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[8-K] BIO-key International, Inc. Reports Material Event

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Rhea-AI Filing Summary

BIO-key International held its Annual Meeting on August 8, 2025 where shareholders elected five directors 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia and Cameron E. Williams 鈥� each receiving between 995,776 and 1,001,229 votes in favor, with 2,713,111 broker non-votes recorded on those elections.

Shareholders also ratified Bush & Associates CPA LLC as the company鈥檚 independent registered public accounting firm (3,500,203 for; 461,100 against; 52,205 abstain), approved the advisory vote on executive compensation (975,360 for; 317,871 against; 7,166 abstain; 2,713,111 broker non-votes), and approved amendments to the 2023 Stock Incentive Plan and the 2021 Employee Stock Purchase Plan with vote totals reported.

BIO-key International ha tenuto la sua Assemblea Annuale l'8 agosto 2025, durante la quale gli azionisti hanno eletto cinque amministratori 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia e Cameron E. Williams 鈥� ciascuno dei quali ha ricevuto tra 995,776 e 1,001,229 voti a favore, con 2,713,111 broker non-votes registrati per queste elezioni.

Gli azionisti hanno inoltre ratificato Bush & Associates CPA LLC come societ脿 di revisione contabile indipendente registrata ( 3,500,203 favorevoli; 461,100 contrari; 52,205 astenuti), hanno approvato il voto consultivo sulla retribuzione degli amministratori (975,360 favorevoli; 317,871 contrari; 7,166 astenuti; 2,713,111 broker non-votes) e hanno approvato le modifiche al 2023 Stock Incentive Plan e al 2021 Employee Stock Purchase Plan secondo i risultati di voto riportati.

BIO-key International celebr贸 su Junta Anual el 8 de agosto de 2025, donde los accionistas eligieron a cinco directores 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia y Cameron E. Williams 鈥� cada uno recibiendo entre 995,776 y 1,001,229 votos a favor, con 2,713,111 broker non-votes registrados en esas elecciones.

Los accionistas tambi茅n ratificaron a Bush & Associates CPA LLC como la firma de contabilidad p煤blica registrada independiente de la compa帽铆a (3,500,203 a favor; 461,100 en contra; 52,205 abstenciones), aprobaron la votaci贸n consultiva sobre la compensaci贸n ejecutiva (975,360 a favor; 317,871 en contra; 7,166 abstenciones; 2,713,111 broker non-votes), y aprobaron enmiendas al 2023 Stock Incentive Plan y al 2021 Employee Stock Purchase Plan seg煤n los totales de voto informados.

BIO-key International鞚� 2025雲� 8鞗� 8鞚� 鞐半 欤检＜齑濏殞毳� 臧滌禍頄堨溂氅�, 欤检＜霌れ潃 雼れ劘 氇呾潣 鞚挫偓 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia 氚� Cameron E. Williams 鈥� 毳� 靹犾瀯頄堨姷雼堧嫟. 臧� 鞚挫偓電� 995,776鞐愳劀 1,001,229 靷澊鞚� 彀劚響滊ゼ 氚涭晿瓿�, 頃措嫻 靹犼卑鞐愲姅 2,713,111 broker non-votes臧� 旮半霅橃棃鞀惦媹雼�.

欤检＜霌れ潃 霕愴暅 Bush & Associates CPA LLC毳� 須岇偓鞚� 霃呺 霌彪 瓿奠澑須岅硠氩曥澑鞙茧 鞀轨澑(彀劚 3,500,203; 氚橂寑 461,100; 旮瓣秾 52,205)頄堨溂氅�, 瓴届榿歆� 氤挫垬鞐� 雽�頃� 甓岅碃鞝� 韴憸毳� 鞀轨澑(彀劚 975,360; 氚橂寑 317,871; 旮瓣秾 7,166; 2,713,111 broker non-votes)頃橁碃, 氤搓碃霅� 韴憸靾橃棎 霐半澕 2023 欤检嫕 鞚胳劶韹半笇 頂岆灉 氚� 2021 歆侅洂 欤检嫕 毵れ瀰 瓿勴殟鞐� 雽�頃� 靾橃爼鞎堧弰 鞀轨澑頄堨姷雼堧嫟.

BIO-key International a tenu son assembl茅e g茅n茅rale annuelle le 8 ao没t 2025, lors de laquelle les actionnaires ont 茅lu cinq administrateurs 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia et Cameron E. Williams 鈥� chacun obtenant entre 995,776 et 1,001,229 voix en faveur, avec 2,713,111 broker non-votes enregistr茅s pour ces 茅lections.

Les actionnaires ont 茅galement ratifi茅 Bush & Associates CPA LLC en tant que cabinet d'expertise comptable ind茅pendant enregistr茅 de la soci茅t茅 (3,500,203 pour; 461,100 contre; 52,205 abstentions), approuv茅 le vote consultatif sur la r茅mun茅ration des dirigeants (975,360 pour; 317,871 contre; 7,166 abstentions; 2,713,111 broker non-votes), et approuv茅 des modifications du 2023 Stock Incentive Plan et du 2021 Employee Stock Purchase Plan selon les totaux de votes rapport茅s.

BIO-key International hielt seine Jahreshauptversammlung am 8. August 2025 ab, bei der die Aktion盲re f眉nf Direktoren w盲hlten 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia und Cameron E. Williams 鈥� wobei jeder zwischen 995,776 und 1,001,229 Stimmen f眉r sich verzeichnete und bei diesen Wahlen 2,713,111 Broker-Non-Votes registriert wurden.

Die Aktion盲re best盲tigten au脽erdem Bush & Associates CPA LLC als unabh盲ngige, eingetragene Wirtschaftspr眉fungsgesellschaft des Unternehmens (3,500,203 诲补蹿眉谤; 461,100 dagegen; 52,205 Enthaltungen), stimmten der beratenden Abstimmung zur Gesch盲ftsf眉hrungsverg眉tung zu (975,360 诲补蹿眉谤; 317,871 dagegen; 7,166 Enthaltungen; 2,713,111 Broker-Non-Votes) und genehmigten 脛nderungen des 2023 Stock Incentive Plan und des 2021 Employee Stock Purchase Plan entsprechend den berichteten Abstimmungsergebnissen.

Positive
  • Five directors elected to one-year terms with clear majority support among votes cast (each between 995,776 and 1,001,229 votes for).
  • Auditor ratified: Bush & Associates CPA LLC approved with 3,500,203 votes in favor.
  • Advisory approval of executive compensation passed and two equity plan amendments (2023 Stock Incentive Plan and 2021 ESPP) were approved.
Negative
  • Large broker non-votes (2,713,111) recorded on multiple proposals reduced the number of shares that cast a vote on those items.
  • Notable opposition/withheld votes on certain items: 461,100 votes against auditor ratification and 317,871 votes against the advisory executive compensation proposal.

Insights

TL;DR Routine director elections and plan approvals passed, but a large volume of broker non-votes limited the voting universe on several proposals.

The five nominee directors were elected with roughly 995k鈥�1.00M votes in favor each, while 2,713,111 broker non-votes appear on multiple items, meaning many shares held by brokers did not return a vote on those proposals. The advisory executive compensation vote and equity plan amendments were approved, reflecting majority support among shares voted. These outcomes are standard annual-meeting actions but the concentration of broker non-votes is a governance datapoint worth noting for shareholder engagement analysis.

TL;DR Auditor ratification passed decisively, though a measurable minority opposed the selection.

Shareholders ratified Bush & Associates CPA LLC as the independent auditor with 3,500,203 votes for versus 461,100 against and 52,205 abstentions. While the for vote is strong in absolute terms, the dissent of >460k shares is notable as part of the overall voting record. Advisory approval of executive compensation also passed with 975,360 for and 317,871 against. These are material governance outcomes for year-ahead audit and pay oversight.

BIO-key International ha tenuto la sua Assemblea Annuale l'8 agosto 2025, durante la quale gli azionisti hanno eletto cinque amministratori 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia e Cameron E. Williams 鈥� ciascuno dei quali ha ricevuto tra 995,776 e 1,001,229 voti a favore, con 2,713,111 broker non-votes registrati per queste elezioni.

Gli azionisti hanno inoltre ratificato Bush & Associates CPA LLC come societ脿 di revisione contabile indipendente registrata ( 3,500,203 favorevoli; 461,100 contrari; 52,205 astenuti), hanno approvato il voto consultivo sulla retribuzione degli amministratori (975,360 favorevoli; 317,871 contrari; 7,166 astenuti; 2,713,111 broker non-votes) e hanno approvato le modifiche al 2023 Stock Incentive Plan e al 2021 Employee Stock Purchase Plan secondo i risultati di voto riportati.

BIO-key International celebr贸 su Junta Anual el 8 de agosto de 2025, donde los accionistas eligieron a cinco directores 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia y Cameron E. Williams 鈥� cada uno recibiendo entre 995,776 y 1,001,229 votos a favor, con 2,713,111 broker non-votes registrados en esas elecciones.

Los accionistas tambi茅n ratificaron a Bush & Associates CPA LLC como la firma de contabilidad p煤blica registrada independiente de la compa帽铆a (3,500,203 a favor; 461,100 en contra; 52,205 abstenciones), aprobaron la votaci贸n consultiva sobre la compensaci贸n ejecutiva (975,360 a favor; 317,871 en contra; 7,166 abstenciones; 2,713,111 broker non-votes), y aprobaron enmiendas al 2023 Stock Incentive Plan y al 2021 Employee Stock Purchase Plan seg煤n los totales de voto informados.

BIO-key International鞚� 2025雲� 8鞗� 8鞚� 鞐半 欤检＜齑濏殞毳� 臧滌禍頄堨溂氅�, 欤检＜霌れ潃 雼れ劘 氇呾潣 鞚挫偓 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia 氚� Cameron E. Williams 鈥� 毳� 靹犾瀯頄堨姷雼堧嫟. 臧� 鞚挫偓電� 995,776鞐愳劀 1,001,229 靷澊鞚� 彀劚響滊ゼ 氚涭晿瓿�, 頃措嫻 靹犼卑鞐愲姅 2,713,111 broker non-votes臧� 旮半霅橃棃鞀惦媹雼�.

欤检＜霌れ潃 霕愴暅 Bush & Associates CPA LLC毳� 須岇偓鞚� 霃呺 霌彪 瓿奠澑須岅硠氩曥澑鞙茧 鞀轨澑(彀劚 3,500,203; 氚橂寑 461,100; 旮瓣秾 52,205)頄堨溂氅�, 瓴届榿歆� 氤挫垬鞐� 雽�頃� 甓岅碃鞝� 韴憸毳� 鞀轨澑(彀劚 975,360; 氚橂寑 317,871; 旮瓣秾 7,166; 2,713,111 broker non-votes)頃橁碃, 氤搓碃霅� 韴憸靾橃棎 霐半澕 2023 欤检嫕 鞚胳劶韹半笇 頂岆灉 氚� 2021 歆侅洂 欤检嫕 毵れ瀰 瓿勴殟鞐� 雽�頃� 靾橃爼鞎堧弰 鞀轨澑頄堨姷雼堧嫟.

BIO-key International a tenu son assembl茅e g茅n茅rale annuelle le 8 ao没t 2025, lors de laquelle les actionnaires ont 茅lu cinq administrateurs 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia et Cameron E. Williams 鈥� chacun obtenant entre 995,776 et 1,001,229 voix en faveur, avec 2,713,111 broker non-votes enregistr茅s pour ces 茅lections.

Les actionnaires ont 茅galement ratifi茅 Bush & Associates CPA LLC en tant que cabinet d'expertise comptable ind茅pendant enregistr茅 de la soci茅t茅 (3,500,203 pour; 461,100 contre; 52,205 abstentions), approuv茅 le vote consultatif sur la r茅mun茅ration des dirigeants (975,360 pour; 317,871 contre; 7,166 abstentions; 2,713,111 broker non-votes), et approuv茅 des modifications du 2023 Stock Incentive Plan et du 2021 Employee Stock Purchase Plan selon les totaux de votes rapport茅s.

BIO-key International hielt seine Jahreshauptversammlung am 8. August 2025 ab, bei der die Aktion盲re f眉nf Direktoren w盲hlten 鈥� Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia und Cameron E. Williams 鈥� wobei jeder zwischen 995,776 und 1,001,229 Stimmen f眉r sich verzeichnete und bei diesen Wahlen 2,713,111 Broker-Non-Votes registriert wurden.

Die Aktion盲re best盲tigten au脽erdem Bush & Associates CPA LLC als unabh盲ngige, eingetragene Wirtschaftspr眉fungsgesellschaft des Unternehmens (3,500,203 诲补蹿眉谤; 461,100 dagegen; 52,205 Enthaltungen), stimmten der beratenden Abstimmung zur Gesch盲ftsf眉hrungsverg眉tung zu (975,360 诲补蹿眉谤; 317,871 dagegen; 7,166 Enthaltungen; 2,713,111 Broker-Non-Votes) und genehmigten 脛nderungen des 2023 Stock Incentive Plan und des 2021 Employee Stock Purchase Plan entsprechend den berichteten Abstimmungsergebnissen.

false 0001019034 0001019034 2025-08-08 2025-08-08
 
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): August 8, 2025
 
BIO-key International, Inc.
(Exact name of registrant as specified in its charter)
     
Delaware
(State or other jurisdiction of incorporation)
1-13463
(Commission File Number)
41-1741861
(I.R.S. Employer Identification No.)
 
101 CRAWFORDS CORNER ROAD, SUITE 4116,
HOLMDEL, NJ 07733
 
(Address of principal executive offices) (Zip Code)
 
 
(732) 359-1100
(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 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 BKYI  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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
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.
 
BIO-key International, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) on Friday, August 8, 2025. All holders of record of the Company’s common stock outstanding as of the close of business on June 20, 2025 were entitled to vote at the Annual Meeting. At the Annual Meeting, stockholders approved the proposals set forth below. Each of the proposals is more fully described in the Company’s definitive proxy statement, which was filed with the Securities and Exchange Commission on June 27, 2025.
 
1.         Proposal to elect the following nominees to serve as members of the Company’s board of directors for a one-year term: Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia, and Cameron E. Williams. Each of the nominees were elected and the final voting results were as follows:
 
Name
  
Votes For
    
Withheld
    
Broker Non-Votes
  
                   
Michael DePasquale
   1,000,092     300,305     2,713,111  
Wong Kwok Fong (Kelvin)
   995,776     304,621     2,713,111  
Robert J. Michel
   1,001,229     299,168     2,713,111  
Emmanuel Alia
   996,098     304,299     2,713,111  
Cameron E. Williams
   1,001,119     299,278     2,713,111  
 
2.          Proposal to ratify the selection of Bush & Associates CPA LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2025. The proposal was approved and the final voting results were as follows:
 
Votes For
    
Votes Against
    
Abstentions
    
Broker Non-Votes
  
3,500,203     461,100     52,205     0  
 
3.          Proposal to approve, on a non-binding and advisory basis, the compensation paid to the Company’s named executive officers.  The proposal was approved and the final voting results were as follows:
 
Votes For
    
Votes Against
    
Abstentions
    
Broker Non-Votes
  
975,360     317,871     7,166     2,713,111  
 
4.          Proposal to approve an amendment to the BIO-key International, Inc. 2023 Stock Incentive Plan. The proposal was approved and the final voting results were as follows:
 
Votes For
    
Votes Against
    
Abstentions
    
Broker Non-Votes
  
984,898     306,548     8,951       2,713,111  
 
5.          Proposal to approve an amendment to the BIO-key International, Inc. 2021 Employee Stock Purchase Plan. The proposal was approved and the final voting results were as follows:
 
Votes For
    
Votes Against
    
Abstentions
    
Broker Non-Votes
  
1,024,119     269,561     6,717     2,713,111  
 
 
 
 
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.
 
 
BIO-KEY INTERNATIONAL, INC.
  
Date: August 13, 2025
      
 
By:
/s/ Cecilia C. Welch
  
   
Cecilia C. Welch
  
   
Chief Financial Officer
  
 
 

Source:

FAQ

Who was elected to the BIO-key (BKYI) board at the 2025 Annual Meeting?

Shareholders elected Michael W. DePasquale, Wong Kwok Fong (Kelvin), Robert J. Michel, Emmanuel Alia and Cameron E. Williams to one-year terms.

Was the independent auditor for BIO-key (BKYI) ratified by shareholders?

Yes. Shareholders ratified Bush & Associates CPA LLC as the company's independent registered public accounting firm with 3,500,203 votes for.

What were the results of the advisory vote on executive compensation (BKYI)?

The advisory compensation proposal was approved with 975,360 votes for, 317,871 against, and 7,166 abstentions; there were 2,713,111 broker non-votes.

Did BIO-key (BKYI) approve amendments to its equity plans?

Yes. Shareholders approved amendments to the 2023 Stock Incentive Plan and the 2021 Employee Stock Purchase Plan; vote totals were reported in the filing.

How many broker non-votes were recorded at the meeting?

The filing reports 2,713,111 broker non-votes on several proposals, including director elections and equity-related items.

Were there significant votes withheld or against any proposals?

Yes. Examples include 461,100 votes against auditor ratification and 317,871 votes against the advisory executive compensation proposal.
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Bio-Key Intl Inc

NASDAQ:BKYI

BKYI Rankings

#6247 Ranked by Market Cap
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[Form 4] BIO-key International, Inc. Insider Trading Activity
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[Form 4] BIO-key International, Inc. Insider Trading Activity

BKYI Stock Data

5.32M
5.74M
15.79%
8.05%
1.87%
Security & Protection Services
Services-prepackaged Software
United States
HOLMDEL