Asset Entities Inc.

10/02/2024 | Press release | Distributed by Public on 10/02/2024 14:01

Proxy Results Form 8 K

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

On October 1, 2024, Asset Entities Inc., a Nevada corporation (the "Company"), held the Company's 2024 annual meeting of stockholders (the "Annual Meeting"). As of August 2, 2024, the record date for the Annual Meeting, there were (i) 3,220,186 shares of the Company's common stock outstanding, consisting of (a) 1,506,406 shares of Class A Common Stock, $0.0001 par value per share ("Class A Common Stock"), representing 15,064,060 votes entitled to vote on the proposals presented at the Annual Meeting, and (b) 1,713,780 shares of Class B Common Stock, $0.0001 par value per share ("Class B Common Stock"), representing 1,713,780 votes entitled to vote on the proposals presented at the Annual Meeting, and (ii) 320 shares of Series A Convertible Preferred Stock outstanding, representing, after application of the applicable beneficial ownership limitation, 2,463 votes entitled to vote on the proposals presented at the Annual Meeting, of which 15,487,487 votes, or approximately 92.29%, were present in person or represented by proxy, which constituted a quorum. The proposals are described in greater detail in the Company's Definitive Proxy Statement on Schedule 14A, as filed with the SEC on August 22, 2024 (the "Proxy Statement"), the relevant portions of which are incorporated by reference herein. Set forth below are the final voting results for each of the proposals submitted to a vote of the Company's stockholders at the Annual Meeting.

(i) A proposal to elect the seven (7) nominees named in the Proxy Statement to the Company's board of directors to hold office until the Company's annual meeting of stockholders to be held in 2025. The proposal was approved as set forth below:

Nominee For Withheld Broker Non-Votes
Michael Gaubert 15,453,552 4,145 29,790
Arshia Sarkhani 15,456,856 841 29,790
Kyle Fairbanks 15,453,550 4,147 29,790
Richard A. Burton 15,457,472 225 29,790
John A. Jack II 15,457,472 225 29,790
Scott K. McDonald 15,446,161 11,536 29,790
David Reynolds 15,457,480 217 29,790

(ii) A proposal to ratify the appointment of WWC, P.C. as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2024. The proposal was approved as set forth below:

For Against Abstain Broker Non-Votes
15,486,833 150 504 0