WESTELL TECHNOLOGIES, INC. (NASDAQ:WSTL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Annual Meeting of Stockholders (the “Annual Meeting”) of Westell Technologies, Inc. (the “Company“) was held on September11, 2018. At the Annual Meeting, the stockholders voted on the following three proposals and cast their votes as described below.
Proposal 1-Election of Directors:
Each person duly elected at the Annual Meeting to serve as a director until the Company’s 2019 Annual Meeting of Stockholders received the number of votes indicated beside his name below.
|
Nominee |
For |
Withheld |
Broker Non-Vote |
|
Kirk R. Brannock |
16,617,616 |
1,202,779 |
5,906,681 |
|
Scott C. Chandler |
17,381,438 |
438,957 |
5,906,681 |
|
Robert W. Foskett |
16,301,706 |
1,518,689 |
5,906,681 |
|
Robert C. Penny III |
16,027,641 |
1,792,754 |
5,906,681 |
|
Cary B. Wood |
17,364,338 |
456,057 |
5,906,681 |
|
Mark A. Zorko |
17,333,162 |
487,233 |
5,906,681 |
Proposal 2-Ratification of the appointment of Grant Thornton LLP, independent auditors, as auditors for the fiscal year ending March 31, 2019. This proposal was approved.
|
For |
Against |
Abstain |
|
|
Appointment of independent auditors |
23,479,631 |
196,959 |
50,486 |
Proposal 3-Advisory Vote to approve Executive Compensation, as described in the proxy materials. This proposal was approved.
|
For |
Against |
Abstain |
Broker Non-Vote |
|
|
Advisory Vote to approve Executive Compensation |
17,349,635 |
414,106 |
56,654 |
5,906,681 |
On September 11, 2018, the Board of Directors of the Company appointed Cary B. Wood to serve as Chairman of the Compensation Committee. Mr. Wood replaces Dennis O. Harris, Chair of the Compensation Committee since 2017, who completed his term as a director at the 2018 Annual Meeting. The Board of Directors also appointed Scott C. Chandler to serve as a member of the Audit and Compensation Committees.
|
Item 5.07. |
FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
|
99.1 |
Press release dated September 12, 2018
|
WESTELL TECHNOLOGIES INC ExhibitEX-99.1 2 a8k91118exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 FOR IMMEDIATE RELEASEScott C. Chandler joins Westell’s Board of Directors AURORA,…To view the full exhibit click here
About WESTELL TECHNOLOGIES, INC. (NASDAQ:WSTL)
Westell Technologies, Inc. is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG). The Company’s segments are engaged in the design, development, assembly, and marketing of a range of products and solutions. The IBW segment solutions include distributed antenna systems (DAS) conditioners, digital repeaters and bi-directional amplifiers (BDAs), and system components and antennas, all used by wireless service providers and third-party hosts to fine tune radio frequency (RF) signals. The Company’s intelligent site management solutions include a suite of remote monitoring and control devices.
