IEH Corporation (OTCMKTS:IEHC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
The Company held its 2018 Annual Meeting of Shareholders on November 27, 2018 at the offices of Becker & Poliakoff, LLP, the Company’s outside general counsel in New York, New York. The results of the matters voted on by the shareholders are set forth below. Only shareholders of record as of the close of business on October 12, 2018 were entitled to vote at the 2018 Annual Meeting. As of the record date, 2,323,468 shares of common stock of the Company were issued and outstanding and entitled to vote at the 2018 Annual Meeting. At the 2018 Annual Meeting, 2,113,981 shares of common stock of the Company were represented, in person or by proxy, constituting a quorum.
The proposals presented to the Company’s shareholders at the 2018 Annual Meeting are described in detail in the Company’s Proxy Statement. The final results for the votes regarding each proposal are set forth below.
Proposal 1 – Election of three Class I directors nominated by the Board to serve until the Company’s 2020 Annual Meeting and until their respective successors are duly elected and qualified
The three nominees who received the highest number of votes (all of the below individuals) were elected to the board of directors to hold office for a two-year term and until their respective successors are elected and qualified. The shareholders voted to elect the following three directors by the votes indicated below:
|Eric C. Hugel||1,380,161||6,008||727,817|
|Michael E. Rosenfeld||1,044,682||341,487||727,817|
Proposal 2 – Advisory Vote on the Compensation of the Company’s Named Executive Officers
The shareholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed to Item402 of Regulation S-K and contained in the Company’s Proxy Statement, by the following votes:
Proposal 3 – Ratification of Selection of Independent Registered Public Accounting Firm
The shareholders voted to ratify the selection of Manuel Reina, CPA, as the Company’s independent registered public accounting firm for the fiscal year ending March 29, 2019, by the following votes:
About IEH Corporation (OTCMKTS:IEHC)
IEH Corporation designs, develops and manufactures printed circuit connectors for high performance applications. The Company offers circular product line of connectors for the medical industry, which also includes connector cable assemblies. The Company also offers a plastic circular connector line. Its products line features high-density connectors. All of the Company’s connectors utilize its HYPERBOLOID contact design, a contact system for high-stress environments. It produces HYPERBOLOID in the United States. The Company is primarily a manufacturer and its products are basic components of assemblies of finished goods. It sells products directly and through approximately 20 independent sales representatives located in all regions of the United States, Canada, Israel, India, various Pacific Rim countries, South Korea and the European Union (EU). It offers various products under the Military Qualified Product Listing (QPL).