Charles & Colvard, Ltd. (NASDAQ:CTHR) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
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Submission of Matters to a Vote of Security Holders. |
Charles Colvard, Ltd. (the Company) held its Annual Meeting of
Shareholders on May 17, 2017. The shareholders considered three
proposals, each of which is described in more detail in the
definitive proxy statement for the Companys 2017 Annual Meeting
of Shareholders filed with the Securities and Exchange Commission
on April 19, 2017 (the Proxy Statement).
Proposal 1: To elect five nominees described in the Proxy
Statement to the Companys Board of Directors. The votes were cast
as follows:
| For | Withheld | Broker Non-Votes | |||
| Neal I. Goldman | 6,464,728 | 1,382,555 | 11,543,863 | ||
| Anne M. Butler | 6,640,015 | 1,207,268 | 11,543,863 | ||
| Jaqui Lividini | 6,645,922 | 1,201,361 | 11,543,863 | ||
| Suzanne Miglucci | 6,737,011 | 1,110,272 | 11,543,863 | ||
| Ollin B. Sykes | 6,244,908 | 1,602,375 | 11,543,863 |
All director nominees were duly elected.
Proposal 2: To ratify the appointment of BDO USA, LLP as
the Companys independent registered public accounting firm for
the year ending December 31, 2017. The votes were cast as
follows:
| For | Against | Abstain | ||
| 18,577,364 | 99,063 | 714,719 |
Proposal 2 was approved.
Proposal 3: To vote, on an advisory (nonbinding) basis, to
approve executive compensation. The votes were cast as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 7,359,618 | 452,538 | 35,127 | 11,543,863 |
Proposal 3 was approved.
About Charles & Colvard, Ltd. (NASDAQ:CTHR)
Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries. The Company manages its business primarily through its three distribution channels that it uses to sell its product lines, loose jewels and finished jewelry, which included Charles and Colvard Direct, LLC. The Company sells loose moissanite jewels and finished jewelry featuring moissanite at wholesale to retailers, television (TV) shopping networks, and designers to be sold to end consumers and directly to consumers through its e-commerce sales channel Moissanite.com. The Company primarily sells moissanite jewels, including Forever Classic and Forever Brilliant. Charles & Colvard, Ltd. (NASDAQ:CTHR) Recent Trading Information
Charles & Colvard, Ltd. (NASDAQ:CTHR) closed its last trading session down -0.020 at 0.880 with 7,674 shares trading hands.
