ITEX Corporation (OTCMKTS:ITEX) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
|
Submission of Matters to a Vote of Security Holders |
On December 13, 2016, ITEX Corporation (ITEX) held its Annual
Meeting of Stockholders. There were 2,081,429 shares of common
stock entitled to be voted, of which 1,921,198 were voted in
person or by proxy. At the Annual Meeting:
(1) The shareholders voted to elect each of the five (5)nominees
for director.
(2) The shareholders approved, on an advisory basis, the
compensation paid by ITEX to its named executive officers.
(3) The shareholders voted to ratify the appointment of EKSH as
its independent registered public accounting firm for the fiscal
year ending July 31, 2017.
The stockholders of ITEX voted as follows on the matters
presented for a vote:
| 1. | Election of directors |
|
Nominee |
Vote Result |
% Votes For |
For |
Withheld |
Broker Non-Votes |
||||
| Eric Best | Re-elected | 97.24 | 810,334 | 22,980 | 1,087,884 | ||||
| Kevin Callan | Re-elected | 97.24 | 810,344 | 22,970 | 1,087,884 | ||||
| Timothy Morones | Re-elected | 97.24 | 810,344 | 22,970 | 1,087,884 | ||||
| John A. Wade | Re-elected | 97.24 | 810,339 | 22,975 | 1,087,884 | ||||
| Steven White | Re-elected | 97.07 | 808,876 | 24,438 | 1,087,884 |
| 2. | Advisory vote on executive compensation |
|
Vote Result |
% Votes For |
For |
Against |
Abstain |
Broker Non-Votes |
|||||
| Approved | 96.80 | 806,656 | 25,908 | 750 | 1,087,884 |
| 3. |
Ratification of appointment of independent auditors |
|
Vote Result |
% Votes For |
For |
Against |
Abstain |
Broker Non-Votes |
|||||
| Approved | 99.81 | 1,917,688 | 2,448 | 1,062 | — |
About ITEX Corporation (OTCMKTS:ITEX)
ITEX Corporation operates a marketplace (the Marketplace) in which products and services are exchanged by Marketplace members utilizing ITEX dollars. ITEX dollars are only usable in the Marketplace and allows thousands of member businesses to acquire products and services without exchanging cash. The Company services its member businesses through its independent licensed brokers and franchise network (individually, broker and together, the Broker Network) in the United States and Canada. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). The Company’s Brokers are independent contractors. The Company’s corporate staff, brokers and their staff, and outside contractors support the Marketplace. Its brokers provide Marketplace members with information on products and services that are available locally, nationally and in Canada. ITEX Corporation (OTCMKTS:ITEX) Recent Trading Information
ITEX Corporation (OTCMKTS:ITEX) closed its last trading session up +0.15 at 3.65 with 300 shares trading hands.
