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 21, 2020

 

HOPTO INC.

 

(Exact name of registrant as specified in its charter)

 

Delaware   0-21683   13-3899021

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

6 Loudon Road, Suite 200, Concord, NH 03301

 

(Address, including zip code, of principal executive offices)

 

Registrant’s telephone number, including area code (800) 472-7466

 

 

 

(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   HPTO   OTC Markets

 

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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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 Company held its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) on December 21, 2020. The following items of business were considered at the Annual Meeting:

 

(1) the election of four directors;

 

(2) ratification of the selection of dbbMcKennon as our independent registered public accounting firm for the fiscal year ending December 31, 2020;

 

(3) approval, of amendment to Charter to effect a reverse stock split of common stock at a ratio of not less than 1-for-20 and not more than 1-for-100, subject to Board’s authority to abandon such amendment;

 

(4) approval, in a non-binding, advisory vote, of the compensation of our named executive officers, commonly known as “say-on-pay”;

 

(5) the transaction of such other business as may properly have come before the Annual Meeting or any adjournment thereof.

 

The number of shares of common stock entitled to vote at the Annual Meeting was 18,735,824 shares. The number of shares of common stock present or represented by valid proxy at the annual meeting was 13,317,105 shares. The number of votes cast for and against, and the number of abstentions and broker non-votes with respect to the matters voted upon at the Annual Meeting are set forth below:

 

Proposal 1: Election of Directors.

 

The stockholders elected four directors to serve until the annual meeting of stockholders in 2020 as follows:

 

Director  Votes For   Votes Against   Abstain   Broker Non-Votes 
Jonathon R. Skeels   9,891,413    14,595    1,331    3,409,766 
Richard S. Chernicoff   9,855,830    50,188    1,321    3,409,766 
Thomas R. Stewart   9,855,731    50,254    1,354    3,409,766 
Jean-Louis Casabonne   9,096,599    60,977    749,763    3,409,766 

 

 

 

 

Proposal 2: Ratification of Auditors.

 

The stockholders ratified the appointment of dbbMcKennon as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020 as follows:

 

Votes For   Votes Against   Abstain   Broker Non-Votes 
 13,245,077    36,608    35,420    - 

 

Proposal 3: Approve, a Reverse Stock Split of Common Stock at a Ratio.

 

Votes For   Votes Against   Abstain   Broker Non-Votes 
 12,958,127    357,324    1,653    - 

 

Proposal 4: Advisory Vote on Executive Compensation.

 

In a non-binding, advisory vote, the stockholders approved the compensation of our executive officers as follows:

 

Votes For   Votes Against   Abstain   Broker Non-Votes 
 9,771,191    133,439    2,709    3,409,766 

 

 

 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  hopTo Inc.
     
Dated: December 22, 2020 By: /s/ Jonathon R. Skeels
    Jonathon R. Skeels
    Chief Executive Officer, Interim Chief Financial Officer, Secretary