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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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:
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Securities registered pursuant to Section 12(b) of the Act:
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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 7(a)(2)(B) of the Securities Act.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On July 14, 2023, 4Front Ventures Corp. (the “Company”) held its 2023 annual general and special meeting of shareholders (the “Annual and Special Meeting”). At the Annual and Special Meeting shareholders voted on the four proposals described in greater detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on June 6, 2023.
As of May 15, 2023 (the “Record Date”), the Company had 648,583,519 Class A Subordinate Voting Shares (“SVS”) and 1,276,208 Class C Multiple Voting Shares (“MVS”) outstanding. Holders of the SVS were entitled to one vote on each proposal (and each director nominee), and holders of the MVS were entitled to 800 votes on each proposal (and each director nominee). Holders of the SVS and MVS voted together as a single class on all matters (including the election of directors) submitted to a vote of shareholders at the Annual and Special Meeting.
The number of votes cast for and against or withheld with respect to each proposal voted on at the Annual and Special Meeting are set forth below.
Proposal One - Setting the Number of Directors
The Company’s shareholders approved the proposal to set the number of directors of the Company at six.
| For |
Against |
Broker Non-Votes | ||
| 584,292,217 | 276,284 | N/A |
Proposal Two - Election of Directors
Each of the individuals set forth below were elected at the Annual and Special Meeting to serve as directors of the Company until the next annual general meeting of shareholders or until their respective successors have been elected.
| Director Nominee |
For | Withheld | Broker Non-Votes | |||
| David Daily |
510,020,153 | 65,994,369 | 8,553,979 | |||
| Leonid Gontmakher |
509,860,631 | 66,153,891 | 8,553,979 | |||
| Chetan Gulati |
510,169,918 | 65,844,604 | 8,553,979 | |||
| Robert Hunt |
510,109,745 | 65,904,777 | 8,553,979 | |||
| Kristopher Krane |
510,324,712 | 65,689,810 | 8,553,979 | |||
| Roman Tkachenko |
510,110,902 | 65,903,620 | 8,553,979 |
Proposal Three - Appointment of Auditor
The Company’s shareholders approved the appointment of Davidson & Company LLP as auditor of the Company for the fiscal year ending December 31, 2023 and to authorize the directors to fix their remuneration.
| For |
Withheld |
Broker Non-Votes | ||
| 582,678,360 | 1,028,841 | 861,300 |
Proposal Four - Approval of Stock Option Plans
The Company’s shareholders approved an ordinary resolution ratifying, confirming and approving the Company’s stock option plans and the unallocated options thereunder.
| For |
Against |
Broker Non-Votes | ||
| 574,732,553 | 1,281,969 | 8,553,979 |
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.
Dated: July 18, 2023
| 4FRONT VENTURES CORP. | ||
| By: | /s/ Leonid Gontmakher | |
| Leonid Gontmakher | ||
| Chief Executive Officer and Director | ||
Document and Entity Information |
Jul. 14, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Jul. 14, 2023 |
| Entity Registrant Name | 4FRONT VENTURES CORP. |
| Entity Incorporation, State or Country Code | A1 |
| Entity File Number | 000-56075 |
| Entity Tax Identification Number | 83-4168417 |
| Entity Address, Address Line One | 7010 E. Chauncey Lane |
| Entity Address, Address Line Two | Ste. 235 |
| Entity Address, City or Town | Phoenix |
| Entity Address, State or Province | AZ |
| Entity Address, Postal Zip Code | 85054 |
| City Area Code | 602 |
| Local Phone Number | 633-3067 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |
| Entity Central Index Key | 0001783875 |
| Amendment Flag | false |