SRM Entertainment (NASDAQ:SRM) Holds Annual Meeting and Reports Voting Results

SRM Entertainment, Inc. recently conducted its Annual Meeting of stockholders on December 4, 2024, at the company’s headquarters in Jupiter, Florida. The meeting featured key decisions and voting outcomes that have been disclosed in a Form 8-K filing with the Securities and Exchange Commission.

As of November 6, 2024, the Record Date for the Annual Meeting, SRM Entertainment had a total of 13,876,477 shares of Common Stock outstanding and eligible for voting. At the meeting, a significant portion of these shares, totaling 8,082,102 votes or approximately 58.24% of the outstanding votes, were represented either in person or by proxy, meeting the quorum requirement.

The voting results for the key matters at the Annual Meeting are as follows:

1. Election of Directors:
– The five director nominees; Richard Miller, Douglas O. McKinnon, Hans Haywood, Gary Herman, and Christopher Melton, were elected to serve a one-year term. The votes in favor of each nominee ranged between 8,011,718 and 8,051,174.

2. Approval of the 2024 Equity Incentive Plan:
– The proposal to approve the Company’s 2024 Equity Incentive Plan was accepted with 8,005,404 votes in favor, 75,172 votes against, and 953 abstentions.

3. Ratification of Independent Auditor:
– Stockholders approved the appointment of M&K CPAS, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2024. The vote tallied 8,050,651 in favor, 2,805 against, and 28,196 abstentions.

4. Compensation of Named Executive Officers:
– The non-binding advisory vote regarding the compensation of the Company’s named executive officers, as reported in the proxy statement and SEC disclosure rules, was approved. The voting results showed 8,028,640 votes in favor, 51,828 against, and 1,177 abstentions.

5. Stockholder Advisory Vote Frequency on Executive Compensation:
– Shareholders approved the proposal to hold the stockholder advisory vote on the Company’s executive compensation once every three years. The breakdown of votes included 96,684 for every year, 7,732 for once every two years, and 7,975,489 for once every three years.

Additionally, a copy of the Company’s 2024 Equity Incentive Plan has been attached to the filing as Exhibit 10.1 for reference. The Form 8-K filing also includes a cover page interactive data file (Inline XBRL document) as Exhibit 104.

The report was signed on behalf of SRM Entertainment, Inc. by Richard Miller, the Chief Executive Officer, on December 10, 2024, as per the requirements of the Securities Exchange Act of 1934.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read SRM Entertainment’s 8K filing here.

SRM Entertainment Company Profile

SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.