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[6-K] Primech Holdings Ltd. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Primech Holdings (Nasdaq: PMEC) filed a Form 6-K detailing the outcomes of its 19 June 2025 Extraordinary General Meeting (EGM). Of the 38,417,987 ordinary shares outstanding on the 2 May 2025 record date, roughly 33.8 million votes (about 88% participation) were cast, and all three management resolutions passed by an overwhelming margin.

Key approvals:

  • 2025 Employee Incentive Plan â€� 33,801,693 For, 33,447 Against, 2,800 Abstain.
  • 1-for-6 Share Consolidation â€� 33,822,210 For, 12,930 Against, 2,800 Abstain. The board may implement the reverse split within 12 months; post-split share count is expected to fall from 38.4 million to roughly 6.4 million.
  • Share Buyback Mandate â€� 33,829,525 For, 5,615 Against, 2,800 Abstain. Directors may repurchase shares on Nasdaq within limits set by Singapore Companies Act Â§76E and Nasdaq rules.

The resolutions give management significant flexibility to reshape the capital structure: the reverse split can raise the per-share price (supporting Nasdaq compliance) while the buyback authority allows opportunistic capital returns. The new incentive plan permits equity-based compensation aligned with the post-split share base.

No financial statements, risk factors or legal proceedings accompanied this report; the disclosure is confined to shareholder voting results and authorised corporate actions.

Primech Holdings (Nasdaq: PMEC) ha presentato un modulo 6-K che dettaglia i risultati della sua Assemblea Straordinaria del 19 giugno 2025. Su 38.417.987 azioni ordinarie in circolazione alla data di registrazione del 2 maggio 2025, sono stati espressi circa 33,8 milioni di voti (circa l'88% di partecipazione), e tutte e tre le risoluzioni proposte dalla direzione sono state approvate con un margine schiacciante.

Approvazioni principali:

  • Piano di Incentivi per i Dipendenti 2025 â€� 33.801.693 voti a favore, 33.447 contrari, 2.800 astenuti.
  • Consolidamento azionario 1 per 6 â€� 33.822.210 voti a favore, 12.930 contrari, 2.800 astenuti. Il consiglio potrà attuare la divisione inversa entro 12 mesi; il numero di azioni dopo la divisione dovrebbe passare da 38,4 milioni a circa 6,4 milioni.
  • Mandato per il riacquisto di azioni â€� 33.829.525 voti a favore, 5.615 contrari, 2.800 astenuti. I direttori potranno riacquistare azioni sul Nasdaq entro i limiti stabiliti dalla Sezione 76E della Singapore Companies Act e dalle regole del Nasdaq.

Le risoluzioni conferiscono alla direzione una notevole flessibilità per ristrutturare la struttura del capitale: la divisione inversa può aumentare il prezzo per azione (favorendo la conformità al Nasdaq), mentre l'autorità di riacquisto consente ritorni di capitale opportunistici. Il nuovo piano di incentivi permette una compensazione basata su azioni adeguata alla base azionaria post-divisione.

Il rapporto non include bilanci, fattori di rischio o procedimenti legali; la comunicazione si limita ai risultati delle votazioni degli azionisti e alle azioni societarie autorizzate.

Primech Holdings (Nasdaq: PMEC) presentó un Formulario 6-K detallando los resultados de su Junta General Extraordinaria del 19 de junio de 2025. De las 38,417,987 acciones ordinarias en circulación a la fecha de registro del 2 de mayo de 2025, se emitieron aproximadamente 33.8 millones de votos (alrededor del 88% de participación), y las tres resoluciones de la administración fueron aprobadas por un amplio margen.

Aprobaciones clave:

  • Plan de Incentivos para Empleados 2025 â€� 33,801,693 votos a favor, 33,447 en contra, 2,800 abstenciones.
  • Consolidación de acciones 1 por 6 â€� 33,822,210 votos a favor, 12,930 en contra, 2,800 abstenciones. La junta puede implementar la división inversa dentro de 12 meses; se espera que el número de acciones post-división disminuya de 38.4 millones a aproximadamente 6.4 millones.
  • Mandato de recompra de acciones â€� 33,829,525 votos a favor, 5,615 en contra, 2,800 abstenciones. Los directores pueden recomprar acciones en Nasdaq dentro de los límites establecidos por la Sección 76E de la Ley de Sociedades de Singapur y las normas de Nasdaq.

Las resoluciones otorgan a la administración una flexibilidad significativa para remodelar la estructura de capital: la división inversa puede aumentar el precio por acción (apoyando el cumplimiento en Nasdaq), mientras que la autoridad de recompra permite retornos de capital oportunistas. El nuevo plan de incentivos permite una compensación basada en acciones alineada con la base accionaria post-división.

No se acompañaron estados financieros, factores de riesgo ni procedimientos legales en este informe; la divulgación se limita a los resultados de la votación de los accionistas y a las acciones corporativas autorizadas.

Primech Holdings (나스ë‹�: PMEC)ëŠ� 2025ë…� 6ì›� 19ì� 임시주주ì´íšŒ ê²°ê³¼ë¥� ìƒì„¸íž� ë‹´ì€ Form 6-Kë¥� 제출했습니다. 2025ë…� 5ì›� 2ì� 기준ì¼ì— 발행ë� 38,417,987ì£¼ì˜ ë³´í†µì£� ì¤� ì•� 3,380ë§� í‘�(ì•� 88% 참여ìœ�)ê°€ 행사ë˜ì—ˆìœ¼ë©°, ê²½ì˜ì§„ì´ ì œì•ˆí•� ì„� 가지 ê²°ì˜ì•� ëª¨ë‘ ì••ë„ì ì¸ 찬성으로 통과ë˜ì—ˆìŠµë‹ˆë‹�.

주요 ìŠ¹ì¸ ì‚¬í•­:

  • 2025ë…� ì§ì› ì¸ì„¼í‹°ë¸Œ 플랜 â€� 찬성 33,801,693í‘�, 반대 33,447í‘�, 기권 2,800í‘�.
  • 1대 6 ì£¼ì‹ ë³‘í•© â€� 찬성 33,822,210í‘�, 반대 12,930í‘�, 기권 2,800í‘�. ì´ì‚¬íšŒëŠ” 12개월 ì´ë‚´ì—� ì—­ë³‘í•©ì„ ì‹œí–‰í•� ìˆ� 있으ë©�, 병합 í›� ì£¼ì‹ ìˆ˜ëŠ” ì•� 3840ë§� 주ì—ì„� ì•� 640ë§� 주로 줄어ë“� 것으ë¡� 예ìƒë©ë‹ˆë‹�.
  • ìžì‚¬ì£� 매입 권한 â€� 찬성 33,829,525í‘�, 반대 5,615í‘�, 기권 2,800í‘�. ì´ì‚¬ë“¤ì€ 싱가í¬ë¥´ 회사ë²� §76E ë°� 나스ë‹� 규정 ë‚´ì—ì„� 나스ë‹� ìƒì—ì„� 주ì‹ì� 재매입할 ìˆ� 있습니다.

ì� ê²°ì˜ì•ˆë“¤ì€ ê²½ì˜ì§„ì—ê²� ìžë³¸ 구조ë¥� 재구성할 ìˆ� 있는 ìƒë‹¹í•� ìœ ì—°ì„±ì„ ì œê³µí•©ë‹ˆë‹�: ì—­ë³‘í•©ì€ ì£¼ë‹¹ ê°€ê²©ì„ ë†’ì—¬ 나스ë‹� 규정 준수를 ì§€ì›í•˜ë©�, ìžì‚¬ì£� 매입 ê¶Œí•œì€ ê¸°íšŒì—� 맞춘 ìžë³¸ 환ì›ì� 가능하ê²� 합니ë‹�. 새로ìš� ì¸ì„¼í‹°ë¸Œ í”Œëžœì€ ë³‘í•© í›� ì£¼ì‹ ê¸°ë°˜ì—� 맞춘 ì£¼ì‹ ë³´ìƒ ì²´ê³„ë¥� 허용합니ë‹�.

ì� 보고서ì—ëŠ� 재무제표, 위험 ìš”ì¸ ë˜ëŠ” ë²•ì  ì ˆì°¨ê°€ í¬í•¨ë˜ì–´ 있지 않으ë©�, 공개 ë‚´ìš©ì€ ì£¼ì£¼ 투표 결과와 승ì¸ë� 기업 조치ì—� 한정ë˜ì–´ 있습니다.

Primech Holdings (Nasdaq : PMEC) a déposé un formulaire 6-K détaillant les résultats de son Assemblée Générale Extraordinaire du 19 juin 2025. Sur les 38 417 987 actions ordinaires en circulation à la date d'enregistrement du 2 mai 2025, environ 33,8 millions de votes (soit environ 88 % de participation) ont été exprimés, et les trois résolutions proposées par la direction ont été adoptées à une large majorité.

Approbations clés :

  • Plan d'incitation pour les employés 2025 â€� 33 801 693 votes pour, 33 447 contre, 2 800 abstentions.
  • Regroupement d'actions au ratio 1 pour 6 â€� 33 822 210 votes pour, 12 930 contre, 2 800 abstentions. Le conseil peut mettre en Å“uvre cette division inversée dans un délai de 12 mois ; le nombre d'actions après regroupement devrait passer de 38,4 millions à environ 6,4 millions.
  • Mandat de rachat d'actions â€� 33 829 525 votes pour, 5 615 contre, 2 800 abstentions. Les administrateurs peuvent racheter des actions sur le Nasdaq dans les limites fixées par la Section 76E de la loi sur les sociétés de Singapour et les règles du Nasdaq.

Ces résolutions offrent à la direction une grande flexibilité pour restructurer la structure du capital : la division inversée peut augmenter le prix par action (favorisant la conformité au Nasdaq), tandis que le mandat de rachat permet des retours de capital opportunistes. Le nouveau plan d'incitation autorise une rémunération basée sur des actions alignée sur la base d'actions après regroupement.

Aucun états financiers, facteurs de risque ou procédures judiciaires n'accompagnent ce rapport ; la divulgation se limite aux résultats des votes des actionnaires et aux actions d'entreprise autorisées.

Primech Holdings (Nasdaq: PMEC) hat ein Formular 6-K eingereicht, das die Ergebnisse seiner außerordentlichen Hauptversammlung am 19. Juni 2025 darlegt. Von den 38.417.987 Stammaktien, die am Stichtag 2. Mai 2025 ausstanden, wurden etwa 33,8 Millionen Stimmen abgegeben (ca. 88 % Beteiligung), und alle drei Management-Beschlüsse wurden mit überwältigender Mehrheit angenommen.

Wichtige Genehmigungen:

  • Mitarbeiteranreizplan 2025 â€� 33.801.693 Stimmen dafür, 33.447 dagegen, 2.800 Enthaltungen.
  • Aktienzusammenlegung 1 zu 6 â€� 33.822.210 Stimmen dafür, 12.930 dagegen, 2.800 Enthaltungen. Der Vorstand kann die Rückwärtssplit innerhalb von 12 Monaten umsetzen; die Anzahl der Aktien soll nach der Zusammenlegung von 38,4 Millionen auf etwa 6,4 Millionen sinken.
  • ´¡°ì³Ù¾±±ð²Ô°ùü³¦°ì°ì²¹³Ü´Ú³¾²¹²Ô»å²¹³Ù â€� 33.829.525 Stimmen dafür, 5.615 dagegen, 2.800 Enthaltungen. Die Direktoren dürfen Aktien an der Nasdaq innerhalb der durch das Singapore Companies Act §76E und die Nasdaq-Regeln gesetzten Grenzen zurückkaufen.

Die Beschlüsse geben dem Management erhebliche Flexibilität zur Umgestaltung der Kapitalstruktur: Der Rückwärtssplit kann den Kurs pro Aktie erhöhen (zur Unterstützung der Nasdaq-Compliance), während die Rückkaufbefugnis opportunistische Kapitalrückführungen ermöglicht. Der neue Anreizplan erlaubt aktienbasierte Vergütung, die an die nach der Zusammenlegung reduzierte Aktienbasis angepasst ist.

Dem Bericht lagen keine Finanzberichte, Risikofaktoren oder Rechtsstreitigkeiten bei; die Offenlegung beschränkt sich auf die Ergebnisse der Aktionärsabstimmung und genehmigte Unternehmensmaßnahmen.

Positive
  • Approval of an on-market share buyback mandate empowers directors to repurchase stock, potentially enhancing EPS and supporting valuation.
  • 1-for-6 share consolidation is set to lift the trading price and help maintain Nasdaq listing compliance, broadening institutional investor access.
Negative
  • Adoption of the 2025 Employee Incentive Plan introduces the risk of future dilution from equity awards.
  • Share consolidation will reduce free float, which may increase volatility and lower liquidity for remaining investors.

Insights

TL;DR: Shareholders handed management broad tools—reverse split, buyback, incentive plan—passing each with >99% support.

Governance angle. The near-unanimous approval signals strong shareholder confidence. The reverse split (1-for-6) should remedy any low-price listing risk and tidy the cap-table ahead of future strategic moves. The buyback mandate, although subject to statutory limits, empowers the board to deploy excess cash or defend the price strategically. The incentive plan institutionalises equity compensation, aligning employee interests but introducing potential dilution that must be managed against the buyback capacity. Overall, the package centralises capital-structure discretion in the board, a net positive for flexibility if coupled with transparent execution.

TL;DR: Reverse split aids price optics; buyback may offset dilution, net effect depends on execution and cash availability.

Market impact. A 1-for-6 consolidation should push PMEC’s per-share price six-fold, improving institutional screens and option eligibility. However, reduced float can heighten volatility and widen spreads. The buyback mandate could provide downside support, but the filing does not disclose the "Maximum Limit" or funding sources, leaving uncertainty over actual repurchase capacity. Meanwhile, the 2025 Employee Incentive Plan adds an overhang of future share issuances. If management times buybacks to mop up incentive-driven dilution, the actions can be earnings accretive; if not, shareholders face dilution without guaranteed cash returns. Execution risk keeps the immediate rating neutral.

Primech Holdings (Nasdaq: PMEC) ha presentato un modulo 6-K che dettaglia i risultati della sua Assemblea Straordinaria del 19 giugno 2025. Su 38.417.987 azioni ordinarie in circolazione alla data di registrazione del 2 maggio 2025, sono stati espressi circa 33,8 milioni di voti (circa l'88% di partecipazione), e tutte e tre le risoluzioni proposte dalla direzione sono state approvate con un margine schiacciante.

Approvazioni principali:

  • Piano di Incentivi per i Dipendenti 2025 â€� 33.801.693 voti a favore, 33.447 contrari, 2.800 astenuti.
  • Consolidamento azionario 1 per 6 â€� 33.822.210 voti a favore, 12.930 contrari, 2.800 astenuti. Il consiglio potrà attuare la divisione inversa entro 12 mesi; il numero di azioni dopo la divisione dovrebbe passare da 38,4 milioni a circa 6,4 milioni.
  • Mandato per il riacquisto di azioni â€� 33.829.525 voti a favore, 5.615 contrari, 2.800 astenuti. I direttori potranno riacquistare azioni sul Nasdaq entro i limiti stabiliti dalla Sezione 76E della Singapore Companies Act e dalle regole del Nasdaq.

Le risoluzioni conferiscono alla direzione una notevole flessibilità per ristrutturare la struttura del capitale: la divisione inversa può aumentare il prezzo per azione (favorendo la conformità al Nasdaq), mentre l'autorità di riacquisto consente ritorni di capitale opportunistici. Il nuovo piano di incentivi permette una compensazione basata su azioni adeguata alla base azionaria post-divisione.

Il rapporto non include bilanci, fattori di rischio o procedimenti legali; la comunicazione si limita ai risultati delle votazioni degli azionisti e alle azioni societarie autorizzate.

Primech Holdings (Nasdaq: PMEC) presentó un Formulario 6-K detallando los resultados de su Junta General Extraordinaria del 19 de junio de 2025. De las 38,417,987 acciones ordinarias en circulación a la fecha de registro del 2 de mayo de 2025, se emitieron aproximadamente 33.8 millones de votos (alrededor del 88% de participación), y las tres resoluciones de la administración fueron aprobadas por un amplio margen.

Aprobaciones clave:

  • Plan de Incentivos para Empleados 2025 â€� 33,801,693 votos a favor, 33,447 en contra, 2,800 abstenciones.
  • Consolidación de acciones 1 por 6 â€� 33,822,210 votos a favor, 12,930 en contra, 2,800 abstenciones. La junta puede implementar la división inversa dentro de 12 meses; se espera que el número de acciones post-división disminuya de 38.4 millones a aproximadamente 6.4 millones.
  • Mandato de recompra de acciones â€� 33,829,525 votos a favor, 5,615 en contra, 2,800 abstenciones. Los directores pueden recomprar acciones en Nasdaq dentro de los límites establecidos por la Sección 76E de la Ley de Sociedades de Singapur y las normas de Nasdaq.

Las resoluciones otorgan a la administración una flexibilidad significativa para remodelar la estructura de capital: la división inversa puede aumentar el precio por acción (apoyando el cumplimiento en Nasdaq), mientras que la autoridad de recompra permite retornos de capital oportunistas. El nuevo plan de incentivos permite una compensación basada en acciones alineada con la base accionaria post-división.

No se acompañaron estados financieros, factores de riesgo ni procedimientos legales en este informe; la divulgación se limita a los resultados de la votación de los accionistas y a las acciones corporativas autorizadas.

Primech Holdings (나스ë‹�: PMEC)ëŠ� 2025ë…� 6ì›� 19ì� 임시주주ì´íšŒ ê²°ê³¼ë¥� ìƒì„¸íž� ë‹´ì€ Form 6-Kë¥� 제출했습니다. 2025ë…� 5ì›� 2ì� 기준ì¼ì— 발행ë� 38,417,987ì£¼ì˜ ë³´í†µì£� ì¤� ì•� 3,380ë§� í‘�(ì•� 88% 참여ìœ�)ê°€ 행사ë˜ì—ˆìœ¼ë©°, ê²½ì˜ì§„ì´ ì œì•ˆí•� ì„� 가지 ê²°ì˜ì•� ëª¨ë‘ ì••ë„ì ì¸ 찬성으로 통과ë˜ì—ˆìŠµë‹ˆë‹�.

주요 ìŠ¹ì¸ ì‚¬í•­:

  • 2025ë…� ì§ì› ì¸ì„¼í‹°ë¸Œ 플랜 â€� 찬성 33,801,693í‘�, 반대 33,447í‘�, 기권 2,800í‘�.
  • 1대 6 ì£¼ì‹ ë³‘í•© â€� 찬성 33,822,210í‘�, 반대 12,930í‘�, 기권 2,800í‘�. ì´ì‚¬íšŒëŠ” 12개월 ì´ë‚´ì—� ì—­ë³‘í•©ì„ ì‹œí–‰í•� ìˆ� 있으ë©�, 병합 í›� ì£¼ì‹ ìˆ˜ëŠ” ì•� 3840ë§� 주ì—ì„� ì•� 640ë§� 주로 줄어ë“� 것으ë¡� 예ìƒë©ë‹ˆë‹�.
  • ìžì‚¬ì£� 매입 권한 â€� 찬성 33,829,525í‘�, 반대 5,615í‘�, 기권 2,800í‘�. ì´ì‚¬ë“¤ì€ 싱가í¬ë¥´ 회사ë²� §76E ë°� 나스ë‹� 규정 ë‚´ì—ì„� 나스ë‹� ìƒì—ì„� 주ì‹ì� 재매입할 ìˆ� 있습니다.

ì� ê²°ì˜ì•ˆë“¤ì€ ê²½ì˜ì§„ì—ê²� ìžë³¸ 구조ë¥� 재구성할 ìˆ� 있는 ìƒë‹¹í•� ìœ ì—°ì„±ì„ ì œê³µí•©ë‹ˆë‹�: ì—­ë³‘í•©ì€ ì£¼ë‹¹ ê°€ê²©ì„ ë†’ì—¬ 나스ë‹� 규정 준수를 ì§€ì›í•˜ë©�, ìžì‚¬ì£� 매입 ê¶Œí•œì€ ê¸°íšŒì—� 맞춘 ìžë³¸ 환ì›ì� 가능하ê²� 합니ë‹�. 새로ìš� ì¸ì„¼í‹°ë¸Œ í”Œëžœì€ ë³‘í•© í›� ì£¼ì‹ ê¸°ë°˜ì—� 맞춘 ì£¼ì‹ ë³´ìƒ ì²´ê³„ë¥� 허용합니ë‹�.

ì� 보고서ì—ëŠ� 재무제표, 위험 ìš”ì¸ ë˜ëŠ” ë²•ì  ì ˆì°¨ê°€ í¬í•¨ë˜ì–´ 있지 않으ë©�, 공개 ë‚´ìš©ì€ ì£¼ì£¼ 투표 결과와 승ì¸ë� 기업 조치ì—� 한정ë˜ì–´ 있습니다.

Primech Holdings (Nasdaq : PMEC) a déposé un formulaire 6-K détaillant les résultats de son Assemblée Générale Extraordinaire du 19 juin 2025. Sur les 38 417 987 actions ordinaires en circulation à la date d'enregistrement du 2 mai 2025, environ 33,8 millions de votes (soit environ 88 % de participation) ont été exprimés, et les trois résolutions proposées par la direction ont été adoptées à une large majorité.

Approbations clés :

  • Plan d'incitation pour les employés 2025 â€� 33 801 693 votes pour, 33 447 contre, 2 800 abstentions.
  • Regroupement d'actions au ratio 1 pour 6 â€� 33 822 210 votes pour, 12 930 contre, 2 800 abstentions. Le conseil peut mettre en Å“uvre cette division inversée dans un délai de 12 mois ; le nombre d'actions après regroupement devrait passer de 38,4 millions à environ 6,4 millions.
  • Mandat de rachat d'actions â€� 33 829 525 votes pour, 5 615 contre, 2 800 abstentions. Les administrateurs peuvent racheter des actions sur le Nasdaq dans les limites fixées par la Section 76E de la loi sur les sociétés de Singapour et les règles du Nasdaq.

Ces résolutions offrent à la direction une grande flexibilité pour restructurer la structure du capital : la division inversée peut augmenter le prix par action (favorisant la conformité au Nasdaq), tandis que le mandat de rachat permet des retours de capital opportunistes. Le nouveau plan d'incitation autorise une rémunération basée sur des actions alignée sur la base d'actions après regroupement.

Aucun états financiers, facteurs de risque ou procédures judiciaires n'accompagnent ce rapport ; la divulgation se limite aux résultats des votes des actionnaires et aux actions d'entreprise autorisées.

Primech Holdings (Nasdaq: PMEC) hat ein Formular 6-K eingereicht, das die Ergebnisse seiner außerordentlichen Hauptversammlung am 19. Juni 2025 darlegt. Von den 38.417.987 Stammaktien, die am Stichtag 2. Mai 2025 ausstanden, wurden etwa 33,8 Millionen Stimmen abgegeben (ca. 88 % Beteiligung), und alle drei Management-Beschlüsse wurden mit überwältigender Mehrheit angenommen.

Wichtige Genehmigungen:

  • Mitarbeiteranreizplan 2025 â€� 33.801.693 Stimmen dafür, 33.447 dagegen, 2.800 Enthaltungen.
  • Aktienzusammenlegung 1 zu 6 â€� 33.822.210 Stimmen dafür, 12.930 dagegen, 2.800 Enthaltungen. Der Vorstand kann die Rückwärtssplit innerhalb von 12 Monaten umsetzen; die Anzahl der Aktien soll nach der Zusammenlegung von 38,4 Millionen auf etwa 6,4 Millionen sinken.
  • ´¡°ì³Ù¾±±ð²Ô°ùü³¦°ì°ì²¹³Ü´Ú³¾²¹²Ô»å²¹³Ù â€� 33.829.525 Stimmen dafür, 5.615 dagegen, 2.800 Enthaltungen. Die Direktoren dürfen Aktien an der Nasdaq innerhalb der durch das Singapore Companies Act §76E und die Nasdaq-Regeln gesetzten Grenzen zurückkaufen.

Die Beschlüsse geben dem Management erhebliche Flexibilität zur Umgestaltung der Kapitalstruktur: Der Rückwärtssplit kann den Kurs pro Aktie erhöhen (zur Unterstützung der Nasdaq-Compliance), während die Rückkaufbefugnis opportunistische Kapitalrückführungen ermöglicht. Der neue Anreizplan erlaubt aktienbasierte Vergütung, die an die nach der Zusammenlegung reduzierte Aktienbasis angepasst ist.

Dem Bericht lagen keine Finanzberichte, Risikofaktoren oder Rechtsstreitigkeiten bei; die Offenlegung beschränkt sich auf die Ergebnisse der Aktionärsabstimmung und genehmigte Unternehmensmaßnahmen.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number: 001-41829

 

Primech Holdings Ltd.

 

23 Ubi Crescent
Singapore 408579
+65 6286 1868

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Submission of Matters to a Vote of Security Holders.

 

On June 19, 2025, Primech Holdings Ltd (the “Company”) held the Company’s Extraordinary General Meeting of Shareholders (the “EGM”) at 23 Ubi Crescent, Singapore 408579. On May 2, 2025 (the “Record Date”), the record date for the EGM, there were 38,417,987 of the Company’s ordinary shares, no par value, (the “Ordinary Shares”) issued and outstanding and entitled to vote at the EGM. Each holder of the Company’s Ordinary Shares shall be entitled to one vote in respect of Ordinary Share held by such holder on the Record Date. Three items of business were acted upon by the Company’s shareholders at the EGM, each of which was approved by the shareholders.

 

1. Shareholders approved to adopt the Primech 2025 Employee Incentive Plan and the authorization for the Primech 2025 Employee Incentive Plan Share Issuances. The voting results were as follows:

 

For   Against   Abstain
33,801,693   33,447   2,800

 

2. Shareholders approved authority be and is hereby given for every six (6) issued ordinary shares in the capital of the Company as at a time and date to be determined by the Directors, at and on which the register of members and the transfer books of the Company will be closed for the purpose of determining the entitlements of the shareholders of the Company following the proposed share consolidation (“Share Consolidation Record Date”) be consolidated into one (1) ordinary share of the Company (each a “Consolidated Ordinary Share” and collectively, the “Consolidated Ordinary Shares”) (the “Share Consolidation”), with such Share Consolidation to be effective on such date within 12 months of this resolution as determined by the Directors and such date shall be announced by the Company (the “Effective Date”). The voting results were as follows:

 

For   Against   Abstain
33,822,210   12,930   2,800

 

3. Shareholders approved authority be and is hereby given, for the purposes of Section 76E of the Singapore Companies Act 1967 (the “Singapore Companies Act”), the exercise by the Directors of all the powers of the Company to purchase or otherwise acquire issued ordinary shares in the capital of the Company (the “Shares”) not exceeding in aggregate the Maximum Limit (as hereinafter defined), at such price(s) as may be determined by the Directors from time to time up to the Maximum Price (as hereinafter defined) by way of an on-market purchase (“Market Acquisition”) transacted on the Nasdaq Capital Market (“Nasdaq”) as may be determined or formulated by the Directors as they consider fit, and shall satisfy all the conditions prescribed by the Singapore Companies Act, and otherwise in accordance with all other laws, regulations and listing rules of Nasdaq (the “Nasdaq Listing Rules”) as may for the time being be applicable, be and is hereby authorized and approved generally and unconditionally (“Share Buyback Mandate”)

 

For   Against   Abstain
33,829,525   5,615   2,800

 

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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, thereunto duly authorized.

 

  Primech Holdings Ltd.
     
Date: June 23, 2025 By: /s/ Kin Wai Ho
  Name:  Kin Wai Ho
  Title: Chief Executive Officer

 

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FAQ

What corporate actions did PMEC shareholders approve at the 19 June 2025 EGM?

Investors approved a 2025 Employee Incentive Plan, a 1-for-6 share consolidation, and a share buyback mandate under Singapore law.

How will Primech’s 1-for-6 share consolidation affect its outstanding shares?

If fully executed, the share count will shrink from about 38.4 million to 6.4 million, raising the per-share price proportionally.

What were the voting results for the 2025 Employee Incentive Plan?

The plan passed with 33,801,693 For, 33,447 Against, and 2,800 Abstain votes.

Did shareholders authorise a share buyback and where can it occur?

Yes. The Share Buyback Mandate allows on-market purchases on the Nasdaq Capital Market within statutory price and volume limits.

When will the share consolidation become effective?

The board may implement it on a date within 12 months of the EGM; the exact Effective Date will be announced later.
Primech Holdings Ltd.

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