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
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Item 5.07 Submission of Matters to a Vote of Security Holders.
MGO Global Inc., a Delaware corporation (the “Company”), convened the 2024 Annual Meeting of Stockholders of MGO Global Inc. (the “Annual Meeting”) on Friday, December 20, 2024 at 11:00 a.m. Eastern Time. The Annual Meeting was held in person at: 813 NE 17th Terrace, Unit A, Fort Lauderdale, Florida, 33304. A quorum was present at the Annual Meeting.
At the Annual Meeting, three proposals were submitted to the stockholders for approval as set forth in the definitive Proxy Statement as filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 22, 2024. As of the record date, November 18, 2024, a total of 2,904,001 shares of common stock of the Company (“Common Stock”) were issued and outstanding and entitled to vote. The Common Stock constitute all of the voting securities of the Company. The holders of record of 1,362,262 shares of Common Stock were present in person or represented by proxy at the Annual Meeting representing approximately 46.9% of the Common Stock entitled to vote at such meeting and of Company’s total voting power.
At the Annual Meeting, the stockholders approved three of the three proposals submitted. The votes on the proposals were cast as set forth below:
| 1. | Election of Directors |
| FOR | % VOTED FOR | WITHHELD | % VOTED WITHHELD | |||||||||||||
| Maximiliano Ojeda | 1,359,795 | 99.82 | % | 2,467 | 0.18 | % | ||||||||||
| Virginia Hilfiger | 1,359,709 | 99.81 | % | 2,553 | 0.19 | % | ||||||||||
| Julian Groves | 1,352,683 | 99.30 | % | 9,579 | 0.70 | % | ||||||||||
| Ping Rawson | 1,355,658 | 99.52 | % | 6,604 | 0.48 | % | ||||||||||
| Obie McKenzie | 1,355,831 | 99.53 | % | 6,431 | 0.47 | % | ||||||||||
| Jeffrey Lerner | 1,359,629 | 99.81 | % | 2,634 | 0.19 | % | ||||||||||
| Paul Wahlgren | 1,355,979 | 99.54 | % | 6,283 | 0.46 | % | ||||||||||
Each director nominee was elected to serve as a director until the Company’s 2025 annual meeting of stockholders, or until such person’s successor is duly elected and qualified, or until such person’s earlier death, retirement or resignation. Due to the fact that directors are elected by a plurality of the votes cast, votes could only be cast in favor of or withheld from the nominees and thus votes against were not applicable.
| 2. | Ratification of Assurance Dimensions LLC as independent registered public accountant for the fiscal year ending December 31, 2024 |
| FOR | AGAINST | ABSTAIN/WITHHELD | BROKER NON-VOTES | |||||||||||||
| Total Shares Votes | 1,356,597 | 1,339 | 4,326 | 0 | ||||||||||||
The affirmative vote of a majority of the votes cast at the Annual Meeting was required for approval. The proposal was approved.
| 3. | Approval of Adjourning the Annual Meeting |
| FOR | AGAINST | ABSTAIN/WITHHELD | BROKER NON-VOTES | |||||||||||||
| Total Shares Voted | 1,355,527 | 2,279 | 4,456 | 0 | ||||||||||||
The affirmative vote of a majority of the votes cast at the Annual Meeting was required for approval. The proposal was approved.
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: December 26, 2024 | MGO Global Inc. | |
| By: | /s/ Maximiliano Ojeda | |
| Name: | Maximiliano Ojeda | |
| Title: | Chief Executive Officer | |