Business Context and Reporting Period
This Form 8-K Current Report from Jerash Holdings (US), Inc. (JRSH) covers the annual meeting of stockholders held on September 15, 2021. The filing details the outcomes of shareholder votes regarding director elections and the ratification of the independent registered public accounting firm.
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 events and does not contain financial performance data.
Material Changes and Voting Results
Director Elections
Stockholders elected five directors to serve until the 2022 annual meeting. The voting results were as follows:
- Choi Lin Hung: 8,466,642 votes for; 110,374 votes withheld.
- Wei ("Kitty") Yang: 8,465,552 votes for; 111,464 votes withheld.
- Ibrahim H. Saif: 8,464,650 votes for; 112,366 votes withheld.
- Bill Korn: 8,464,765 votes for; 112,251 votes withheld.
- Mak Chi Yan: 8,464,642 votes for; 112,374 votes withheld.
There were 1,176,572 broker non-votes for each director election.
Accounting Firm Ratification
Stockholders ratified the selection of Friedman LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2022.
- Votes For: 9,641,320
- Votes Against: 107,833
- Abstentions: 4,435
There were no broker non-votes on this proposal.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document serves solely to report the results of the shareholder meeting.
Investor Verification Checklist
- Verify the tenure of the newly elected directors (until the 2022 annual meeting).
- Confirm the appointment of Friedman LLP as the auditor for the fiscal year ending March 31, 2022.
- Note the significant number of broker non-votes (1,176,572) regarding director elections, indicating shares held by brokers without voting instructions.
- Review the press release dated September 16, 2021 (Exhibit 99.1) for additional context on the meeting.