UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 17, 2023 (
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 15, 2023, Smart for Life, Inc. (the “Company”) held a special meeting of stockholders of the Company (the “Special Meeting”) via live webcast. Holders of the Company’s common stock at the close of business on February 3, 2023 were entitled to vote at the Special Meeting. As of such date, there were 38,891,095 shares of common stock outstanding and entitled to vote. A total of 22,521,622 shares of common stock (58%), constituting a quorum, were represented in person or by valid proxies at the Special Meeting.
Stockholders voted on five proposals at the Special Meeting. The proposals are described in detail in the Company’s definitive proxy statement, dated February 6, 2023, the relevant portions of which are incorporated herein by reference. The final results for the votes regarding each proposal are set forth below.
Proposal 1: The Company’s stockholders approved the issuance of common stock upon the exercise of warrants issued in connection with that certain securities purchase agreement, dated December 8, 2022, among the Company and certain investors signatory thereto. The votes regarding this proposal were as follows:
| Votes For | Votes Against | Abstentions | ||
| 21,652,780 | 540,210 | 328,632 |
Proposal 2: The Company’s stockholders authorized the board of directors, in its discretion, to implement one or more reverse stock splits of the Company’s outstanding common stock at a ratio of not less than 1-for-5 and not more than 1-for-50 in the aggregate at any time prior to December 31, 2023. The votes regarding this proposal were as follows:
| Votes For | Votes Against | Abstentions | ||
| 22,167,494 | 340,093 | 14,035 |
Proposal 3: The Company’s stockholders approved the conversion of the Company to a Nevada corporation, in connection with which, the Company’s authorized common stock will increase from 100 million shares to 500 million shares. The votes regarding this proposal were as follows:
| Votes For | Votes Against | Abstentions | ||
| 21,651,327 | 567,980 | 302,315 |
Proposal 4: The Company’s stockholders approved an amendment of the Smart for Life, Inc. 2022 Equity Incentive Plan to increase the number of shares of common stock available for issuance under such plan from 2 million shares to 70 million shares. The votes regarding this proposal were as follows:
| Votes For | Votes Against | Abstentions | ||
| 19,870,782 | 940,031 | 1,710,809 |
Proposal 5: The Company’s stockholders approved the proposal to adjourn the Special Meeting to a later date if necessary to solicit additional proxies if there are not sufficient votes to approve any of the foregoing proposals at the time of the Special Meeting, or any adjournment or postponement thereof. The votes regarding this proposal were as follows:
| Votes For | Votes Against | Abstentions | ||
| 21,994,166 | 496,144 | 31,312 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 17, 2023 | SMART FOR LIFE, INC. | |
| /s/ Darren C. Minton | ||
| Name: | Darren C. Minton | |
| Title: | Chief Executive Officer | |
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