Business Context and Reporting Period
This Form 8-K reports on the 2018 Annual Meeting of Stockholders held by Eastside Distilling, Inc. on June 18, 2018. The filing details the results of shareholder votes on director elections, executive compensation, and auditor ratification. Note: The request metadata references "Beeline Holdings, Inc.," but the filing text explicitly identifies the registrant as Eastside Distilling, Inc.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Shareholders voted on four matters at the Annual Meeting:
- Election of Directors: Six nominees were elected. All received significant support, with "Votes For" ranging from approximately 2.2 million to 2.4 million. "Votes Withheld" ranged from 974 to 243,308. There were 862,027 broker non-votes for each director.
- Say-on-Pay: Shareholders approved the compensation of named executive officers. Votes For: 2,423,667; Votes Against: 10,222; Abstentions: 8,210.
- Say-on-Frequency: Shareholders voted to hold future advisory votes on executive compensation every year. Votes for "Every Year": 2,377,399; "Every 2 Years": 15,851; "Every 3 Years": 39,061.
- Auditor Ratification: Shareholders ratified the appointment of M&K CPAS, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2018. Votes For: 3,300,929; Votes Against: 900; Abstentions: 2,297.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The Board determined that future non-binding advisory votes on executive compensation will occur annually, at least until the next required frequency vote (which must occur at least once every six years).
Investor Verification Checklist
- Verify the correct registrant name (Eastside Distilling, Inc.) versus the metadata request (Beeline Holdings, Inc.).
- Confirm the total number of shares outstanding to contextualize the voting percentages.
- Review the full Proxy Statement for details on executive compensation packages approved by the "say-on-pay" vote.
- Check subsequent filings for the company's audited financial results for the fiscal year ending December 31, 2018.