Form 8-K - Current report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): October 31, 2024

 

IT TECH PACKAGING, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other jurisdiction of incorporation)

 

001-34577		20-4158835
(Commission File Number)		(IRS Employer Identification No.)

 

Science Park, Juli Road Xushui District, Baoding City Hebei Province, People’s Republic of China		072550
(Address of principal executive offices)		(Zip Code)

 

(86) 312-8698215

(Registrant’s telephone number, including area code)

 

 

(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 (see General Instruction A.2. below):

 

☐	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		ITP		NYSE American LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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 5.07 Submission of Matters to a Vote of Security Holders.

 

IT Tech Packaging, Inc. (the “Company”) held its Annual Meeting of Stockholders on October 31, 2024, local time (the “Annual General Meeting”). The final results for each of the matters submitted to a vote of stockholders at the Annual General Meeting as set forth in the Proxy Statement are as follows:

 

Proposal 1. All the three nominees for directors in Class II were elected to serve until the 2026 Annual General Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until such director’s earlier resignation, removal or death. The result of the votes to elect the directors was as follows:

 

DIRECTORS:		FOR				WITHHELD				BROKER NON-VOTE
Zhenyong Liu			1,464,681				990,154				2,251,854
Fuzeng Liu			1,464,482				990,353				2,251,854
Lusha Niu			1,466,538				988,297				2,251,854

 

Proposal 2. Advisory vote on executive compensation:

 

FOR				AGAINST				ABSTAIN
	1,428,905				1,007,407				18,433

 

Proposal 3. Advisory vote on the frequency of future advisory votes on executive compensation:

 

Every year				Every two years				Every three years
	255,035				27,872				1,345,999

 

Proposal 4. The appointment of GGF CPA Limited as the Company’s independent registered public accounting firm for fiscal 2024 was ratified by the stockholders by the votes set forth in the table below:

 

FOR				AGAINST				ABSTAIN
	3,710,408				993,464				2,817

 

There were no broker non-votes with respect to the appointment of GGF CPA Limited.

  

The Company’s Board of Directors has considered the results of the non-binding, advisory vote on the frequency of future advisory votes on executive compensation. In light of the results of such vote, the Company's Board of Directors has determined that the Company will hold an advisory vote on executive compensation every three (3) years.

 

Item 8.01 Other Events.

 

On November 1, 2024 the Company issued a press release announcing the results of the Annual General Meeting. A copy of the press release that discusses this matter is filed as Exhibit 99.1 to, and incorporated by reference in this report.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibits are filed herewith:

 

Exhibit Number		Description
99.1		Press Release dated November 1, 2024, announcing the results of Annual General Meeting.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

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.

 

	IT TECH PACKAGING, INC.
Date: November 4, 2024	By:	/s/ Zhenyong Liu
		Name:	Zhenyong Liu

 

 

2

 

 

Exhibit 99.1

 

IT Tech Packaging Inc. Announces Results of 2024 Annual General Meeting of Stockholders

 

BAODING, China, November 1, 2024 /PRNewswire/ -- IT Tech Packaging Inc. (NYSE American: ITP) (“IT Tech Packaging” or the “Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced the results of the Company’s 2024 Annual General Meeting of Stockholders (the “Annual Meeting”) held at the Company’s production base in Wei County, Hebei Province, China on October 31, 2024 (local time).

 

At the Annual Meeting, IT Tech Packaging’s stockholders:

 

1.

Elected three Class II directors (Zhengyong Liu, Fuzeng Liu and Lusha Niu) to serve on the Board of Directors of the Company, with such Class II directors to serve until the 2026 Annual Meeting of Stockholders or until their respective successors have been duly elected and qualified;

 

2.

Ratified the appointment of GGF CPA Limited as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024;

 

3.

Conducted an advisory vote on the compensation of the Company’s executive officers who are named in the Summary Compensation Table of the Company’s 2024 Proxy Statement, and approved such compensation; and

 

4.

Conducted an advisory vote on the frequency of future advisory votes on the compensation of the Company’s executive officers, and approved that option that executive compensation votes to be conducted every three (3) years.

 

About IT Tech Packaging Inc.

 

Founded in 1996, IT Tech Packaging Inc. is a leading manufacturer and distributor of diversified paper products in North China. Using recycled paper as its primary raw material (with the exception of its tissue paper products), ITP produces and distributes three categories of paper products: corrugating medium paper, offset printing paper and tissue paper products. With production based in Baoding and Xingtai in North China’s Hebei Province, ITP is located strategically close to the Beijing and Tianjin region, home to a growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country. ITP has been listed on the NYSE American since December 2009, please visit: http://www.itpackaging.cn/.

 

Forward-looking Statements

 

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

 

For more information, please contact:

 

IT Tech Packaging Inc.

Email: [e-mail]

Tel: [phone]

Cover	Oct. 31, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2024
Entity File Number	001-34577
Entity Registrant Name	IT TECH PACKAGING, INC.
Entity Central Index Key	0001358190
Entity Tax Identification Number	20-4158835
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Science Park, Juli Road
Entity Address, Address Line Two	Xushui District
Entity Address, Address Line Three	Baoding City
Entity Address, City or Town	Hebei Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	072550
City Area Code	86
Local Phone Number	312-8698215
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	ITP
Security Exchange Name	NYSEAMER
Entity Emerging Growth Company	false

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