STOCK TITAN

Sky Quarry holders OK reverse split authority

Sky Quarry Inc. (SKYQ) reported the results of a September 18, 2026 special stockholder meeting where all four proposals on the ballot received majority support of votes cast.

(Moderate)
(Negative)
Form Type
8-K

Rhea-AI Filing Summary

Sky Quarry Inc. (SKYQ) reported the results of a September 18, 2026 special stockholder meeting where all four proposals on the ballot received majority support of votes cast. As of the July 24, 2026 record date, 8,808,017 shares of common stock were outstanding, and 4,481,963 shares were represented, constituting a quorum.

Stockholders approved two amendments authorizing the Board, at its discretion, to effect up to two reverse stock splits of the common stock, each at a ratio between 1-for-2 and 1-for-25, with the second reverse split permitted only after the first becomes effective and both authorizations lasting up to two years from approval. Proposal 1 received 3,678,019 votes for and Proposal 2 received 3,600,553 votes for; each passed by a majority of votes cast but not by a majority of the outstanding shares. Stockholders also approved the Sky Quarry Inc. 2026 Omnibus Incentive Plan (Proposal 3) and an adjournment proposal (Proposal 4).

Positive

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Negative

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Filing Explained

The September 18 vote approved authority—not an immediate share-count change—for the Board to carry out up to two 1-for-2 to 1-for-25 reverse splits; any split would reduce shares and raise the per-share price proportionally, without changing company value by the split itself.

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.
Shares outstanding on record date 8,808,017 shares Common stock outstanding and entitled to vote as of July 24, 2026
Shares represented at meeting 4,481,963 shares Shares present in person or by proxy at the September 18, 2026 meeting
First Reverse Stock Split range 1-for-2 to 1-for-25 Authorized ratio range for the first reverse stock split
First Reverse Stock Split votes for 3,678,019 votes Votes in favor of Proposal 1 authorizing the first reverse stock split
Second Reverse Stock Split votes for 3,600,553 votes Votes in favor of Proposal 2 authorizing the second reverse stock split
Omnibus Incentive Plan votes for 2,041,965 votes Votes in favor of Proposal 3 approving the 2026 Omnibus Incentive Plan
Adjournment proposal votes for 3,658,519 votes Votes in favor of Proposal 4 to permit adjournments
reverse stock split financial
"a reverse stock split of the Company’s issued and outstanding shares"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Broker Non-Votes regulatory
"Votes Abstained: 110,799 Broker Non-Votes: 1,950,340"
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.
Omnibus Incentive Plan financial
"Stockholders approved the Sky Quarry Inc. 2026 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
adjournments of the Meeting regulatory
"approved one or more adjournments of the Meeting, if necessary"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SKYQ stockholders approve regarding reverse stock splits at the September 18, 2026 meeting?

Stockholders approved two amendments authorizing the Board to implement up to two reverse stock splits of Sky Quarry’s common stock, each at a ratio between 1-for-2 and 1-for-25. The second reverse split may occur only after the first is effective and within two years of approval.

How many Sky Quarry (SKYQ) shares were entitled to vote and how many formed the quorum?

As of the July 24, 2026 record date, 8,808,017 shares of Sky Quarry common stock were issued, outstanding, and entitled to vote. A total of 4,481,963 shares were represented in person or by proxy at the special meeting, constituting a quorum.

What were the voting results for Sky Quarry’s first reverse stock split proposal?

The first reverse stock split proposal received 3,678,019 votes for, 710,157 against, and 93,787 abstentions, with 0 broker non-votes. It was approved by a majority of votes cast, but not by a majority of the outstanding common shares.

What were the voting results for Sky Quarry’s second reverse stock split proposal?

The second reverse stock split proposal received 3,600,553 votes for, 777,756 against, and 103,652 abstentions, with 0 broker non-votes. It was approved by a majority of votes cast, but not by a majority of the outstanding common shares.

Did Sky Quarry (SKYQ) stockholders approve the 2026 Omnibus Incentive Plan?

Yes. Stockholders approved the Sky Quarry Inc. 2026 Omnibus Incentive Plan with 2,041,965 votes for, 378,858 against, 110,799 abstentions, and 1,950,340 broker non-votes at the special meeting.

What was the outcome of the adjournment proposal at the Sky Quarry special meeting?

Stockholders approved the adjournment proposal allowing one or more adjournments to solicit additional proxies. The vote was 3,658,519 for, 646,051 against, 177,394 abstentions, and 0 broker non-votes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0001812447 false 0001812447 2026-09-18 2026-09-18

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 18, 2026

 

SKY QUARRY INC.

(Exact name of registrant as specified in its charter)

 

Delaware

001-42296

84-1803091

(State or other jurisdiction of
incorporation or organization)

(Commission File Number)

(IRS Employer
Identification No.)

  

707 W. 700 South, Suite 105

Woods Cross, UT 84087

(Address of principal executive office) (Zip Code)

 

(424) 394-1090

(Registrant’s telephone number, including area code)

 

 

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

SKYQ

Nasdaq Capital Market

 

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 5.07 Submission of Matters to a Vote of Security Holders.

 

The Sky Quarry Inc. (the “Company”) held its special meeting of stockholders on September 18, 2026 (the “Meeting”). As of July 24, 2026, the record date for the Meeting, 8,808,017 shares of common stock were issued and outstanding and entitled to vote. A total of 4,481,963 shares were represented in person or represented by proxy at the Meeting, constituting a quorum.

 

At the Meeting, the Company’s stockholders voted on the following proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on August 6, 2026. The final voting results for each proposal are set forth below.

 

Proposal 1 – First Reverse Stock Split

 

Proposal 1 was for the approval of an amendment to the Company’s Certificate of Incorporation, as amended, to effect, at the discretion of the Company Board of Directors (the “Board”), a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”), at a ratio not less than 1-for-2 and not greater than 1-for-25, the exact ratio to be set by the Board, on or before the two-year anniversary of the approval of the proposal (the “First Reverse Stock Split”). The results of the voting were as follows:

 

Votes For:

3,678,019

Votes Against:

710,157

Votes Abstained:

93,787

Broker Non-Votes:

0

 

Proposal 1 was approved by the affirmative vote of a majority of the votes cast, but not by the majority of the outstanding shares of Common Stock.

 

Proposal 2 – Second Reverse Stock Split

 

Proposal 1 was for the approval of an amendment to the Company’s Certificate of Incorporation, as amended, to effect, at the discretion of the Board, a reverse stock split of the Company’s issued and outstanding shares of Common Stock, at a ratio not less than 1-for-2 and not greater than 1-for-25, the exact ratio to be set by the Board, on or after the date of effectiveness of the First Reverse Stock Split and on or before the two-year anniversary of the approval of this proposal. The results of the voting were as follows:

 

Votes For:

3,600,553

Votes Against:

777,756

Votes Abstained:

103,652

Broker Non-Votes:

0

 

Proposal 2 was approved by the affirmative vote of a majority of the votes cast, but not by the majority of the outstanding shares of Common Stock.

 

Proposal 3 – 2026 Omnibus Incentive Plan

 

Stockholders approved the Sky Quarry Inc. 2026 Omnibus Incentive Plan. The results of the voting were as follows:

 

Votes For:

2,041,965

Votes Against:

378,858

Votes Abstained:

110,799

Broker Non-Votes:

1,950,340




Proposal 4 - Adjournment

Stockholders approved one or more adjournments of the Meeting, if necessary, to solicit additional proxies in the event that there were insufficient votes to approve Proposals 1, 2 and 3. The results of the voting were as follows:

 

Votes For:

3,658,519

Votes Against:

646,051

Votes Abstained:

177,394

Broker Non-Votes:

0




SIGNATURES

 

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Sky Quarry Inc.

 

 

 

 

 

 

Dated: September 22, 2026

By:

/s/ Marcus Laun

 

Name:

Marcus Laun

 

Title:

Interim Chief Executive Officer and President


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