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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): May 31, 2024

 

Nova LifeStyle, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-36259   90-0746568
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification No.)

 

6565 E. Washington Blvd., Commerce, CA 90040

(Address of Principal Executive Office) (Zip Code)

 

(323) 888-9999

(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))

 

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. ☐

 

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, par value $0.001 per share   NVFY   Nasdaq Stock Market

 

 

 

 
 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On May 31, 2024, Nova LifeStyle, Inc., a Nevada corporation (the “Company”), held its 2024 Annual Meeting of Shareholders (the “Meeting”). A quorum was present at the meeting as required by the Amended and Restated Bylaws, as amended, of the Company. The final voting results of the matters submitted to a shareholder vote at the meeting are as follows:

 

Proposal 1: Election of Directors

 

The following five individuals were elected to the Board of Directors of the Company to serve as directors until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualified by votes as follows:

 

Nominees  Votes Cast For   Votes Against   Abstain  

Broker

Non-Votes

 
Min Su   780,588    11,069    191    329,109 
Thanh H. Lam   790,190    1,533    125    329,109 
Ming-Cherng Sky Tsai   789,882    1,775    191    329,109 
Huy (Charlie) La   784,653    7,000    195    329,109 
Umesh Patel   788,970    2,683    195    329,109 

 

Proposal 2: Approval and Ratification of the Appointment of WWC, P.C. as the Company’s Independent Registered Public Accounting Firm

 

The shareholders approved and ratified the appointment of WWC, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, as follows:

 

For   Against   Abstain   Broker Non-Votes
1,104,440   11,522   4,995   N/A

 

Proposal 3: Approval and adoption of the Nova LifeStyle, Inc. 2024 Omnibus Equity Plan

 

The shareholders adopted and approved the Nova LifeStyle, Inc. 2024 Omnibus Equity Plan as follows:

 

For   Against   Abstain   Broker Non-Votes
771,225   20,311   312   329,109

 

Proposal 4: Advisory Vote on the Compensation of Named Executive Officers

 

The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers as follows:

 

For   Against   Abstain   Broker Non-Votes
787,531   3,880   437   329,109

 

 
 

 

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.

 

  Nova LifeStyle, Inc.
     
  By: /s/ Thanh H. Lam
    Thanh H. Lam
    Chairperson, President and Chief Executive Officer
     
Date: June 3, 2024    

 

 

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Entity File Number 001-36259
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