FLXT Flexpoint Sensor Systems Inc (PK)

ITEM 5.07  Submission of Matters to a Vote of Security Holders

Flexpoint Sensor Systems, Inc. (the “Company”) conducted an annual shareholders’ meeting on December 28, 2018, seeking approval from the Company’s shareholders to:  

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Amend Flexpoint’s Certificate of Incorporation to effect an increase of the authorized common stock from One Hundred Million (100,000,000) to Two Hundred Million (200,000,000);

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Amend Flexpoint’s Certificate of Incorporation to effect a Reverse Split of the Company’s issued and outstanding common stock by a ratio of 1-for-50; and

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Elect two directors to our Board:  

John A. Sindt for a three-year term

Clark M. Mower for a two-year term.

As of the Record Date (November 16, 2018) the Company had 92,863,464 shares of common stock outstanding and entitled to vote.  Each share of common stock was entitled to one vote on each proposal listed above.   At the meeting conducted on December 28, 2018, a majority of the outstanding shares entitled to vote were present at the meeting or represented by proxy, establishing a quorum.  For a proposal to be adopted, more than 50% of the shares voting at the meeting needed to approve any proposal.

Standard Registrar & Transfer Company, Inc. acted as the inspector of the election and their representative counted and tabulated the votes.  As of the date of this Form 8-K, the vote tabulation has been completed and the following chart presents the results of the voting as of January 3, 2019.

The following table lists the number of votes cast for each proposal and for each director: