My Size, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by My Size, Inc. on January 6, 2022. The report details corporate governance actions taken following the reconvening of the Company's Annual Meeting of Stockholders, originally held on December 30, 2021.
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 capital structure amendments rather than financial performance.
Material Changes
- Authorized Share Increase: The Company filed a Certificate of Amendment to increase the authorized number of common stock shares from 100,000,000 to 250,000,000.
- Board Classification: Stockholders approved the "Classified Board Amendment," restructuring the Board of Directors into three classes with staggered three-year terms.
- By-Law Amendment: Section 2.12 of the By-Laws was deleted to clarify voting requirements for stockholder advisory proposals.
Guidance, Outlook, and Voting Results
The filing contains no management guidance, outlook, or discussion of risks and contingencies. It reports the final voting results for Proposal 3 (Classified Board Amendment) from the reconvened Annual Meeting:
- For: 12,010,344 votes
- Against: 537,777 votes
- Abstain: 25,126 votes
- Broker Non-Votes: 3,475,763 votes
Following the amendment, the Board is classified as follows:
- Class I: Arik Kaufman and Oren Elmaliah (terms expire at the 2022 annual meeting).
- Class II: Oron Branitzky and Guy Zimmerman (terms expire at the 2023 annual meeting).
- Class III: Ronen Luzon (term expires at the 2024 annual meeting).
Investor Verification Checklist
- Verify the effective date of the increased authorized share count (250,000,000 shares) in the Delaware Secretary of State records.
- Confirm the specific expiration dates for the initial terms of the newly classified Board members.
- Review the full text of the amended By-Laws to understand the specific changes to voting procedures for advisory proposals.