MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL) Files An 8-K Submission of Matters to a Vote of Security Holders

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MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL) 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.

The Annual Meeting of Stockholders (“Annual Meeting”) of Maxwell Technologies, Inc. (the "Company") was held on July 13, 2017. At the Annual Meeting, stockholders elected two Class III directors to serve on the Board of Directors until the 2020 Annual Meeting of the Stockholders or until their successors have been duly elected and qualified.

The two directors elected at the Annual Meeting were Richard Bergman and John Mutch. The votes cast for the two elected directors were as follows:

Name

Votes For

% For

Votes Withheld

% Withheld

Richard Bergman

18,614,031

96.48%

679,638

3.52%

John Mutch

18,473,489

95.75%

820,180

4.25%

The second matter voted on by the stockholders of the Company was the ratification of the appointment of BDO USA LLP as the Company’s independent auditors for the fiscal year ending December 31, 2017. The appointment was ratified and the votes cast were as follows:

Votes For

Votes Against

Abstain

30,231,753

131,710

151,993

The third matter voted on by the stockholders of the Company was the approval of an amendment to the Company's 2013 Omnibus Equity Incentive Plan, including an increase in the number of shares of Common Stock reserved for issuance thereunder by 1,500,000shares. The amendment was approved and the votes cast were as follows:

Votes For

Votes Against

Abstain

Broker Non-Votes

17,198,141

1,983,322

112,206

11,221,787

The fourth matter voted on by the stockholders of the Company was the approval of an increase in the number of shares of Common Stock reserved for issuance under the Company's 2004 Employee Stock Purchase Plan by500,000shares. The increase was approved and the votes cast were as follows:

Votes For

Votes Against

Abstain

Broker Non-Votes

18,082,555

1,140,736

70,378

11,221,787

The fifth matter voted on by the stockholders of the Company was an advisory vote to approve the compensation of the named executive officers of the Company. The resolution was approved with approximately 94.09% of the votes cast at the Annual Meeting voting in favor of the advisory resolution. The votes cast were as follows:

Votes For

Votes Against

Abstain

Broker Non-Votes

18,155,292

1,007,032

131,345

11,221,787

The sixth matter voted on by the stockholders of the Company was an advisory vote to approve the frequency with which future advisory votes on the compensation of the named executive officers of the Company will be conducted. Approximately 10.02% of the votes cast at the Annual Meeting voted in favor of holding future advisory votes on executive compensation every three years, approximately 0.18% of the votes cast voted in favor of holding such future advisory votes every two years and approximately 89.16% of the votes cast voted in favor of holding such future advisory votes every year. In light of this result, the Company’s Board of Directors has determined that the Company will hold an annual stockholder advisory vote to approve the compensation of its named executive officers until the next advisory vote on thefrequencyof stockholder advisory votes to approve the compensation of its named executive officers. The votes cast were as follows:

1 Year

2 Year

3 Year

Abstain

17,203,465

36,511

1,934,022

119,671


About MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL)

Maxwell Technologies, Inc. develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products. The Company’s ultracapacitor cells and multi-cell packs, and modules provide energy storage and power delivery solutions for applications in multiple industries. The Company offers ultracapacitor cells with capacitances ranging from 1 to 3,400 farads. It designs and manufactures CONDIS high-voltage capacitors. These products include grading and coupling capacitors and electric voltage transformers. The Company’s radiation-hardened microelectronic products for satellites and spacecraft include single board computers and components, such as high-density memory and data conversion modules.

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