UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(
CURRENT REPORT
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This Amendment No. 1 on Form 8-K/A, or the Amended 8-K, is being filed as an amendment to the Current Report on Form 8-K filed by Polar Power, Inc., or the Company, with the Securities and Exchange Commission on December 21, 2022, or the Original 8-K. The purpose of this Amended 8-K is to disclose the Company’s decision regarding how frequently it will conduct future stockholder non-binding advisory votes to approve the compensation of the Company’s named executive officers. No other changes are being made to the Original 8-K.
Item 5.07 Submission of Matters to a Vote of Security Holders.
As reported in the Original 8-K, at the Company’s Annual Meeting of Stockholders held on December 21, 2022, a majority of the Company’s stockholders that voted on the matter indicated a preference to hold, on a non-binding advisory basis, the Company’s future non-binding advisory votes on executive compensation, or say on pay votes, every three years. After taking into consideration the foregoing voting results and the Board of Directors’ prior recommendation in favor of every three years say on pay votes as set forth in the Company’s proxy statement for the Company’s 2022 Annual Meeting of Stockholders, and consistent with the stockholder voting results, the Board has determined that the say on pay vote will be conducted once every three years, until the next stockholder vote on say on pay frequency.
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.
Date: January 11, 2023
| POLAR POWER, INC. | ||
| By: | /s/ Arthur D. Sams | |
| Arthur D. Sams President, Chief Executive Officer and Secretary | ||