Business Context and Reporting Period
This Form 8-K filing by 22nd Century Group, Inc. reports on the results of the annual meeting of stockholders held on September 20, 2012. The filing covers the election of directors 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 voting results.
Material Changes and Voting Results
Proposal One: Election of Directors
Four nominees were elected to serve one-year terms expiring in 2013. The voting results were as follows:
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| James W. Cornell | 19,413,260 | 1,654 | 1,412,578 |
| Henry Sicignano, III | 15,507,774 | 3,907,170 | 1,412,578 |
| Joseph Pandolfino | 15,507,774 | 3,907,170 | 1,412,578 |
| Joseph Alexander Dunn | 19,413,260 | 1,654 | 1,412,578 |
Proposal Two: Ratification of Independent Accountants
Stockholders ratified the appointment of Freed Maxick CPAs, P.C. as the independent registered certified public accounting firm for fiscal 2012.
- Votes For: 15,944,759
- Votes Against: 1,654
- Abstain: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the term expiration dates for the newly elected directors (2013).
- Confirm the engagement of Freed Maxick CPAs, P.C. for the fiscal 2012 audit.
- Note the significant number of broker non-votes (1,412,578) recorded for the director elections.
- Review the company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.