Maison Solutions Inc. filed SEC Form 8-K: Material Modification to Rights of Security Holders, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 3.03. Material Modification to Rights of Security Holders.
The disclosure contained in Item 5.07 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 29, 2025, Maison Solutions Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). Each stockholder of the Company’s Class A common stock, par value $0.0001 per share (“Class A common stock”), was entitled to one vote per share on each matter properly presented at the Annual Meeting for each share of Class A common stock held by such stockholder as of the close of business on March 28, 2025 (the “Record Date”). Each stockholder of the Company’s Class B common stock, par value $0.0001 per share (“Class B common stock”), was entitled to ten votes per share on each matter properly presented at the Annual Meeting for each share of Class B common stock held by such stockholder as of the close of business on the Record Date.
The final voting results for each proposal considered and voted upon at the Annual Meeting, each of which were described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 14, 2025 (the “Proxy Statement”), are set forth below.
Proposal 1 – Director Election Proposal
The stockholders elected John Xu, Alexandria M. Lopez, Mark Willis, Bin Wang and Dr. Xiaoxia Zhang to serve as directors on the Company’s Board of Directors, each for a term expiring at the next annual meeting or until their successors are duly elected and qualified.
The final voting results for the Director Election Proposal were as follows:
| Director Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||
| John Xu | 36,522,981 | 38,862 | 0 | |||
| Alexandria M. Lopez | 36,544,142 | 17,701 | 0 | |||
| Mark Willis | 36,522,994 | 38,849 | 0 | |||
| Bin Wang | 36,500,075 | 61,768 | 0 | |||
| Dr. Xiaoxia Zhang | 36,522,985 | 38,858 | 0 |
Proposal 2 – Authorized Share Increase Proposal
The stockholders approved the amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Charter”) to increase the number of authorized shares of Class A common stock from 92,000,000 shares to 150,000,000 shares.
The final voting results for the Authorized Share Increase Proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 36,533,710 | 27,882 | 250 | 0 |
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Proposal 3 – Stock Issuance Proposal
The stockholders approved, for purposes of complying with Nasdaq Listing Rule 5635(d), the full issuance of the shares of Class A common stock issuable pursuant to the Notes and Warrant (as described in the Proxy Statement).
The final voting results for the Stock Issuance Proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 36,530,553 | 31,289 | 0 | 0 |
Proposal 4 – Stockholder Consent Proposal
The stockholders approved the amendment to the Company’s Charter to permit stockholders of the Company to take action by written consent.
The final voting results for the Stockholder Consent Proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 36,292,882 | 260,849 | 8,111 | 0 |
Proposal 5 – Auditor Ratification Proposal
The appointment of Kreit & Chiu CPA LLP as the Company’s independent certified public accountants for the fiscal year ending April 30, 2026 was ratified by the stockholders.
The final voting results for the Auditor Ratification Proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 36,553,687 | 14 | 8,141 | 0 |
Charter Amendment
On April 29, 2025, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Charter Amendment”). The Charter Amendment amends the Company’s Charter to (i) increase the number of the number of the Company’s authorized shares of Class A common stock from 92,000,000 shares to 150,000,000 shares and (ii) permit stockholders of the Company to take action by written consent.
The foregoing description of the Charter Amendment is qualified in its entirety by reference to the full text of the Charter Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 3.1 | Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Maison Solutions Inc., dated April 29, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| Date: April 30, 2025 | MAISON SOLUTIONS INC. | |
| By: | /s/ John Xu | |
| John Xu | ||
| Chief Executive Officer, Chairman and President | ||
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