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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): May 20, 2025

 

 

 

CXApp Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-39642   85-2104918

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

Four Palo Alto Square, Suite 200

3000 El Camino Real

California, CA

  94306
(Address of principal executive offices)   (Zip Code)

 

(650) 785-7171
(Registrant’s telephone number, including area code)

 

Not Applicable
(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 $0.0001 per share   CXAI   The Nasdaq Stock Market LLC
Warrants to purchase common stock   CXAIW   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.

 

 

 

   

 

 

Introductory Note

 

In an annual meeting of the stockholders (the “Annual Meeting”) of CXApp Inc., a Delaware corporation (the “Company” or “CXApp”), held on May 20, 2025 at 8:00 a.m., Pacific Time, virtually via live webcast in connection with the stockholder vote on the proposals listed below, holders of 10,203,486 shares of CXApp common stock were present virtually or represented by proxy, representing 51.51% of CXApp’s common stock outstanding and entitled to vote as of April 3, 2025, the record date for the Annual Meeting, and constituting a quorum for the transaction of business.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

The final voting results for each matter submitted to a vote of the Company stockholders at the Annual Meeting are set forth below:

 

1.Proposal 1: To elect Camillo Martino to serve as a Class II director to hold office until the date of the annual meeting of stockholders following the fiscal year ending December 31, 2027, and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.

 

For Against Abstain
4,497,808 587,432 7,358

 

2.Proposal 2: To elect Shanti Priya to serve as a Class II director to hold office until the date of the annual meeting of stockholders following the fiscal year ending December 31, 2027, and until her successor is duly elected and qualified, or until her earlier death, resignation or removal.

 

For Against Abstain
4,878,749 205,323 8,526

 

3.Proposal 3: To approve the issuance of CXApp common stock (or securities convertible into or exercisable for CXApp common stock) in one or more private placements in excess of 20% of the Company’s outstanding common stock.

 

For Against Abstain
4,607,105 468,718 16,775

 

4.Proposal 4: To approve the amendment and restatement of the CXApp Inc. 2023 Equity Incentive Plan, including the reservation of a total of 5,676,000 shares of common stock for issuance under the plan.

 

For Against Abstain
3,584,889 1,500,330 7,379

 

5.Proposal 5: To authorize the Board, at its discretion, to approve (i) a reverse stock split of the Company’s common stock with a ratio between 1-for-5 and 1-for-10, for the primary purpose of maintaining CXApp’s listing on the Nasdaq Stock Market, and (ii) the amendment of the Company’s certificate of incorporation to reflect the reverse stock split.

 

For Against Abstain
7,598,748 2,556,480 48,258

 

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6.Proposal 6: To approve, on a non-binding advisory basis, the compensation of the named executive officers.

 

For Against Abstain
4,728,284 341,770 22,544

 

7.Proposal 7: To ratify the selection of WithumSmith+Brown, PC as our independent registered public accounting firm for 2025.

 

For Against Abstain
9,336,274 597,933 269,279

 

Cautionary Statement Regarding Forward-Looking Statements

 

This report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative or other variations thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company’s auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the demand for the Company’s services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company’s services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company’s business; difficulties of managing growth profitably; the loss of one or more members of the Company’s management team; loss of a major customer and other risks and uncertainties included from time to time in the Company’s reports (including all amendments to those reports) filed with the Securities and Exchange Commission. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.

 

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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.

 

  CXApp Inc.
   
Date: May 20, 2025 By: /s/ Khurram P. Sheikh
    Name: Khurram P. Sheikh
    Title: Chairman and Chief Executive Officer

 

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