UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form
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Current Report
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
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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 3.03 Material Modification to Rights of Security Holders
On June 29, 2023, ENGlobal Corporation (the “Company” or “ENGlobal”) amended Article Fourth of its Restated Articles of Incorporation to address an error and confirm the authority of the Company’s Board of Directors to issue “blank check” preferred stock following the approval thereof by the Company’s stockholders at the Company’s 2023 Annual Meeting of Shareholders. The amendment is filed as Exhibit 3.1 hereto and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its 2023 Annual Meeting of Shareholders on June 29, 2023. The following proposals were submitted to the holders of the Company's common stock for a vote:
| · | The election of five directors to the Board of Directors of ENGlobal. |
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| · | The ratification of the appointment of Moss Adams, LLP as the independent auditors of ENGlobal for fiscal year 2023. |
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| · | The approval to amend ENGlobal’s Restated Articles of Incorporation to effect, at the discretion of the Board of Directors, at a ratio of not less than one-for-two (1:2) and not greater than one-for-ten (1:10), a reverse split of ENGlobal’s common stock. |
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| · | The approval to amend ENGlobal’s Restated Articles of Incorporation to address an error and confirm the authority of the Board of Directors to issue “blank check” preferred stock. |
The results of such votes were as follows:
1. The following votes were cast in the election of the Board of Directors:
Name of Nominee | Number of Votes Voted For | Number of Votes Withheld |
William A. Coskey, P.E. | 23,644,082 | 70,918 |
Christopher D. Sorrells | 23,159,816 | 555,184 |
Lloyd G. Kirchner | 23,155,186 | 559,814 |
Kevin M. Palma | 23,207,719 | 507,281 |
Margaret K. Lassarat | 23,604,006 | 110,994 |
The number of broker non-votes for all directors was 748,574.
2. The following votes were cast in the ratification of the appointment of Moss Adams, LLP as the independent auditors of the Company for fiscal year 2023:
Number of Votes Voted For |
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| Number of Votes Voted Against |
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| Number of Votes Abstaining |
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| 24,372,228 |
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| 66,117 |
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| 25,229 |
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3. The following votes were cast for the approval to amend ENGlobal’s Restated Articles of Incorporation to effect, at the discretion of the Board of Directors, at a ratio of not less than one-for-two (1:2) and not greater than one-for-ten (1:10), a reverse split of ENGlobal’s common stock:
Number of Votes Voted For |
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| Number of Votes Voted Against |
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| Number of Votes Abstaining |
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| Number of Votes Broker Non-Votes |
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| 23,636,556 |
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| 787,586 |
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| 39,431 |
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| 0 |
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| 2 |
4. The following votes were cast for the approval to amend ENGlobal’s Restated Articles of Incorporation to address an error and confirm the authority of the Board of Directors to issue “blank check” preferred stock:
Number of Votes Voted For |
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| Number of Votes Voted Against |
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| Number of Votes Abstaining |
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| Number of Votes Broker Non-Votes |
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| 20,295,152 |
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| 2,751,763 |
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| 668,085 |
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| 748,574 |
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are included with this Current Report on Form 8-K:
Exhibit No. |
| Description |
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| Amendment to Article Fourth of ENGlobal’s Restated Articles of Incorporation, filed June 29, 2023 | |
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Exhibit 104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 3 |
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 thereunto duly authorized.
| ENGlobal Corporation |
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Dated: July 3, 2023 | /s/ Darren W. Spriggs |
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| Darren W. Spriggs Chief Financial Officer, Corporate Secretary and Treasurer |
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