SeaChange International, Inc.
8-K on 07/08/2021   Download
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SEACHANGE INTERNATIONAL INC DE false 0001019671 0001019671 2021-07-08 2021-07-08 0001019671 us-gaap:CommonStockMember 2021-07-08 2021-07-08 0001019671 us-gaap:SeriesAPreferredStockMember 2021-07-08 2021-07-08

 

 

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): July 8, 2021

 

 

SEACHANGE INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

DELAWARE   001-38828   04-3197974

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

177 Huntington Avenue, Suite 1703, PMB 73480

Boston, MA 02115

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (978) 897-0100

N/A

(Former Name or Address, if Changed Since Last Report)

 

 

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 (seeGeneral 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))

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, $0.01 Par Value   SEAC   The Nasdaq Global Select Market
Series A Participating Preferred Stock Purchase Rights   SEAC   The Nasdaq Global Select 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.

The Annual Meeting of Stockholders (the “Annual Meeting”) of SeaChange International, Inc. (“SeaChange”) was held on July 8, 2021, at which the stockholders voted on the following matters, as further described in SeaChange’s Proxy Statement filed with the Securities and Exchange Commission on May 28, 2021:

 

  1.

The election of two members, Julian Singer and Matthew Stecker, to SeaChange’s Board of Directors, to serve for a three-year term, each as a Class I Director;

 

  2.

The approval of amendments to SeaChange’s Amended and Restated By-Laws to declassify the Board of Directors (the “Board Declassification Vote”);

 

  3.

The approval, on an advisory basis, of the compensation of SeaChange’s named executive officers (the “Say-on-Pay Vote”);

 

  4.

The approval of the 2021 Compensation and Incentive Plan (the “2021 Plan Vote”); and

 

  5.

The ratification of the appointment of the SeaChange’s independent registered public accounting firm.

The final voting results, as certified by the independent inspector of elections, Broadridge Financial Solutions, Inc., for each of the proposals submitted to a vote of the stockholders at the Annual Meeting are as follows:

 

     Votes For      Votes Against      Abstentions      Broker
Non-votes
 

Election of Julian Singer:

     13,580,212        3,099,038        379,382        12,266,014  

 

     Votes For      Votes Against      Abstentions      Broker
Non-votes
 

Election of Matthew Stecker:

     14,047,992        2,631,114        379,526        12,266,014  

 

     Votes For      Votes Against      Abstentions      Broker
Non-votes
 

Board Declassification Vote:

     16,146,553        314,407        597,672        12,266,014  

 

     Votes For      Votes Against      Abstentions      Broker
Non-votes
 

Say-on-Pay Vote:

     15,923,193        718,039        417,400        12,266,014  

 

     Votes For      Votes Against      Abstentions      Broker
Non-votes
 

2021 Plan Vote:

     15,884,737        780,557        393,338        12,266,014  

 

     Votes For      Votes Against      Abstentions      Broker
Non-votes
 

Auditor Ratification:

     27,040,683        1,843,872        440,091        n/a  

Each of the proposals listed above was approved by the stockholders at the Annual Meeting, except for the Board Declassification Vote which required the affirmative vote of the holders of at least seventy-five percent (75%) of the shares entitled to vote at the Annual Meeting. The Board Declassification Vote was not approved.


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.

 

    SEACHANGE INTERNATIONAL, INC.
    by:  

/s/ Michael D. Prinn

      Michael D. Prinn
Dated: July 8, 2021       Chief Financial Officer, Senior Vice President and Treasurer