Active Power, Inc.> (NASDAQ:ACPW) Files An 8-K Submission of Matters to a Vote of Security Holders

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Active Power, Inc.> (NASDAQ:ACPW) 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.

On November 16, 2016, the Company held a special meeting of its
stockholders (the Special Meeting) to consider certain proposals
related to the Purchase Agreement and a stockholders rights plan.
As of October 10, 2016, the record date for the Special Meeting,
there were 23,125,154 shares of the Companys common stock
outstanding, each of which was entitled to one vote for each
proposal at the Special Meeting. At the Special Meeting, a total
of 12,546,297 shares of the Companys common stock, representing
approximately 54.25 percent of outstanding shares entitled to
vote, were present in person or by proxy, constituting a quorum
to conduct business.
At the Special Meeting, the following proposals were considered:
(1)
The approval of the Disposition;
(2)
The ratification of a stockholders rights plan; and
(3)
The approval of the adjournment of the Special Meeting to
another date and place if necessary or appropriate to
solicit additional votes if there were insufficient votes
at the time of the Special Meeting to approve the
Dissolution.
All of the proposals were approved by the requisite vote of the
Companys stockholders. The final voting results for each proposal
are described below. For more information on each of these
proposals, see the Definitive Proxy Statement on Schedule 14A for
the Special Meeting, filed by the Company with the SEC on October
17, 2016.
1.
Proposal to approve the Disposition:
For
Against
Abstain
Broker-Non-Votes
12,317,415
180,243
48,639
2.
Proposal to ratify the stockholders rights plan:
For
Against
Abstain
Broker-Non-Votes
12,382,703
117,136
46,458
3.
Proposal to approve the adjournment of the Special Meeting
to another date and place if necessary or appropriate to
solicit additional votes if there are insufficient votes at
the time of the Special Meeting to approve the Disposition:
For
Against
Abstain
Broker-Non-Votes
12,099,421
363,577
83,299

Although Proposal 3 was approved, since the Disposition had
been approved by the Companys stockholders without an
adjournment, an adjournment of the Special Meeting was not
necessary or appropriate.
Item 8.01. Other Events.
On November 16, 2016, the Company issued a press release
announcing the results of the Special Meeting. A copy of the
press release is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d)
Exhibits
Exhibit No.
Description
99.1
Press Release of the Company dated November 16, 2016


About Active Power, Inc.> (NASDAQ:ACPW)

Active Power, Inc. designs, manufactures, sells and services flywheel-based uninterruptible power supply (UPS) products that use kinetic energy to provide short-term power as a cleaner alternative to electro-chemical battery-based energy storage. The Company also designs, manufactures, sells and services modular infrastructure solutions (MIS) that integrate critical power components into a pre-packaged, purpose built enclosure. The Company’s UPS products and solutions deliver continuous conditioned power during short-term power disturbances and outages, such as voltage sags and surges, and provide ride-through power in the event of a utility failure, supporting operations until utility power is restored or a longer term alternative power source, such as a diesel generator, is started. Its flywheel-based UPS products are sold under the brand name, CleanSource UPS. The Company’s MIS products include CleanSource PowerHouse and modular IT.

Active Power, Inc.> (NASDAQ:ACPW) Recent Trading Information

Active Power, Inc.> (NASDAQ:ACPW) closed its last trading session up +0.026 at 0.216 with – shares trading hands.