BT Brands Holds Annual Shareholders Meeting and Reports Voting Results

On December 6, 2024, BT Brands, Inc. (NASDAQ: BTBD) conducted its Annual Meeting of shareholders for the 2024 fiscal year. As of the record date for the meeting on October 18, 2024, 6,246,118 shares of common stock were eligible to vote. The meeting saw 6,171,937 shares represented either in person or by proxy, meeting the quorum requirement.

Key highlights from the voting results include:

1. **Election of Directors:**
At the meeting, shareholders elected a slate of directors to serve for a term of one year. The results were as follows:
– Gary Copperud: For – 2,583,471; Against – 2,100; Abstain/Withheld – 622; Broker Non-Vote – 2,437,792
– Kenneth Brimmer*: For – 2,837,322; Against – 18,249; Abstain/Withheld – 622; Broker Non-Vote – 2,437,792
– Allan Anderson: For – 2,824,824; Against – 30,747; Abstain/Withheld – 622; Broker Non-Vote – 2,437,792
– Terri Tochihara-Dirks: For – 2,850,291; Against – 2,100; Abstain/Withheld – 622; Broker Non-Vote – 2,437,792
– Fred Croci: For – 2,850,471; Against – 2,100; Abstain/Withheld – 622; Broker Non-Vote – 2,437,792

2. **Approval of Amendment to Articles of Incorporation:**
Shareholders voted on the approval of amending the Articles of Incorporation to increase authorized shares of common stock from 50,000,000 to 150,000,000. The results were: For – 4,850,613; Against – 111,924; Abstain/Withheld – 0.

3. **Ratification of Independent Registered Public Accounting Firm:**
The appointment of Boulay, PLLP as the independent registered public accounting firm for the fiscal year ended December 31, 2023, was ratified. The results were: For – 4,923,023; Against – 7,335; Abstain/Withheld – 32,179.

4. **Non-binding Advisory Vote on 2023 Compensation for Executive Officers:**
There was a non-binding advisory vote on the compensation paid to named executive officers in 2023 as disclosed in the proxy statement. The results were: For – 1,893,019; Against – 961,047; Abstain/Withheld – 2,127.

5. **Vote on Frequency of Future Non-binding Advisory Votes for Executive Compensation:**
Shareholders also voted on the frequency of future non-binding advisory votes regarding executive compensation. The results were as follows:
– 1 Year – 1,760,026
– 2 Years – 9,511
– 3 Years – 125,990
– Abstain/Withheld – 82,126

Kenneth Brimmer, the Chief Financial Officer, signed the report on behalf of BT Brands, Inc. on December 10, 2024.

*Note: Kenneth Brimmer serves as the Chairperson of the Board of Directors.

As of the company’s recent disclosure, BT Brands will be proceeding with these approved measures based on the shareholder voting outcomes.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read BT Brands’s 8K filing here.

About BT Brands

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.