07/17/2025 | Press release | Distributed by Public on 07/17/2025 12:35
Item 5.07 Submission of Maters to a Vote of Security Holders.
The annual meeting (the "Annual Meeting") of the stockholders of Nexalin Technology, Inc. (the "Company") was convened at 10:00 a.m. Eastern time on July 16, 2025. Of the 17,177,929 shares of the Company's common stock, par value $0.001 per share (the "common stock"), outstanding at the close of business on June 4, 2025, the record date for the Annual Meeting, 11,629,183 shares of common stock were present or represented by proxy at the Annual Meeting. At the Annual Meeting, the Company's shareholders voted on the three proposals described below. The results of the items voted on at the Annual Meeting are as follows.
Item One: Election of five directors of the Company: | |||
Name | For | Against | Abstained |
Leslie Bernhard | 6,127,377 | 0 | 1,134,481 |
Mark White | 6,357,484 | 0 | 904,374 |
David Owens, M.D. | 6,375,246 | 0 | 886,612 |
Alan Kazden | 6,260,430 | 0 | 1,001,428 |
Ben V. Hu, M.D. | 6,259,490 | 0 | 1,002,368 |
Item Two: Approval of an amendment to the Company's 2023 Equity Incentive Plan (the "Plan") to increase the number of shares reserved for issuance under the Plan: | ||
For | Against | Abstained |
6,074,244 | 317,475 | 870,139 |
Item Three: Ratification of the appointment of CBIZ CPAS P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2025: | ||
For | Against | Abstained |
10,673,497 | 99,874 | 855,812 |
Based on the foregoing votes, the director nominees listed in Item 1 were elected, and Items 2 and 3 were approved. No other items were presented for shareholder approval at the Annual Meeting.