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ALPP Alpine 4

Employees

Data from SEC filings
Employee count

Shareholder alignment

Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM


On February 5, 2021, Alpine 4 Technologies Ltd., a Delaware corporation (the “Company”) held its 2020 Annual Meeting of Shareholders (the “Annual Meeting”), for which the Board of Directors solicited proxies. At the Annual Meeting, the shareholders voted on the proposals set forth below, as described in the Company’s definitive proxy materials filed with the SEC on January 15, 2021, and mailed to all of the Company’s shareholders beginning on or about January 18, 2021.

On January 7, 2021, the Record Date for the Annual Meeting, the Company had 124,999,995 shares of Class A common stock, par value $0.0001, issued and outstanding and entitled to vote at the Annual Meeting; 9,023,088 shares of Class B common stock, par value par value $0.0001, issued and outstanding and entitled to vote at the Annual Meeting; and 14,147,267 shares of Class C common stock, par value par value $0.0001, issued and outstanding and entitled to vote at the Annual Meeting. Each share of Class A Common Stock is entitled to one (1) vote; each share of Class B Common Stock is entitled to ten (10) votes; and each share of Class C Common Stock is entitled to five (5) votes. Additionally, there were 5 shares of our Series B Preferred Stock outstanding, held by members of the Company’s Board of Directors. All of the shares of Series B Preferred Stock together have voting power equal to 200% of the total voting power of all other Classes or series of outstanding shares, and each share of Series B Preferred Stock has a fractional portion of that aggregate vote.

The transfer agent, who tallied the votes submitted through brokerage houses and to the transfer agent, tallied the votes of the Class A and Class C Common Stock together. The Company tallied the votes of the Class B Common Stock and of the Series B Preferred Stock.

A total of 163,621,350 shares of Class A, Class B, and Class C Common Stock, representing a total of 57.26% of the total outstanding shares of Class A and Class C Common Stock, were represented in person or by proxy at the Annual Meeting. All of the shares of Series B Preferred Stock were present in person or by proxy at the Annual Meeting. The proposals voted on and approved by the stockholders at the Annual Meeting were as follows:

Proposal 1

The four director nominees named in the Company's proxy statement were elected, each to hold office until the 2021 Annual Meeting and until their successors are duly elected and qualified, based upon the following votes:

NomineeClass A , Class B and Class C Common Stock Votes ForClass A, Class B and Class C Common Stock Votes WithholdSeries B Preferred Votes ForSeries B Preferred Votes Withhold
Kent B. Wilson163,621,350 171,203
Charles Winters163,621,350 171,203
Scott Edwards163,621,350 171,203
Ian Kantrowitz163,621,350 171,203


Proposal 2

The proposal to ratify the appointment of Malone Bailey LLP as the Company’s independent public accounting firm was approved based on the following votes:

Class A, Class B and Class C Votes For71,180,755
Class A, Class B and Class C, Votes Against90,851
Class A, Class B and Class C Votes Abstain1,290,067
Series B Preferred Votes For
Series B Preferred Votes Against0
Series B Preferred Votes Abstain0




Proposal 3

The proposal to authorize the Board of Directors to file an Amendment to the Company’s Certificate of Incorporation, as amended to date, to Authorize a reverse stock split of the Company’s Class A, Class B, and Class C Common Stock, and to change the name of the Company to Alpine 4 Holdings, Inc. (“Amendment Option 1”), was approved based on the following votes:

Class A, Class B and Class C Votes For138,842,594
Class A, Class B and Class C Votes Against24,472,824
Class A, Class B and Class C Votes Abstain571,435
Series B Preferred Votes For
Series B Preferred Votes Against0
Series B Preferred Votes Abstain0


Proposal 4

The proposal to authorize the Board of Directors to file an Amendment to the Company’s Certificate of Incorporation, as amended to date, to Authorize an increase in the authorized shares of Class A Common Stock of the Company, and to change the name of the Company to Alpine 4 Holdings, Inc. (“Amendment Option 2”), was approved based on the following votes:

Class A, Class B, and Class C Votes For160,157,115
Class A, Class B, and Class C Votes Against3,296,549
Class A, Class B, and Class C Votes Abstain338,889
Series B Preferred Votes For
Series B Preferred Votes Against0
Series B Preferred Votes Abstain0




Proposal 5

The proposal to approve by an advisory vote the compensation of our named executive officers, as disclosed in the proxy statement was approved based on the following votes:

Class A, Class B, and Class C Votes For160,424,185
Class A, Class B, and Class C Votes Against789,299
Class A, Class B, and Class C Votes Abstain2,168,069
Series B Preferred Votes For
Series B Preferred Votes Against0
Series B Preferred Votes Abstain0


Proposal 6

The proposal relating to the recommendation, by non-binding vote, on the frequency of executive compensation voting was approved at a frequency of three years based on the following votes:

Class A, Class B, and Class C Votes For159,727,855
Class A, Class B, and Class C Votes Against0
Class A, Class B, and Class C Votes Abstain4,064,698
Series B Preferred Votes For
Series B Preferred Votes Against0
Series B Preferred Votes Abstain0


With respect to Proposal 1, each of the director-nominees received the affirmative vote of a plurality of the votes cast (each with a greater number of votes cast “for” than “withheld”), and each was elected to serve for a term of one years.

Proposals 2, 3, 4, and 5 each received the affirmative vote of a majority of votes cast and therefore passed. With respect to Proposal 6 relating to the frequency of the non-binding vote on executive compensation, the three-year option received the affirmative vote of a majority of votes cast and therefore passed.