CUI Global, Inc. (NASDAQ:CUI) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders
At the Annual Meeting of Shareholders for CUI Global, Inc. (“The Company”) on December 3, 2018, the Company’s shareholders: (i) elected five directors; (ii) ratified the appointment of Perkins & Company, P.C. of the BDO Alliance as the Company’s independent registered public accounting firm for the year ending December 31, 2018; and (iii) disapproved, on an advisory basis, the compensation paid to the Company’s named executive officers. Set forth below are the voting results for each of these proposals.
Proposal 1: Election of five directors – each to a one-year term:
|
Nominee |
For |
Withheld |
Broker Non-votes |
|
William J. Clough |
11,508,450 | 4,974,473 | 7,548,652 |
|
C. Stephen Cochennet |
15,317,717 | 1,165,206 | 7,548,652 |
|
Sean P. Rooney |
12,148,287 | 4,334,636 | 7,548,652 |
|
Paul D. White |
9,679,977 | 6,802,946 | 7,548,652 |
|
Corey A. Lambrecht |
9,661,748 | 6,821,175 | 7,548,652 |
Proposal 2: Ratification of the appointment of Perkins & Company, P.C. of the BDO Seidman Alliance as the Company’s independent registered public accountants for the year ending December 31, 2018:
|
For |
Against |
Abstain |
Broker Non-votes |
| 23,654,762 | 117,168 | 259,645 | — |
Proposal 3: Advisory Disapproval of the Company’s Executive Compensation (Say-on-Pay):
|
For |
Against |
Abstain |
Broker Non-votes |
| 6,459,527 | 7,612,573 | 2,410,823 | 7,548,652 |
About CUI Global, Inc. (NASDAQ:CUI)
CUI Global, Inc. is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. (CUI), CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs). Its Power and Electro-Mechanical segment aggregates its product offerings into over two categories: components, including connectors, speakers, buzzers, test and measurement devices, and control solutions, including encoders and sensors, and power solutions. Its Energy segment includes its subsidiaries, Orbital Gas Systems Limited (Orbital) and the Orbital Gas Systems, North America, Inc., which consist of gas related test and measurement systems, including the GasPT, a natural gas inferential metering device. The Other segment includes corporate activity.