Enterprise Diversified : Submission of Matters to a Vote of Security Holders - Form 8-K

syte20220527_8k.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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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): May 25, 2022

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ENTERPRISE DIVERSIFIED, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada		000-27763		88-0397234
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)
1806 Summit Avenue, Ste. 300
Richmond, VA				23230
(Address of principal executive offices)				(Zip Code)

[phone]

(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
None	Not applicable	Not applicable

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 May 25, 2022, Enterprise Diversified, Inc. (the "Company") held its 2022 Annual Meeting of Shareholders, for which the board of directors solicited proxies.

As of March 28, 2022, the record date for the determination of the shareholders entitled to notice of, and to vote at, the Annual Meeting, there were 2,647,383 shares of common stock outstanding and entitled to vote. A total of 1,789,272 shares (or approximately 67.59% of the outstanding shares; and constituting a quorum) were represented at the Annual Meeting in person or by valid proxies.

At the Annual Meeting, the shareholders voted on three proposals. The proposals are described in detail in the Company's definitive proxy statement dated April 27, 2022. The final results for the votes regarding each proposal are set forth below:

Proposal One

The vote with respect to the nominees for director is set forth below:

	Votes For	Withheld Votes	BrokerNon-Votes
Steven L. Kiel	1,287,599	132,328	369,345
Thomas Braziel	1,303,589	116,338	369,345
(Independent)
Jeremy K. Deal	1,329,769	90,158	369,345
(Independent)
Alea A. Kleinhammer	1,333,619	86,308	369,345
Keith D. Smith	1,333,629	86,298	369,345

Each nominee received the required number of votes for re-election to the board of the Company to hold office until the next annual meeting, and until a respective successor is elected and has been qualified, or until such director resigns or is removed from office.

Proposal Two

The vote with respect to the ratification of the appointment of Brown, Edwards & Company, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2022 is set forth below:

Votes For	VotesAgainst	Abstentions	BrokerNon-Votes
1,697,188	2	92,082	-

Brown, Edwards & Company, LLP was approved as the Company's independent registered public accountant for the year ending December 31, 2022.

Proposal Three

The advisory vote with respect to the approval of the compensation of our named executive officers, is set forth below:

Votes For	VotesAgainst	Abstentions	BrokerNon-Votes
980,565	63,484	367	-

The proposal to approve, on an advisory basis, the executive compensation of our named executive officer was approved by the shareholders.

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.

Date: May 27, 2022				ENTERPRISE DIVERSIFIED, INC.
		By:		/s/ Steven L. Kiel
				Steven L. Kiel
				Executive Chairman