Laird Superfood, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders held by Laird Superfood, Inc. on May 7, 2021. The company is incorporated in Delaware and trades on the NYSE American under the symbol LSF. The filing was signed on May 10, 2021.
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.
Material Changes and Voting Results
A quorum was established with 5,179,065 shares voted, representing approximately 58% of the 8,895,852 shares issued and outstanding.
Proposal 1: Election of Directors
All seven nominees were elected to serve until the 2022 Annual Meeting. Voting results were as follows:
| Nominee | For | Withheld | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Geoffrey T. Barker | 4,626,081 | 68,924 | 38,621 | 445,439 |
| Jim Buechler | 4,627,489 | 67,501 | 38,636 | 445,439 |
| Maile Naylor | 4,388,807 | 307,580 | 37,239 | 445,439 |
| Gregory Graves | 4,034,820 | 660,138 | 38,668 | 445,439 |
| Laird Hamilton | 4,598,418 | 108,379 | 26,829 | 445,439 |
| Paul Hodge | 4,636,966 | 69,395 | 27,265 | 445,439 |
| Thomas Wetherald | 4,527,733 | 178,533 | 27,360 | 445,439 |
Proposal 2: Ratification of Independent Registered Public Accountants
Stockholders ratified the appointment of Moss Adams LLP for the fiscal year ending December 31, 2021.
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 5,123,978 | 8,677 | 46,410 | 0 |
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
- Quorum Status: 58% of outstanding shares were present or represented by proxy.
- Board Composition: All seven director nominees were successfully elected.
- Accounting Firm: Moss Adams LLP was ratified as the independent auditor.
- Shareholder Dissent: Gregory Graves received the highest number of "Withheld" votes (660,138) among the director nominees.
- Broker Non-Votes: 445,439 broker non-votes were recorded for the director election, which typically do not count toward the total votes cast for or against a proposal.