CEMTREX, INC. (NASDAQ:CETX) 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.
On March 6, 2017, the 2016 Annual Meeting of Shareholders (the
2016 Annual Meeting) of Cemtrex Inc. (Cemtrex or the Company) was
held. For more information about the proposals set forth, please
see the Companys 2016 Proxy Statement. On the record date of
January 13, 2017 there were 9,996,616 shares of the Companys
common stock issued, outstanding and entitled to vote and
10,096,582 votes of the Companys Series A Preferred Stock held by
Aron Govil, Executive Director of the Company, for a total of
20,093,198 voting shares. At the 2016 Annual Meeting, a total of
14,730,536 voting shares (for a quorum of 73%) 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.
Proposal 1 Voting to elect five nominees to the Companys Board of
Directors (the Board) for a one-year term expiring at the 2017
Annual Meeting of Shareholders, or until their successors are
elected and qualified:
| Number of shares | ||||||||||||||||
| Nominee | For | Against | Abstain | Broker Non-votes | ||||||||||||
| Saagar Govil | 14,728,336 | 2,200 | – | – | ||||||||||||
| Aron Govil | 14,728,336 | 2,200 | – | – | ||||||||||||
| Raju Panjwani | 14,728,336 | 2,200 | – | – | ||||||||||||
| Sunny Patel | 14,728,336 | 2,200 | – | – | ||||||||||||
| Shamik Shah | 14,728,336 | 2,200 | – | – | ||||||||||||
Each nominee was elected by the Companys shareholders, consistent
with the recommendation from the Board.
Proposal 2 – Ratification of the Appointment of the Companys
Independent registered public accounting firm: Voting to ratify
Bharat Parikh Associates as the Companys independent registered
public accounting firm for the fiscal year ending September 30,
2017:
| For: 14,720,116 |
| Against : 2,200 |
| Abstain: 8,200 |
Proposal 2 was approved by the Companys shareholders, consistent
with the recommendation from the Board.
Proposal 3 – Say on Pay: Voting on a non-binding advisory vote
regarding the compensation of our named executive officers.
| For: 14,728,136 |
| Against: 2,400 |
Proposal 3 was approved by the Companys shareholders, consistent
with the recommendation from the Board.
Proposal 4 – Say on Frequency: Voting on a non-binding advisory
vote regarding whether shareholders prefer to vote on our
compensation program once a year, once every two years or once
every three years.
| Once a year: 0 |
| Once every two years: 8,299 |
| Once every three years: 14,722,237 |
Proposal 4 was approved by the Companys shareholders, consistent
with the recommendation from the Board. Subsequent to shareholder
approval, the Board adopted resolutions approving a Say-on-Pay
vote every three years.
About CEMTREX, INC. (NASDAQ:CETX)
Cemtrex, Inc. is a diversified industrial and manufacturing company. The Company operates in a range of business segments and provides solutions to manufacturing industries. The Company provides electronic manufacturing services of electronic system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems. The Company, through its Electronics Manufacturing Services group, provides end-to-end electronic manufacturing services, which include product design and sustaining engineering services, systems integration, testing services and assembled electronic products. The Company, through its Environmental Products and Systems group, sells air filtration and environmental control products to a range of industrial and manufacturing industries. The Company, under the Griffin Filters brand, provides an air filtration and environmental control equipment to various industries. CEMTREX, INC. (NASDAQ:CETX) Recent Trading Information
CEMTREX, INC. (NASDAQ:CETX) closed its last trading session up +0.05 at 3.40 with 1,190,037 shares trading hands.