AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security Holders
The voting results on the matters considered by the stockholders
of American Electric Technologies, Inc., (the Company) at the
Annual Meeting held on May12, 2017 were as follows:
| 1. | To elect five members to the Companys Board of Directors |
|
Director Nominee |
Votes For | VotesWithheld | BrokerNon-Votes | |||||||||
|
Edward L. Kuntz |
3,839,293 | 470,126 | 3,149,107 | |||||||||
|
J. Hoke Peacock II |
3,756,984 | 552,435 | 3,149,107 | |||||||||
|
Peter Menikoff |
3,852,493 | 456,926 | 3,149,107 | |||||||||
|
Neal Dikeman |
3,581,553 | 727,866 | 3,149,107 | |||||||||
|
Charles M. Dauber |
4,185,455 | 123,964 | 3,149,107 |
| 2. |
To ratify the selection of the independent registered public accounting firm for the fiscal year ending December31, 2017. There were no Broker Non-Votes. |
| VotesFor | VotesAgainst | VotesWithheld | ||
| 7,011,597 | 420,226 | 26,703 |
| 3. | Advisory resolution to approve executive compensation. |
| Votes For | VotesAgainst | VotesWithheld | BrokerNon-Votes | |||
| 3,758,506 | 431,169 | 119,744 | 3,149,107 |
| 4. | Frequency of advisory vote to approve executive compensation |
| 1 Year | 2Years | 3Years | VotesWithheld | |||
| 2,050,529 | 96,674 | 2,155,234 | 6,982 | |||
| BrokerNon-Votes | ||||||
| 3,149,107 |
The Board of Directors has considered the outcome of the advisory
vote with respect to the frequency of the stockholder vote to
approve executive compensation and has determined that the
Company will hold future votes to approve executive compensation
on an annual basis.
About AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI)
American Electric Technologies, Inc. is a provider of power delivery solutions to the global energy industry. The Company serves a range of markets, such as power generation and distribution, oil and gas, and marine and industrial. It provides power delivery solutions for the power generation and distribution market sectors. It works with turbine manufacturers, engine-generator manufacturers and dealers, engineering, procurement and construction (EPC) firms, and high voltage service companies to provide electric power delivery products and solutions. It designs, manufactures, commissions and maintains its equipment for implementation in base-load, peaking power, cogeneration and substation transmission facilities across the world. It provides power delivery solutions for the upstream, midstream and downstream oil and natural gas sectors. Its industrial markets include non-oil and gas industrial markets, such as steel, paper, heavy commercial, and other non-oil and gas applications. AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI) Recent Trading Information
AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI) closed its last trading session down -0.10 at 1.90 with 28,695 shares trading hands.