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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): November 15, 2023

 

STRAN & COMPANY, INC.
(Exact name of registrant as specified in its charter)

 

Nevada   001-41038   04-3297200
(State or other jurisdiction
of incorporation)		   (Commission File Number)   (IRS Employer
Identification No.)

 

2 Heritage Drive, Suite 600, Quincy, MA   02171
(Address of principal executive offices)   (Zip Code)

 

800-833-3309
(Registrant’s telephone number, including area code)

 

 
(Former name or former 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:

 

☐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, par value $0.0001 per share     SWAG   The NASDAQ Stock Market LLC
Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.81375   SWAGW   The NASDAQ Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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 November 15, 2023, Stran & Company, Inc. (the “Company”) held its 2023 annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the following proposals were presented and voted upon: (1) the election of six director nominees named in the Company’s proxy statement to hold office until the 2024 annual meeting of stockholders, and (2) the ratification of the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. At the close of business on the record date for the Annual Meeting, which was September 18, 2023, there were 18,573,091 shares of the Company’s common stock outstanding and entitled to be voted at the Annual Meeting. Each share of common stock was entitled to one vote per share. A total of 12,088,876 shares of common stock, representing approximately 65% shares of common stock outstanding and entitled to vote were represented in person or by proxy at the Annual Meeting, and constituted a quorum to conduct business at the Annual Meeting. The Annual Meeting voting results of the two proposals were as follows:

 

(1) Proposal One: Election of Directors. Stockholders elected each of the following nominees as a director to hold office until the 2024 Annual Meeting, based on the following votes.

 

Nominee  For   Withheld   Broker
Non-Votes		 
Andrew Stranberg   11,573,746    53,780    461,350 
Andrew Shape   11,619,555    9,871    461,350 
Travis McCourt   11,172,254    457,172    461,350 
Alan Chippindale   11,119,984    497,553    461,350 
Alejandro Tani   11,159,951    469,475    461,350 
Ashley Marshall   11,174,469    454,956    461,350 

 

There were no abstentions or against votes with respect to this proposal.

 

(2) Proposal Two: Ratify the Appointment of BF Borgers CPA PC as the Company’s Independent Registered Public Accounting Firm. Stockholders approved the ratification of the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, based on the following votes.

 

For     Against     Abstain
  12,084,465       4,324       87

 

There were no broker non-votes with respect to this proposal.

 

1

 

 

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: November 16, 2023 STRAN & COMPANY, INC.
   
  /s/ Andrew Shape
  Name:  Andrew Shape
  Title: President and Chief Executive Officer

 

 

2

 

 

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Cover
Nov. 15, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 15, 2023
Entity File Number 001-41038
Entity Registrant Name STRAN & COMPANY, INC.
Entity Central Index Key 0001872525
Entity Tax Identification Number 04-3297200
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 2 Heritage Drive
Entity Address, Address Line Two Suite 600
Entity Address, City or Town Quincy
Entity Address, State or Province MA
Entity Address, Postal Zip Code 02171
City Area Code 800
Local Phone Number 833-3309
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Common Stock, par value $0.0001 per share    
Title of 12(b) Security Common Stock, par value $0.0001 per share  
Trading Symbol SWAG
Security Exchange Name NASDAQ
Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.81375  
Title of 12(b) Security Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.81375
Trading Symbol SWAGW
Security Exchange Name NASDAQ
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