Clean Energy Technologies, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers events occurring on November 21, 2018, regarding the Company's Annual Meeting of Shareholders. The report was filed on November 27, 2018. As of the record date of October 11, 2018, there were 555,657,656 shares of common stock outstanding.
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 Corporate Actions
- Director Election: Shareholders approved the election of nine directors for a one-year term. The filing contains a clerical error stating the term expires at the "2015 Annual Meeting," which is inconsistent with the 2018 filing date.
- Accounting Firm Ratification: Shareholders ratified the appointment of Fruci and Associates II, PLLC as the independent registered public accounting firm for fiscal year 2018.
- Director Departure: Lin Shuangan resigned from the Board of Directors effective November 21, 2018, to pursue other interests. The resignation was not due to any disagreement with the Company regarding operations, finances, or policies.
Voting Results
| Proposal | Votes For | Votes Against/Withheld | Broker Non-Votes |
|---|---|---|---|
| Election of Directors (Sample: Kambiz Mahdi) | 332,479,553 | 1,029,108 (Withheld) | 577,608 |
| Ratification of Auditors | 411,768,468 | 7,224,468 (Against) / 2,311,739 (Abstain) | 2,311,739 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, or specific risk factors beyond the standard disclosure regarding the director's resignation.
Investor Verification Checklist
- Verify the correct expiration date for the newly elected directors' term, as the filing erroneously references the year 2015.
- Confirm the full list of the nine elected directors, as the text only explicitly details vote counts for four nominees.
- Review the Company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.
- Monitor subsequent filings to confirm the appointment of a replacement for the resigned director, Lin Shuangan.