ELECTRO-SENSORS, INC. (NASDAQ:ELSE) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
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Submission of Matters to a Vote of Security Holders. |
The Company held its Annual Meeting of Shareholders on April 26,
2017 (the 2017 Annual Meeting). Set forth below is a brief
description of each matter voted upon at the meeting and the
voting results with respect to each matter.
| 1. | A proposal to set the number of directors at five. |
| For | Against | Abstentions | Broker Non-Votes | |
| 3,021,254 | 64,959 | 3,458 | 11,885 |
| 2. |
A proposal to elect five directors to serve until the next annual meeting ofshareholders: |
| Director Nominee | Votes For | Votes Withheld | Broker Non-Vote | |
| Scott A. Gabbard | 2,266,461 | 39,053 | 796,042 | |
| David L. Klenk | 2,266,461 | 39,053 | 796,042 | |
| Joseph A. Marino | 2,266,461 | 39,053 | 796,042 | |
| Jeffrey D. Peterson | 2,266,461 | 39,053 | 796,042 | |
| Michael C. Zipoy | 2,266,461 | 39,053 | 796,042 |
| 3. |
A proposal to ratify the appointment of Boulay PLLP as independent registered public accounting firm for the fiscal year ending December 31, 2017. |
| For | Against | Abstentions | Broker Non-Votes | |
| 3,097,198 | 3,438 |
to the foregoing votes, the number of directors was set at five;
Messrs. Gabbard, Klenk, Marino, Peterson, and Zipoy were elected
to serve as directors until the next annual meeting of
shareholders; and the appointment of Boulay PLLP as independent
registered public accounting firm for the fiscal year ending
December 31, 2017 was ratified.
About ELECTRO-SENSORS, INC. (NASDAQ:ELSE)
Electro-Sensors, Inc. is engaged in manufacturing and selling industrial production monitoring and process control systems. The Company manufactures and sells monitoring systems that measure actual machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. The Company’s segments include Production Monitoring and Investments. The Production Monitoring division manufactures and markets production monitoring equipment, in particular speed monitoring and motor control systems for industrial machinery. The Company markets its products to various industries located throughout the United States, Canada, Mexico, Latin America, Europe and Asia. The speed monitoring systems compare revolutions per minute or speed against acceptable rates as determined by a customer. The speed monitoring systems also include a line of products that measure production counts or rates, such as parts, gallons, or board feet. ELECTRO-SENSORS, INC. (NASDAQ:ELSE) Recent Trading Information
ELECTRO-SENSORS, INC. (NASDAQ:ELSE) closed its last trading session up +0.02 at 3.93 with 1,685 shares trading hands.
