AVIAT NETWORKS, INC. (NASDAQ:AVNW) Files An 8-K Submission of Matters to a Vote of Security Holders

AVIAT NETWORKS, INC. (NASDAQ:AVNW) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item 5.07 Submission of Matters to a Vote of Security Holders

Item 5.07
Submission of Matters to a Vote of Security Holders.
VOTING RESULTS OF 2016>ANNUAL MEETING OF STOCKHOLDERS
The 2016>Annual Meeting of Stockholders of the Company was held
on November 16, 2016. For more information about the proposals set
forth below, please see the Company’s definitive Proxy Statement
filed with the SEC on October 3, 2016. A total of 4,613,965>(or
approximately 87.70%) of the Company’s shares issued, outstanding
and entitled to vote at the 2016>Annual Meeting of Stockholders
were represented in person or by proxy at the meeting. Set forth
below are the final voting results for the proposals voted on at
the 2016>Annual Meeting of Stockholders.
(1) Proposal 1 – Election of Directors: Election of six>nominees
to the Company’s Board of Directors for a one-year term expiring
at the 2017>Annual Meeting of Stockholders, or until their
successors are elected and qualified:
Number of Shares

Nominee
For
Against
Abstain
Broker Non-Votes
Wayne Barr, Jr.
3,618,762
111,342
21,897
861,964
Kenneth Kong
3,624,755
102,414
24,832
861,964
John Mutch
3,634,128
93,060
24,813
861,964
Michael A. Pangia
3,620,491
106,586
24,924
861,964
John J. Quicke
3,625,329
104,830
21,842
861,964
Dr. James C. Stoffel
3,625,281
101,990
24,730
861,964
Each nominee was elected by the Company’s stockholders, as
recommended by the Company’s Board of Directors.
(2) Proposal 2 – Ratification of Appointment of Independent
Registered Public Accounting Firm: Ratification of the Audit
Committee’s appointment of BDO USA, LLP as the Company’s
independent registered public accounting firm for fiscal year 2017:
For: 4,515,855
Against: 51,307
Abstain: 46,803
Proposal 2 was approved by the Company’s stockholders, as
recommended by the Company’s Board of Directors.
(3) Proposal 3 – Advisory vote on executive compensation. Approval
of the advisory vote on executive compensation:
For: 3,647,314
Against: 74,953
Abstain: 29,734
Broker Non-Votes: 861,964
Proposal 3 was approved by the Company’s stockholders, as
recommended by the Company’s Board of Directors.
(4) Proposal 4 – Approve amendments to the Companys Amended and
Restated Certificate of Incorporation, as amended, to restrict
certain transfers of the Companys common stock in order to protect
the substantial tax benefits of the Companys net operating loss
carryforwards:
For: 3,667,192
Against: 62,130
Abstain: 22,679
Broker Non-Votes: 861,964
Proposal 4 was approved by the Company’s stockholders, as
recommended by the Company’s Board of Directors.
(5) Proposal 5 – To approve the Companys tax benefit preservation
plan designed to protect the substantial tax benefits of the
Companys net operating loss carryforwards:
For: 3,478,992
Against: 250,393
Abstain: 22,616
Broker Non-Votes: 861,964
Proposal 5 was approved by the Company’s stockholders, as
recommended by the Company’s Board of Directors.


About AVIAT NETWORKS, INC. (NASDAQ:AVNW)

Aviat Networks, Inc., together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software. In addition, it provides a range of professional services enabling it to deliver turnkey networks, including design, deployment, maintenance and managed services. It designs, manufactures and sells a range of wireless networking products, solutions and services to mobile and fixed public network operators, private network operators, Federal, State and Local government agencies, transportation, energy and utility companies, public safety agencies and broadcast network operators around the world. The Company sells products and services directly to its customers and also use agents and resellers.

AVIAT NETWORKS, INC. (NASDAQ:AVNW) Recent Trading Information

AVIAT NETWORKS, INC. (NASDAQ:AVNW) closed its last trading session up +0.04 at 10.94 with – shares trading hands.

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