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): January 19, 2018

 

DIGITAL TURBINE, INC.

 

(Exact name of registrant as specified in its charter)

 

 

Delaware 001-35958 22-2267658
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

  

 

110 San Antonio Street, #160, Austin, TX 78701

(Address, including zip code, of principal executive offices)

 

Registrant’s telephone number, including area code 512 387 7717

 

1300 Guadalupe Street, Suite 302, Austin, TX 78701

 

(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 (see General Instruction A.2. below):

 

¨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. ☐

 

 

 

 

 

 

 

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

 

Presented below are the voting results for the proposals (described in detail in the Definitive Proxy Statement of Digital Turbine, Inc. filed with the Securities and Exchange Commission on December 21, 2017, the relevant portions of which are incorporated herein by reference) submitted to our stockholders at the Annual Meeting of Stockholders of Digital Turbine, Inc. (the "Company" or "our") held on January 19, 2018 (the "Annual Meeting").

 

At of the close of business on November 21, 2017, the record date for the Annual Meeting, a total of 72,045,940 shares of our common stock and 100,000 shares of our Series A preferred stock (the "Preferred Stock") were outstanding. The Preferred Stock is convertible into 20,000 shares of common stock and is entitled to vote together with the common stock as a single class (on an as-converted to common stock basis) on any matters submitted to the holders of the Company's common stock.

 

At the Annual Meeting, stockholders representing 53,477,446 shares or 74.25% of the common stock were present in person or by proxy, and therefore, a quorum was present for the purposes of the Annual Meeting.

 

Proposal 1The following nominees were elected by a plurality of the shares present in person or represented by proxy at the Annual Meeting to serve until our 2019 annual meeting of stockholders with the following vote:

  

Nominee  For   Withheld 
         
Robert Deutschman   22,446,249    4,828,825 
Mohan Gyani   26,981,739    293,335 
Jeffrey Karish   26,981,839    293,235 
Christopher Rogers   22,468,092    4,806,982 
Paul Schaeffer   22,466,994    4,808,080 
William G. Stone III   26,981,744    293,330 

 

Proposal 2The non-binding advisory resolution approving the compensation of the Company's named executive officers, commonly referred to as "say-on-pay", was approved with the following vote:

 

For Against Abstain Broker Non-votes
26,665,645 570,884 38,545 26,202,372

 

Proposal 3The issuance, in accordance with Nasdaq Marketplace Rules 5635(b) and 5635(d), of shares of the Company's common stock issuable upon the conversion of 8.75% Convertible Senior Notes due 2020 and exercise of warrants issued in a private placement transaction in September 2016, as amended and supplemented in January and May 2017, was approved with the following vote:

  

For Against Abstain Broker Non-votes
27,089,517 174,560 10,997 26,202,372

 

Proposal 4:The appointment of SingerLewak LLP as the Company's independent registered public accounting firm for fiscal year ending March 31, 2018, was ratified with the following vote:

 

For Against Abstain Broker Non-votes
50,466,108 2,946,077 65,261 0

 

 

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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.

 

Dated: January 19, 2018 Digital Turbine, Inc.
   
  /s/ Barrett Garrison
  By: Barrett Garrison
  Its: Executive Vice President, Chief Financial Officer

 

 

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