false 0001482541 0001482541 2023-12-18 2023-12-18 0001482541 CEAD:CommonStock0.00001ParValueMember 2023-12-18 2023-12-18 0001482541 CEAD:WarrantsToPurchaseCommonStockMember 2023-12-18 2023-12-18 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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 18, 2023

 

CEA INDUSTRIES INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41266   27-3911608
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (I.R.S. Employer
Identification No.)

 

385 South Pierce Avenue, Suite C

Louisville, Colorado 80027

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (303) 993-5271

 

Check the appropriate box below if the Form 8-K 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 Exchange Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.00001 par value   CEAD   Nasdaq Capital Market
Warrants to purchase Common Stock   CEADW   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).

 

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 2023 Annual Meeting of Stockholders (the “Annual Meeting”) of CEA Industries Inc. (the “Company”) was held on December 18, 2023. At the Annual Meeting, the Company’s stockholders:

 

  ● Elected five incumbent directors to serve until the next annual meeting of the Company’s stockholders or until their respective successors have been duly elected and qualified;
  ● Ratified Sadler, Gibb & Associates as the reviewing independent accountants for the Company for fiscal year 2023; and
  ● Approved any adjournment of the Annual Meeting, if necessary or appropriate, to permit solicitation of additional proxies to hold the meeting and approve the foregoing proposals

 

Proposal 3 was to authorize the Board, at its discretion, at any time until June 30, 2024, (i) to effect a reverse stock split of the common stock with a ratio not less than two-for-one but not greater than twenty-for-one. This proposal was not approved in the Annual Meeting.

 

The number of votes cast for, against or withheld and the number of abstentions and broker non-votes with respect to each Proposal is set forth below.

 

Proposal 1  Shares For   Shares
Against		  

Shares

Withheld

   Broker
Non-Votes		 
Anthony K. McDonald   1,548,817    919,914    730,980    1,299,397 
James R. Shipley   1,455,842    1,052,302    691,567    1,299,397 
Nicholas J. Etten   1,430,571    1,078,619    690,521    1,299,397 
Troy L. Reisner   1,524,945    984,119    690,647    1,299,397 
Marion Mariathasan   1,550,318    958,723    690,670    1,299,397 

 

Proposal 2  Shares For   Shares
Against		  

Shares

Abstaining

  

Broker

Non-Votes

 
Ratification of the appointment of Sadler, Gibb & Associates, L.L.C. as our independent registered public accounting firm for the fiscal year ending December 31, 2022.   3,465,227    211,616    822,265    0 

 

Proposal 3  Shares For   Shares
Against		  

Shares

Abstaining

  

Broker

Non-Votes

 
authorize the Board, at its discretion, at any time until June 30, 2024, (i) to effect a reverse stock split of the common stock   2,935,658    1,231,295    332,155    0 

 

Proposal 4  Shares For   Shares
Against		  

Shares

Abstaining

  

Broker

Non-Votes

 
To an adjournment of the meeting of stockholders   2,888,861    1,234,346    375,901    0 

 

 
 

 

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.

 

Date: December 18, 2023 CEA INDUSTRIES, INC.
     
  By /s/ Anthony K. McDonald
    Anthony K. McDonald
    President and Chief Executive Officer

 

 

 

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Cover
Dec. 18, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 18, 2023
Entity File Number 001-41266
Entity Registrant Name CEA INDUSTRIES INC.
Entity Central Index Key 0001482541
Entity Tax Identification Number 27-3911608
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 385 South Pierce Avenue
Entity Address, Address Line Two Suite C
Entity Address, City or Town Louisville
Entity Address, State or Province CO
Entity Address, Postal Zip Code 80027
City Area Code (303)
Local Phone Number 993-5271
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock, $0.00001 par value  
Title of 12(b) Security Common Stock, $0.00001 par value
Trading Symbol CEAD
Security Exchange Name NASDAQ
Warrants to purchase Common Stock  
Title of 12(b) Security Warrants to purchase Common Stock
Trading Symbol CEADW
Security Exchange Name NASDAQ
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