HIGHPOWER INTERNATIONAL, INC. (NASDAQ:HPJ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
At our Annual Meeting of stockholders held on December2, 2017 (see Item 5.07 below), our stockholders approved the adoption of the Highpower International, Inc. 2017 Omnibus Incentive Plan (the "2017 Plan"), which had previously been approved by our board of directors. A copy of the 2017 Plan is attached to this filing as Exhibit 10.1. The 2017 Plan authorizes the grant of awards covering up to 2,250,000 shares of our common stock. No further grants will be made under the Highpower International, Inc. 2008 Omnibus Incentive Plan.
| Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
Presented below are the voting results for the proposals (described in detail in our Definitive Proxy Statement filed with the Securities and Exchange Commission on October 20, 2017, the relevant portions of which are incorporated herein by reference) submitted to our stockholders at our Annual Meeting of Stockholders held on December 2, 2017 ("Annual Meeting").
At the Annual Meeting, stockholders representing 11,601,290 shares or 75.0% of the 15,476,000 shares of common stockoutstanding on the record date of October 4, 2017, were present in person or by proxy, constituting a quorum for the purposes of theAnnual Meeting.
| Proposal 1 |
The following nominees were elected by a plurality of the shares present in person or represented by proxy at the Annual Meeting to serve until our 2018 annual meeting of stockholders with the following vote: |
| Nominee |
For |
Withheld |
Broker Non-votes |
| Dan Yu (George) Pan |
5,716,274 |
1,196,215 |
4,688,801 |
| Wen Liang Li |
5,686,274 |
1,226,215 |
4,688,801 |
| Ping (David) Li |
5,715,974 |
1,196,515 |
4,688,801 |
| T. Joseph Fisher III |
5,716,974 |
1,195,515 |
4,688,801 |
| Jie Wang |
6,573,264 |
339,225 |
4,688,801 |
| Proposal 2 |
The Highpower International, Inc. 2017 Omnibus Incentive Plan was approved by at least a majority of the votes cast with the following vote: |
| For |
Against |
Abstain |
Broker Non-votes |
| 5,666,683 |
1,225,711 |
20,095 |
4,688,801 |
| Proposal 3 |
The appointment of Marcum Bernstein & Pinchuk LLP as the Company's independent registered public accounting firm for fiscal year ending December 31, 2017, was ratified by at least the affirmative vote of the votes cast with the following vote: |
| For |
Against |
Abstain |
Broker Non-votes |
| 11,180,897 |
383,997 |
36,396 |
– |
| Item 9.01 |
Financial Statements and Exhibits. |
| Exhibit No. |
Description |
| 10.1 |
2017 Omnibus Incentive Plan |
Highpower International, Inc. ExhibitEX-10.1 2 tv481007_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 HIGHPOWER INTERNATIONAL,…To view the full exhibit click here
About HIGHPOWER INTERNATIONAL, INC. (NASDAQ:HPJ)
Highpower International, Inc., through its subsidiaries, is engaged in the manufacturing and marketing of nickel metal hydride rechargeable batteries (Ni-MH) and lithium batteries for both consumer and industrial applications. The Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material. It has commenced over two production lines of Lithium-ion (Li-ion) and Lithium polymer rechargeable batteries for consumer applications, such as consumer electronic products, mobile devices and wireless communication products. It produces a line of batteries falling into two categories: Consumer Batteries, which are relative to ordinary nickel cadmium (Ni-Cad) rechargeable batteries, as well as their non-rechargeable counterparts, and Industrial Batteries, which are designed for electric bikes, power tools and electric toys. It produces A, AA and AAA sized batteries in blister packing, as well as chargers and battery packs.