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) June 13, 2023
GAN Limited
(Exact name of registrant as specified in its charter)
| Bermuda | 001-39274 | Not Applicable | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I. R. S. Employer Identification No.) |
400 Spectrum Center Drive
Suite 1900
Irvine, CA 92618
(Address of principal executive offices, including ZIP code)
(833) 565-0550
(Registrant’s telephone number, including area code)
N/A
(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 | ||
| Ordinary Shares, par value $0.01 | GAN | 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 (§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. |
At the Annual Meeting of Shareholders (the “Annual Meeting”) of GAN Limited (the “Company”) on June 13, 2023, the shareholders considered three proposals, each of which is described in more detail in the Company’s 2023 definitive proxy statement filed with the Securities and Exchange Commission on April 28, 2023 for the Annual Meeting.
The results detailed below represent the final voting results as certified by the Inspector of Elections:
Proposal 1
The shareholders elected the following two directors to hold office until the 2026 annual meeting of the shareholders and one director to hold office until the 2025 annual meeting of shareholders, or until their successors are duly elected and qualified based on the following votes:
| Director | For | Withheld | Broker Non-Votes | |||
| Seamus McGill | 7,144,218 | 4,973,995 | 10,636,331 | |||
| Dermot S. Smurfit | 11,259,437 | 858,776 | 10,636,331 | |||
| Eric Green | 10,601,372 | 1,516,841 | 10,636,331 |
Proposal 2
The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 based on the following votes:
| For | Against | Abstentions | ||
| 22,215,944 | 416,246 | 122,354 |
Proposal 3
The shareholders did not approve the proposed amendment to the GAN Limited 2020 Equity Incentive Plan based on the following votes:
| For | Against | Abstentions | Broker Non-Votes | |||
| 5,453,932 | 6,467,358 | 196,923 | 10,636,331 |
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: June 15, 2023 | GAN Limited |
| /s/ Brian Chang | |
| Brian Chang | |
| Interim Chief Financial Officer |