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):
| (Exact name of registrant as specified in its charter) |
Commission File Number:
| , Canada | |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
(
Registrant’s telephone number, including area code:
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:
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|
Class A Subordinate Voting Shares, no par value |
FFNTF
|
OTCQX
|
| FFNT | CSE |
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 13(a) of the Exchange Act.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
At the Annual General Meeting of 4Front Ventures Corp. (the “Company”) held on June 22, 2022 (the “Annual Meeting”), the Company’s holders of shares, as described herein, voted on the three proposals detailed below. Only shareholders of record at the close of business on May 6, 2022 (the “Record Date”), were entitled to notice of, and to vote at, the Annual Meeting. On the Record Date, the Company had 636,636,686 Class A Subordinate Voting Shares (“SVS”) and 1,276,208 shares of Class C Multiple Voting Shares (“MVS” and collectively with the SVS, the “Shares”) outstanding, respectively. As of that date, the SVS represented approximately 38% of the voting rights attached to the outstanding securities of the Company and the MVS represented approximately 62% of the voting rights attached to the outstanding securities of the Company.
The affirmative vote of a majority of the votes cast by the holders of the SVS and MVS voting together as a single class (the “Shareholders”) entitled to vote at the Annual Meeting and present in person or by proxy, was required to: (i) set the number of directors of the Company at seven (7); (ii) elect each of the seven (7) nominees (the “Board”) listed below; and (iii) to appoint Davidson & Company LLP (“Davidson”) as the Company’s auditor and to authorize the Board to fix Davidson’s remuneration.
The number of votes cast for, against, and number of votes withheld, as applicable, with respect to each matter voted upon are set forth below.
| Proposal 1: The Shareholders approved setting the number of directors of the Company at seven (7) directors. This proposal was approved as set forth below: |
| Votes For | Votes Against |
| 143,479,888 | 226,723 |
Proposal 2: The individuals listed below were elected at the Annual Meeting to serve as directors of the Company until the next Annual Meeting or until each of their respective successors have been duly elected or appointed:
| Director Nominee | Votes For | Votes Withholding Authority |
| David Daily | 143,000,680 | 705,931 |
| Leonid Gontmakher | 142,022,326 | 1,684,285 |
| Chetan Gulati | 143,024,707 | 681,904 |
| Robert Hunt | 142,999,830 | 706,781 |
| Kathi Lentzsch | 100,176,652 | 43,529,959 |
| Amit Patel | 143,002,524 | 704,087 |
| Roman Tkachenko | 143,007,763 | 698,848 |
Proposal 3: Davidson was appointed as the Company’s independent registered public accounting firm to hold office until the next Annual Meeting or until a successor has been appointed, and the Board was authorized to fix the auditor’s remuneration. This proposal was approved as set forth below:
| Votes For | Votes Withholding Authority |
| 171,903,901 | 368,452 |
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.
| 4FRONT VENTURES CORP. |
| /s/ Leonid Gontmakher |
| Leonid Gontmakher |
| Chief Executive Officer |
Dated: June 23, 2022