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 August, 2022
Commission File Number 001-39349
DoubleDown Interactive Co., Ltd.
(Exact name of registrant as specified in its charter)
Joseph A. Sigrist, Chief Financial Officer
c/o DoubleDown Interactive, LLC
605 5th Avenue, Suite 300
Seattle, WA 98104
+1-206-408-4545
(Address of Principal Executive Offices)
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
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Results of Extraordinary General Meeting of Shareholders
The extraordinary general meeting of shareholders (the “EGM”) of DoubleDown Interactive Co., Ltd. (the “Company”) was held on August 26, 2022 at 11:00 am, Korea Standard Time, in Seoul, Korea. At the EGM, the shareholders approved and adopted all three resolutions as originally proposed, and the voting result for each of the proposed resolutions is as follows:
| No. |
Proposal |
For | % | Against | % | |||||||||||||
| 1. |
(i) Election of In Keuk Kim as a director |
2,380,120 | 96 | % | 46 | 0 | % | |||||||||||
| (ii) Election of Joseph A. Sigrist as a director |
2,380,120 | 96 | % | 46 | 0 | % | ||||||||||||
| (iii) Election of Ki Chul Kim as a director |
2,380,120 | 96 | % | 46 | 0 | % | ||||||||||||
| (iv) Election of Haenam Kim as a director |
2,380,120 | 96 | % | 46 | 0 | % | ||||||||||||
| 2. |
Election of Whanlim Kim as an independent director |
2,380,126 | 96 | % | 40 | 0 | % | |||||||||||
| 3. |
Approval of reduction of capital reserve in the amount of KRW 70,000,000,000 pursuant to Article 461-2 of the Korean Commercial Code |
2,378,453 | 96 | % | 43 | 0 | % | |||||||||||
Issuance of Press Release
On August 30, 2022, the Company issued a press release announcing the results of the EGM.
The press release is being furnished in this report on Form 6-K as Exhibit 99.1 pursuant to General Instruction B to the Form 6-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 | Press release of the Company, dated August 30, 2022 | |
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.
| DOUBLEDOWN INTERACTIVE CO., LTD. | ||||||
| Date: August 30, 2022 | ||||||
| By: | /s/ Joseph A. Sigrist | |||||
| Name: Joseph A. Sigrist | ||||||
| Title: Chief Financial Officer | ||||||
Exhibit 99.1
DoubleDown Interactive Announces
Results of 2022 Extraordinary General Meeting
SEATTLE, WASHINGTON – August 30, 2022 — DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital social casino games, today announced that at an extraordinary general meeting of shareholders (the “EGM”) held on August 26, 2022 at 11:00 am, Korea Standard Time, in Seoul, Korea, the shareholders of record as of August 3, 2022, approved and adopted the following resolutions as originally proposed by the Company’s board of directors:
| 1. | Re-election of each of In Keuk Kim, Joseph A. Sigrist, Ki Chul Kim, and Haenam Kim (each a current director of the Company with a term expiring in November 2022 and prior to the Company’s next annual general meeting in 2023), as a director of the Company for a new three-year term commencing on August 26, 2022 and ending on August 25, 2025; |
| 2. | Election of Whanlim Kim as a non-executive independent director of the Company for a three-year term commencing on August 26, 2022 and ending on August 25, 2025; and |
| 3. | Approval of the reduction of the Company’s capital reserve in the amount of KRW 70,000,000,000 pursuant to Article 461-2 of the Korean Commercial Code. |
As a result of the EGM, the Company currently has three non-executive independent directors on its board. The Company’s two additional non-executive independent directors, Yanghoon Cho and Jaesung Chung, are not up for re-election at this EGM. Their current three-year terms will expire in May 2023.
About DoubleDown Interactive
DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. Our flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games.
Company Contact:
Joe Sigrist
ir@doubledown.com
+1 (206) 773-2266
Chief Financial Officer
https://www.doubledowninteractive.com
Investor Relations Contact:
Cody Slach or Jeff Grampp, CFA
Gateway Group
1-949-574-3860
DDI@gatewayir.com