Xos, Inc. Form 8-K Summary
Business context and reporting period
Xos, Inc. filed a Form 8-K reporting results from its virtual 2022 annual meeting of stockholders held on July 12, 2022. The report was signed and dated July 15, 2022. The filing concerns corporate governance matters and does not report quarterly or annual financial results.
Meeting participation and voting results
Holders of 135,004,968 shares, representing 82.4% of the 163,828,393 shares outstanding as of the May 16, 2022 record date, were present virtually or by proxy, constituting a quorum.
| Proposal | For | Against or withheld | Abstentions | Broker non-votes | Outcome |
|---|---|---|---|---|---|
| Election of Burt R. Jordan as Class I director through the 2025 annual meeting | 67,377,136 | 53,921,044 withheld | Not separately reported | 13,706,788 | Approved |
| Election of Ed Rapp as Class I director through the 2025 annual meeting | 67,380,645 | 53,917,535 withheld | Not separately reported | 13,706,788 | Approved |
| Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal 2022 | 134,192,599 | 313,645 | 498,724 | Not reported | Approved |
Financial metrics, liquidity, and debt
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics.
Material changes, outlook, and risks
The filing does not disclose material business changes, financial guidance, management outlook, contingencies, or unusual items. The principal reported governance actions were the election of two directors and ratification of the independent auditor.
Important facts to verify
- Confirm the elected directors’ service terms through the 2025 annual meeting.
- Confirm Grant Thornton LLP’s appointment for the fiscal year ending December 31, 2022.
- Review the definitive proxy statement filed May 27, 2022 for the detailed proposals and voting standards.
- Note that the filing reports a July 12 meeting date but was executed on July 15, 2022.