My Size, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers events occurring on December 30, 2021, regarding the 2021 Annual Meeting of Stockholders for My Size, Inc. (MYSZ), a Delaware corporation. The filing details the voting results on six proposals and the adjournment of the meeting to allow additional time for voting on one specific proposal.
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 actions and voting outcomes rather than financial performance.
Material Changes and Voting Results
At the Annual Meeting, 15,988,761 shares were represented. The following outcomes were reported:
- Proposal 1 (Election of Directors): All five nominees (Ronen Luzon, Arik Kaufman, Oren Elmaliah, Oron Braniztky, Guy Zimmerman) were elected.
- Proposal 2 (Stockholder Rights Plan): Approved with 11,804,571 votes for and 579,135 against.
- Proposal 3 (Staggered Board): Not Approved. The proposal to classify the board into three classes with staggered terms failed. The meeting was adjourned to January 6, 2022, to solicit additional votes on this matter.
- Proposal 4 (Authorized Shares): Approved. The authorized number of common shares was increased from 100,000,000 to 250,000,000.
- Proposal 5 (Equity Incentive Plan): Approved. The 2017 Equity Incentive Plan reservation was increased from 1,450,000 to 5,770,000 shares.
- Proposal 6 (Auditor Ratification): Approved. Somekh Chaikin was ratified as the independent public accountant.
Outlook, Risks, and Unusual Items
Adjournment: The Annual Meeting was adjourned to January 6, 2022, specifically to allow more time for stockholders to vote on Proposal 3 (Staggered Board). The outcome of this proposal remains pending as of the filing date.
Settlement Agreement: The filing references a settlement agreement entered into on November 4, 2021, with David Lazar and certain affiliates regarding director nominees. Full details are incorporated by reference from a prior 8-K filed on November 5, 2021.
Investor Verification Checklist
- Verify the final outcome of Proposal 3 (Staggered Board) following the adjourned meeting on January 6, 2022.
- Review the definitive proxy statement filed on December 6, 2021, for full details on the 2017 Equity Incentive Plan amendment.
- Examine the November 5, 2021, Form 8-K for the complete text of the settlement agreement with David Lazar.
- Confirm the impact of the increased authorized share count (250 million) on potential future dilution.