UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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 | ||