DYNATRONICS CORPORATION (NASDAQ:DYNT) Files An 8-K Submission of Matters to a Vote of Security Holders

DYNATRONICS CORPORATION (NASDAQ:DYNT) 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.

Dynatronics Corporation, a Utah corporation (the "Company"), held its Annual Meeting of Shareholders on December 3, 2018. The total number of shares of common stock issued and outstanding on an as-converted basis as of October 4, 2018 (the “Record Date”) and entitled to vote at the Annual Meeting was 11,189,028 shares, including: 8,226,523 shares of common stock, 2,000,000 shares of Series A 8% Convertible Preferred Stock, or Series A Preferred, (1,636,133 voting power after applicable voting cutback), and 1,459,000 shares of Series B Convertible Preferred Stock, or Series B Preferred, (1,326,372 voting power after applicable voting cutback). The “votingcutback”limits the number of "as-if-converted common shares" that may be voted by a holder of shares of the Company’s voting preferred stock (its Series A Preferred and Series B Preferred) to that number of shares of the Company’s common stock issuable upon conversion of such preferred stock held by the holder that exceeds the quotient of (x) the aggregate purchase price paid for the preferred stock by such holder, divided by (y) the greater of (i) $2.50 and (ii) the market price of the common stock on the trading day immediately prior to the date of issuance of the preferred stock.

A total of 9,544,745 shares (approximately 85%) of common stock (on an as-converted basis, after giving effect to applicable voting cutbacks) entitled to vote at the Annual Meeting were represented by proxy or in person at the meeting.The following is a tabulation of the voting on the proposals presented at the Annual Meeting, with all results of voting presented on anas-convertedbasis:

Proposal No. 1 – Election of Directors

Shareholders voted to elect four directors to hold office until the next annual meeting of the Company’s shareholders or until their respective successors have been elected or appointed and qualified, by a plurality of votes cast, as set forth below:

Numberof

Numberof

Numberof

Shares

Shares

BrokerNon-

Name

SharesFor

Withheld

Abstaining

Votes

Kelvyn H. Cullimore, Jr.

7,436,192

83,546

Scott A. Klosterman

7,443,452

76,286

Christopher R. von Jako

7,443,571

76,167

R. Scott Ward

7,433,452

76,286

Proposal No. 2 – Ratification of Appointment of Auditor

Shareholders voted to ratify on an advisory basis the appointment of Tanner LLC as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2019, as set forth below:

Numberof

Numberof

Numberof

Shares

Shares

BrokerNon-

SharesFor

Against

Abstaining

Votes

9,518,265

15,951

10,529

Proposal No. 3 –Approval of Dynatronics Corporation 2018 Equity Incentive Plan

Shareholders voted to approve the Dynatronics Corporation 2018 Equity Incentive Plan, as set forth below:

Numberof

Numberof

Numberof

Shares

Shares

BrokerNon-

SharesFor

Against

Abstaining

Votes

7,215,073

141,054

163,611

Item 5.07 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Description

Dynatronics Corporation 2018 Equity Incentive Plan


DYNATRONICS CORP Exhibit
EX-10.1 2 dynt_ex101.htm DYNATRONICS CORPORATION 2018 EQUITY INCENTIVE PLAN Blueprint   Exhibit 10.1 APPENDIX A ______________________________________________________________________________       _____________________________________________________________   DYNATRONICS CORPORATION   2018 EQUITY INCENTIVE PLAN _____________________________________________________________                                   ______________________________________________________________________________     DYNATRONICS CORPORATION 2018 EQUITY INCENTIVE PLAN     1           Purpose; Eligibility.   1.1           General Purpose. The name of this plan is the Dynatronics Corporation 2018 Equity Incentive Plan (the “Plan”). The purposes of the Plan are to (a) enable Dynatronics Corporation,…
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About DYNATRONICS CORPORATION (NASDAQ:DYNT)

Dynatronics Corporation is a manufacturer and distributor of physical medicine products. The Company’s products include a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Its products are used by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals. Its physical medicine products include therapeutic modalities, such as Dynatron Solaris, including electrotherapy and thermal therapy, and 25 Series, including electrotherapy and ultrasound; manufactured capital products, including traction systems and wood furniture; manufactured supplies, including cold packs, straps, wedges, bolsters and mats; distributed capital products, including hydrotherapy, weight training equipment and pilates, and distributed supplies, including clinical accessories, sports med and taping products, lotions and gels.

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