UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 28, 2017

KANDI TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware   001-33997   90-0363723
(State of Incorporation)   (Commission File Number)   (IRS Employer Identification)

 

Jinhua City Industrial Zone
Jinhua, Zhejiang Province
People’s Republic of China
Post Code 321016

(Address of principal executive offices)

(86-579) 8223-9700
Registrant’s telephone number, including area code

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 (see General Instruction A.2. below):

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))

 

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 5.07Submission of Matters to a Vote of Security Holders.

On December 28, 2017, Kandi Technologies Group, Inc. (the “Company”) held its Annual Meeting of Shareholders for the fiscal year ended December 31, 2016 (the “Annual Meeting”). Holders of 36,153,507 shares of the Company's common stock were present in person or by proxy at the Annual Meeting, representing 75.26% of the total outstanding shares of common stock and therefore constituting a quorum of more than a majority of the shares outstanding and entitled to vote at the Annual Meeting as of the record date of November 2, 2017. The final voting result for each matter submitted to a vote of shareholders at the meeting are as follows:

Proposal 1: Election of Directors 

The following seven individuals were elected as the Board of Directors of the Company to serve as directors until the next Annual Meeting of Shareholders or until their successors have been duly elected and qualified. No broker Non-votes are counted.

   FOR   WITHHELD 
HU XIAOMING   18,205,572    230,930 
MEI BING   18,183,783    252,719 
CHEN LIMING   18,161,990    274,512 
LIN YI   18,204,156    232,346 
JERRY LEWIN   17,892,837    543,665 
HENRY YU   18,167,225    269,277 
ZHU FENG   18,153,136    283,366 

Proposal 2: Ratify BDO China Shu Lun Pan Certified Public Accountants LLP as Independent Auditor

The shareholders ratified the appointment of BDO China Shu Lun Pan Certified Public Accountants LLP as the Company’s independent auditor for the fiscal year ended December 31, 2017.

    FOR   AGAINST   ABSTAIN 
TOTAL SHARES VOTED    35,857,314    168,623    127,570 

 

Proposal 3: Advisory Vote on Compensation of Named Executive Officers

The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers. No broker Non-votes are counted.

    FOR   AGAINST   ABSTAIN 
TOTAL SHARES VOTED    18,038,592    299,599    98,311 

 

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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.

  KANDI TECHNOLOGIES GROUP, INC. 
   
Date: January 3, 2018 By:  /s/ Hu Xiaoming
 

Name:

Title:

Hu Xiaoming
Chief Executive Officer

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