INTERLINK ELECTRONICS, INC. (NASDAQ:LINK) Files An 8-K Entry into a Material Definitive Agreement

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INTERLINK ELECTRONICS, INC. (NASDAQ:LINK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement.

One June 22, 2018, Interlink Electronics, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with Leonard Hagan, to which the Company agreed to repurchase from Mr. Hagan and his affiliates an aggregate of 867,681 shares of the Company’s common stock, par value $0.001, at a purchase price of $3.00 per share for an aggregate purchase price of $2,603,043. The Agreement contains certain customary representations and warranties.The Company and Mr. Hagan consummated the securities repurchase transaction on June 28, 2018.Immediately following the repurchase of all of these shares, the Company had 6,478,797 shares of common stock issued and outstanding.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement. A copy of the Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 5.07Submission of Matters to a Vote of Security Holders.

On June 26, 2018, the Company held its 2018 annual meeting of stockholders in Westlake Village, California.At the annual meeting, there were 7,346,478 shares entitled to vote, and 7,137,552 shares (97.16%) were represented at the meeting in person or by proxy.

At the annual meeting, Steven Bronson, Mark Bailey, Angela Blatteis and Frank Levinson were elected directors by a plurality of the votes.Also at the annual meeting, our stockholders voted for approval of the compensation of our executive officers, and voted to ratify the selection of RBSM LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2018. The following summarizes vote results for those matters submitted to our stockholders for action at the annual meeting:

1.Proposal to elect Steven Bronson, Mark Bailey, Angela Blatteis and Frank Levinson as directors to hold office until the 2019 annual meeting or until their successors are elected and qualified.

Name

For

Withhold

Broker Non-Votes

Steven Bronson

6,288,466

3,860

845,226

Mark Bailey

6,287,316

5,010

845,226

Angela Blatteis

6,287,399

4,927

845,226

Frank Levinson

6,288,466

3,860

845,226

2.Proposal to approve, through an advisory vote, the compensation of our executive officers.

For

Against

Abstain

Broker Non-Votes

6,266,423

10,093

15,810

845,226

3.Proposal to ratify the selection of RBSM LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2018.

For

Against

Abstain

Broker Non-Votes

7,129,007

7,395

1,150

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Item 9.01Financial Statements and Exhibits.

(d)Exhibits

10.1Securities Purchase Agreement, dated June 22, 2018, between the Registrant and Leonard Hagan.


INTERLINK ELECTRONICS INC Exhibit
EX-10.1 2 ex-10d1.htm EX-10.1 Ex10_1 Exhibit 10.1 Securities Purchase Agreement This Securities Purchase Agreement (this “Agreement”) is made and entered into effective as of June 22,…
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About INTERLINK ELECTRONICS, INC. (NASDAQ:LINK)

Interlink Electronics, Inc. (Interlink) designs, develops, manufactures and sells a range of force-sensing technologies that incorporate its materials technology, firmware and software into a portfolio of standard products and custom solutions. The Company operates in the manufacture and sale of force sensing technology segment. The Company’s solutions include sensor components, subassemblies, modules and products that support cursor control and three-dimensional user inputs. Its human machine interface (HMI), technology platforms are deployed in a range of markets, including consumer electronics, automotive, industrial and medical. Interlink offers a portfolio of standard solutions, from simple force sensors to multi-finger capable rugged trackpads. Its portfolio of standard solutions includes its Force Sensing Resistor (FSR) technology, Force sensing linear potentiometers (FSLP), and integrated mouse modules and pointing solutions.