UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On December 21, 2022, Graf Acquisition Corp. IV (the “Company”) held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders considered two proposals: (i) a proposal to approve the payment by the Company, directly or indirectly, of $16,667.00 per month base cash compensation to the Company’s full-time Chief Financial Officer (“CFO”), who is not a member of Graf Acquisition Partners IV LLC, the Company’s sponsor (“Sponsor”), plus any related taxes (including, without limitation, Medicare and social security), governmental payments and health care benefits, for services rendered to the Company as an employee, contractor or otherwise from May 6, 2022 (retroactive) through the Company’s closing of a Business Combination (the “Non-Sponsor CFO Compensation Proposal”), and (ii) a proposal to approve the payment by the Company, directly or indirectly, of up to $6,000.00 per month in aggregate for health care benefits to be provided to three of the Company’s full-time executive officers, the Chief Executive Officer, the Executive Vice President, General Counsel and Secretary and the Executive Vice President, Strategy, who are not otherwise receiving compensation from the Company, from the date of approval of this proposal through the Company’s closing of a business combination (the “Health Care Benefits Proposal”).
An aggregate of 17,684,117 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), which represents a quorum of the voting power of the Common Stock issued and outstanding and entitled to vote on the record date of November 18, 2022, were represented at the Special Meeting in person (which includes presence at the virtual meeting) or by proxy.
The results of the matters voted upon at the Special Meeting are set forth below:
Proposal No. 1 – Non-Sponsor CFO Compensation Proposal.
The Non-Sponsor CFO Compensation Proposal was approved, as follows:
For | Against | Abstain | Broker Non-Votes | |||
13,070,869 | 4,609,407 | 3,841 | 0 |
Proposal No. 2 – Health Care Benefits Proposal.
The Health Care Benefits Proposal was approved, as follows:
For | Against | Abstain | Broker Non-Votes | |||
13,017,503 | 4,662,773 | 3,841 | 0 |
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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.
GRAF ACQUISITION CORP. IV | |||
By: | /s/ James A. Graf | ||
Name: | James A. Graf | ||
Title: | Chief Executive Officer |
Date: December 21, 2022
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