Energy Focus (NASDAQ: EFOI) shareholders back full board slate and 2026 auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Energy Focus, Inc. reported the results of its annual shareholder meeting held on June 12, 2026 for the fiscal year ended December 31, 2025. Shareholders voted on the election of seven directors and the ratification of the company’s independent auditor.
As of the April 15, 2026 record date, there were 6,303,433 shares of common stock entitled to one vote per share and 876,447 shares of Series A Convertible Preferred Stock entitled to 0.01582 of a vote per share. Holders representing 70.39% of the voting power, or 4,447,158 shares, were present in person or by proxy, establishing a quorum.
All seven director nominees received strong support, each obtaining approximately 3.93 million votes "for" with a small number of withheld votes and 514,854 broker non-votes. Shareholders also approved the ratification of GBQ Partners LLC as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 4,401,084 votes for, 16,083 against, and 29,991 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Common shares entitled to vote: 6,303,433 shares
Series A Preferred shares entitled to vote: 876,447 shares
Series A voting fraction: 0.01582 vote per share
+5 more
8 metrics
Common shares entitled to vote
6,303,433 shares
As of record date April 15, 2026
Series A Preferred shares entitled to vote
876,447 shares
As of record date April 15, 2026
Series A voting fraction
0.01582 vote per share
Voting power per Series A Convertible Preferred share
Voting power represented
70.39%
Quorum at June 12, 2026 annual meeting
Shares represented
4,447,158 shares
Common and Series A represented in person or by proxy
Votes for auditor ratification
4,401,084 votes
Ratification of GBQ Partners LLC for fiscal year 2026
Votes against auditor ratification
16,083 votes
Opposition to GBQ Partners LLC ratification
Abstentions on auditor ratification
29,991 votes
Abstaining votes on GBQ Partners LLC ratification
Key Terms
Series A Convertible Preferred Stock, Broker Non-Votes, independent registered public accounting firm, quorum
4 terms
Series A Convertible Preferred Stock financial
"shares of the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share, entitled to 0.01582 of a vote per share"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
Broker Non-Votes financial
"Broker Non-Votes have been counted in the voting results below"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"to ratify the appointment of GBQ Partners LLC as the Company's independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
quorum financial
"representing 70.39% of the voting power ... which constitutes a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
FAQ
What voting power was represented at Energy Focus (EFOI) 2026 annual meeting?
The meeting had 4,447,158 shares of common and Series A preferred represented, equal to 70.39% of the company’s total voting power. This level of participation satisfied quorum requirements, allowing all proposals to be validly considered and decided.
Who were the directors elected at Energy Focus (EFOI) 2026 annual meeting?
Shareholders elected Kin-Fu Chen, Jay (Chiao-Chieh) Huang, Wen-Jeng Chang, Shou-Jang Lee, Chao-Jen Huang, Wen-Cheng Chen, and Sophia Ann Shee. Each nominee received about 3.93 million votes for, a small number of withheld votes, and 514,854 broker non-votes.
What is the voting entitlement of Energy Focus (EFOI) Series A Convertible Preferred Stock?
The Series A Convertible Preferred Stock carries 0.01582 of a vote per share. At the April 15, 2026 record date, 876,447 preferred shares were issued, outstanding, and entitled to vote alongside common shares at the annual meeting.