’s 780,423 outstanding shares of common stock entitled to vote as of the record date, or approximately 49.6%, were represented by proxy or in person (virtually), and, therefore, a quorum was present.

 

 
 

 

Due to difficulties securing votes from a significant number of Sigma’s stockholders, the company elected to adjourn the Annual Meeting in part in order to allow additional time for stockholders to vote on proposals 2 and 3 set forth above. Proposals 1 and 4 through 9 were presented to stockholders and voted on at the Annual Meeting on December 28, 2023. Each of the proposals on which action was taken at the Annual Meeting was approved, as reflected in the vote counts below:

 

  1) the Acquisition Proposal:
   

FOR

150,023

AGAINST

31,444

ABSTAIN

4,117

BROKER NON-VOTES

201,440

           
  2)

the Election of Directors Proposal:

   

Dennis Duitch

 

FOR

152,742

AGAINST

10,866

ABSTAIN

25,798

   

Kent Summers

 

FOR

153,440

AGAINST

13,229

ABSTAIN

22,737

     
  3) the Say on Pay Proposal:
   

FOR

145,840

AGAINST

20,252

ABSTAIN

23,317

BROKER NON-VOTES

197,615

     
  4) the Frequency of Say on Pay Proposal:
   

EVERY THREE YEARS

143,455

EVERY TWO YEARS

5,313

EVERY YEAR

14,325

     
  5) the Equity Incentive Plan Proposal:
   

FOR

104,594

AGAINST

22,707

ABSTAIN

22,903

BROKER NON-VOTES

236,820

     
  6) the ratification of Accountant Proposal:
   

FOR

335,178

AGAINST

17,253

ABSTAIN

34,461

BROKER NON-VOTES

32

     
  7)

the Adjournment Proposal:

   

FOR

168,019

AGAINST

18,692

ABSTAIN

2,695

BROKER NON-VOTES

197,618

 

As noted above, no action was taken at the Annual Meeting with respect to the proposals 2 and 3. Accordingly, the Annual Meeting was adjourned in part, with respect to proposals 2 and 3 only, to 10:00 A.M., Mountain Time, on January 16, 2024, to consider and vote upon such proposals. Sigma’s stockholders of record as of the November 20, 2023 will continue to be entitled to vote at the reconvened Annual Meeting.

 

 
 

 

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.

 

Date: January 2, 2024 SIGMA ADDITIVE SOLUTIONS, INC.
     
  By: /s/ Frank Orzechowski
    Frank Orzechowski
    Chief Financial Officer