eMagin Corporation (NYSEMKT:EMAN) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
eMagin Corporation (NYSEMKT:EMAN) Files An 8-K Submission of Matters to a Vote of Security Holders
On December 5, 2019, eMagin Corporation (the “Company”) held its Annual Meeting of Stockholders. As of October 17, 2019, the record date for the meeting, the Company had outstanding and entitled to vote 49,173,773 shares of common stock and 5,659 shares of its outstanding Series B Convertible Preferred Stock, where each such share of Series B Convertible Preferred Stock was entitled to voting rights equal to the number of shares of common stock issuable upon conversion of the Series B Convertible Preferred Stock, which was a total of 7,545,333 shares of common stock. All matters submitted to a vote of the Company’s stockholders at the annual meeting were approved and all director nominees were elected.
The certified results of each of the matters voted upon at the annual meeting, which are more fully described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on October 23, 2019 (the “Proxy Statement”), are as follows:
(1) Election of six (6) directors for terms expiring at the 2020 annual meeting of stockholders and until their successors are duly elected and qualified.
There were 0 broker non-votes regarding this proposal.
(3) Approval of a potential amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the outstanding shares of the Company’s common stock at a ratio within the range of 1-for-10 to 1-for-20, such ratio to be determined in the sole discretion of the Company’s Board of Directors.
There were 0 broker non-votes regarding this proposal.
(4) Approval of the Company’s 2019 Employee and Consultant Stock Option and Incentive Plan.
(5) Approval of the Company’s 2019 Non-Employee Director Stock Option and Incentive Plan.
(6) Approval, on an advisory basis of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.
About eMagin Corporation (NYSEMKT:EMAN)
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field. The Company’s virtual imaging products integrate OLED technology with silicon chips to produce microdisplays smaller than one-inch diagonally, which when viewed through a magnifier, create virtual images that appear comparable in size to that of a computer monitor or a large-screen television. The Company offers its products to OEMs and other buyers as both separate components, integrated bundles coupled with its own optics, or full systems. The Company also offers engineering support. Its products include SVGA+ OLED Microdisplay Series, Digital SVGA OLED-XL, SXGA096 OLED-XL/XLS, SXGA OLED-XL, WUXGA OLED-XL, VGA OLED-XL and Integrated Modules.
