GLYECO, INC. (OTCMKTS:GLYE) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
On March 25, 2019, GlyEco, Inc. (the “Company”) held an Annual Meeting of Stockholders (the “Annual Meeting”). As described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on February 25, 2019, at the Annual Meeting the Company’s stockholders voted on five (5) matters: (i) the election of five (5) directors; (ii) the ratification of the appointment of KMJ Corbin & Company, LLP as the Company’s independent auditors for the fiscal year ending December 31, 2018; (iii) the ratification of the appointment of KMJ Corbin & Company, LLP as the Company’s independent auditors for the fiscal year ending December 31, 2019; (iv) the reincorporation of the Company from the State of Nevada to the State of Delaware; and (v) the approval, on an advisory basis, of the compensation of the Company’s named executive officers.
At the Annual Meeting, stockholders representing 1,172,682 shares of common stock, or approximately 84.74% of the 1,383,731 shares of common stock outstanding as of February 26, 2019, the record date for the Annual Meeting, were present in person or by proxy, constituting a quorum for the purposes of the Annual Meeting.
Proxies for the Annual Meeting were solicited to Section 14(a) of the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to management’s nominees for directors. All nominees for directors listed below were elected. The term of office for each director will be until the next Annual Meeting of Stockholders or until their successors are elected and qualified.
The final results of the election of directors were as follows:
| Name | For | Withheld | Broker Non-Votes |
| Dwight B. Mamanteo | 882,911 | 289,245 | |
| Charles F. Trapp | 860,411 | 23,026 | 289,245 |
| Frank Kneller | 882,911 | 289,245 | |
| Scott Nussbaum | 877,982 | 5,455 | 289,245 |
| Richard Geib | 882,982 | 289,245 |
The Company’s stockholders ratified the appointment of KMJ Corbin & Company LLP as the Company’s independent auditors for the fiscal year ending December 30, 2018 by a vote of 1,171,559 shares for, 319 shares against and 804 shares abstaining. There were no broker non-votes.
The Company’s stockholders ratified the appointment of KMJ Corbin & Company LLP as the Company’s independent auditors for the fiscal year ending December 30, 2019 by a vote of 1,171,559 shares for, 319 shares against and 804 shares abstaining. There were no broker non-votes.
The Company’s stockholders approved the reincorporation of the Company from the State of Nevada to the State of Delaware by a vote of 882,686 shares for, 751 shares against and no shares abstaining. There were 289,245 broker non-votes.
The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers by a vote of 858,128 shares for, 964 shares against and 24,345 shares abstaining. There were 289,245 broker non-votes.
About GLYECO, INC. (OTCMKTS:GLYE)
GlyEco, Inc. is engaged in processing of waste glycol into recycled glycol products, specifically automotive antifreeze, and related specialty blended antifreeze, which it sells in the automotive and industrial end markets. The Company’s product offerings include High-Quality Recycled Glycols, Recycled Antifreeze, Recycled HVAC Fluids, Waste Glycol Disposal Services and Windshield Washer Fluid. The Company’s technology allows it to produce glycols, which can be used in industrial application. It formulates various universal recycled antifreeze products for engine coolants. In addition, it customs blend recycled antifreeze to customer specifications. It formulates a universal recycled, heating, ventilating and air conditioning (HVAC) coolant for HVAC fluids. Utilizing its fleet of collection/delivery trucks, the Company collects waste glycol from generators for recycling. It delivers Windshield Washer Fluid product into same store and new store customers as a non-recycled product.