SEC Filing Summary: Leisure Acquisition Corp. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Leisure Acquisition Corp. on December 14, 2018, reporting the results of its 2018 Annual Meeting of Stockholders held on the same date. The registrant is a Delaware corporation and an emerging growth company. Note: The input metadata references "Ensysce Biosciences, Inc.," but the filing text explicitly identifies the registrant as "Leisure Acquisition Corp."
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The filing details the final voting outcomes for two proposals:
- Proposal No. 1 (Election of Director): Marc J. Falcone was elected as a Class I director until the 2021 Annual Meeting.
- For: 12,133,419 votes
- Withheld: 2,627,795 votes
- Broker Non-Votes: 3,497,880 votes
- Proposal No. 2 (Ratification of Auditors): The appointment of Marcum LLP as the independent registered public accounting firm for the year ending December 31, 2018, was ratified.
- For: 17,465,523 votes
- Against: 13,542 votes
- Abstain: 780,029 votes
- Broker Non-Votes: 0 votes
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, risk factors, contingencies, or unusual items. The report is limited to the submission of matters to a vote of security holders.
Key Facts for Investor Verification
- Verify the correct registrant name (Leisure Acquisition Corp.) against the metadata provided (Ensysce Biosciences, Inc.).
- Confirm the tenure of the newly elected director, Marc J. Falcone, through the 2021 Annual Meeting.
- Note the significant number of broker non-votes (3,497,880) on the director election proposal.
- Confirm that Marcum LLP has been retained as the independent auditor for the 2018 fiscal year.