SYNTEC OPTICS HOLDINGS, INC. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K, dated December 20, 2024, reports on the Annual Meeting of Stockholders held by Syntec Optics Holdings, Inc. (formerly OmniLit Acquisition Corp.). The company is incorporated in Delaware and trades on The Nasdaq Capital Market under the symbols OPTX (Common Stock) and OPTXW (Warrants).
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 voting results.
Material Changes and Voting Results
Stockholders voted on four key proposals at the Annual Meeting. All proposals were approved with overwhelming support:
- Election of Directors: Brent Rosenthal and Dean Rudy were elected as Class I directors to serve until the 2027 annual meeting.
- For: 28,163,591
- Against: 103,078
- Abstentions: 101
- Ratification of Auditors: Marcum LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- For: 28,285,969
- Against: 4,110
- Abstentions: 125
- Equity Incentive Plan: Approval was granted for the issuance of Restricted Stock Units (RSUs) pursuant to Section 6 of the 2023 Equity Incentive Plan.
- For: 28,249,529
- Against: 16,965
- Abstentions: 276
- Other Business: Approval to consider any other business properly brought before the meeting.
- For: 28,153,211
- Against: 109,658
- Abstentions: 3,901
Guidance, Outlook, and Risks
The filing text does not provide specific guidance, outlook, management commentary on financial performance, or a discussion of risks and contingencies. The document is limited to the procedural outcomes of the Annual Meeting.
Key Facts for Investors to Verify
- Confirm the effective date of the new director terms (until the 2027 annual meeting).
- Review the specific terms of the RSU grants approved under the 2023 Equity Incentive Plan in subsequent filings.
- Verify the company's financial performance in the upcoming 10-K filing for the fiscal year ending December 31, 2024, as no financial data is included in this 8-K.
- Note the company's status as an Emerging Growth Company (EGC), which may affect financial reporting requirements.