Health In Tech, Inc. (HIT) - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2025 Annual Meeting of Stockholders held on October 3, 2025. Health In Tech, Inc. is incorporated in Nevada and trades on the Nasdaq Capital Market under the symbol HIT. The company is classified as an emerging growth company.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the company's most recent 10-K or 10-Q filings for financial performance details.
Material Changes and Voting Results
As of the record date (August 6, 2025), there were 56,389,291 shares outstanding (44,689,291 Class A and 11,700,000 Class B). Class B shares carry 10 votes per share. Approximately 99.33% of voting power was present, establishing a quorum. Three matters were voted upon:
- Election of Directors: All five nominees were re-elected. Voting results were overwhelmingly in favor, with abstentions ranging from 21,453 to 157,411 votes and 1,873,265 broker non-votes for each nominee.
- Amendment to 2024 Equity Incentive Plan: Stockholders approved an amendment to increase the authorized Class A shares for issuance from 7,677,849 to 10,677,849. The plan was also amended to include up to 2,000,000 shares of Class B common stock and related options for executive officers. The vote was 147,811,930 For, 217,556 Against, and 16,982 Abstain.
- Ratification of Auditors: Stockholders ratified MaloneBailey, LLP as the independent auditor for the fiscal year ending December 31, 2025. The vote was 161,551,973 For, 33,314 Against, and 34,446 Abstain.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly documents the procedural outcomes of the Annual Meeting.
Key Facts for Investor Verification
- Equity Dilution: Verify the impact of the approved increase in the Equity Incentive Plan, which adds 3,000,000 Class A shares and introduces 2,000,000 Class B shares for executive compensation.
- Voting Structure: Note the dual-class structure where Class B shares hold 10 votes per share, significantly influencing the voting power dynamics despite Class A shares being the majority of total shares issued.
- Auditor Continuity: Confirm the appointment of MaloneBailey, LLP for the fiscal year ending December 31, 2025.
- Board Composition: Verify the re-election of the current board members (Tim Johnson, Julia Qian, William Howard, Sanjay Shrestha, Timothy Hayes) for the term ending in 2026.