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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):          September 17, 2024      

 

NETWORK-1 TECHNOLOGIES, INC.

 

(Exact name of registrant as specified in its charter)

 

Delaware 001-15288 11-3027591
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

65 Locust Avenue, Third Floor, New Canaan, Connecticut 06840

 

(Address of Principal Executive Offices) (Zip Code)

(203) 920-1055 

 

(Registrant’s telephone number, including area code)

N/A

 

(Former name or former address, if changed since last report)

 

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

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.01 per share

NTIP

 NYSE American

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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 (§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 5.07Submission of Matters to a Vote of Security Holders.

At the Annual Meeting of Stockholders of Network-1 Technologies, Inc. (the “Company”) held on September 17, 2024, the stockholders of the Company entitled to vote at the meeting voted to (i) elect the four individuals named below to serve as directors of the Company to hold office until the next Annual Meeting of Stockholders and until their successors have been duly elected and qualified, (ii) approve, by non-binding advisory vote, the Company’s named executive officer compensation (known as “Say on Pay”), (iii) approve, by non- binding advisory vote, a frequency of each year ( annually) for holding future non- binding advisory votes regarding named executive compensation and (iv) to ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.

 

1)The votes cast by stockholders with respect to the election of directors were as follows:

 

   For   Withheld Authority   Broker non-vote 
Corey M. Horowitz  12,296,860   1,848,298   3,107,242 
Jonathan Greene  10,478,829   3,666,329   3,107,242 
Allison Hoffman  12,309,363   1,835,795   3,107,242 
Niv Harizman  10,602,009   3,543,149   3,107,242 

 

 

2)The votes cast by stockholders with respect to the proposal to approve, by non-binding vote, the Company’s named executive compensation as reported in the proxy statement for the Annual Meeting were as follows:

 

For   Against   Abstain   Broker non-vote 
9,377,761   4,760,461   6,936   3,107,242 

 

 

3)The following votes were received on the proposal to approve, by non-binding advisory vote, the frequency of holding future votes regarding named executive compensation as reported in the Proxy Statement:
1 Year   2 Years   3 Years   Abstain   Broker non-vote 
10,333,543   2,596,044   387,509   828,062   3,107,242 

 

 

4)The votes cast by stockholders with respect to the proposal to ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 were as follows:
For   Against   Abstain   Broker non-vote 
16,089,556   1,059,951   102,893   0 

 

  

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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.

 

  NETWORK-1 TECHNOLOGIES, INC.
     
     
Dated:    September 18, 2024 By: /s/ Corey M. Horowitz
      

Name:   Corey M. Horowitz

Title:     Chairman & Chief Executive Officer
     

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

-3-

 

 

 

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Sep. 17, 2024
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Document Type 8-K
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Document Period End Date Sep. 17, 2024
Entity File Number 001-15288
Entity Registrant Name NETWORK-1 TECHNOLOGIES, INC.
Entity Central Index Key 0001065078
Entity Tax Identification Number 11-3027591
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 65 Locust Avenue, Third Floor,
Entity Address, City or Town New Canaan
Entity Address, State or Province CT
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Title of 12(b) Security Common Stock, par value $0.01 per share
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