Cognex Corporation (NASDAQ:CGNX) 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
Annual Meeting of Shareholders (the Meeting). As of the record
date for the Meeting, there were 86,649,349 shares of common
stock of the Company outstanding and entitled to vote. The
79,695,273 shares represented at the Meeting were voted as
follows:
| 1. |
The election of Patrick A. Alias, Theodor Krantz and J.
Bruce Robinson as Directors to serve for a term ending in 2020. Each nominee for director was elected by a vote of the shareholders as follows: |
| For | Against | Abstained |
Broker
Non-Votes
|
||
| Patrick A. Alias | 67,854,572 | 3,592,882 | 941,175 | 7,306,644 | |
| Theodor Krantz | 70,479,697 | 962,748 | 946,184 | 7,306,644 | |
| J. Bruce Robinson | 70,438,312 | 1,007,384 | 942,933 | 7,306,644 |
| 2. |
To cast a non-binding advisory vote to approve the
compensation of the Companys named executive officers as described in the Proxy Statement including the Compensation Discussion and Analysis, compensation tables and narrative discussion (say-on-pay). The proposal was approved by a vote of the shareholders as follows: |
|
For
|
69,092,632
|
||
| Against |
2,301,761
|
||
|
Abstained
|
994,236
|
||
|
Broker Non-Votes
|
7,306,644
|
| 3. |
To cast a non-binding advisory vote regarding the
frequency of say-on-pay proposals. The voting results on this proposal were as follows: |
| Annual |
64,056,015
|
||
| Biennial |
221,222
|
||
| Triennial |
7,143,355
|
||
| Abstained |
968,037
|
||
| Broker Non-Votes |
7,306,644
|
|
Based on these results, and consistent with the
recommendation of the Board of Directors, the Company will continue to conduct an advisory vote on the compensation of the Companys named executive officers on an annual basis until the next advisory vote on the frequency of such say-on-pay votes. |
| 4. |
To ratify the selection of Grant Thornton LLP as the
Companys independent registered public accounting firm for fiscal year 2017. The proposal was approved by a vote of the shareholders as follows: |
|
For
|
78,168,740
|
||
| Against |
568,195
|
||
|
Abstained
|
958,338
|
||
|
Broker Non-Votes
|
| 5. |
To consider and act upon a shareholder proposal
regarding the composition of the initial list of candidates from which new director nominees are chosen, if properly presented at the meeting. The proposal was approved by a vote of the shareholders as follows: |
|
For
|
44,777,144
|
||
| Against |
26,535,741
|
||
|
Abstained
|
1,075,744
|
||
|
Broker Non-Votes
|
7,306,644
|
About Cognex Corporation (NASDAQ:CGNX)
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process. The Company’s products include vision software, vision systems, vision sensors and ID products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products have a range of physical forms, depending upon the user’s need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners. Its service offerings include maintenance and support, consulting and training services. Cognex Corporation (NASDAQ:CGNX) Recent Trading Information
Cognex Corporation (NASDAQ:CGNX) closed its last trading session up +4.59 at 90.22 with 1,169,222 shares trading hands.
