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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): December 15, 2023

 

CBAK ENERGY TECHNOLOGY, INC.

 

(Exact name of registrant as specified in its charter)

 

Nevada   001-32898   86-0442833
(State or other jurisdiction
of incorporation)		   (Commission File No.)   (IRS Employer
Identification No.)

 

BAK Industrial Park, Meigui Street
Huayuankou Economic Zone
Dalian, China, 116450
(Address, including zip code, of principal executive offices)
 
(86)(411)-3918-5985
(Registrant’s telephone number, including area code)
 
 
(Former name or former address, if changed since last report)
 

Securities registered or to be 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, $0.001 par value   CBAT   Nasdaq Capital Market

 

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 (see General Instruction A.2. below):

 

☐   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 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

 

On December 15, 2023, CBAK Energy Technology, Inc. (the “Company”) held the 2023 annual meeting of stockholders of the Company (the “Annual Meeting”) at the Company’s headquarters in Dalian, China. Holders of the Company’s common stock at the close of business on October 17, 2023 (the “Record Date”) were entitled to vote at the Annual Meeting. As of the Record Date, there were 89,467,190 shares of common stock outstanding and entitled to vote. A total of 52,976,564 shares of common stock (59.2%), constituting a quorum, were represented in person or by valid proxies at the Annual Meeting.

 

The stockholders voted on five proposals at the Annual Meeting. The proposals are described in detail in the Company’s definitive proxy statement dated October 20, 2023 and the relevant portions of which are incorporated herein by reference. The final results for the votes regarding each proposal are set forth below.

 

Proposal 1: The Company’s stockholders elected five directors to the Board of Directors of the Company to serve until the 2024 annual meeting of stockholders. The votes regarding this proposal were as follows:

 

   Votes For   Votes Against   Abstentions   Broker
Non-Votes		 
Yunfei Li   39,629,202    868,698    88,268    12,390,396 
J. Simon Xue   39,197,235    1,302,329    86,603    12,390,397 
Martha C. Agee   38,920,619    1,575,709    89,839    12,390,397 
Jianjun He   38,915,313    1,582,521    88,634    12,390,096 
Xiangyu Pei   39,600,913    897,835    88,419    12,389,397 

 

Proposal 2: The Company’s stockholders ratified the appointment of ARK Pro CPA & Co as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The votes regarding this proposal were as follows:

 

Votes For     Votes Against     Abstentions  
  48,401,746       4,328,423       246,395  

 

Proposal 3: The Company’s stockholders approved the CBAK Energy Technology 2023 Equity Incentive Plan. The votes regarding this proposal were as follows:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 48,401,746    4,328,423    246,395    12,390,396 

 

Proposal 4: The Company’s stockholders approved the compensation of its Named Executive Officers named in the proxy statement for the Annual Meeting. The votes regarding this proposal were as follows:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 39,406,370    1,107,980    71,817    12,390,397 

 

Proposal 5: The frequency of “Every Three Years” received the highest number of votes cast from the Company’s stockholders. The votes regarding this proposal were as follows:

 

Every Year   Every Two Years   Every Three Years   Abstentions   Broker Non-Votes 
 2,153,832    71,502    38,243,990    112,698    12,394,542 

 

Consistent with the recommendation of the Board of Directors and the vote of stockholders, the Company will continue to hold future advisory votes on named executive compensation every three years.

 

1

 

 

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.

 

 

 CBAK ENERGY TECHNOLOGY, INC.
     
Date:  December 21, 2023 By: /s/ Jiewei Li
    Jiewei Li
    Chief Financial Officer

 

 

2

 

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Dec. 15, 2023
Cover [Abstract]  
Document Type 8-K
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Document Period End Date Dec. 15, 2023
Entity File Number 001-32898
Entity Registrant Name CBAK ENERGY TECHNOLOGY, INC.
Entity Central Index Key 0001117171
Entity Tax Identification Number 86-0442833
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One BAK Industrial Park
Entity Address, Address Line Two Meigui Street
Entity Address, Address Line Three Huayuankou Economic Zone
Entity Address, City or Town Dalian
Entity Address, Country CN
Entity Address, Postal Zip Code 116450
City Area Code 86
Local Phone Number 3918-5985
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Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.001 par value
Trading Symbol CBAT
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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