Business Context and Reporting Period
Motorsport Games Inc. filed a Form 8-K reporting the results of its Annual Stockholders’ Meeting held on June 21, 2022. The report was signed on June 22, 2022. The filing concerns corporate governance matters and does not report quarterly or annual financial results.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics.
Material Changes and Voting Results
- Director elections: Stockholders elected Dmitry Kozko, Francesco Piovanetti, and Neil Anderson as Class II directors for two-year terms expiring at the 2024 annual meeting.
- Independence: The Board determined that Francesco Piovanetti and Neil Anderson qualify as independent directors.
- Auditor ratification: Stockholders ratified the Audit Committee’s selection of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2022.
| Director | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Dmitry Kozko | 79,145,338 | 39,008 | 1,067,078 |
| Francesco Piovanetti | 78,085,718 | 98,628 | 1,067,078 |
| Neil Anderson | 77,151,543 | 1,032,803 | 1,067,078 |
| Auditor Ratification | Votes |
|---|---|
| For | 79,218,404 |
| Against | 25,611 |
| Abstentions | 7,409 |
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, outlook, management commentary, contingencies, or unusual operating items. It states that there were no broker non-votes on the auditor-ratification proposal because it was considered a routine proposal.
Investor Verification Items
- Verify the elected directors’ two-year terms and the Board’s independence determinations.
- Confirm Grant Thornton LLP’s appointment for the year ending December 31, 2022.
- Review subsequent filings for any changes in board composition, auditor, financial condition, or operating outlook.