BRIDGELINE DIGITAL, INC. (NASDAQ:BLIN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 29, 2017, Robert Taglich, a member of the Board of Directors of Bridgeline Digital, Inc. (the “Company”) submitted a letter of resignation, effective immediately, to the Chairperson of Company. Mr. Taglich’s resignation is not the result of any disagreement with the policies, practices or procedures of the Company. Mr. Taglich’s outstanding equity awards, in the form of time vested restricted stock, and stock options are and will continue to be governed by the terms and conditions of the Company’s underlying equity incentive plans and agreements to which such awards were issued.
Item 5.07 Submission of Matters to a Vote of Security Holders
On June 29, 2017, Bridgeline Digital, Inc. (the “Company”) held its Annual Meeting of Shareholders. The following is a summary of the matters voted on at the meeting:
|
(1) |
The results of the voting for the election of a director to serve a three-year term: |
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
Michael Taglich |
10,705,367 |
247,538 |
4,806,021 |
|
(2) |
The results of the approval for the Board of Directors to implement a reverse stock split of the outstanding shares of the Company's common stock at any time prior to July 31, 2017, by a ratio of up to one-for-five andas well asapprove an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to effect such reverse stock split were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
14,895,679 |
847,099 |
10,721 |
– |
|
(3) |
The results of the voting to approve an adjournment of the Meeting, if necessary and appropriate, to solicit additional proxies if there are insufficient votes at the time of the Meeting to approve Proposal 2 were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
14,785,634 |
891,944 |
75,921 |
̶ |
|
(4) |
The results of the voting to ratify the selection of Marcum, LLP as the Company’s independent auditors for the fiscal year ending September 30, 2017 were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
15,588,380 |
96,937 |
68,182 |
– |
|
(5) |
The results of the voting to hold an advisory vote to approve the compensation of the Company’s named executive officers (the “say-on-pay”) were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
10,799,394 |
70,409 |
77,675 |
4,806,021 |
About BRIDGELINE DIGITAL, INC. (NASDAQ:BLIN)
Bridgeline Digital, Inc. is a digital engagement company. The Company’s iAPPS platform is a Web Engagement Management (WEM) platform that integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics to help marketers deliver digital experiences that engage and convert their customers across all channels. The iAPPS platform is delivered through a cloud-based Software as a Service (SaaS) multi-tenant business model, which provides customers with deployment providing maintenance, daily technical operation and support, or through a perpetual licensing business model. The iAPPS suite of products includes iAPPS Experience Manager, iAPPS Content Manager, iAPPS Commerce, iAPPS Marketier, iAPPS Analyzer, iAPPSds and iAPPS Social. It offers various services, such as digital engagement services, digital strategy services, usability design and information architecture. It provides shared hosting, dedicated hosting and SaaS hosting for its customers.