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. |
On May 24, 2022, Haymaker Acquisition Corp. III, a Delaware corporation (the “Company”), held a special meeting in lieu of the 2022 annual meeting of stockholders (the “Special Meeting”). At the Special Meeting, a total of 30,043,046 (75.7%) of the Company’s issued and outstanding shares of common stock held of record as of April 27, 2022, the record date for the Special Meeting, were present either in person (including by virtual presence online at the Special Meeting) or by proxy, which constituted a quorum. The Company’s stockholders voted on the following proposals at the Special Meeting, each of which was approved and is described in more detail in the Company’s definitive proxy statement (the “Definitive Proxy Statement”) filed with the Securities and Exchange commission (the “SEC”) on May 5, 2022. The final vote tabulation for each proposal is set forth below.
| 1. | Business Combination Proposal. The stockholders approved the Business Combination Agreement, dated as of December 13, 2021 (as amended, the “Business Combination Agreement”), by and among the Company, Haymaker Sponsor III LLC, a Delaware limited liability company, BioTE Holdings, LLC, a Nevada limited liability company (“Biote”), BioTE Management, LLC, a Nevada limited liability company, Dr. Gary Donovitz, in his individual capacity, and Teresa S. Weber, in her capacity as the members’ representative, and the other transactions contemplated thereby (the “Business Combination”). The final voting tabulation for this proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 28,309,471 | 1,422,320 | 311,255 | 0 |
| 2. | Nasdaq Proposal: The stockholders approved, for purposes of complying with applicable listing rules of the Nasdaq Stock Market LLC (“Nasdaq”), the issuance of more than 20% of the Company’s issued and outstanding common stock (i) pursuant to the terms of the Business Combination Agreement and (ii) upon the redemption of the Retained Biote Units (as defined in the Definitive Proxy Statement) pursuant to the terms of the Biote A&R OA (as defined in the Definitive Proxy Statement), in each case, that may result in a Member (as defined in the Definitive Proxy Statement) owning more than 20% of the Company’s outstanding common stock, or more than 20% of the voting power, which could constitute a “change of control” under Nasdaq rules. The final voting tabulation for this proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 28,284,386 | 1,447,405 | 311,255 | 0 |
| 3. | Charter Proposal: The stockholders approved the Company’s proposed second amended and restated certificate of incorporation (the “proposed charter”), in connection with the Business Combination. The final voting tabulation for this proposal was as follows: |
Class A common stock and Class B common stock voting together:
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 28,284,386 | 1,447,405 | 311,255 | 0 |
Class A common stock voting as a separate class:
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 20,346,886 | 1,447,405 | 311,255 | 0 |
Class B common stock voting as a separate class:
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 7,937,500 | 0 | 0 | 0 |
| 4. | Net Tangible Assets Proposal: The stockholders approved the proposal related to certain provisions contained in the proposed charter, which will remove requirements contained in the Company’s amended and restated certificate of incorporation (as amended through the date of the Definitive Proxy Statement, the “current charter”) that limit the Company’s ability to redeem shares of Class A common stock and consummate an initial business combination if the amount of such redemptions would cause the Company to have less than $5,000,001 in net tangible assets. The final voting tabulation for this proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 28,119,170 | 1,612,621 | 311,255 | 0 |
| 5. | Advisory Charter Proposals: The stockholders approved the following proposals related to, on a non-binding advisory basis, certain material differences between the Company’s current charter and the proposed charter, which were presented in accordance with the requirements of the SEC as three separate sub-proposals: |
| A. | To elect not to be governed by Section 203 of the DGCL. The final voting tabulation for this sub-proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 24,905,585 | 1,612,621 | 3,524,840 | 0 |
| B. | To change the name of the new public entity to “biote Corp.” from “Haymaker Acquisition Corp. III.” The final voting tabulation for this sub-proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 25,236,417 | 1,612,621 | 3,194,008 | 0 |
| C. | To, upon completion of the Business Combination, increase the authorized capital stock from 221,000,000 shares, consisting of 200,000,000 shares of Class A common stock, 20,000,000 shares of Class B common stock and 1,000,000 shares of preferred stock, to 718,000,000 shares, which would consist of 708,000,000 shares of common stock, including 600,000,000 shares of Class A common stock, 8,000,000 shares of Class B common stock, 100,000,000 shares of Class V voting stock and 10,000,000 shares of preferred stock. The final voting tabulation for this sub-proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 23,864,531 | 4,504,312 | 1,674,203 | 0 |
| 6. | Incentive Plan Proposal: The stockholders approved the Incentive Plan (as defined in the Definitive Proxy Statement). The final voting tabulation for this proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 27,615,237 | 1,487,141 | 940,668 | 0 |
| 7. | ESPP Proposal: The stockholders approved the ESPP (as defined in the Definitive Proxy Statement), including the authorization of the initial share reserve under the ESPP. The final voting tabulation for this proposal was as follows: |
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 28,284,379 | 1,447,405 | 311,262 | 0 |
| 8. | Director Election Proposal: The stockholders approved the proposal to elect seven directors to serve staggered terms on the board of directors of the Company (the “Board”) until immediately following the 2023, 2024 and 2025 annual meetings of the Company’s stockholders, as applicable, and until their respective successors are duly elected and qualified. The final voting tabulation for this proposal was as follows: |
| Nominee |
Votes For | Votes Withheld | Broker Non-Votes | |||||||||
| Stephen Powell |
28,065,118 | 1,977,928 | 0 | |||||||||
| Dana Jacoby |
29,731,784 | 311,262 | 0 | |||||||||
| Steven J. Heyer |
28,065,118 | 1,977,928 | 0 | |||||||||
| Mark Cone |
29,731,784 | 311,262 | 0 | |||||||||
| Andrew R. Heyer |
25,549,313 | 4,493,733 | 0 | |||||||||
| Marc D. Beer |
27,354,497 | 2,688,549 | 0 | |||||||||
| Teresa Weber |
29,731,784 | 311,262 | 0 | |||||||||
| Item 7.01 | Regulation FD Disclosure. |
On May 24, 2022, the Company issued a press release announcing the results of the Special Meeting. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1993, as amended (the “Securities Act”) or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | Press Release, dated May 24, 2022. | |
SIGNATURE
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.
| HAYMAKER ACQUISITION CORP. III | ||
| By: | /s/ Christopher Bradley | |
| Name: | Christopher Bradley | |
| Title: | Chief Financial Officer | |
Date: May 24, 2022