Local Bounti Corporation Form 8-K Summary
Business Context and Reporting Period
Local Bounti Corporation filed a Form 8-K reporting results of its 2023 annual meeting of stockholders, held June 20, 2023. The filing was signed and submitted June 23, 2023. As of the April 21, 2023 record date, 105,398,944 common shares were outstanding and entitled to vote.
Voting Results
Stockholders representing 69.16% of eligible shares participated in person via live webcast or by proxy, constituting a quorum.
| Matter | For | Against | Withheld/Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Election of Edward C. Forst | 44,323,963 | — | 8,208,261 withheld | 20,368,112 |
| Election of Mark J. Nelson | 43,422,931 | — | 9,109,293 withheld | 20,368,112 |
| Ratification of WithumSmith+Brown, PC | 71,255,214 | 1,580,734 | 64,388 abstain | — |
Edward C. Forst and Mark J. Nelson were elected as Class II directors to serve three-year terms, subject to earlier resignation or removal. Stockholders ratified WithumSmith+Brown, PC as the independent registered public accounting firm for the year ending December 31, 2023.
Financial Metrics and Material Changes
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, operating results, or other financial metrics. It does not report a material change versus a prior comparable period.
Guidance, Outlook, Risks, and Unusual Items
The filing does not provide financial guidance, operating outlook, management commentary, new risk disclosures, contingencies, or unusual financial items.
Investor Verification Items
- Verify the election of Edward C. Forst and Mark J. Nelson and their three-year Class II director terms.
- Verify the ratification of WithumSmith+Brown, PC for the 2023 audit.
- Review subsequent filings for financial results, liquidity, financing needs, and business outlook, which are not addressed in this Form 8-K.
- Note that the filing identifies Local Bounti as an emerging growth company and lists common stock ticker LOCL and warrants ticker LOCL WS on the New York Stock Exchange.