KEY TECHNOLOGY, INC. (NASDAQ:KTEC) 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.
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(d)
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As reported in the Original Form 8-K, the advisory
(non-binding) proposal regarding the frequency of advisory approval of the compensation of the Companys named executive officers, voted on at the 2017 Annual Meeting, received the following votes: |
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Votes for One Year:
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4,568,483
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Votes for Two Years:
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96,482
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Votes for Three Years:
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23,846
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Abstentions:
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16,314
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has determined, consistent with the recommendation made with
respect to this proposal by the Companys Board of Directors in
the proxy statement for the 2017 Annual Meeting, that the Company
will hold future Say on Pay votes on an annual basis until the
occurrence of the next advisory vote on the frequency of Say on
Pay votes. The next advisory vote regarding the frequency of Say
on Pay is required to occur no later than the Companys 2023
Annual Meeting of Shareholders.
About KEY TECHNOLOGY, INC. (NASDAQ:KTEC)
Key Technology, Inc. is a supplier of process automation solutions to the food processing industry and other industries, such as tobacco and pharmaceuticals. The Company designs, manufactures, sells and services automation equipment that processes product streams of discrete pieces. These systems integrate electro-optical automated inspection and digital sorting systems with other processing systems that include specialized conveying and preparation equipment. The Company provides parts and service for each of its product lines to customers around the world. Its automated inspection systems are used in various applications to detect and remove defects and foreign material from the product stream. It offers conveying and processing equipment, which are utilized throughout various industries to move and process product within a production plant. Its Integrated Solutions Group (ISG) provides integrated whole-line solutions. It has an installed base of inspection and processing systems. KEY TECHNOLOGY, INC. (NASDAQ:KTEC) Recent Trading Information
KEY TECHNOLOGY, INC. (NASDAQ:KTEC) closed its last trading session up +0.09 at 12.90 with 14,498 shares trading hands.
