Business Context and Reporting Period
This Form 8-K reports on the results of the adjourned 2018 Annual Meeting of Stockholders for My Size, Inc., held on July 3, 2018. The meeting was originally scheduled for June 4, 2018, but was adjourned twice to solicit additional proxies and obtain a quorum. A total of 10,094,855 shares were represented at the reconvened meeting.
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 and stockholder voting outcomes.
Material Changes and Voting Results
Four proposals were voted upon at the Annual Meeting:
- Proposal 1 (Election of Directors): All five nominees were elected. The voting results were as follows:
- Ronen Luzon: 9,832,401 For, 21,124 Withheld
- Eli Walles: 9,824,264 For, 29,261 Withheld
- Arik Kaufman: 9,821,696 For, 31,829 Withheld
- Oren Elmaliah: 9,818,715 For, 34,810 Withheld
- Oron Branitzky: 9,826,652 For, 26,873 Withheld
- Proposal 2 (2017 Equity Incentive Plan Amendment): Stockholders approved increasing the reserved common stock for issuance from 2,000,000 to 3,000,000 shares.
- For: 9,141,903
- Against: 686,914
- Abstain: 24,707
- Proposal 3 (2017 Consultant Equity Incentive Plan Amendment): Stockholders approved increasing the reserved common stock for issuance from 4,500,000 to 7,000,000 shares.
- For: 9,055,889
- Against: 770,804
- Abstain: 26,831
- Proposal 4 (Ratification of Auditors): Stockholders ratified the appointment of Somekh Chaikin as the independent public accountant for the fiscal year ending December 31, 2018.
- For: 9,970,383
- Against: 88,025
- Abstain: 36,447
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on operations, specific risks, or contingencies. The document is limited to the procedural history of the meeting and the tabulation of votes.
Key Facts for Investor Verification
- Verify the impact of the increased share reserves (totaling 10,000,000 additional shares across both plans) on potential future dilution.
- Confirm the quorum status and the number of shares represented (10,094,855) relative to the total outstanding shares to assess stockholder engagement.
- Note the significant number of votes cast "Against" the equity plan amendments (approx. 1.45 million combined), which may indicate stockholder concern regarding dilution.
- Review the company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.