SKYX Platforms Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SKYX Platforms Corp. (formerly SQL Technologies Corp.) on June 14, 2022. The filing documents the Company's 2022 Annual Meeting of Stockholders and a formal change to its corporate name.
Key Financial Metrics
This filing is a current report regarding corporate governance and structural changes. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
- Corporate Name Change: Effective June 14, 2022, the Company changed its name from SQL Technologies Corp. to SKYX Platforms Corp. via an amendment to its Articles of Incorporation.
- Bylaws Amendment: The Company amended and restated its Bylaws to reflect the name change.
- Stock Trading: Common stock continues to trade on The Nasdaq Stock Market LLC under the ticker symbol "SKYX" with CUSIP 78471E105. Existing stock certificates remain valid.
Corporate Actions and Governance
The Company held its 2022 Annual Meeting on June 14, 2022. Key outcomes included:
- Director Elections: Eight directors were elected: Rani R. Kohen, Nancy DiMattia, Gary N. Golden, Efrat L. Greenstein Brayer, Phillips S. Peter, Thomas J. Ridge, Dov Shiff, and Leonard J. Sokolow.
- Accounting Firm Ratification: M&K CPAS, PLLC was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2022.
- Executive Compensation: Stockholders approved executive compensation on an advisory basis and voted to hold future advisory votes on compensation annually.
Investor Verification Checklist
- Verify the effective date of the name change (June 14, 2022) and confirm the ticker symbol remains "SKYX" on Nasdaq.
- Confirm the composition of the newly elected Board of Directors.
- Review the attached Articles of Amendment (Exhibit 3.1) and Amended Bylaws (Exhibit 3.2) for any provisions beyond the name change.
- Note that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.