U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December 2019

 

Commission File Number: 001-34409

 

RECON TECHNOLOGY, LTD

 

Room 1902, Building C, King Long International Mansion

No. 9 Fulin Road

Beijing, 100107

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F   x Form 40-F  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

  

On December 3, 2019, Recon Technology, Ltd. (the “Company”) issued a press release announcing the voting results of fiscal year 2019 annual general meeting of shareholders (the “Annual Meeting”) held on December 2, 2019, which press release is attached as Exhibit 99.1 to this Form 6-K.

 

On December 2, 2019 at 9:00 AM Beijing Time, the Company held its Annual Meeting.  At the Annual Meeting, the Company’s shareholders approved the proposals listed below. The final results for the votes regarding each proposal are set forth below. Each of these proposals is described in detail in the Company’s proxy statement, filed with the Securities and Exchange Commission on November 5, 2019.

 

1. Elect two Class I directors to the Company’s board of directors (the “Board”) to serve until the 2022 Annual Meeting or until their successors are elected and qualified. According to the voting results, Ralph Hornblower, III and Shudong Zhao are elected as Class I directors.

 

Name   For   Withheld/Abstain
Ralph Hornblower, III   10,172,927   29,301
Shudong Zhao   10,182,300   19,928
Changqing Yan   382,036   9,820,192

 

2. Ratify the appointment of Friedman LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2020.

 

For   Against   Abstain
10,021,026   178,998   2,204

 

3. Approve a share consolidation or reverse stock split, of the Company’s ordinary shares, par value $0.0185 per share, at a ratio of one-for-four, one-for-five or one-for-six (and if one-for-six is selected, to approve a decrease in the authorized share capital of the Company from US$1,850,000.000 to US$1,850,000.037), with the exact ratio to be selected at the sole discretion of the Company’s Board such that the number of the Company’s ordinary shares is decreased and the par value of each ordinary share is increased by that ratio or alternatively that the share capital of the Company remains unchanged.

 

For   Against   Abstain
9,946,335   254,790   1,103

 

 

Exhibit Index: 

 

Exhibit 99.1 —  Press release dated December 3, 2019, with the title of “Recon Technology Announced Voting Results from 2019 Annual Meeting of Shareholders.”

 

 

 

 

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.

 

  RECON TECHNOLOGY, LTD.
     
Date: December 3, 2019 By:   /s/ Liu Jia
  Name: Liu Jia
  Title:   Chief Financial Officer

  

 

 

 

 

Exhibit 99.1

 

Recon Technology Announced Voting Results from 2019 Annual Meeting of Shareholders

 

NEW YORK, Dec. 3, 2019 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), today announced the results of the Annual Meeting of Shareholders (the "Meeting") held on December 2, 2019.

 

At the Annual Meeting, the Company’s shareholders approved the proposals listed below. The final results for the votes regarding each proposal are set forth below. Each of these proposals is described in detail in the Company’s proxy statement, filed with the Securities and Exchange Commission on November 5, 2019.

 

1.  Elect two Class I directors to the Company’s board of directors (the “Board”) to serve until the 2022 Annual Meeting or until their successors are elected and qualified. According to the voting results, Ralph Hornblower, III and Shudong Zhao are elected as Class I directors.

 

Name   For   Withheld/Abstain
Ralph Hornblower, III   10,172,927   29,301
Shudong Zhao   10,182,300   19,928
Changqing Yan   382,036   9,820,192

 

2.  Ratify the appointment of Friedman LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2020.

 

For   Against   Abstain
10,021,026   178,998   2,204

 

3. Approve a share consolidation or reverse stock split, of the Company’s ordinary shares, par value $0.0185 per share, at a ratio of one-for-four, one-for-five or one-for-six (and if one-for-six is selected, to approve a decrease in the authorized share capital of the Company from US$1,850,000.000 to US$1,850,000.037), with the exact ratio to be selected at the sole discretion of the Company’s Board such that the number of the Company’s ordinary shares is decreased and the par value of each ordinary share is increased by that ratio or alternatively that the share capital of the Company remains unchanged.

 

For   Against   Abstain
9,946,335   254,790   1,103

 

 

"Through this meeting, we received valuable feedback from various shareholders," said Mr. Shenping Yin, co-founder, and CEO of Recon. "As an independent solutions integrator in the oilfield services, we will focus on new growth projects such as oilfield environment protection and gas station digitalization. In the last fiscal year, revenue from oilfield environmental protection projects increased 743.3%, lead total revenue increased 21% compared to the fiscal year 2018. We plan to provide more customized services in the future to develop new growth and enhance our profitability."

 

 

 

 

About Recon Technology, Ltd.

Recon Technology, Ltd. (RCON) is China's first non-state-owned oil and gas field service company listed on NASDAQ. Recon supplies China's largest oil exploration companies with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures for increasing petroleum extraction levels, reducing impurities and lowering production costs. Since 2017, the Company has expanded its business operations into other segments of the broader energy industry including electric power, coal chemicals, renewable energy and environmental protection in the energy and chemical industries. Through the years, Recon has taken leading positions on several market segments of the oil and gas field service industry. Recon also has developed stable long-term cooperation relationship with its major clients, and its products and service are well accepted by clients. For additional information please visit: www.recon.cn.

 

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

 

IR contact:

Dragon Gate Investment Partners LLC

Tel: +1(646)-801-2803

Email: RCON@dgipl.com