false 0001800637 0001800637 2025-06-11 2025-06-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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 11, 2025

 

AGRIFY CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada   001-39946   30-0943453

(State or other jurisdiction
of incorporation)

  (Commission File Number)  

(IRS Employer
Identification No.)

 

2220 Hicks Road, Suite 210

Rolling Meadows, IL

  60008
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (855) 420-0020

 

(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 $0.001 per share   AGFY   Nasdaq Capital Market

 

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

As reported below in Item 5.07, on June 11, 2025, the stockholders of Agrify Corporation (the “Company”) approved an amendment to the Company’s 2022 Omnibus Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of Common Stock available for issuance thereunder by 250,000 shares (the “Plan Amendment”). The Plan Amendment was included as Proposal 3 in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2025 (the “Proxy Statement”). The 2022 Plan is described in more detail in the Proxy Statement.

 

The foregoing description and the summary contained in the Proxy Statement do not purport to be complete and are qualified in their entirety by reference to the full text of the 2022 Plan, as amended by the Plan Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

On June 11, 2025, the Company held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) virtually, commencing at 4:30 p.m. Eastern Time. Of the Company’s 1,952,014 shares of common stock issued and outstanding and eligible to vote as of the record date of April 22, 2025, a quorum of 1,406,225 shares, or approximately 72.0% of the eligible shares, were represented at the virtual Annual Meeting either in person or by proxy.

 

A description of each matter voted upon at the Annual Meeting is described in detail in the Proxy Statement. The matters voted upon at the Annual Meeting and the final results of such voting are set forth below:

 

Proposal 1 - Election of Directors

 

Each of the director nominees listed below were elected as directors for a one-year term, such term to continue until the annual meeting of stockholders in 2026 or until such directors’ successors are duly elected and qualified. Due to the plurality election, votes could only be cast in favor of or withheld from the nominee and thus votes against were not applicable. The results of the election were as follows:

 

Name  Votes
For
   Votes
Withheld
   Broker
Non-Votes
 
Benjamin Kovler   1,057,630    1,559    347,036 
Max Holtzman   1,027,590    31,599    347,036 
Timothy Mahoney   1,038,528    20,661    347,036 
Peter S. Shapiro   1,057,615    1,574    347,036 
Sanjay Tolia   1,057,615    1,574    347,036 
Armon Vakili   1,057,614    1,575    347,036 
Krishnan Varier   1,027,635    31,554    347,036 

 

Proposal 2 - Ratification of Appointment of GuzmanGray

 

The appointment of GuzmanGray as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified. The results of the vote were as follows:

 

Votes For 

 

Votes Against 

 

Votes Abstained 

1,390,109   578   15,538

 

Proposal 3 - Approval of Amendment to 2022 Omnibus Equity Incentive Plan

 

The amendment to the 2022 Plan to increase the number of shares of Common Stock available for issuance thereunder by 250,000 shares was approved. The results of the vote were as follows:

 

Votes For   Votes Against   Votes Abstained   Broker Non-Votes
1,015,173   31,109   12,907   347,036

 

1

 

 

Item 9.01. Financial Statement and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Agrify 2022 Omnibus Equity Incentive Plan, (incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2025)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

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.

 

  AGRIFY CORPORATION
     
Date: June 13, 2025 By: /s/ Benjamin Kovler
    Benjamin Kovler
    Chairman and Interim Chief Executive Officer

 

 

3