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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

 

VIVAKOR, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41286   26-2178141
(State or other jurisdiction of   (Commission   (IRS Employer
incorporation or organization)   File Number)   Identification No.)

 

5220 Spring Valley Rd. Suite LL20

Dallas, TX 75254

(Address of principal executive offices)

 

(949) 281-2606

(Registrant’s telephone number, including area code)

 

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))

 

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   VIVK   The Nasdaq Stock Market LLC (Nasdaq Capital Market)

 

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, Vivakor, Inc. (the “Company”) held its 2023 annual meeting of stockholders (the “Annual Meeting”). Greater than 50% of the shares of common stock outstanding and entitled to vote at the Annual Meeting were present in person or by proxy thereby constituting a quorum. The results of the matters voted on by the Company’s stockholders are set forth immediately below.

 

Proposal 1

 

Election of the four nominees to the Company’s board of directors:

 

Name  Votes For   Votes Against   Withheld   Broker
Non-Votes		   Percentage Voted For 
James Ballangee   15,565,565    0    18,113    4,720,792    76.66%
Tyler Nelson   9,262,710    0    6,320,968    4,720,792    45.62%
John Harris   15,570,039    0    13,639    4,720,792    76.68%
Albert Johnson   15,522,700    0    60,978    4,720,792    76.45%

 

Proposal 2

 

Ratification of the selection of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023:

 

Votes For  Votes Against  Votes Abstained   Broker Non-Votes
20,119,415  176,905  0   -

 

Proposal 3

 

Approval, on a non-binding advisory basis, the compensation of the Company’s named executive officers:

 

Votes For   Votes Against   Votes Abstained   Broker Non-Votes
15,103,982   457,657   22,039   4,720,792

 

On the basis of the above votes, (i) James Ballangee, Tyler Nelson, John Harris and Albert Johnson were elected as members of the Board; (ii) the proposal to ratify the selection of Marcum LLP as the Company’s independent registered public accountant for the fiscal year ending December 31, 2023 was adopted; and (iii) the proposal to approve on a non-binding advisory basis, the compensation of the Company’s named executive officers was adopted.

 

1

 

 

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.

 

  VIVAKOR, INC.
     
Dated: December 21, 2023 By: /s/ James Ballengee
    Name: James Ballengee
    Title: Chief Executive Officer

 

2

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Cover
Dec. 15, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 15, 2023
Entity File Number 001-41286
Entity Registrant Name VIVAKOR, INC
Entity Central Index Key 0001450704
Entity Tax Identification Number 26-2178141
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 5220 Spring Valley Rd
Entity Address, Address Line Two Suite LL20
Entity Address, City or Town Dallas
Entity Address, State or Province TX
Entity Address, Postal Zip Code 75254
City Area Code (949)
Local Phone Number 281-2606
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Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol VIVK
Security Exchange Name NASDAQ
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Elected Not To Use the Extended Transition Period false
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