Business Context and Reporting Period
This Form 8-K is a current report filed by WiSA Technologies, Inc. (not Datavault AI Inc.) on March 29, 2024. The filing reports the results of a Reconvened Special Meeting of Stockholders held on the same date to vote on a specific proposal that was adjourned from a previous meeting on March 15, 2024.
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 voting results.
Material Changes and Voting Results
The primary event reported is the failure of Proposal 3, which sought to amend the Company's Certificate of Incorporation to permit the Board of Directors to amend the Company's bylaws. The proposal was not approved by stockholders.
- Shares Outstanding (Record Date): 58,296,545
- Shares Present (Quorum): 35,279,432
- Votes For: 23,081,471
- Votes Against: 3,052,358
- Abstentions: 1,745,639
- Broker Non-Votes: 7,399,964
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, or specific risk factors. The document strictly details the procedural outcome of the stockholder vote and references a Definitive Proxy Statement filed on February 15, 2024, for further details on the proposal.
Investor Verification Checklist
- Verify the company name is WiSA Technologies, Inc. (Ticker: WISA), not Datavault AI Inc.
- Confirm the failure of the bylaw amendment proposal (Proposal 3) and its implications for corporate governance flexibility.
- Review the Definitive Proxy Statement filed on February 15, 2024, for the rationale behind the proposal and management's response to the vote.
- Note the significant number of broker non-votes (7,399,964) relative to the total shares present.