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JRSH Jerash holdings (US)

Filed: 17 Sep 20, 7:05am

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): September 16, 2020

 

Jerash Holdings (US), Inc.

(Exact name of registrant as specified in its charter)

 

Delaware 001-38474 81-4701719
(State or other jurisdiction
of incorporation)
 (Commission File Number) (IRS Employer
Identification No.)

 

277 Fairfield Road, Suite 338, Fairfield, NJ 07004
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number including area code: (214) 906-0065

 

 

(Former name or former address, if changed since last report)

 

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:

 

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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $0.001 per share JRSH The NASDAQ Stock Market LLC

 

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.

 

At the annual meeting of stockholders of Jerash Holdings (US), Inc. (the “Company”) held on September 16, 2020, the Company’s stockholders voted on the matters described below.

 

1.The Company’s stockholders elected five directors, each to serve until the 2021 annual meeting of stockholders and until their respective successors have been elected and qualified or until their earlier resignation or removal. The number of shares that (a) voted for the election of each director and (b) withheld authority to vote for each director is summarized in the table below:

 

Director Nominee Votes For Votes Withheld
Choi Lin Hung 8,935,506 4,520
Wei (“Kitty”) Yang 8,933,652 6,374
Ibrahim H. Saif 8,932,514 7,512
Bill Korn 8,932,514 7,512
Mak Chi Yan 8,932,456 7,570

 

There were 340,453 broker non-votes with respect to the election of each director. Broker non-votes represent shares held by broker nominees for beneficial owners that were not voted because the broker nominee did not receive voting instructions from the beneficial owner and lacked discretionary authority to vote the shares on a non-routine proposal.

 

2.The Company’s stockholders ratified the selection of Friedman LLP as the Company’s independent registered public accounting firm for the year ending March 31, 2021. The number of shares that voted for, against, and abstained from voting for this proposal is summarized in the table below:

 

Votes For Votes Against Abstentions
9,267,749 11,646 1,084

 

There were no broker non-votes on the proposal to ratify the selection of the Company’s independent registered public accounting firm for the year ending March 31, 2021.

 

Item 8.01 Other Events.

 

On September 17, 2020, the Company issued a press release to announce results of its annual meeting of stockholders held on September 16, 2020, and continued strong factory bookings into calendar year 2021. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number
 Exhibit
99.1 Press Release dated September 17, 2020

 

 

 

 

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.

 

 JERASH HOLDINGS (US), INC.
   
September 17, 2020By:/s/ Choi Lin Hung
  Choi Lin Hung
  

Chairman of the Board of Directors,

Chief Executive Officer, President, and Treasurer