AMBASE CORPORATION (OTCMKTS:ABCP) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

7 years ago

AMBASE CORPORATION (OTCMKTS:ABCP) 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

At the Company’s annual meeting of stockholders on June 1, 2017,
votes were taken for the proposals that follow below. The
aggregate number of shares of Common Stock voted in person or by
proxy for each of the proposals was as follows:

Proposal #1 – A vote was taken for the election of two Directors
of the Company to hold office for a three-year term and until
their successors shall have been duly elected.

NOMINEE	FOR	WITHHELD	BROKER NON-VOTES
Richard A. Bianco	20,690,383	599,137	15,355,246
Kenneth M. Schmidt	20,166,253	1,123,267	15,355,246

The terms of directors, Alessandra F. Bianco, Richard A. Bianco,
JR. and Jerry Y. Carnegie, continued after the meeting.

Proposal #2 A vote was taken to ratify the approval of the
appointment of Marcum LLP as the Company’s the Independent
Registered Public Accounting Firm for the calendar year 2017.

FOR	AGAINST	ABSTAIN
36,530,604	99,013	15,149

Proposal #3 A vote was taken for the approval, on a non-binding
advisory basis, of the compensation of the Company’s Named
Executive Officers, as such compensation is described under the
“Compensation Narrative” and “Executive Compensation”
sections of the Company’s 2017 Proxy Statement.

FOR	AGAINST	ABSTAIN	BROKER NON-VOTES
19,924,909	840,609	524,002	15,355,246

Proposal #4 – A vote was taken for the selection on a non-binding
advisory basis, of the frequency of future stockholder votes on
the compensation of the Company’s Named Executive Officers as
such compensation is described under the “Compensation
Discussion and Analysis” and “Executive Compensation” sections
of the Company’s 2017 Proxy Statement.

Choice 1 Every Year	Choice 2 Every Two Years	Choice 3 Every Three Years	Choice 4 Abstain
2,026,430	26,995	18,777,333	458,762

There were 15,355,246 broker non-votes relating to Proposal #4.
The Board of Directors of the Company has determined that the
frequency of future stockholder votes shall be every three (3)
years.

The foregoing proposals are described more fully in the
Company’s definitive proxy statement, filed with the Securities
and Exchange Commission on March 31, 2017, to Section14(a) of the
Securities Act of 1934, as amended, and the rules and regulations
promulgated there under.

About AMBASE CORPORATION (OTCMKTS:ABCP)
AmBase Corporation is a holding company. The Company holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York (the 111 West 57th Property). The Company also owns a commercial office building in Greenwich, Connecticut that is managed and operated by the Company. The building is approximately 14,500 square feet, with over 3,500 square feet utilized by the Company for its offices. The Company’s subsidiaries include Maiden Lane Associates, Ltd., SDG Financial Corp. and 111 West 57th Investment LLC. AMBASE CORPORATION (OTCMKTS:ABCP) Recent Trading Information
AMBASE CORPORATION (OTCMKTS:ABCP) closed its last trading session 00.00 at 1.05 with 125 shares trading hands.