FONAR CORPORATION (NASDAQ:FONR) 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
The Annual Meeting of Stockholders of Fonar Corporation (the
Company) was held at 10:00 a.m. on June 5, 2017 at the Double
Tree Hotel, Wilmington Downtown, 700 King Street, Wilmington,
Delaware 19801. At the meeting, the items of business were (1)
the election of five directors, (2) on an advisory basis, the
approval of the compensation of the Companys named executive
officers, and (3) the ratification of the selection by the board
of directors of Marcum LLP as the Company’s auditors for the
fiscal year ending June 30, 2017.
The stockholders elected Raymond V. Damadian, M.D., Claudette J.
V. Chan, Robert J. Janoff, Charles N. O’Data and Ronald G.
Lehman, all of whom were sitting directors, as the directors of
the Company. The stockholders also approved the compensation of
the named executive officers, and ratified the selection of
Marcum LLP as the Company’s auditors for the fiscal year ending
June 30, 2017.
The votes for each of the nominees for director were as follows:
| Nominee | For | Withheld | Broker Non-Votes | |||||||||
| Raymond V. Damadian | 10,490,336 | 1,766,881 | 2,285,452 | |||||||||
| Claudette J.V. Chan | 10,761,992 | 1,495,225 | 2,285,452 | |||||||||
| Robert J. Janoff | 12,073,740 | 183,477 | 2,285,452 | |||||||||
| Charles N. O’Data | 12,081,720 | 175,497 | 2,285,452 | |||||||||
| Ronald G. Lehman | 12,118,652 | 138,565 | 2,285,452 |
The votes to approve, by non-binding vote, executive compensation
were as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 12,060,541 | 125,826 | 70,850 | 2,285,452 |
The votes for the ratification of Marcum LLP as the Company’s
auditors for the fiscal year ending June 30, 2017 were as
follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 14,370,686 | 144,560 | 27,423 |
About FONAR CORPORATION (NASDAQ:FONR)
Fonar Corporation (Fonar) is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Company operates its business through two segments: Medical Equipment segment, and Physician Management and Diagnostic Services segment. Its Medical Equipment segment is conducted through Fonar. Its Physician Management and Diagnostic Services segment is conducted through its subsidiary Health Management Company of America (HMCA). It offers Upright MRI, which is used to scan any part of the body. The Upright MRI allows patients to be scanned in various conditions, such as standing, sitting, bending or lying down in any position. The Company offers SMART, where scanning allows for same-scan customization of 63 slices.