Item 5.07. Submission of Matters to a Vote of Security Holders.
On
On
1
The approval of the Business Combination Proposal required the affirmative vote of at least a majority of the votes cast by the holders of the issued and outstanding Founder ordinary shares represented in person or by proxy and entitled to vote thereon and who vote at the Meeting.
The Business Combination Proposal and each of the other Proposals presented at the Meeting were approved by Founder's shareholders. The final voting results for each Proposal are set forth below.
Business Combination Proposal
The Business Combination Proposal was approved by ordinary resolution of Founder's shareholders, and received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 30,012,866 822,897 1,806 Domestication Proposal
The Domestication Proposal was approved by special resolution of Founder's shareholders, and received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 30,012,906 822,867 1,796 Charter Proposal
The Charter Proposal was approved by special resolution of Founder's shareholders, and received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 30,013,788 821,985 1,796 Governance Proposals
Each of the Governance Proposals was approved. The votes for each sub-proposal were as follows:
(i) A proposal to amend the Memorandum and Articles of Association to authorize
the change in the authorized capital stock of Founder from (i) 479,000,000 Founder Class A Shares, 20,000,000 Founder ClassB Shares and 1,000,000 preference shares, par value$0.0001 per share, of Founder, to (ii) 690,000,000 shares of Class A common stock, 275,000,000 shares of Class V common stock and 10,000,000 shares of New Rubicon preferred stock, par value$0.0001 per share, received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 23,378,633 4,087,566 3,371,370
(ii) A proposal to amend the Memorandum and Articles of Association to authorize
adoptingDelaware as the exclusive forum for certain stockholder litigation received the following votes: Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 23,379,899 4,087,636 3,370,034 2
(iii) A proposal to amend the Memorandum and Articles of Association to authorize
adopting Section 203 of the Delaware General Corporate Law to prevent certain takeovers by interested stockholders received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 23,380,485 4,087,068 3,370,016
(iv) A proposal to amend the Memorandum and Articles of Association to require at
least two-thirds of the voting power of the stock outstanding and entitled to vote thereon, voting together as a single class, to adopt, amend or repeal, or adopt any provision inconsistent with, Articles V (the provisions regarding the size of the board of directors of New Rubicon, the classification of the board of directors of New Rubicon, the filling of vacancies and the election and removal of directors), VI (the provisions regarding stockholder actions without a meeting and who can call special meetings of stockholders), IX (the provisions regarding requirements to amend the charter and bylaws of New Rubicon by the board of directors of New Rubicon or by stockholders), and X (the provisions regarding the limited liability of directors of New Rubicon) of the Proposed Charter or any provision of the bylaws of New Rubicon received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 23,379,312 4,087,598 3,370,659
(v) A proposal to amend the Memorandum and Articles of Association to approve
provisions permitting the removal of a director only for cause and only by the affirmative vote of not less than two-thirds of the outstanding shares entitled to vote at an election of directors, voting together as a single class, received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 23,375,687 4,091,026 3,370,856
(vi) A proposal to amend the Memorandum and Articles of Association to approve
provisions requiring stockholders to take action at an annual or special meeting and prohibiting stockholder action by written consent in lieu of a meeting received the following votes: Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 23,374,529 4,092,547 3,370,493
(vii) A proposal to amend the Memorandum and Articles of Association to adopt a
waiver of corporate opportunities for its non-employee directors received the following votes: Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 23,378,447 4,087,077 3,372,045
(viii) a proposal to amend the Memorandum and Articles of Association to
authorize (i) changing the corporate name from "Founder SPAC" to "Rubicon Technologies, Inc. "; (ii) making New Rubicon's corporate existence perpetual, and (iii) removing certain provisions related to Founder's status as a blank check company that will no longer be applicable upon consummation of the Business Combination received the following votes: Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 26,644,919 822,517 3,370,133 3 Directors Proposal The Directors Proposal was approved by ordinary resolution of Founder's shareholders, electing, effective as of the consummation of the Business Combination,Nate Morris ,Andres Chico ,Paula Henderson ,Coddy Johnson ,Osman Ahmed ,Jack Selby , AmbassadorPaula J. Dobriansky ,Barry Caldwell , andBrent Callinicos , to serve on the board of directors of New Rubicon until their respective successors are duly elected and qualified. Pursuant to Founder's Memorandum and Articles of Association, only holders of Founder's ClassB Shares were permitted to vote on the Directors Proposal. The Director Nominees received the following votes: Director Nominees: i. Nate Morris Founder Class B Shares Founder Class B Shares Founder Class B Shares Votes For Votes Against Abstentions 7,906,250 0 0 ii. Andres Chico Founder Class B Shares Founder Class B Shares Founder Class B Shares Votes For Votes Against Abstentions 7,906,250 0 0 iii. Coddy Johnson Founder Class B Shares Founder Class B Shares Founder Class B Shares Votes For Votes Against Abstentions 7,906,250 0 0 iv. Paula Henderson Founder Class B Shares Founder Class B Shares Founder Class B Shares Votes For Votes Against Abstentions 7,906,250 0 0 v. Osman Ahmed Founder Class B Shares Founder Class B Shares Founder Class B Shares Votes For Votes Against Abstentions 7,906,250 0 0 vi. Jack Selby Founder Class B Shares Founder Class B Shares Founder Class B Shares Votes For Votes Against Abstentions 7,906,250 0 0
vii. Ambassador
Founder Class B Shares Founder Class B Shares Founder Class
Votes For Votes Against Abstentions 7,906,250 0 0 viii.Barry Caldwell
Founder Class B Shares Founder Class B Shares Founder Class
Votes For Votes Against Abstentions 7,906,250 0 0 ix.Brent Callinicos
Founder Class B Shares Founder Class B Shares Founder Class
Votes For Votes Against Abstentions 7,906,250 0 0 4 Share Plan Proposal
The Share Plan Proposal was approved by ordinary resolution of Founder's shareholders, and received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares Votes For Votes Against Abstentions 25,376,532 5,456,708 4,329 Nasdaq Proposal
The Nasdaq Proposal was approved by ordinary resolution of Founder's shareholders, and received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 30,011,260 822,967 3,342 Adjournment Proposal
The Adjournment Proposal was approved by ordinary resolution of Founder's shareholders, and received the following votes:
Founder Ordinary Shares Founder Ordinary Shares Founder Ordinary Shares
Votes For Votes Against Abstentions 29,909,199 823,799 104,571
Item 7.01. Regulation FD Disclosure.
On
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press Release, datedAugust 3, 2022 5
© Edgar Online, source