HOUSTON WIRE & CABLE COMPANY (NASDAQ:HWCC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders
On May 5, 2017, the Company held its 2017 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, 15,009,140 shares, par value $.001, or approximately 90.93% of the 16,506,525 shares outstanding and entitled to vote at the Annual Meeting, were present in person or by proxy. Set forth below are the matters acted upon by Company stockholders at the Annual Meeting, and the final voting results on each such matter.
Proposal 1: Election of Directors. The number of votes cast for and withheld from each nominee, as well as the number of broker non-votes, were as follows:
| Name of Nominee | Votes For | Votes Withheld |
| Michael T. Campbell | 12,494,145 | 276,121 |
| I. Stewart Farwell | 12,493,537 | 276,729 |
| Mark A. Ruelle | 12,490,469 | 279,797 |
| William H. Sheffield | 12,495,390 | 274,876 |
| G. Gary Yetman | 12,550,873 | 219,393 |
| James L. Pokluda | 12,558,693 | 211,573 |
There were 2,238,874 broker non-votes as to Proposal 1.
All six nominees were elected.
Proposal 2: Ratification of Selection of Independent Registered Public Accounting Firm. The number of votes cast for and against this matter, as well as the number of abstentions, were as follows:
| Votes For |
Votes For as a Percentage of Votes Present at the Meeting |
Votes Against | Abstentions | |
| 14,948,559 | 99.6 | % | 38,601 | 21,980 |
There were no broker non-votes as to Proposal 2.
Proposal 2 received the affirmative vote of the holders of at least a majority of the shares of common stock present at the Annual Meeting and therefore was adopted.
Proposal 3: Advisory Vote to Approve the Company’s Executive Compensation. The number of votes cast for and against this matter, as well as the number of abstentions and broker non-votes, were as follows:
| Votes For |
Votes For as a Percentage of Votes Present at the Meeting |
Votes Against | Abstentions | |
| 12,402,200 | 97.12 | % | 254,112 | 113,954 |
There were 2,238,874 broker non-votes as to Proposal 3.
Proposal 3 received the affirmative vote of the holders of at least a majority of the shares of common stock present at the Annual Meeting and therefore was adopted.
Proposal 4: Advisory Vote to Determine the Frequency of Future Stockholder Advisory Votes on Executive Compensation. The number of votes cast for the three options provided were as follows:
| Votes For “Every Year” | Votes For “Every Two Years” | Votes For “Every Three Years” | Abstentions |
| 10,992,759 | 27,870 | 1,665,995 | 83,642 |
Proposal 4 received the highest number of votes for “every year” and therefore was adopted.
About HOUSTON WIRE & CABLE COMPANY (NASDAQ:HWCC)
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability. The Company offers products in categories of wire and cable, including continuous and interlocked armor cable; control and power cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; lead and high temperature cable; medium voltage cable; premise and category wire and cable; primary and secondary aluminum distribution cable, and synthetic fiber rope slings, chain, shackles, and other related hardware. The Company also offers private branded products, including its brand LifeGuard, a low smoke zero halogen (LSZH) cable. Its products are used in repair and replacement work.
