Polar Power, Inc. (POLA) - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed on January 3, 2022, regarding the 2021 Annual Meeting of Stockholders held on December 31, 2021. Polar Power, Inc. is a Delaware corporation with its principal executive offices in Gardena, California, and its common stock trades on The NASDAQ Stock Market under the symbol "POLA".
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 matters and does not contain financial performance data.
Material Changes
No material financial changes were reported in this filing. The document details the outcomes of two shareholder proposals voted upon at the Annual Meeting.
Management Commentary and Corporate Actions
The following matters were submitted to a vote of security holders and approved:
- Proposal One (Election of Directors): Four directors were elected to serve until the next annual meeting. The nominees and their vote counts were:
- Arthur D. Sams: 6,237,888 votes for; 217,961 withheld.
- Keith Albrecht: 6,235,733 votes for; 220,116 withheld.
- Peter Gross: 6,234,632 votes for; 221,217 withheld.
- Katherine Koster: 6,235,682 votes for; 220,167 withheld.
- Proposal Two (Ratification of Auditors): The appointment of Weinberg & Company, P.A. as the independent registered public accounting firm for the year ending December 31, 2021, was ratified.
- For: 6,240,026 votes.
- Against: 212,493 votes.
- Abstain: 3,330 votes.
Key Facts for Investor Verification
- Confirm the tenure of the newly elected board members (Arthur D. Sams, Keith Albrecht, Peter Gross, Katherine Koster).
- Verify the engagement of Weinberg & Company, P.A. as the independent auditor for the 2021 fiscal year.
- Note that this filing contains no financial results; refer to the 10-K or 10-Q for fiscal year 2021 financial data.