Item 5.07. Submissions of Matters to a Vote of Security Holders.
As previously reported, on
On
As of
Each of the proposals described below was approved by the Company's stockholders
of record. As of
PROPOSAL 1:
To approve and adopt the Merger Agreement, pursuant to which the Company will engage in the Business Combination with Nauticus.
For Against Abstain 4,505,113 5,456 0 PROPOSAL 2:
To approve the proposed Second Amended and Restated Certificate of Incorporation
of
For Against Abstain 4,505,113 5,456 0 PROPOSAL 3: To approve the proposed amended and restated Bylaws ofCleanTech (the "Amended and Restated Bylaws"). For Against Abstain 4,505,113 5,456 0 1 PROPOSAL 4:
To approve and adopt, on a non-binding advisory basis, certain differences, in the governance provisions set forth in the Amended Charter, as compared to our current amended and restated certificate of incorporation:
a) to increase the authorized number of shares to 635,000,000 shares, consisting of 625,000,000 shares of common stock and 10,000,000 shares of preferred stock.
For Against Abstain 4,387,866 122,566 137
b) to divide the board into three classes with only one class of directors being elected each year and each class (except for those directors appointed prior to the first annual meeting of stockholders) serving a three-year term.
For Against Abstain 4,387,976 122,456 137
c) to include a provision that the board or any director of the board may be removed from office at any time, but only for cause and only by the affirmative vote of the holders of at least two-thirds (66 and 2/3%) of the voting power of all of the then outstanding shares of voting stock of the company entitled to vote at an election of directors.
For Against Abstain 4,387,976 122,467 137
d) provide that in addition to any vote required by applicable law, the approval by affirmative vote of the holders of at least two-thirds (66-2/3%) in voting power of the then outstanding shares of the company generally entitled to vote thereon, voting together as a single class, is required to make any amendment to Part B of Article IV, Article V, Article VI, Article VII, Article VIII, and Article IX of the Amended Charter.
For Against Abstain 4,505,112 5,457 0
e) to provide that the Amended and Restated Bylaws may be amended by either (i) the directors of the board, who are expressly authorized to adopt, amend, or repeal the Amended and Restated Bylaws, or (ii) the stockholders of the company, who may vote for the adoption, amendment or repeal of the Amended and Restated Bylaws of the company with the affirmative vote of the holders of at least two-thirds (66-2/3%) of the voting power of all of the then outstanding shares of voting stock of the company entitled to vote generally in an election of directors.
For Against Abstain 4,505,102 5,467 0 PROPOSAL 5:
To approve the election of eight directors effective upon consummation of the Business Combination.
Each of the director nominees received the following votes:
Director Nominee Class For Withhold Jim Bellingham I 4,505,138 5,431 Adam Sharkawy I 4,505,138 5,431 Eli Spiro II 4,505,138 5,431 Lisa Porter II 4,505,138 5,431 Joseph W. Dyer II 4,505,138 5,431 John W. Gibson, Jr. II 4,505,138 5,431 Mark Mey III 4,505,138 5,431 Nicolaus Radford III 4,505,138 5,431 2 PROPOSAL 6: To approve theNauticus Robotics, Inc. 2022 Incentive Award Plan (the "Incentive Award Plan"). For Against Abstain 4,504,966 5,466 137 PROPOSAL 7:
To approve for purposes of complying with Nasdaq Listing Rule 5635(a) and (b), the issuance of more than 20% of the issued and outstanding shares of common stock and the resulting change in control in connection with the Business Combination:
For Against Abstain 4,505,103 5,466 0 PROPOSAL 8:
To approve for purposes of complying with Nasdaq Listing Rule 5635(d), the
issuance or potential issuance of more than 20% of the common stock in
connection with the
For Against Abstain 4,505,103 5,466 0 PROPOSAL 9:
To approve the adjournment of the Special Meeting by the chairman thereof to a later date, if necessary, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing Proposals, in the event the company does not receive the requisite stockholder vote to approve the proposals. Because all of the other proposals had received the requisite approval, this Proposal 9 was rendered moot and not voted at the Special Meeting.
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