Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
On September 26, 2017, Firsthand Technology Value Fund, Inc., held its Annual Meeting of Shareholders to (1) elect two directors, and (2) ratify the selection of Tait Weller & Baker LLP as the independent registered public accountant. At the close of business on the record date, August 9, 2017, an aggregate of 7,430,697 shares of common stock were issued and outstanding.
Proposal 1. The election of Directors:
|
Nominee |
For |
Withheld |
Broker Non-Vote |
|
Kevin Landis |
|||
to the foregoing votes, nominees listed above were elected to serve on the Company's Board of Directors. A broker non-vote occurs when a broker holding shares for a beneficial owner does not vote on a particular proposal because the broker does not have discretionary voting power for that particular item and has not received instructions from the beneficial owner or other persons entitled to vote.
Proposal 2. The ratification of the selection of Tait Weller & Baker as the Company’s independent registered accounting firm for the fiscal year ending December 31, 2017:
|
For |
Against |
Abstain |
Proposal 3 in the proxy materials was withdrawn by the submitting shareholder prior to the meeting, and therefore not presented for consideration at the shareholder meeting and not voted upon.
About Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)
Firsthand Technology Value Fund, Inc. is an externally managed, closed-end, non-diversified management investment company. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. It invests approximately 80% of its total assets for investment purposes in technology companies. It invests approximately 70% of its assets in privately held companies and public companies. It may invest approximately 30% of the portfolio in opportunistic investments. Its portfolio comprises equity and equity derivative securities of technology and cleantech companies. Its principal focus is to invest in illiquid private technology and cleantech companies and it may also invest in micro-cap publicly traded companies. It invests in industries, such as advanced materials, cloud computing, biofuels and fuel cells, among others. Firsthand Capital Management, Inc. is the Fund’s investment advisor.
