falsePFSWEB INC000109531500010953152021-07-012021-07-01


 
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): July 27, 2021
 
PFSweb, Inc.
(Exact name of registrant as specified in its charter)
 
 
Delaware000-2827575-2837058
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
(COMMISSION FILE NUMBER)
(IRS EMPLOYER
IDENTIFICATION NO.)
 
 
505 MILLENNIUM DRIVE
ALLEN, TX 75013
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
 
(972) 881-2900
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
 
N/A
(FORMER NAME OR 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 communication 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 classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.001 par valuePFSWNASDAQCapital 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 5.07 Submission of Matters of a Vote of Security Holders
 
On July 27, 2021, PFSweb, Inc. (the “Company”) held its 2021 Annual Meeting of Stockholders at 10:00 a.m. Central Time (the "Annual Meeting"). Only the stockholders of record as of the close of business on June 4, 2021 (the "Record Date") were entitled to vote at the Annual Meeting. As of the Record Date, 21,146,610 shares of the Company's common stock were issued, outstanding and entitled to vote, of which 17,490,446 shares were represented, in person or by proxy, at the Annual Meeting, which constituted a quorum. The final results of the stockholder vote on each proposal brought before the Annual Meeting were as follows:

1. The following individuals were elected as directors to serve for a one-year term expiring at the 2022 Annual Meeting, or until his or her successor is qualified and appointed, based upon the following votes:

Nominees
Shares Voted For
Shares Voted Against
Abstained
Broker Non-Votes
Ben Rosenzweig
13,224,524417,64910,0593,838,214
Monica Luechtefeld
13,609,53742,0646313,838,214
Michael Willoughby
13,564,29087,3615813,838,214
Shinichi Nagakura
13,544,810106,8415813,838,214
David I. Beatson
13,264,064385,7812,3873,838,214
Robert Frankfurt
13,526,045125,6065813,838,214
G. Mercedes De Luca
13,316,612333,2312,3893,838,214

2. A non-binding, advisory vote on the compensation of the Named Executive Officers was approved based upon the following votes:

Shares Voted For
Shares Voted Against
Abstained
Broker Non-Votes
10,432,7833,208,87610,5733,838,214
3.An amendment to the Company's 2020 Stock and Incentive Plan to increase the number of shares of Common Stock issuable thereunder by 1,000,000 shares was approved based upon the following votes:

Shares Voted For
Shares Voted Against
Abstained
Broker Non-Votes
10,548,2473,093,60310,3823,838,214

4.An amendment to the Company's Rights Agreement with Computershare Shareowner Services, LLC was approved based upon the following votes:

Shares Voted For
Shares Voted Against
Abstained
Broker Non-Votes
10,515,4553,129,7697,0083,838,214

5.A vote to ratify the appointment of BDO USA, LLP as the Company's independent auditors for the fiscal year ended December 31, 2021, was approved based upon the following votes:

Shares Voted For
Shares Voted Against
Abstained
Broker Non-Votes
17,462,15120,8067,489


ITEM 8.01 Other Events

On July 27, 2021, the Company issued a press release announcing the results of the Company's Annual Meeting. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

ITEM 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 



Exhibit No.Description
99.1
104
Cover Page Interactive Data file, formatted in Inline XBRL
 





 
SIGNATURE
 
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.
 
PFSweb, Inc.
Dated: July 28, 2021By:/s/ Thomas J. Madden
Thomas J. Madden
Executive Vice President,
Chief Financial Officer