Agape ATP Corp 8-K
Research Summary
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Agape ATP Corp Reports Annual Meeting Vote Results
What Happened
Agape ATP Corporation (ATPC) filed an 8-K (Item 5.07) reporting the results of its Annual Meeting of Stockholders held on January 30, 2026. All proposals presented to shareholders were approved, including ratification of the independent auditor, re-appointment of five directors, approval to file an S-3 shelf permitting up to $300,000,000 in aggregate offering price, and amendments to the articles of incorporation to allow a reverse stock split (up to 1-for-5,000) and to increase authorized common shares.
Key Details
- Auditor ratification: For 30,095,479; Against 50; Abstain 421.
- Director re-appointments (votes For / Withheld / Abstentions):
- How Kok Choong: 29,562,792 / 2,898 / 421
- Wilfredo Fernando Cortizo: 29,562,746 / 2,944 / 421
- Ramesh Rubin Louis: 29,562,896 / 2,794 / 421
- Ni Luh Dharma Kerti Natih: 29,562,839 / 2,851 / 421
- Rose Marie Kadende Kaiser: 29,556,728 / 8,962 / 421
- S-3 shelf approval (to file a registration statement for primary offerings): For 29,548,622; Against 16,968; Abstain 521 — authorizes potential issuance of up to $300,000,000 aggregate offering price of common stock under a Form S-3.
- Charter amendments approved: reverse split authority (up to 1-for-5,000) — For 29,969,661; Against 125,867; Abstain 421; increase in authorized common shares from 500,000,000 to 30,000,000,000 — For 30,073,422; Against 22,106; Abstain 421.
Why It Matters
These approvals give the board flexibility to manage the company’s capital structure: the S-3 shelf enables streamlined equity raises (up to $300M), the large authorized‑share increase provides capacity for future issuances, and the reverse split authority allows the board to consolidate shares if needed. Re-appointment of the five directors and auditor ratification maintain continuity in governance and financial oversight. Investors should note these are structural and governance actions — not financial results — but they affect the company’s ability to issue shares and raise capital going forward.