BT Brands, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2026 Annual Meeting of Shareholders held by BT Brands, Inc. on June 19, 2026. The company is incorporated in Wyoming and its common stock (BTBD) and warrants (BTBDW) trade on the Nasdaq Capital Market.
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 and shareholder voting results.
Material Changes and Voting Results
As of the record date (May 29, 2026), 6,184,724 shares were outstanding. At the meeting, 3,355,159 shares were present, constituting a quorum. Shareholders approved the election of four directors for one-year terms. The voting results were as follows:
| Director Nominee | For Votes | Withheld Votes | Broker Non-Votes |
|---|---|---|---|
| Gary Copperud (Chairperson) | 2,430,561 | 46,058 | 878,540 |
| Allan Anderson (Audit Committee Chair) | 2,409,072 | 67,547 | 878,540 |
| Terri Tochihara-Dirks (Compensation Committee Chair) | 2,425,222 | 51,397 | 878,540 |
| Fred Croci | 2,450,226 | 26,393 | 878,540 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Quorum Achievement: Approximately 54% of outstanding shares were present or represented by proxy.
- Broker Non-Votes: A significant number of shares (878,540) were recorded as broker non-votes for all director nominees, indicating brokers did not have discretionary authority to vote on these matters.
- Board Composition: The newly elected board includes specific committee assignments: Allan Anderson chairs the Audit Committee, and Terri Tochihara-Dirks chairs the Compensation Committee.
- Term Length: All directors were elected for a one-year term.