Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its annual meeting of the shareholders (the "Annual Meeting") on
Proposal Two: Amendment to Articles of Incorporation. To approve an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of its capital stock that the Company may issue from 9,375,000 to 85,000,000, of which 75,000,000 shares shall be classified as common stock and 10,000,000 shares shall be classified as blank check preferred stock.
Broker Votes For Votes Against/ Withheld Abstain Non-Votes 356,777 1,016,324 2,651 51,003 The proposal was defeated.
Proposal Four: Approval under applicable Nasdaq rules of the issuance of all shares of common stock issuable upon the conversion of the Senior Secured Convertible Note and exercise of the Warrant issued in the
Broker Votes For Votes Against/ Withheld Abstain Non-Votes 393,090 979,166 3,223 51,276 The proposal was defeated.
The information contained in this current report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.