Navitas Semiconductor Corporation
06/09/2023 | Press release | Distributed by Public on 06/09/2023 15:16
Submission of Matters to a Vote of Security Holders - Form 8-K
i-20230608
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 8, 2023
| Navitas Semiconductor Corporation |
(Exact name of registrant as specified in its charter)
| Delaware | 001-39755 | 85-2560226 | ||
| (State or other jurisdiction | (Commission File Number) | (IRS Employer Identification No.) | ||
| of incorporation) |
| 3520 Challenger Street, | Torrance, | California | 90503-1640 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code:(844) 654-2642
| (Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|
Class A Common Stock, par value $0.0001 per share |
NVTS | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
At our 2023 annual stockholders' meeting on June 8, 2023, stockholders approved the two proposals set forth below, each of which is described in more detail in our definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 28, 2023. The voting results for each of these proposals are set forth below.
(i) The stockholders reelected Brian Long, David Moxam and Dipender Saluja to serve as Class II directors of the board of directors for terms expiring at the 2026 annual meeting of stockholders and until their respective successors are elected and qualified, by the votes set forth below:
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
| Brian Long | 81,082,517 | 2,266,772 | 36,494,609 |
| David Moxam | 81,884,946 | 1,464,343 | 36,494,609 |
| Dipender Saluja | 73,466,966 | 9,882,323 | 36,494,609 |
(ii) The stockholders ratified the appointment of Deloitte & Touche LLP as the Company's registered independent public accounting firm for the fiscal year ending December 31, 2023, by the vote set forth below:
| Votes For | Votes Against | Abstentions |
| 119,500,857 | 119,126 | 223,915 |
SIGNATURES
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.
| NAVITAS SEMICONDUCTOR CORPORATION | |
| Dated: June 9, 2023 | |
| By: | /s/ Gene Sheridan |
| Gene Sheridan | |
| President and Chief Executive Officer |