CHINA XD PLASTICS COMPANY LIMITED (NASDAQ:CXDC) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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CHINA XD PLASTICS COMPANY LIMITED (NASDAQ:CXDC) 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 December 3, 2016, China XD Plastics Company Limited (the
“Company”) held its 2016 Annual Meeting of Stockholders (the
“Annual Meeting”), for the purpose of: (i) electing eight (8)
directors; (ii) approving, on an advisory basis, the 2015
compensation of named executive officers (the “say-on-pay
vote”); and (iii) ratifying the appointment of KPMG Huazhen LLP
as the Company’s independent registered certified public
accountant for the fiscal year ending December 31, 2016. For more
information on the proposals described below, please refer to the
Company’s proxy statement dated November 22, 2016.
As of November 21, 2016, the record date for the Annual Meeting,
there were a total of 49,556,541 shares of common stock, par
value $0.0001 per share (the “Common Stock”), 1,000,000 shares
of series B preferred stock, par value $0.0001 per share (the
“Series B Preferred Stock”), and 16,000,000 shares of series D
preferred stock, par value $0.0001 per share (the “Series D
Preferred Stock”) issued and outstanding and entitled to vote at
the Annual Meeting. At the Annual Meeting, 32,968,246 shares of
Common Stock, 1,000,000 shares of Series B Preferred Stock, and
16,000,000 shares of Series D Preferred Stock, collectively
representing an approximately 84.82% of the combined voting power
of all classes of stock entitled to vote, were represented in
person or by proxy, and therefore a quorum was present.
The voting results for each of the proposals voted upon are as
follows:
Proposal 1 Election of Directors
The eight (8) nominees proposed by the Board of Directors were
elected to serve as directors until the Company’s Annual Meeting
of Stockholders to be held in 2017 and until each director’s
successor is duly elected and qualified. The voting results for
each nominee were as follows:
Nominee
For
Withheld
Broker Non-votes
Jie Han
49,967,978
16,588,295
Taylor Zhang
49,967,978
16,588,295
Qingwei Ma
49,967,978
16,588,295
Lawrence W. Leighton
49,945,478
22,768
16,588,295
Linyuan Zhai
49,945,478
22,768
16,588,295
Feng Li
49,945,478
22,768
16,588,295
Homer Sun*
16,000,000
N/A
Jun Xu*
16,000,000
N/A
* Homer Sun and Jun Xu were voted on solely by the holders of
Series D Preferred Stock.
Proposal 2 Approval, on an Advisory Basis, of the 2014
Compensation of Named Executive Officers (the “Say-On-Pay
Vote”)
Stockholders approved, on an advisory basis, the compensation of
the Company’s named executive officers, based on the following
voting results:
For
Against
Abstain
Broker Non-votes
49,964,078
3,900
16,588,295
Proposal 3 Approval, on an Advisory Basis, of the frequency to
hold an advisory vote to approve the compensation for the named
executive officers every year (the “Say-On-Frequency Vote”)
Stockholders approved, on an advisory basis, holding an advisory
vote to approve the compensation for the named executive officers
every year:
1 YEAR
2 YEARS
THREE YEARS
Abstain
Broker Non-votes
49,964,346
3,900
16,588,295
Proposal 4 Ratification of Appointment of KPMG Huazhen LLP as the
Company’s Independent Auditor
Stockholders ratified the appointment of KPMG Huazhen LLP as the
Company’s independent registered certified public accountant for
the fiscal year ending December 31, 2016, based on the following
voting results:
For
Against
Abstain
Broker Non-votes
49,967,446
16,588,295
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
Exhibit Description
99.1
Press Release dated December 5, 2016.


About CHINA XD PLASTICS COMPANY LIMITED (NASDAQ:CXDC)

China XD Plastics Company Limited (China XD) is a specialty chemical company. The Company is engaged in the research, development, manufacture and sale of modified plastics for automotive applications in China and to a lesser extent, in Dubai, the United Arab Emirates (UAE). The Company operates in the modified plastics segment. Through its subsidiaries, Heilongjiang Xinda Enterprise Group Company Limited (HLJ Xinda Group) and AL Composites Materials FZE (Dubai Composites), the Company manufactures and sells polymer composite materials (including modified plastics), for automotive applications. The Company’s products categories include Modified Polypropylene (PP), Modified Acrylonitrile Butadiene Styrene (ABS), Modified Polyamide 66 (PA66), Modified Polyamide 6 (PA6), Modified Polyoxymethylenes (POM), Modified Polyphenylene Oxide (PPO), Plastic Alloy, Modified Polyphenylene Sulfide (PPS), Modified Polyimide (PI), Modified Polylactic Acid (PLA) and Poly Ether Ether Ketone (PEEK).

CHINA XD PLASTICS COMPANY LIMITED (NASDAQ:CXDC) Recent Trading Information

CHINA XD PLASTICS COMPANY LIMITED (NASDAQ:CXDC) closed its last trading session up +0.03 at 4.53 with 5,192 shares trading hands.