CyberOptics Corporation (NASDAQ:CYBE) 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.
CyberOptics Corporation (CyperOptics) held its annual meeting of
shareholders on May 11, 2017. At the meeting, each of Alex B.
Cimochowski, Craig D. Gates, SubodhK.Kulkarni, Irene M. Qualters,
and Michael M. Selzer, Jr. were re-elected as directors to serve
until the annual shareholder meeting in 2018 or until their
successors are elected and qualify. The shareholders of
CyberOptics approved amendments to the Non-Employee Director
Stock Plan, that eliminate annual stock option grants for our
non-employee directors and provide that share grants under the
Non-Employee Director Stock Plan will vest in four equal
quarterly installments during the year after the grant date, as
long as the non-employee director is still serving as a director
on the applicable vesting date. The shareholders approved, on a
nonbinding advisory basis, compensation for our executive
officers, and ratified the appointment of Grant Thornton LLP as
CyberOptics independent registered public accounting firm for the
year ending December 31, 2017.
As of the March 31, 2017 record date for the meeting, there were
6,943,137 shares of common stock issued and outstanding and
5,823,032 shares were represented at the annual meeting. The
voting results were as follows:
| 1. |
To elect five directors to serve until the annual meeting in 2018. |
| For | Withheld | Broker Non-Votes | |
| Alex B. Cimochowski | 3,499,494 | 481,083 | 1,842,455 |
| Craig D. Gates | 3,665,082 | 315,495 | 1,842,455 |
| Subodh K. Kulkarni | 3,940,118 | 40,459 | 1,842,455 |
| Irene M. Qualters | 3,529,212 | 451,365 | 1,842,455 |
| Michael M. Selzer, Jr. | 3,504,912 | 475,665 | 1,842,455 |
| 3. |
To approve amendments to the CyberOptics Corporation Non-Employee Director Stock Plan. |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE |
| 3,617,394 | 344,201 | 18,982 | 1,842,455 |
| 2. |
To approve, on a non-binding advisory basis, the compensation to our executive officers. |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE |
| 3,728,453 | 163,741 | 88,383 | 1,842,455 |
| 4. |
To ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm. |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE |
| 5,722,278 | 93,027 | 7,727 |
Consistent with the prior vote on the desired frequency of the
non-binding shareholder vote on the compensation of executives,
the Board of Directors of CyberOptics has determined to include
the vote on executive compensation annually in its proxy
materials until the next required vote on the frequency of such
vote.
About CyberOptics Corporation (NASDAQ:CYBE)
Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory and flash memory, and semiconductor fabrication capital equipment markets. The Company develops, manufactures and sells non-contact sensors and systems for process control and inspection, and for metrology applications and services. It also sells sensors and standalone inspection systems directly to end users. Its principal semiconductor products, the WaferSense and ReticleSense family of products, are a series of wireless sensors that provide measurements of various factors in the semiconductor fabrication process. Its SMT inspection system products are used in the SMT electronic assembly industry for process control and inspection. CyberOptics Corporation (NASDAQ:CYBE) Recent Trading Information
CyberOptics Corporation (NASDAQ:CYBE) closed its last trading session up +0.05 at 20.95 with 148,718 shares trading hands.
