CPS TECHNOLOGIES CORP. (NASDAQ:CPSH) 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 May 5, 2017, CPS Technologies Corp. (CPS or the Company) held
its 2017 Annual Meeting of Stockholders (the Annual Meeting). Of
the 13,203,436 shares of the Companys common stock outstanding
and eligible to vote at the Annual Meeting, 10,290,017 shares, or
77.93% of the eligible common stock, were present either in
person or by proxy. Based on the results reported by an
independent inspector of elections, in excess of 87% of votes
cast at the Annual Meeting were in support of each of the
Companys four nominees. The final results of the matters voted on
at the Annual Meeting are provided below:
Proposal 1: The following individuals were elected as
directors to hold office until the next annual meeting of
stockholders or until their respective successors are elected and
qualified.
| Director Name | For | For (%) | Against | Abstained | |||||
| Grant C. Bennett | 9,228,647 | 89.7 | 1,058,350 | 3,020 | |||||
| Francis J. Hughes, Jr. | 8,955,247 | 89.2 | 1,081,750 | 253,020 | |||||
| Daniel C. Snow | 8,961,578 | 87.1 | 1,325,419 | 3,020 | |||||
| Thomas M. Culligan | 9,205,247 | 89.5 | 1,081,750 | 3,020 |
Proposal 2: Advisory vote to approve named executive
officer compensation.
| For | Against | Abstained | |||||||
| 9,185,047 (89.3%) | 1,077,450 (10.5%) |
27,520 (0.3%) |
Item 8.01. Other Events
On May 8, 2017, the Company issued a press release announcing the
election of Grant C. Bennett, Francis J. Hughes, Jr., Daniel C.
Snow, Thomas M. Culligan as directors at the Annual Meeting. The
full text of the press release of attached hereto as Exhibit 99.1
and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release |
About CPS TECHNOLOGIES CORP. (NASDAQ:CPSH)
CPS Technologies Corporation (CPS) provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. Its primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. It designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It provides lids and heat spreaders used with integrated circuits in Internet switches and routers. It provides baseplates and housings used in modules built with wide band gap semiconductors, such as silicon carbide (SiC) and gallium nitride (GaN). The Company also assembles housings and packages for hybrid circuits. These housings and packages may include MMC components. Its products are manufactured by processes, including the Quickset Injection Molding Process and the QuickCast Pressure Infiltration Process. CPS TECHNOLOGIES CORP. (NASDAQ:CPSH) Recent Trading Information
CPS TECHNOLOGIES CORP. (NASDAQ:CPSH) closed its last trading session up +0.10 at 1.39 with 110,701 shares trading hands.
