I.D. SYSTEMS, INC. (NASDAQ:IDSY) 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. |
I.D. Systems, Inc. (the Company) held its 2017 annual meeting of
stockholders (the Annual Meeting) on June 15, 2017. At the Annual
Meeting, the Companys stockholders were asked to vote upon:
| 1. |
The election of five directors, each to serve until the Companys 2018 annual meeting of stockholders and until their respective successors are duly elected and qualified. The nominees for election were Kenneth Brakebill, Michael Brodsky, Michael Casey, Ron Konezny and Chris Wolfe; |
| 2. |
The ratification of the appointment of EisnerAmper LLP (EisnerAmper) as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2017; |
| 3. |
An advisory (non-binding) vote to approve the Companys executive compensation; and |
| 4. |
An advisory (non-binding) vote on the frequency of future stockholder advisory votes to approve the Companys executive compensation. |
The results of the matters voted on at the Annual Meeting, based
on the presence in person or by proxy of holders of record of
12,256,304 of the 14,072,714 shares of the Companys common stock
entitled to vote, were as follows:
| 1. |
The election of each of Messrs. Brakebill, Brodsky, Casey, Konezny and Wolfe as directors of the Company to serve until the 2018 annual meeting of stockholders and until their respective successors are duly elected and qualified was approved as follows: |
| For | Withheld | Broker Non-Votes | ||||||||||
| Kenneth Brakebill | 8,619,772 | 269,825 | 3,366,707 | |||||||||
| Michael Brodsky | 8,388,362 | 501,235 | 3,366,707 | |||||||||
| Michael Casey | 8,391,422 | 498,175 | 3,366,707 | |||||||||
| Ron Konezny | 7,314,865 | 1,574,732 | 3,366,707 | |||||||||
| Chris Wolfe | 8,799,422 | 90,175 | 3,366,707 | |||||||||
| 2. |
The stockholders ratified the appointment of EisnerAmper as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017. The voting results were as follow: |
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 12,247,370 | 3,841 | 5,093 | ||||||||||||
| 3. |
The stockholders approved an advisory resolution on executive compensation. The voting results were as follows: |
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 8,576,109 | 298,259 | 15,229 | 3,366,707 | |||||||||||
| 4. |
The stockholders approved an advisory resolution on the frequency of future stockholder advisory votes on executive compensation. The voting results were as follows: |
| 1 Year | 2 Years | 3 Years | Abstain | |||||||||||
| 8,252,589 | 9,877 | 618,343 | 8,788 | |||||||||||
Based on the approval of the stockholders, the Companys board of
directors has determined that it will hold an advisory vote on
the compensation of its executive officers every year until the
next required vote on the frequency of such an advisory vote.
About I.D. SYSTEMS, INC. (NASDAQ:IDSY)
I.D. Systems, Inc. (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers. Its systems utilize radio frequency identification (RFID), wireless fidelity (Wi-Fi), satellite or cellular communications, and sensor technology and software to control, track, monitor and analyze assets. It provides data reporting and analysis software tool platform, I.D. Systems Analytics PowerFleet IQ (for fleets of forklifts and other industrial trucks) and VeriWise IQ (for fleets of containers, trailers and other transportation assets). Its solutions include industrial and rental fleet asset management, industrial fleet asset management, transportation asset management and rental fleet asset management solutions.
