Business Context and Reporting Period
This Form 8-K filing by Sacks Parente Golf, Inc. (trading as Newton Golf Company, Inc., ticker: SPGC) reports on the Annual Meeting of Stockholders held on December 16, 2024. The company is incorporated in Delaware and its principal executive offices are located in Camarillo, CA.
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
The filing details the outcomes of two proposals submitted to security holders:
- Proposal 1: Election of Directors
- Five nominees were elected to serve one-year terms expiring at the 2025 annual meeting.
- Dr. Greg Campbell: 955,718 votes for, 7,858 withheld, 401,662 broker non-votes.
- Jane Casanta: 949,104 votes for, 14,472 withheld, 401,662 broker non-votes.
- Brett Hoge: 949,153 votes for, 14,423 withheld, 401,662 broker non-votes.
- Dottie Pepper: 954,539 votes for, 9,037 withheld, 401,662 broker non-votes.
- Akinobu Yorihiro: 948,960 votes for, 14,616 withheld, 401,662 broker non-votes.
- Proposal 2: Ratification of Independent Auditor
- Weinberg & Company, P.A. was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- Voting Results: 1,357,787 votes for, 6,593 against, 858 abstain, 0 broker non-votes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the composition of the newly elected Board of Directors and their respective terms.
- Confirm the appointment of Weinberg & Company, P.A. as the auditor for the 2024 fiscal year.
- Note the significant number of broker non-votes (401,662) on the director election, indicating shares held in street name where brokers did not have discretionary voting authority.
- Review the upcoming 10-K filing for the fiscal year ended December 31, 2024, to obtain financial performance data not included in this 8-K.