CAPSTONE TURBINE CORPORATION (NASDAQ:CPST) Files An 8-K Submission of Matters to a Vote of Security Holders

CAPSTONE TURBINE CORPORATION (NASDAQ:CPST) 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

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On September 18, 2017, the Company reconvened its adjourned Annual Meeting for the purpose of holding a stockholder vote on Proposal 2. The proposals are described in detail in the Definitive Proxy Statement.The final voting results from the meeting are set forth below.

At the time of the Annual Meeting, Proposal 2 (Approval of an amendment to the Company's Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company's outstanding shares of common stock) received a favorable vote from the stockholders voting on the proposal, but did not receive the votes required for approval under the Company’s Amended and Restated Bylaws, which is the affirmative vote of a majority of the outstanding shares entitled to vote at the Annual Meeting. In order to allow for additional voting with respect to Proposal 2 to amend the Company’s Second Amended and Restated Certificate of Incorporation only, the meeting was adjourned until Monday, September 18, 2016 at 9:00 a.m., Pacific time (the “Reconvened Meeting”).

The Reconvened Meeting was held on September 18, 2017 at the offices of Goodwin Procter LLP, 601 South Figueroa Street, 41st Floor, Los Angeles, CA 90017 and a total of 32,033,953 shares were present in person or represented by proxy at the Reconvened Meeting, constituting a quorum for the transaction of business. The voting result approving Proposal 2, as certified in the Final Report of the Inspectors of Election, is as follows:

Proposal 2: Approval of an amendment to the Company's Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company's outstanding shares of common stock.

VotesFor

VotesAgainst

VotesAbstain

BrokerNon-Votes

21,884,940

9,857,210

291,803

The stockholders voted to approve the amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended to effect a reverse stock split of the Company’s outstanding shares of common stock.


About CAPSTONE TURBINE CORPORATION (NASDAQ:CPST)

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply. The Company’s microturbines are used as battery charging generators for hybrid electric vehicle applications. Capstone offers micro turbines for commercial, industrial and utility users with product offerings ranging from 30 kilowatts (kW) to 1 megawatt in electric power output. The Company sells complete microturbine units, subassemblies, components and various accessories. It also remanufactures micro turbine engines and provides after-market parts and services. Its products include C30, C65, TA100, C200, C600, C800, C1000 and waste heat recovery generator. It also offers C65 and C200 ICHP systems.

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