CompX International Inc. (NYSEMKT:CIX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
elected Scott C. James as the registrant’s president and chief
executive officer. Mr. James was formerly the registrant’s
president and chief operating officer. David A. Bowers was
formerly the registrant’s chief executive officer, and Mr.
Bowers continues to serve as the registrant’s vice chairman of
the board.
chief operating officer from 2014 to May 2017, and has served as
president of both of the registrant’s divisions, CompX Security
Products and CompX Marine, since 2002 and 2005, respectively. He
served as the registrant’s vice president from 2002 to 2014.
Since 1992, Mr. James has served in various sales, marketing and
executive positions with the registrant’s security products
operations.
| Item 5.07 |
Submission of Matters to a Vote of Security Holders.
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May 24, 2017. At the close of business on the record date for the
annual meeting 2,419,107 shares of the registrant’s class A
common stock and 10,000,000 shares of the registrant’s class B
common stock were issued and outstanding and eligible to vote at
the meeting. Each share of the registrant’s class A common stock
entitles its holder to one vote. Each share of the registrant’s
class B common stock entitles its holder to ten votes with
respect to the election of directors and one vote on all other
matters.
on the three proposals described in detail in the registrant’s
definitive proxy statement on Schedule 14A filed with the U.S.
Securities and Exchange Commission on April 13, 2017.
Stockholders present at the 2017 annual meeting, either in person
or by proxy, represented 97.6% of the 12,419,107 votes eligible
at the meeting to vote on all matters other than the election of
directors and 99.7% of the 102,419,107 votes eligible at the
meeting for the election of each director nominee.
Bowers, Loretta J. Feehan, Elisabeth C. Fisher, Robert D. Graham,
Ann Manix, Cecil H. Moore, Jr. and Mary A. Tidlund as directors.
Each director nominee received votes “For” his or her election
from at least 99.1% of the eligible votes for the election of
each director.
Executive Compensation
nonbinding advisory basis, approving the compensation of the
registrant’s named executive officers as described in the
registrant’s 2017 proxy statement. The resolution received the
approval from 94.2% of the eligible votes for this proposal at
the annual meeting.
Preferred Frequency of Executive Compensation Votes
basis, on the preferred frequency of every year, every other year
or every third year for future advisory votes on the named
executive officer compensation as disclosed to the compensation
disclosure rules of the U.S. Securities and Exchange Commission.
An annual vote on such named executive officer compensation
received the vote of 95.4% of the eligible votes for this
proposal at the annual meeting. In light of the results of this
nonbinding advisory vote, the registrant currently intends in the
future to hold an annual nonbinding advisory vote on such named
executive officer compensation.
| Item 7.01 |
Regulation FD Disclosure.
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press release issued on May 24, 2017, a copy of which is attached
hereto as Exhibit 99.1 and incorporated herein by reference. The
information the registrant furnishes in this report under this
Item 7.01, and the exhibit in Item 9.01, is not deemed “filed”
for purposes of section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
section. Registration statements or other documents filed with
the U.S. Securities and Exchange Commission shall not incorporate
this information by reference, except as otherwise expressly
stated in such filing.
| Item 9.01 |
Financial Statements and Exhibits.
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(d)
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Exhibits
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Item No.
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Exhibit Index
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99.1
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Press release dated May 24, 2017 issued by the registrant.
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About CompX International Inc. (NYSEMKT:CIX)
CompX International Inc. is a manufacturer of security products used in the recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare and other industries, and stainless steel exhaust systems, gauges and throttle controls for the recreational marine industry. The Company operates through two business segments: Security Products and Marine Components. Its security products include disc tumbler locks; pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks. Its marine components include original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers and other exhaust components; gauges; mechanical and electronic controls and throttles; steering wheels and other billet aluminum accessories, and dash panels. The Company’s brands include National Cabinet Lock, Fort Lock, Timberline Lock, Chicago Lock, Mega Rim, Race Rim, Vantage View and GEN-X. CompX International Inc. (NYSEMKT:CIX) Recent Trading Information
CompX International Inc. (NYSEMKT:CIX) closed its last trading session up +0.07 at 14.25 with 2,867 shares trading hands.