Greenpro Capital Corp. current report, 05 June 2020

Abrir documento

Greenpro Capital Corp. Form 8-K Summary

Business Context and Reporting Period

This Form 8-K Current Report, dated June 5, 2020, covers the results of Greenpro Capital Corp.'s Annual Meeting of Stockholders held on that date. The Company is incorporated in Nevada and its common stock (Ticker: GRNQ) trades on the NASDAQ Capital Market.

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 rather than financial performance.

Material Changes and Voting Results

The primary material event reported is the outcome of two shareholder votes:

  • Election of Directors: Stockholders elected all six nominees for one-year terms. The voting results were as follows:
    • Lee, Chong Kuang: 42,572,682 votes for; 2,158 withheld; 1,534,056 abstentions/broker non-votes.
    • Loke Che Chan Gilbert: 42,572,682 votes for; 2,158 withheld; 1,534,056 abstentions/broker non-votes.
    • Chuchottaworn, Srirat: 42,572,682 votes for; 2,158 withheld; 1,534,056 abstentions/broker non-votes.
    • Louis, Ramesh Ruben: 42,572,685 votes for; 2,155 withheld; 1,534,056 abstentions/broker non-votes.
    • Glendening, Brent Lewis: 42,572,685 votes for; 2,155 withheld; 1,534,056 abstentions/broker non-votes.
    • Bringuier, Christophe Philippe Roland: 42,572,685 votes for; 2,155 withheld; 1,534,056 abstentions/broker non-votes.
  • Ratification of Auditors: Stockholders ratified the appointment of Weinberg & Company P.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2020.
    • Votes For: 43,960,297
    • Votes Against: 148,597
    • Abstain: 2

Guidance, Outlook, and Risks

The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.

Key Facts for Investor Verification

  • Confirm the tenure of the newly elected directors, which expires at the 2021 Annual Meeting.
  • Verify the engagement of Weinberg & Company P.A. for the 2020 fiscal year audit.
  • Note the significant number of abstentions and broker non-votes (approx. 1.53 million) in the director election, which may indicate passive voting or lack of instruction from beneficial owners.
  • Review the Company's most recent 10-K or 10-Q for financial data, as this 8-K contains no financial metrics.