Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Stockholders' Meeting held by Motorsport Games Inc. on June 11, 2024. The company is incorporated in Delaware and its Class A common stock trades on The Nasdaq Capital Market under the symbol MSGM.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity is not provided in this document.
Material Changes and Voting Results
The filing details the outcomes of two proposals submitted to security holders:
- Proposal 1 (Election of Director): Stockholders elected John Delta as a Class II director for a two-year term expiring in 2026. The Board has determined Mr. Delta qualifies as an independent director.
- Votes For: 7,046,715
- Votes Withheld: 36,324
- Broker Non-Votes: 406,519
- Proposal 2 (Ratification of Auditors): Stockholders ratified the selection of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2024.
- Votes For: 7,453,720
- Votes Against: 33,880
- Abstentions: 1,958
- Broker Non-Votes: None (routine proposal)
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of the voting results.
Key Facts for Investor Verification
- Confirmation that John Delta has been elected as an independent director for the 2024-2026 term.
- Verification that Grant Thornton LLP remains the independent auditor for the fiscal year ending December 31, 2024.
- Review of the total voting participation and the ratio of votes withheld against the director nominee.