Lakeside Holding Ltd 8-K

What Happened

• Lakeside Holding Ltd (the “Company”) filed an 8-K reporting the results of its 2026 annual meeting of stockholders held on February 12, 2026. A quorum of 32,059,606 shares (93.12% of outstanding common stock as of the Jan 5, 2026 record date) was present in person or by proxy; there were no broker non-votes.
• Stockholders approved the election of five directors to serve until the 2027 annual meeting: Yang Li (26,357,535 for; 5,702,071 withheld), Long (Leo) Yi (26,357,535 for; 5,702,071 withheld), Zhengyi (Janice) Fang (26,357,535 for; 5,702,071 withheld), Xiaoou Li (26,357,532 for; 5,702,074 withheld) and Aik Siang Goh (26,357,532 for; 5,702,074 withheld).
• Holders approved multiple amendments to the Company’s Articles of Incorporation and corporate actions: increasing authorized common stock to 2,000,000,000 shares (26,244,925 for; 5,814,681 withheld), authorizing 1,000,000,000 shares of “blank check” preferred stock (26,244,925 for; 5,814,681 withheld), and amending voting thresholds for stockholder proposals (26,246,325 for; 5,813,281 withheld). Stockholders also ratified a December 2025 private placement of 5,600,000 common shares (26,310,721 for; 5,748,885 withheld) and approved the sale of 100% of the issued and outstanding shares of American Bear Logistics Corp (26,289,804 for; 5,769,802 withheld).

Key Details

• Meeting date and record date: Annual meeting on Feb 12, 2026; record date Jan 5, 2026.
• Quorum: 32,059,606 shares present (93.12% of outstanding common stock).
• Charter changes approved: increase common shares authorized to 2,000,000,000; add 1,000,000,000 “blank check” preferred shares.
• Corporate actions ratified/approved: ratification of 5,600,000-share private placement (Dec 2025); approval to sell 100% of American Bear Logistics Corp.

Why It Matters

• The approved increase in authorized common stock and the new blank-check preferred class give the Company flexibility to issue additional equity or preferred stock for financing, strategic transactions, or other corporate purposes; that flexibility can lead to future dilution if shares are issued.
• Ratification of the December 2025 private placement formalizes that prior issuance of 5.6 million shares. The approved sale of American Bear Logistics Corp is a completed authorization that may change the Company’s asset and revenue mix going forward.
• Re-election of the board keeps the current management oversight in place; investors should monitor future filings (e.g., Form 10-Q/10-K or press releases) for details on how the charter changes and the subsidiary sale affect capital structure, financing plans, and operating results.