UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
  
  
FORM 8-K
  
  
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): June 8, 2020 (June 5, 2020)
 
 
ENVELA CORPORATION
(Exact name of Registrant as specified in its charter)
 
 
Nevada
1-11048
88-0097334
 (State or other jurisdiction of
incorporation or organization)
 (Commission
File Number) 
 (I.R.S. Employer
Identification No.)
  
 
13022 Preston Road
Dallas, Texas 75240
(Address of principal executive offices) (Zip Code)
 
 
Registrant’s Telephone Number, including area code: (972) 587-4049
 
 
(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.):
 
☐
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))
 
 
Title of each class
 
Trading Symbol
 
Name of exchange on which registered
Common Stock, $0.01 par value
 
ELA
 
NYSE American
 
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 June 5, 2020, the Company held its 2020 annual meeting (the “Annual Meeting”) of stockholders (the “Stockholders”) virtually. The matters submitted to the Stockholders for a vote at the Annual Meeting were set forth in the Company’s Definitive Proxy Statement on Schedule DEF 14A, which was filed with the Securities and Exchange Commission on April 30, 2020 (the “Proxy Statement”) and distributed to the Stockholders. Stockholders representing 24,814,058 or 92.17%, of the shares of the Common Stock, outstanding and entitled to vote as of the record date, May 8, 2020, were represented virtually at the meeting either in person or by proxy.
 
The matters proposed to the Stockholders for a vote were: (i) the election of each of John R. Loftus, Joel S. Friedman, Jim R. Ruth, Alexandra C. Griffin and Allison M. DeStefano as members of the Company’s Board of Directors; (ii) the ratification of the Company’s appointment of Whitley Penn LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020; and (iii) to adjourn the Annual Meeting, if necessary, to solicit additional proxies in favor of proposals one through two.
 
The final voting results of the Annual Meeting are set forth below.
 
Proposal One
 
The nominees named in the Proxy Statement (the “Proxy Statement Nominees”) were elected to the Board of Directors to serve until the next annual meeting of Stockholders and until their respective successors are duly-elected and qualified (or until their death, resignation or removal, if earlier). The Proxy Statement Nominees were the only nominees to receive votes for their election at the meeting, and the Proxy Statement Nominees constitute the five nominees receiving the highest number of votes in favor of their election as directors. The results of the vote with respect to their respective elections were as follows:
 
Nominees
Votes For
Votes Withheld
Broker Non-Votes
John R. Loftus
20,373,525
183,004
4,257,529
Joel S. Friedman
20,374,620
181,909
4,257,529
Jim R. Ruth
20,360,964
195,565
4,257,529
Alexandra C Griffin
20,361,188
195,341
4,257,529
Allison M. DeStefano
20,373,774
182,755
4,257,529
  
Proposal Two
 
The proposal to ratify the Company’s appointment of Whitley Penn LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020 was approved by the following vote:
  
Votes For
Votes Against
Abstentions
Broker Non-Votes
24,617,654
181,718
14,686
0
  
 
Proposal Three
 
The proposal to adjourn the Annual Meeting, if necessary, to solicit additional proxies in favor of proposals one through two was approved by the following vote. It was not necessary to adjourn the Annual Meeting as proposals one through two were approved at the Annual Meeting.
  
Votes For
Votes Against
Abstentions
24,470,917
211,128
132,013
  
 
 
 
  
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
  
 
 
By:
/s/ BRET A. PEDERSEN
Date:  June 8, 2020
 
Bret A. Pedersen
                                                                                     
 
Chief Financial Officer
                                                                                   
 
(Principal Accounting Officer)
 
 
 
 
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