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): July 24, 2019

 

Live Ventures Incorporated

(Exact Name of Registrant as Specified in Charter)

 

Nevada 001-33937 85-0206668
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

 

 

325 E. Warm Springs Road, Suite 102
Las Vegas, NV 89119
(Address of Principal Executive Offices and Zip Code)

 

Registrant’s telephone number, including area code: 702-997-5968

 

 

(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. below):

 

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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value per share   LIVE   The NASDAQ Stock Market LLC (The NASDAQ Capital Market)

 

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 July 24, 2019, Live Ventures Incorporated (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) to vote on the matters disclosed in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on June 25, 2019 (the “Proxy Statement”). The final voting results for the matters submitted to a vote of stockholders were as follows:

 

Proposal No. 1 – Election of Directors

 

At the Annual Meeting, the Company’s stockholders elected the persons listed below as directors for a one-year term expiring on the date of the Annual Meeting in 2020 or until their respective successors are duly elected and qualified:

 

    Votes  
Nominee Name     Votes
For
      Votes
Withheld
      Broker
Non-Votes
 
Jon Isaac     1,349,400       28,720       864,890  
Tony Isaac     1,348,925       29,195       864,890  
Richard D. Butler, Jr.     1,348,044       30,076       864,890  
Dennis (De) Gao     1,349,267       28,853       864,890  
Tyler Sickmeyer     1,349,325       28,795       864,890  

 

Proposal No. 2 – Advisory Vote on Executive Compensation

 

The Company’s stockholders approved, in a non-binding advisory vote, the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement.

 

Votes
For   Against   Abstain   Broker Non-Votes
1,345,125   24,359   8,636   864,890

 

Proposal No. 3 – Ratification of Independent Accounting Firm

 

The Company’s stockholders ratified the appointment of WSRP as the Company’s independent registered public accounting firm for fiscal 2019.

 

Votes
For   Against   Abstain
2,200,736   40,612   1,662

 

Proposal No. 4 – Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation

 

The Company’s stockholders voted, in a non-binding advisory vote, on whether a stockholder vote to approve the compensation paid to the Company’s named executive officers should occur every one, two or three years as set forth below.

 

1 Year   2 Years   3 Years   Abstentions
64,399   8,308   1,301,329   4,084

 

In light of this vote, the Company intends to include an advisory stockholder vote to approve the compensation paid to its named executive officers every three years until the next required vote on the frequency of stockholder votes on the compensation of named executive officers. The Company is required to hold a vote on frequency every six years.

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  LIVE VENTURES INCORPORATED
   
  By:       /s/ Jon Isaac                                       
  Name:  Jon Isaac
  Title:    President and Chief Executive Officer

 

Dated: July 24, 2019

 

 

 

 

 

 

 

 

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