UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On December 30, 2022, Staffing 360 Solutions, Inc. (the “Company”) held its 2022 Annual Meeting of Stockholders (the “Annual Meeting”). As of the close of business on November 23, 2022, the record date for the Annual Meeting, there were (i) 2,533,199 shares of common stock outstanding and entitled to vote on the proposals described below and (ii) 9,000,000 shares of Series H Convertible Preferred Stock outstanding, which were entitled to vote on an “as converted” basis on the proposals described below, representing voting power equal to 350,004 shares of common stock. The matters described below were submitted to a vote of the holders of the Company’s common stock at the Annual Meeting. Each proposal is described in detail in the Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 1, 2022.
| 1. | Election of two Class II directors to serve until the 2024 Annual Meeting of Stockholders and one Non-Classified director to serve until the 2023 Annual Meeting of Stockholders, or in each case, until their respective successors have been duly elected and qualified. |
| For | Against | Abstain | Broker non-votes | |||||||||||||
| Jeff Grout (Class II director) | 594,190 | 26,368 | 7,308 | 754,531 | ||||||||||||
| Alicia Barker (Class II director) | 587,610 | 32,996 | 7,260 | 754,531 | ||||||||||||
| Brendan Flood (Non-Classified director) | 592,669 | 28,685 | 6,512 | 754,531 | ||||||||||||
| 2. | Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers. |
| For | Against | Abstain | Broker non-votes | |||||||||
| 585,501 | 38,426 | 3,939 | 754,531 | |||||||||
| 3. | Approval, on a non-binding advisory basis, the frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers. |
| 1 Year | 2 Years | 3 Years | Abstain | |||||||||
| 92,761 | 3,106 | 527,125 | 4,874 | |||||||||
| 4. | Ratification of the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the 2022 fiscal year. |
| For | Against | Abstain | ||||||
| 1,266,833 | 44,068 | 71,496 | ||||||
Based on the results of the stockholder advisory vote with respect to the frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers, the Company’s Board of Directors has determined that the Company will conduct future stockholder advisory votes on the compensation of the Company’s named executive officers every three years. This policy will remain in effect until the next stockholder vote on the frequency of stockholder advisory votes on executive compensation, which is expected to occur at the Company’s 2028 Annual Meeting of Stockholders. The results reported above are final voting results. No other matters were considered or voted upon at the meeting.
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: January 3, 2023 | STAFFING 360 SOLUTIONS, INC. | |
| By: | /s/ Brendan Flood | |
| Brendan Flood | ||
| Chairman, President and Chief Executive Officer | ||