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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): January 23, 2025

 

KURA SUSHI USA, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

001-39012

26-3808434

(State or other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

17461 Derian Avenue, Suite 200

Irvine, California

 

92614

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (657) 333-4100

(Former name or former address if changed since last report.)

 

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

Class A Common Stock, par value $0.001 per share

KRUS

The Nasdaq Stock Market LLC

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 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Kura Sushi USA, Inc. (the “Company”) was held at the offices of the Company at 17461 Derian Avenue, Suite 200, Irvine, CA 92614 on January 23, 2025, at 10:00 a.m. Pacific Time. Stockholders considered four proposals at the meeting, which are described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) filed with the Securities and Exchange Commission on December 11, 2024.

 

At the beginning of the Annual Meeting, there were 10,106,384 shares of Class A common stock and 1,000,050 shares of Class B common stock present at the Annual Meeting in person or by proxy, which represented 95.5% of the combined voting power of the shares of Class A common stock and Class B common stock entitled to vote at the Annual Meeting (voting together as a single class), and which constituted a quorum for the transaction of business. Holders of the Company’s Class A common stock were entitled to one vote for each share held as of the close of business on November 26, 2024 (the “Record Date”), and holders of the Company’s Class B common stock were entitled to ten votes for each share held as of the Record Date.

 

The final voting results are reported below.

 

Proposal One: Election of five directors, including Shintaro Asako, Treasa Bowers, Kim Ellis, Carin L. Stutz and Hajime Uba to serve for a term until the 2026 annual meeting of stockholders.

 

The Company’s stockholders elected each of the five nominees for director, and the voting results are set forth below:

 

Name

 

For

 

Against

 

Abstain

 

Broker Non-Votes

Shintaro Asako

 

17,911,132

 

1,684,771

 

13,471

 

497,510

Treasa Bowers

 

19,294,926

 

300,910

 

13,538

 

497,510

Kim Ellis

 

19,575,473

 

20,352

 

13,549

 

497,510

Carin L. Stutz

 

17,565,219

 

2,030,601

 

13,554

 

497,510

Hajime Uba

 

19,531,203

 

64,699

 

13,472

 

497,510

 

Proposal Two: Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending on August 31, 2025.

 

The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending on August 31, 2025, and the voting results are set forth below:

 

For

 

Against

 

Abstain

20,100,647

 

1,332

 

4,905

 

Proposal Three: Approval, on an advisory basis, of named executive officer compensation.

 

The Company’s stockholders gave advisory approval of the compensation of the Company’s named executive officers, and the voting results are set forth below:
 

For

 

Against

 

Abstain

 

Broker Non-Votes

19,386,397

 

217,187

 

5,790

 

497,510

 

Proposal Four: Recommendation, on a non-binding basis, of the voting frequency of non-binding approval of named executive officer compensation.

 

The Company’s stockholders gave advisory approval of setting the frequency of future advisory votes on named executive compensation at one year, and the voting results are set forth below:
 

 

One Year

 

Two Years

 

Three Years

 

Abstain

19,590,754

 

208

 

15,194

 

3,218

 

 

 


 

Item 8.01 Other Events.

On January 23, 2025, the board of directors of the Company adopted a form of performance restricted stock unit award notice and award agreement for performance restricted stock unit awards to be granted under the Company’s 2018 Incentive Compensation Plan. A copy of the agreement is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

   Description

10.1

 

Form of Performance Restricted Stock Unit Award Notice and Award Agreement

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 


 

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.

 

 

 

 

KURA SUSHI USA, INC.

 

 

 

 

 

 

 

 

 

 

Date

 January 24, 2025

 

By:

/s/ Jeffrey Uttz

 

 

 

Name:

Jeffrey Uttz

 

 

 

Title:

Chief Financial Officer