Form 8-K
8-K — Fabric.AI, Inc.
Accession: 0001493152-26-030157
Filed: 2026-06-25
Period: 2026-06-18
CIK: 0001086745
SIC: 4899 (COMMUNICATION SERVICES, NEC)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
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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): June 18, 2026
Fabric.AI,
Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
001-34643
98-0204758
(State
or other jurisdiction
of
incorporation)
(Commission
File
No.)
(IRS
Employer
Identification
No.)
Fabric.AI,
Inc.
1185
Avenue of the Americas
New
York, NY 10036
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: 512-994-4917
N/A
(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
Common
stock, par value $0.0001 per share
FABC
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
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Incentive
Plan Amendment
On
June 18, 2026, Fabric.AI, Inc. (the “Company”) held its 2026 annual meeting of stockholders (the “Annual Meeting”).
At the Company’s Annual Meeting, the Company’s stockholders approved the fifth amendment (the “Incentive Plan Amendment”)
to the Fabric.AI, Inc. Long-Term Incentive Plan, as amended (the “Incentive Plan”), to increase the aggregate number of shares
of common stock, par value $0.0001 per share (the “Common Stock”), available for the grant of awards under the Incentive
Plan by 4,600,000, to a total of 5,000,000 shares of Common Stock.
For
more information about the Incentive Plan Amendment, see the Company’s definitive proxy statement on Schedule 14A filed with the
Securities and Exchange Commission on June 1, 2026 (the “Proxy Statement”), the relevant portions of which are incorporated
herein by reference. The foregoing description of the Incentive Plan Amendment does not purport to be complete and is qualified in its
entirety by reference to the complete text of the Incentive Plan Amendment, a copy of which is filed as Exhibit 10.1 to this Current
Report on Form 8-K and is incorporated by reference herein.
Item
5.07 Submission of Matters to a Vote of Security Holders.
On
June 18, 2026, the Company held the Annual Meeting. As of the close of business on April 22, 2026, the record date for the Annual Meeting,
there were (i) 1,455,975 shares of Common Stock outstanding and entitled to an aggregate of 1,455,975 votes, (ii) 50 shares of Series
H-6 Convertible Preferred Stock, par value $0.0001 per share (“Series H-6 Preferred Stock”), outstanding and entitled to
an aggregate of 110 votes, (iii) 1,180 shares of Series H-7 Convertible Preferred Stock, par value $0.0001 per share (“Series H-7
Preferred Stock”), outstanding and entitled to an aggregate of 12,806 votes, and (iv) 7,000 shares of Series I Convertible Preferred
Stock, par value $0.0001 per share (“Series I Preferred Stock”), outstanding and entitled to an aggregate of 645,041 votes
after the application of the limitation on voting rights and the beneficial ownership limitations pursuant to the terms of the Series
I Preferred Stock as set forth in the certificate of designations for the Series I Preferred Stock, in each case, constituting all of
the eligible securities entitled to vote on the proposals described below. Holders of the Company’s Common Stock, Series H-6 Preferred
Stock, Series H-7 Preferred Stock and Series I Preferred Stock with a total aggregate voting power of 1,455,975 votes were present in
person or represented by proxy at the Annual Meeting.
At
the Annual Meeting, the proposals set forth below were submitted to a vote of the Company’s stockholders. Each proposal is described
in detail in the Company’s Proxy Statement. All proposals were approved by the Company’s stockholders. There were no broker-non-votes
for any of the proposals presented at the Annual Meeting.
The
final voting results are as follows:
1.
Election
of five directors to serve on the Company’s board of directors for a term of one year or until their successors are elected
and qualified, for which the following are nominees: Joshua Silverman, Wayne R. Walker, Sebastian Giordano, Zvi Joseph, and Greg
Schiffman:
Nominee
Votes For
Votes Withheld
Joshua Silverman
766,032
4,774
Wayne R. Walker
766,312
4,494
Sebastian Giordano
763,493
7,313
Zvi Joseph
763,471
7,335
Greg Schiffman
764,405
6,401
2.
Approval
of, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of shares of Common Stock (A) underlying (i) shares
of Series K convertible preferred stock, par value $0.0001 per share (the “Series K Preferred Stock”) and warrants (the
“Investor Warrants”) issued to investors pursuant to the terms of that certain Securities Purchase Agreement, dated as
of April 27, 2026, by and among the Company and the investors party thereto, (ii) warrants issued pursuant to the terms of that certain
engagement letter, dated April 23, 2026, between the Company and GP Nurmenkari Inc. (the “Placement Agent Warrants”),
(iii) shares of Series J convertible preferred stock, par value $0.0001 per share (the “Series J Preferred Stock”), issued
pursuant to that certain Joint Development and License Agreement, dated as of April 27, 2026, by and among the Company and Kopin
Corporation (“Kopin”), (iv) warrants issued pursuant to the terms of that certain amended and restated consulting agreement,
dated as of April 27, 2026, by and among the Company and JD Advisors, LLC (the “Consulting Warrants”), and (v) warrants
issued pursuant to the terms of that certain omnibus waiver, consent, notice and amendment agreement, dated April 27, 2026, by and
among the Company and the holders of Series H-7 Preferred Stock and Series I Preferred Stock (the “Waiver Warrants” and,
together with the Investor Warrants, Placement Agent Warrants and Consulting Warrants, the “Warrants”), in an amount
equal to or in excess of 20% of the Common Stock outstanding immediately prior to the issuance of such Series K Preferred Stock,
Series J Preferred Stock and Warrants (including any issuance of shares of Common Stock upon the operation of anti-dilution
provisions applicable to the Series K Preferred Stock, Series J Preferred Stock and Warrants in accordance with their terms):
For
Against
Abstain
749,771
16,235
4,800
3.
Ratification
of the appointment of Stephano Slack LLC as the Company’s independent registered public accounting firm for the fiscal year
ending December 31, 2026:
For
Against
Abstain
769,211
1,277
318
4.
Approval
of the Incentive Plan Amendment, to increase the total number of shares of the Common Stock authorized for issuance under the Incentive
Plan by 4,600,000, to a total of 5,000,000 shares:
For
Against
Abstain
746,560
23,549
697
5.
Approval
of, on a non-binding advisory basis, the compensation of the Company’s named executive officers:
For
Against
Abstain
752,517
15,779
2,510
6.
Approval
of, on a non-binding advisory basis, the frequency of future advisory votes on the compensation paid to the Company’s named
executive officers (the “Say on Frequency Proposal”):
Three Years
Two Years
One Year
Abstain
695,109
10,378
15,431
49,888
7.
Approval
of a proposal to adjourn the Annual Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation
and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any one
or more of the proposals presented at the Annual Meeting:
For
Against
Abstain
750,376
18,180
2,250
The
proposals described above were acted upon by the Company’s stockholders at the Annual Meeting. For more information about the foregoing
proposals, see the Proxy Statement, the relevant portions of which are incorporated herein by reference. The results reported above are
final voting results. No other matters were considered or voted upon at the Annual Meeting.
Say
on Frequency
On
June 25, 2026, the Company’s board of directors considered the outcome of the advisory vote on the Say on Frequency Proposal
and determined that future advisory votes on the compensation of our named executive officers will be conducted every three years. The
Company’s board of directors will re-evaluate this determination after the next stockholder advisory vote on the frequency of advisory
votes on the compensation of our named executive officers (which will be at the 2032 Annual Meeting of Stockholders, unless presented
earlier).
Item
9.01.
Financial
Statements and Exhibits.
(d)
Exhibits.
Exhibit
Number
Description
10.1
Fifth Amendment to the Fabric.AI, Inc. Long-Term Incentive Plan
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.
FABRIC.AI,
INC.
Date:
June 25, 2026
By:
/s/
Joshua Silverman
Joshua
Silverman
Chief
Executive Officer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
FIFTH
AMENDMENT TO
FABRIC.AI,
INC. 2020 LONG-TERM INCENTIVE PLAN
This
FIFTH AMENDMENT TO FABRIC.AI, INC. 2020 LONG-TERM INCENTIVE PLAN (this “Amendment”), effective as of June 18,
2026, is made and entered into by Fabric.AI, Inc., a Delaware corporation (the “Company”). Terms used in this
Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Fabric.AI,
Inc. Long-Term Incentive Plan, as amended (collectively, the “Plan”).
RECITALS
WHEREAS,
Article 9 of the Plan provides that the Board of Directors of the Company (the “Board”) may amend the Plan
at any time and from time to time;
WHEREAS,
the Board desires to amend the Plan to increase the aggregate number of shares of Common Stock that may be issued under the Plan, as
set forth in Article 5 of the Plan, by an additional 4,600,000 shares of Common Stock; and
WHEREAS,
the Board intends to submit this Amendment to the Company’s stockholders for their approval.
NOW,
THEREFORE, in accordance with Article 9 of the Plan, the Company hereby amends the Plan as follows:
1.
Section
5.1 of the Plan is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following new Section
5.1:
5.1
Number Available for Awards. Subject to adjustment as provided in Articles 11 and 12, the maximum number of shares of Common Stock
that may be delivered pursuant to Awards granted under the Plan is five million (5,000,000) shares, of which one hundred percent (100%)
may be delivered pursuant to Incentive Stock Options. Shares to be issued may be made available from authorized but unissued Common Stock,
Common Stock held by the Company in its treasury, or Common Stock purchased by the Company on the open market or otherwise. During the
term of the Plan, the Company will at all times reserve and keep available the number of shares of Common Stock that shall be sufficient
to satisfy the requirements of the Plan.
2.
Except
as expressly amended by this Amendment, the Plan shall continue in full force and effect in accordance with the provisions thereof.
[Signature
page follows.]
IN
WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the date first written
above.
FABRIC.AI,
INC.
By:
/s/
Josua Silverman
Name:
Joshua
Silverman
Title:
Chief
Executive Officer
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