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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 29, 2020

 

EXELA TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-36788   47-1347291

(State or other jurisdiction of

incorporation or organization)

  (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

2701 E. Grauwyler Rd.

Irving, TX

  75061
(Address of principal executive offices)   (Zip Code)

 

Company’s telephone number, including area code: (214) 740-6500

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol   Name of Each Exchange on Which Registered
Common Stock, Par Value $0.0001 per share   XELA   The Nasdaq Stock Market LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

¨ Emerging growth company

 

¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

The Annual Meeting of Shareholders of Exela Technologies, Inc. (the “Company”) was held on December 29, 2020. At the Annual Meeting, the Company’s shareholders voted on the following four proposals and cast their votes as described below.

 

1.               The individuals listed below were elected at the Annual Meeting to serve as directors of the Company until the annual meeting of shareholders in 2023 and until their successors are duly elected and qualified:

 

    FOR     WITHOLD
AUTHORITY 		    BROKER
NON-VOTE 		 
PAR S. CHADHA     91,400,752       3,036,192            -       
MARTIN P. AKINS     91,456,087       2,980,857       -  
WILLIAM L. TRANSIER     93,389,713       1,047,231       -  

 

2.               A management proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2020 was approved.

 

FOR     AGAINST     ABSTAIN  
  93,219,297       700,559       517,088  

 

3.               An advisory resolution to approve executive compensation was approved.

 

FOR     AGAINST     ABSTAIN  
  90,314,642       3,753,729       368,573  

 

4.               The adoption of an amendment the Company’s Restated Certificate of Incorporation to effect a reverse split of the Company’s outstanding common stock at a ratio in the range of 1-for-3 to 1-for-10, to be determined at the discretion of the Company’s Board of Directors, was approved.

 

FOR     AGAINST     ABSTAIN  
  89,034,888       5,354,238       47,818  

  

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: December 29, 2020

 

  Exela Technologies, Inc.
   
  By: /s/ Erik L. Mengwall
    Erik Mengwall
    Secretary

 

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