LAWSON PRODUCTS, INC. (NASDAQ:LAWS) Files An 8-K Submission of Matters to a Vote of Security Holders

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LAWSON PRODUCTS, INC. (NASDAQ:LAWS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.

Lawson Products, Inc. (the “Company”) held a vote at the 2017>Annual Meeting of Stockholders on May 16, 2017. Out of the 8,835,810>voting shares outstanding, the holders of 8,569,872>shares of the Company’s common stock were represented in person or by proxy to vote on the following proposals:
Proposal 1: Election of Directors
Directors Ronald B. Port. M.D., Wilma J. Smelcer>and J. Bryan King>were elected to serve until the 2020>Annual Meeting of Stockholders. Of the 8,569,872>shares present in person or represented by proxy at the meeting, Ronald B. Port. M.D.>received 7,537,455>votes, Wilma J. Smelcer>received 7,235,320>votes and J. Bryan King>received 7,537,306.
Proposal 2: Ratification of the Appointment of BDO USA, LLP
A proposal to ratify the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2017, was approved. Of the 8,569,872>shares present in person or represented by proxy at the meeting, 8,120,600>shares were voted for the proposal, 34,264>shares were voted against the proposal and 415,008>shares abstained from voting with respect to the proposal.
Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation>
An advisory proposal to approve the compensation of the Company’s Named Executive Officers was approved. Of the 8,569,872>shares present or represented by proxy at the meeting, 7,576,589>shares were voted for the proposal, 26,310>shares were voted against the proposal and 1,708>shares abstained from voting with respect to the proposal. There were 965,265>broker non-votes.
Proposal 4: Non-binding Proposal Regarding Frequency of Vote on Executive Compensation
An advisory proposal to select the frequency of the advisory vote on the compensation of the Company’s Named Executive Officers was voted on. Of the 8,569,872>shares present or represented by proxy at the meeting, 4,164,434>shares were voted for one year, 11,655>shares were voted for two years, 3,426,105>shares were voted for three years and 2,488>shares abstained from voting with respect to the proposal. There were 965,190>broker non-votes.

About LAWSON PRODUCTS, INC. (NASDAQ:LAWS)

Lawson Products, Inc. is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other. The Company supplies a range of automotive products, including body hardware, body shop, brake/wheel, fleet/truck, repair harness assembly and other parts. The Company offers approximately 200,000 different core products for sale of which approximately 50,000 products are maintained in its distribution centers. The Company’s customers operate in a range of industries, including automotive repair, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, oil and gas, mining, wholesale and service.

LAWSON PRODUCTS, INC. (NASDAQ:LAWS) Recent Trading Information

LAWSON PRODUCTS, INC. (NASDAQ:LAWS) closed its last trading session down -0.02 at 19.02 with 16,333 shares trading hands.