ION Geophysical Corporation (NYSE:IO) 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.
its Annual Meeting of Stockholders (the Meeting) in Houston,
Texas. Of the 12,072,605 shares of common stock outstanding and
entitled to vote as of the record date, 9,864,945 shares (81.71%)
were present or represented by proxy at the Meeting. At the
Meeting, the Companys stockholders approved all of the nominees
and proposals, specifically (1) the election of Michael C.
Jennings and John N. Seitz as directors to hold office until the
2020 Annual Meeting of Stockholders or until their successors are
elected, (2) the compensation of the Companys executive officers,
(3) frequency of shareholder votes on executive compensation and
(4) the ratification of Grant Thornton LLC as the Companys
independent registered public accounting firm for the fiscal year
ending December 31, 2017. In the non-binding advisory vote to
approve the compensation of the Companys executive officers,
approximately 70.80% of the votes cast on the proposal voted to
approve the compensation of the Companys executive officers.
stockholders were as follows:
|
Votes Cast For
|
Votes Withheld
|
|||
|
1. Election of Directors for a Three-Year Term Expiring
in 2020 |
||||
|
Michael C. Jennings
|
6,982,814
|
128,310
|
||
|
John N. Seitz
|
6,975,472
|
135,652
|
||
|
For
|
Against
|
Abstain
|
Broker Non-
Votes
|
||||
|
2. Advisory Vote to Approve Executive Compensation
|
5,034,558
|
1,971,784
|
104,782
|
2,753,821
|
|||
|
One Year
|
Two Years
|
3 Years
|
Abstain
|
Broker Non- Votes
|
||||
|
3. Advisory Vote on Frequency of Shareholder Votes on
Executive Compensation |
6,926,993
|
21,085
|
150,506
|
12,540
|
2,753,821
|
|||
|
For
|
Against
|
Abstain
|
Broker Non- Votes
|
|||||
|
4. Ratification of Grant Thornton LLC as Independent
Registered Public Accountants |
9,796,591
|
34,591
|
33,763
|
|||||
Company will hold its say on pay vote every year.
the Meeting:
About ION Geophysical Corporation (NYSE:IO)
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company’s Systems segment’s products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company’s Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services. ION Geophysical Corporation (NYSE:IO) Recent Trading Information
ION Geophysical Corporation (NYSE:IO) closed its last trading session down -0.30 at 4.35 with 22,544 shares trading hands.