CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) 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 December 14, 2017, and to a written consent solicitation to less than 10 holders of record of Common Stock, $0.0001, ("Common Stock") of Capstone Companies, Inc., a Florida corporation, ("Company"), the Company received sufficient written consents from holders of the Common Stock to elect to office the director nominees listed in Item 5.07 below.
All of the above nominees are incumbent directors of the Company. They were elected to a term of one year commencing when they assume office and ending in 2018 when their successors are elected and assume office.
The Company will be filing an Information Statement with the Commission to disclose information required under Regulation 14A of the Securities Exchange Act of 1934, as amended, and Schedule 14C thereunder.
Item 5.07 – Submission of Matters to a Vote of Security Holders.
As disclosed in Item 5.02 above, the following nominees for election to the Company's Board of Directors were elected by written consents from fewer than 10 holders of shares of the Common Stock with sufficient voting power to elect directors.
|
Name of Director Nominee |
Votes FOR |
Votes AGAINST |
Votes ABSTAIN |
|
Stewart Wallach |
X |
||
|
James McClinton |
X |
||
|
Jeffrey Postal |
X |
||
|
Jeffrey Guzy |
X |
||
|
Larry Sloven |
X |
||
|
TOTAL |
|
to the same written consent solicitation described in Item 5.02 above, the holders of Common Stock with sufficient voting power approved by written consent the ratification of Mayer Hoffman & McCann, PC as the auditors of the Company for fiscal year 2017. The written consent vote, as of December 14, 2017, was:
|
Written Consent Vote |
Votes FOR |
Votes AGAINST |
Votes ABSTAIN |
|
Totals: 10 |
X |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Description
None
About CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC)
Capstone Companies, Inc. (CAPC) is a holding company. The Company designs and manufactures a line of specialty power failure lighting solutions and other specialty consumer products for the North American and Global retail markets through its operating subsidiary. Its product line consists of consumer lighting products, including power failure multi-function handheld lights, power failure multi-function nightlights and wall-plates, decorative nightlights, wireless motion sensor lights, remote control battery powered accent lights and remote control outlets. Its products are sold under Capstone Industries, Inc. (CAPI) brand name, Capstone Lighting, and also under a licensed brand. The Company oversees the manufacturing of its products through its three operating subsidiaries: CAPI, Capstone International H.K Ltd. (CIHK) and Capstone Lighting Technologies, Inc. (CLTL). The Company is focused on establishing relationships with international, national and regional retailers.
