Finisar Corporation (NASDAQ:FNSR) Files An 8-K Submission of Matters to a Vote of Security Holders

Finisar Corporation (NASDAQ:FNSR) 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.

Story continues below

On March26, 2019, Finisar Corporation, a Delaware corporation (“Finisar” or the “Company”), held a special meeting of the Company’s stockholders in Menlo Park, California (the “Finisar Special Meeting”). As of February5, 2019, the Company’s record date for the Special Meeting, there were a total of 117,900,912 shares of common stock, par value $0.001 per share, (the “Finisar common stock”) outstanding and entitled to vote at the Finisar Special Meeting. At the Finisar Special Meeting, 87,585,666 shares of Finisar common stock were present or represented by proxy and, therefore, a quorum was present. The Company’s stockholders voted on three proposals, each of which was approved by the requisite vote of the Company’s stockholders. The final voting results for the proposals are set forth below.

Proposal 1: A proposal to adopt the Agreement and Plan of Merger, dated as of November8, 2018, as may be amended from time to time (the “Merger Agreement”), by and among II-VI Incorporated, a Pennsylvania corporation (“II-VI”), Mutation Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of II-VI Incorporated, and Finisar (the “Merger Proposal”).

For

Against

Abstain

87,036,284

473,723

75,659

Proposal 2: A proposal to approve adjournments of the Finisar Special Meeting, if necessary or appropriate, including to solicit additional proxies if there are insufficient votes at the time of the Finisar Special Meeting to approve the Merger Proposal.

For

Against

Abstain

81,250,046

6,229,842

105,778

Proposal 3: A proposal to approve, by non-binding, advisory vote, certain compensation that may be paid or become payable to Finisar’s named executive officers in connection with the merger contemplated by the Merger Agreement and the agreements and understandings to which such compensation may be paid or become payable.

For

Against

Abstain

72,073,200

14,646,857

865,609

The affirmative vote of stockholders of the Company holding a majority of the outstanding shares of Finisar common stock entitled to vote on the Merger Proposal satisfies one of the conditions to the closing of the merger contemplated by the Merger Agreement, which remains subject to other customary closing conditions.

About Finisar Corporation (NASDAQ:FNSR)

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second (Gbps), to more than 100 Gbps, over distances of less than 10 meters to more than 2,000 kilometers, using a range of network protocols and physical configurations.

An ad to help with our costs